JINHUI(SH:603919)2016-04-21 16:00Financial Performance - Revenue for the reporting period reached CNY 444,864,246.29, representing a growth of 23.82% year-on-year[7] - Net profit attributable to shareholders increased by 32.82% to CNY 92,393,437.73 compared to the same period last year[7] - Basic and diluted earnings per share rose by 21.21% to CNY 0.40[7] - Total revenue increased, leading to a 39.81% rise in total profit to RMB 123,969,474.90[19] - Net profit increased by 32.82% to RMB 92,393,437.73, attributed to higher operating income[19] - Total operating revenue for Q1 2016 was CNY 444,864,246.29, an increase of 23.8% compared to CNY 359,285,687.70 in the same period last year[35] - Net profit for Q1 2016 reached CNY 92,393,437.73, representing a 32.8% increase from CNY 69,563,855.30 in Q1 2015[36] Assets and Liabilities - Total assets increased by 22.07% to CNY 2,262,230,699.59 compared to the end of the previous year[7] - Total assets as of March 31, 2016, amounted to CNY 2,184,548,671.44, an increase from CNY 1,833,938,086.99 at the beginning of the year[33] - Total current assets increased to ¥1,017,315,346.53 from ¥651,874,647.50, reflecting a growth of about 56%[27] - Total liabilities decreased from ¥1,068,474,967.14 to ¥662,602,940.86, a reduction of about 38%[28] - Total liabilities as of March 31, 2016, were CNY 915,900,920.96, down from CNY 1,210,144,305.24 at the start of the year[33] Cash Flow - Operating cash flow for the period was CNY 88,946,953.11, up 134.29% from the previous year[7] - Cash and cash equivalents increased by 59.42% to RMB 378,013,367.88 compared to the previous period[23] - The cash flow from operating activities generated a net inflow of CNY 88,946,953.11, up from CNY 37,964,461.92 in the previous year, reflecting improved cash generation[42] - The total cash and cash equivalents at the end of Q1 2016 amounted to CNY 702,312,513.39, compared to CNY 460,170,631.11 at the end of Q1 2015, showing a 52.6% increase[43] - The company’s cash flow from financing activities netted RMB 359,528,833.32, a 42.49% increase from the previous period[23] - The net cash flow from financing activities increased due to cash received from the public offering of shares[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,068[12] - The largest shareholder, Gansu Yate Investment Group, holds 55.278% of the shares[12] Government Subsidies and Non-Recurring Items - Government subsidies recognized during the period amounted to CNY 2,834,817.17[9] - The company received government subsidies, resulting in a 508.78% increase in non-operating income to RMB 3,512,134.66[19] - Non-recurring gains and losses totaled CNY 3,057,604.98 for the reporting period[10] Operational Costs and Expenses - Total operating costs for Q1 2016 were CNY 324,406,390.37, up 19.6% from CNY 271,194,160.68 in Q1 2015[35] - Sales expenses increased by 41.75% to RMB 60,176,896.07, corresponding with the rise in sales revenue[18] - The management expenses increased to CNY 23,247,258.97 from CNY 18,044,178.01, representing a rise of 28.5% year-over-year[38] - The company incurred financial expenses of CNY 5,767,467.27, up from CNY 3,693,869.05, indicating a 56.2% increase[38] Investment Activities - The cash outflow from investing activities was CNY 70,462,418.55, compared to CNY 53,166,159.20 in the previous year, reflecting increased investment activity[42] - Net cash flow from investing activities was -$69,433,946.55, compared to -$53,114,711.49 in the previous period[46] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[34] - The company anticipates no significant changes in net profit compared to the same period last year[26]