ZHENHUA(SZ:000733)2016-04-27 16:00Financial Performance - The company's operating revenue for Q1 2016 was CNY 1,216,626,893.09, representing a 63.18% increase compared to CNY 745,559,547.04 in the same period last year[9]. - Net profit attributable to shareholders was CNY 67,574,753.26, a significant increase of 180.35% from CNY 24,103,776.35 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was CNY 34,359,001.01, up 36.26% from CNY 25,215,930.29 in the previous year[9]. - The basic earnings per share (EPS) rose to CNY 0.14, reflecting a 180.00% increase from CNY 0.05 in the same quarter last year[9]. - The total profit for the period was ¥80,778,047.71, reflecting a 132.96% increase from ¥34,674,020.73 in the previous year[24]. Assets and Shareholder Information - The total assets at the end of the reporting period were CNY 7,057,958,940.11, an increase of 6.04% from CNY 6,656,050,431.51 at the end of the previous year[9]. - The net assets attributable to shareholders increased to CNY 3,584,216,155.40, a rise of 1.86% from CNY 3,518,753,828.94 at the end of the previous year[9]. - The total number of shareholders at the end of the reporting period was 43,688[16]. - The largest shareholder, China Zhihua Electronics Group Co., Ltd., held 36.13% of the shares, amounting to 169,573,344 shares[16]. Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -78,069,287.76, worsening by 24.97% compared to CNY -62,468,199.72 in the same period last year[9]. - The net cash flow from operating activities was -¥78,069,287.76, a 24.97% decline compared to -¥62,468,199.72, attributed to increased cash payments for goods and services[25]. - The company’s cash flow from financing activities improved significantly, with a net inflow of ¥32,296,627.78, compared to a net outflow of -¥10,160,058.67 in the prior period[25]. Investments and Subsidiaries - Investment income surged by 225.74% to ¥8,008,568.90, resulting from the transfer of equity in a subsidiary[24]. - The company completed a capital increase in Shenzhen Zhonghua Technology Co., leading to a 40.82% rise in long-term equity investments to ¥216,346,966.95[22]. - The company has reduced the number of consolidated subsidiaries to 17, down from 19, as part of its strategy to optimize resource allocation and strengthen core business[21]. - The company completed an investment in Shenzhen Zhonghua Company, with a total valuation of 85.2445 million yuan for 82% equity in Shenzhen Kangli Precision Machinery Co., Ltd. and industrial land and properties[26]. - After the capital increase, the company's stake in Shenzhen Zhonghua Company changed from 49% to 43.77%[26]. - The equity registration changes for Shenzhen Zhonghua Company were completed on January 7, 2016, and Kangli Company became a wholly-owned subsidiary on January 22, 2016[26]. Revenue and Costs - Accounts receivable increased by 51.75% to ¥1,566,719,478.12, driven by revenue growth and longer customer acceptance cycles in the electronic components industry[22]. - The company reported a 76.62% rise in operating costs, totaling ¥941,096,818.49, primarily due to increased costs associated with higher revenue from low-margin products[24]. - The company reported non-recurring gains of CNY 33,215,752.25, which included a gain from the disposal of non-current assets of CNY 31,997,740.61[12].