深南电(000037) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥244,369,581.94, a decrease of 5.53% compared to ¥258,686,630.32 in the same period last year[11] - The net profit attributable to shareholders was -¥46,283,508.47, an improvement of 47.67% from -¥88,448,771.06 year-on-year[11] - The net cash flow from operating activities was -¥53,539,090.49, which is a 33.29% improvement compared to -¥80,257,201.83 in the previous year[11] - The basic earnings per share were -¥0.08, a 46.67% improvement from -¥0.15 in the same period last year[11] - The weighted average return on equity was -7.89%, slightly lower than -7.30% in the previous year[11] - The company reported a net profit of -330,513,284.99 RMB for 2014 and -634,623,667.06 RMB for 2015, indicating ongoing financial challenges[28] - The total comprehensive income for Q1 2016 was -12,850,195.07 CNY, compared to -14,959,837.51 CNY in the same period last year, reflecting a decrease in losses by approximately 14.1%[52] - The net loss for Q1 2016 was CNY 62,207,113.93, compared to a net loss of CNY 109,346,398.28 in the same period last year[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,708,633,482.66, reflecting a 2.81% increase from ¥4,579,853,736.04 at the end of the previous year[11] - The net assets attributable to shareholders decreased by 7.28% to ¥589,735,558.99 from ¥636,006,699.57 at the end of the previous year[11] - The company's total assets at the end of Q1 2016 amounted to CNY 3,921,827,375.55, an increase from CNY 3,865,419,390.97 at the beginning of the period[44] - Total liabilities as of the end of Q1 2016 were CNY 2,936,120,533.30, compared to CNY 2,866,874,721.54 at the start of the period[44] - The company's current liabilities totaled 3,202,329,898.77 RMB, slightly down from 3,259,407,724.41 RMB at the start of the year[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,819[14] - The largest shareholder, Hong Kong Nanhai Ocean Shipping (International) Co., Ltd., held 15.28% of the shares, totaling 92,123,248 shares[14] Cash Flow and Financing - The company has a cash balance of 1,038,965,433.23 RMB, up from 1,026,626,480.06 RMB at the beginning of the year[38] - The net cash flow from financing activities in Q1 2016 was 76,100,125.44 CNY, down from 447,055,999.11 CNY in the previous year, indicating a decrease of about 83.0%[56] - The cash inflow from financing activities totaled 825,300,000.00, down from 1,180,000,000.00 in the previous year, reflecting a decline of approximately 30%[59] - The cash outflow for debt repayment was 770,000,000.00, an increase from 700,000,000.00 in the previous year[59] - The company incurred financial expenses of 9,926,311.23 CNY in Q1 2016, down from 14,148,332.73 CNY in the same period last year, indicating a reduction of approximately 29.0%[51] Operational Developments - The company plans to issue medium-term notes totaling up to RMB 500 million to optimize its funding structure and meet operational needs[18] - The company intends to privately issue corporate bonds not exceeding RMB 2 billion to supplement working capital and promote development[18] - The company’s subsidiary has received approval for a gas-steam combined cycle power project with a capacity of 2×180 MW[20] - The company is actively pursuing legal action against Sinopec for unpaid oil payments, with the court set to hear the case by the end of April[25] - The company is progressing with the development of a 53.82-acre land project, having signed a construction contract with a contractor[22] - The company’s subsidiary has initiated a project for a cogeneration facility, with the first phase of the heating network currently under implementation[22] Risks and Warnings - The company has issued a warning regarding the risk of delisting if it continues to incur losses in 2016[4] - The company’s stock was subject to delisting risk warnings due to continued losses, with a potential suspension of trading if losses persist in 2016[28] Accounts and Receivables - Accounts receivable increased by 31.24% to RMB 532,030,346.61 due to higher electricity sales revenue[21] - Prepaid accounts increased by 6,877.49% to RMB 17,761,708.03 primarily due to increased advance payments for goods[21] - Accounts payable rose by 149.86% to RMB 94,982,086.97 mainly due to increased payments for natural gas[21] Inventory and Other Financials - The company’s inventory stood at 680,328,493.80 RMB, showing a slight increase from 672,683,049.42 RMB[38] - The company has no reported non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - The company has not engaged in any securities or derivative investments during the reporting period[30][31] - The company did not undergo an audit for the first quarter report[61]