*ST新纺(002087) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥800,890,235.48, representing a 6.74% increase compared to ¥750,305,726.29 in the same period last year[5] - Net profit attributable to shareholders for Q1 2016 was ¥16,387,934.15, a 38.42% increase from ¥11,839,055.26 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥9,595,597.42, up 42.87% from ¥6,716,158.32 year-on-year[5] - The weighted average return on equity was 0.81%, up from 0.61% in the previous year[5] - The estimated net profit attributable to shareholders for the first half of 2016 is projected to be between 59.32 million yuan and 67.80 million yuan, representing a growth of 40% to 60% compared to 42.37 million yuan in the same period of 2015[19] Assets and Liabilities - The company's total assets increased by 7.62% to ¥6,690,897,622.12 from ¥6,216,996,521.07 at the end of the previous year[5] - The company reported a 30.38% increase in long-term borrowings, attributed to increased loans[12] Cash Flow - Cash flow from operating activities for Q1 2016 was -¥234,870,627.35, worsening from -¥157,120,043.98 in the same period last year[5] Expenses and Subsidies - Management expenses rose by 86.81% year-on-year, primarily due to increased investment in new product development[13] - The company received government subsidies amounting to ¥9,106,348.98, contributing to a 50.79% increase in non-operating income compared to the previous year[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,197[8] Corporate Actions - The company received approval from the China Securities Regulatory Commission for a non-public offering of up to 112.23 million shares as of January 29, 2016[15] - The company issued non-public corporate bonds amounting to 400 million yuan with a term of 3 years and a coupon rate of 6.50% on January 8, 2016[15] Future Outlook - The profit increase is attributed to successful transformation and upgrading, product differentiation, and capacity release, along with changes in government subsidy cycles starting in 2016[19] Investments - The company reported a fair value change of 1,450,500 yuan in financial assets, with a total investment amounting to 3,060,000 yuan[21]