SHBM(SH:900939)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 2,252,733.14, a significant recovery from a loss of CNY 715,766.29 in the same period last year[7] - The weighted average return on equity increased by 5.39 percentage points to 3.98% compared to the same period last year[7] - Total revenue for Q1 2016 was CNY 2,199,392.75, a decrease of 8.25% from CNY 2,396,391.54 in the previous year[27] - Net profit for Q1 2016 was CNY 2,232,751.51, compared to a net loss of CNY -721,877.64 in Q1 2015[28] - Earnings per share for Q1 2016 were CNY 0.012, recovering from a loss of CNY -0.004 in the previous year[29] - Total comprehensive income for the period was CNY 1,322,030.05, a decrease from -CNY 1,634,848.30 in the previous period[31] - The company reported a basic earnings per share of CNY 0.00, with diluted earnings per share also at CNY 0.00 for Q1 2016[31] Assets and Liabilities - Total assets increased by 2.64% to CNY 82,315,460.47 compared to the end of the previous year[7] - Total assets as of March 31, 2016, amounted to ¥82,315,460.47, an increase from ¥80,196,726.98 at the beginning of the year[21] - The total liabilities decreased slightly to ¥21,203,504.66 from ¥21,317,522.68 at the beginning of the year[21] - Total liabilities for Q1 2016 were CNY 38,578,060.15, slightly down from CNY 38,593,369.94 in the previous year[25] - Owner's equity increased to CNY 201,682,437.06 in Q1 2016 from CNY 200,360,407.01 in the previous year[25] Cash Flow - Net cash flow from operating activities surged by 336.85% to CNY 975,855.87 compared to the same period last year[7] - The net cash flow from operating activities increased by 336.85% to ¥975,855.87, primarily due to the collection of rent payments that were received in the current period[14] - Operating cash inflow for Q1 2016 was CNY 2,145,288.89, up from CNY 1,666,548.66 in the previous period, representing an increase of approximately 28.7%[32] - Cash outflow from investing activities totaled CNY 27,000,000.00, compared to CNY 20,000,000.00 in the previous period, indicating a 35% increase[33] - Net cash flow from investing activities was -CNY 24,500,000.00, a decrease from CNY 1,563,000.00 in the previous year[33] - The net increase in cash and cash equivalents was -CNY 23,524,144.13, down from an increase of CNY 1,786,384.63 in the previous period[33] - The ending balance of cash and cash equivalents was CNY 5,828,642.83, compared to CNY 4,995,207.03 at the end of the previous period[33] Inventory and Expenses - Inventory increased by 43.21% to CNY 1,334,876.36 due to increased procurement of flooring products[13] - The company’s inventory increased to ¥1,334,876.36 from ¥932,121.80 at the beginning of the year[19] - Management expenses decreased to CNY 1,053,452.51 from CNY 1,428,303.73 in the previous year, reflecting a cost control strategy[28] Shareholder Information - The total number of shareholders reached 11,963 at the end of the reporting period[11] - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 28.64% of the shares, totaling 51,989,300 shares[11] Investment and Impairment - The company reported an asset impairment loss of ¥2,500,000.00, which was not applicable in the same period last year[14] - The company reported a significant asset impairment loss of CNY -2,500,000.00 in Q1 2016, indicating challenges in asset valuation[28] - The company has recognized a bad debt provision of ¥735,000.00 for the remaining lease payments, which was partially reversed during the reporting period[14] - The company’s long-term equity investment decreased to ¥22,295,165.51 from ¥23,091,215.29 at the beginning of the year[19] Business Outlook - The company anticipates uncertainty in maintaining profitability due to a lack of fundamental improvement in main business revenue[16]