同洲电子(002052) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥131,906,824.12, a decrease of 32.72% compared to ¥196,046,061.29 in the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥9,087,146.23, representing a decline of 547.52% from a profit of ¥2,030,567.88 in the previous year[6]. - The company experienced a 32.72% decrease in revenue due to economic slowdown and tight liquidity affecting order fulfillment[18]. - Net profit decreased by 547.52% compared to the same period last year, mainly due to a decline in gross margin and revenue, resulting in a higher expense ratio[21]. - The company expects a net loss of between -30 million to -10 million yuan for the first half of 2016, compared to a net profit of 11.48 million yuan in the same period of 2015[28]. Cash Flow - The net cash flow from operating activities increased by 22.66% to ¥90,196,567.27, up from ¥73,533,388.64 in the same period last year[6]. - Net cash flow from investing activities decreased by 128.60% compared to the same period last year, mainly due to an increase in long-term equity investments[21]. - Net cash flow from financing activities increased by 37.75% compared to the same period last year, primarily due to a reduction in bank loan repayments and an increase in bank loans obtained[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,740,295,986.33, a decrease of 10.67% from ¥3,067,528,953.09 at the end of the previous year[6]. - Accounts receivable decreased by 95.66% compared to the beginning of the period, primarily due to the maturity of receivables[13]. - Asset impairment losses increased by 96.65% compared to the same period last year, primarily due to the reversal of inventory write-downs in the previous year, with none in the current period[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 86,013[9]. - The largest shareholder, Yuan Ming, holds 16.88% of the shares, amounting to 125,924,638 shares, with a portion pledged[9]. - The company has made commitments regarding non-reduction of shareholdings during the shareholding increase period, which will be strictly adhered to[27]. - There are no violations of external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[29][30]. Management and Operations - Management expenses decreased by 36.60% compared to the same period last year, mainly due to a reduction in personnel leading to lower salary expenses[19]. - The company reported a significant increase in non-operating income, totaling ¥19,553,434.70 after tax adjustments[7]. - The company has not completed its name change due to ongoing work related to asset disposal and project applications[23]. - The company is involved in a project in Cambodia, achieving full network coverage for 2 million users in Phnom Penh and other major cities[22]. Return on Investment - The weighted average return on net assets was -0.62%, down by 0.86% from 0.24% in the previous year[6].