襄阳轴承(000678) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥316,728,809.91, representing a 3.07% increase compared to ¥307,296,496.34 in the same period last year[8]. - The net profit attributable to shareholders was -¥6,398,920.19, a decrease of 61.24% from -¥3,968,517.56 year-on-year[8]. - The total profit for Q1 2016 was -4,800,696.30 CNY, a decrease of 85.26% compared to -2,591,341.77 CNY in Q1 2015[19]. - The basic earnings per share for Q1 2016 was -¥0.015, a 50.00% decrease from -¥0.01 in the same period last year[8]. - The weighted average return on net assets was -0.65%, down from -0.38% year-on-year[8]. - The net profit after deducting non-recurring gains and losses was -¥11,828,808.22, a 22.02% increase in loss compared to -¥9,694,259.63 last year[8]. Cash Flow - The net cash flow from operating activities improved significantly to -¥6,426,868.41, a 91.48% increase compared to -¥75,457,851.20 in the previous year[8]. - The net cash flow from operating activities improved by 91.48%, reaching -6,426,868.41 CNY, attributed to increased sales collection[19]. - The net cash flow from investing activities decreased by 38.23% to -9,512,983.62 CNY, due to reduced cash outflow for fixed asset investments[19]. - The net cash flow from financing activities was 51,831,730.21 CNY, a decline of 46.93% compared to 97,661,200.11 CNY in the previous period[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,413,390,555.31, up 2.69% from ¥2,350,179,405.24 at the end of the previous year[8]. - The company's net assets attributable to shareholders decreased by 0.67% to ¥976,422,375.98 from ¥983,005,954.78 at the end of the previous year[8]. - Other receivables increased by 27.68% to 15,487,294.92 CNY due to temporary operational transactions[19]. - The accounts payable increased significantly by 146.86% to 77,507,763.82 CNY, driven by increased note financing[19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,220[12]. Financing Activities - The company plans to issue up to 120 million new shares through a private placement, as approved by the China Securities Regulatory Commission on January 22, 2016[17]. - Financial expenses increased by 47.00% to 5,674,450.83 CNY due to higher interest expenses from increased loans[19].