双环科技(000707) - 2016 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2016 was CNY 770,683,483.56, an increase of 1.23% compared to CNY 761,285,079.58 in the same period last year[8] - Net profit attributable to shareholders decreased by 8.34% to CNY 5,023,672.61 from CNY 5,480,484.50 year-on-year[8] - Net profit excluding non-recurring gains and losses dropped by 52.04% to CNY 1,060,370.39 from CNY 2,211,091.53 in the previous year[8] - Total operating revenue for Q1 2016 was CNY 770,683,483.56, an increase from CNY 761,285,079.58 in the same period last year, representing a growth of approximately 0.18%[36] - Net profit for Q1 2016 was CNY 3,912,050.06, down from CNY 4,722,299.61 in Q1 2015, reflecting a decrease of approximately 17.2%[37] - The company's operating revenue for the first quarter was CNY 399,248,233.67, a decrease from CNY 421,526,945.52 in the previous period[40] - The net profit for the period was CNY 3,763,784.79, compared to CNY 3,179,187.46 in the previous period, reflecting a year-over-year increase of approximately 18.4%[41] Cash Flow and Liquidity - Operating cash flow increased by 41.87% to CNY 76,070,427.84 compared to CNY 53,619,315.33 in the same period last year[8] - Cash and cash equivalents decreased significantly, with a net decrease of CNY 86,304,140.92, representing a 316% increase in cash outflow compared to the previous year[15] - The company's cash and cash equivalents decreased to CNY 749,019,532.73 from CNY 835,323,673.65, reflecting a decline in available cash[28] - The company's cash and cash equivalents decreased to CNY 192,156,829.81 from CNY 262,676,110.58, a decline of approximately 26.7%[32] - The cash and cash equivalents at the end of the period were CNY 353,679,532.73, down from CNY 439,983,673.65 at the beginning of the period[46] - The company reported a net cash outflow from financing activities of CNY 40,139,243.58, an improvement from CNY 71,162,091.20 in the previous period[46] - The net cash flow from operating activities for the current period is ¥35,131,713.66, a decrease of 10.4% compared to ¥39,175,489.61 in the previous period[47] - Total cash inflow from operating activities is ¥278,385,865.26, up from ¥243,840,014.34, reflecting an increase of 14.2%[47] - Cash outflow from operating activities increased to ¥243,254,151.60 from ¥204,664,524.73, representing a rise of 18.8%[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,296,518,137.68, up 1.93% from CNY 11,082,589,412.08 at the end of the previous year[8] - The company's current assets totaled CNY 6,203,287,414.77, compared to CNY 6,079,696,975.23 at the beginning of the period, reflecting a growth in liquidity[28] - The inventory value increased to CNY 3,992,777,271.63 from CNY 3,744,299,507.44, indicating a rise in stock levels[28] - Short-term borrowings rose to CNY 3,131,250,000.00 from CNY 3,024,860,000.00, suggesting an increase in leverage[29] - The accounts receivable decreased to CNY 769,976,468.02 from CNY 852,012,317.84, indicating improved collection or reduced sales[28] - The total liabilities increased, with accounts payable rising to CNY 1,176,159,209.06 from CNY 1,139,867,075.85, indicating higher operational obligations[29] - The company's total assets at the end of Q1 2016 were CNY 5,073,954,848.70, a decrease from CNY 5,167,356,876.04 at the beginning of the year[34] - Total liabilities as of Q1 2016 amounted to CNY 3,348,056,542.78, down from CNY 3,444,549,897.95 at the start of the year, showing a reduction of about 2.8%[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,175[11] - The largest shareholder, Hubei Shuanghuan Chemical Group Co., Ltd., held 25.11% of the shares[11] - Hubei Shuanghuan Technology has committed to not reducing its shareholdings for six months starting from July 2015, and plans to increase its holdings when possible[17] - The company has no reported violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[22][23] Operational Performance - The company reported a net profit warning for the first half of 2016, indicating potential losses compared to the previous year[18] - The company reported an operating profit of CNY -975,669.50 for Q1 2016, compared to CNY -12,534.89 in Q1 2015, indicating a decline in operational performance[37] - The cost of goods sold was CNY 334,032,316.87, down from CNY 352,627,223.65, indicating improved cost management[40] - The company incurred sales expenses of CNY 12,809,342.89, up from CNY 10,397,074.61, indicating increased marketing efforts[41] - The financial expenses increased to CNY 23,328,203.02 from CNY 20,937,244.77, reflecting higher borrowing costs[41] Comprehensive Income - The total comprehensive income for the period was CNY 3,091,327.83, compared to CNY 2,386,417.23 in the previous period, showing a significant improvement[42] Cash Flow from Investing and Financing Activities - The net cash flow from investing activities is -¥116,971,634.30, a significant decrease compared to a positive net cash flow of ¥57,252,047.24 in the previous period[49] - Cash inflow from financing activities totaled ¥586,000,000.00, an increase from ¥485,295,541.92, marking a growth of 20.7%[49] - The net cash flow from financing activities is ¥11,320,639.87, compared to a negative net cash flow of -¥11,023,349.20 in the previous period[49] - The company received cash from loans amounting to ¥471,000,000.00, an increase from ¥348,000,000.00 in the previous period[49] - Cash paid for purchasing goods and services was ¥179,987,138.37, up from ¥157,914,097.02, indicating an increase of 14.0%[47] Audit Information - The company did not conduct an audit for the first quarter report[51]