SUNWARD(SZ:002097)2016-06-17 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥419,306,728.13, representing a slight increase of 0.08% compared to ¥418,962,687.52 in the same period last year[7]. - Net profit attributable to shareholders increased significantly by 135.76% to ¥13,389,256.07 from ¥5,679,271.45 year-on-year[7]. - The net profit after deducting non-recurring gains and losses surged by 1,828.74% to ¥11,453,615.73 compared to ¥593,840.54 in the previous year[7]. - The basic earnings per share rose by 136.00% to ¥0.0177 from ¥0.0075 in the same period last year[7]. - Net profit for the current period was ¥12,525,257.18, compared to ¥5,264,511.25 in the previous period, representing an increase of approximately 137%[39]. - The net profit attributable to the parent company was ¥13,389,256.07, up from ¥5,679,271.45, marking an increase of around 135%[39]. - The net profit for the first quarter of 2016 was CNY 28,510,389.59, a significant increase from CNY 11,338,496.36 in the same period last year, representing a growth of approximately 152.1%[43]. - The company reported a total profit of CNY 33,932,911.37, up from CNY 13,526,497.83, which is an increase of approximately 150.1%[43]. - The company’s total comprehensive income for the period was CNY 28,510,389.59, compared to CNY 11,338,496.36 in the same period last year, reflecting a growth of approximately 152.1%[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,580,113,424.47, an increase of 4.13% from ¥6,319,163,085.73 at the end of the previous year[7]. - Total assets increased to ¥6,703,975,469.67 from ¥6,370,326,319.64, showing a growth of approximately 5.22%[36]. - Total liabilities rose to ¥4,137,936,119.78 from ¥3,833,609,141.02, reflecting an increase of about 7.94%[36]. - The company's total equity reached ¥2,566,039,349.89, up from ¥2,536,717,178.62, indicating a growth of approximately 1.15%[36]. Cash Flow - The net cash flow from operating activities was negative at -¥6,102,862.47, a decrease of 107.60% compared to ¥80,337,311.94 in the same period last year[7]. - The cash flow from operating activities showed a net outflow of CNY -6,102,862.47, a decline from a net inflow of CNY 80,337,311.94 in the previous year[47]. - The total cash outflow from operating activities was 473,732,920.53 CNY, compared to 377,587,115.42 CNY in the previous year[51]. - The company reported a decrease in cash flow from operating activities, indicating potential challenges in operational efficiency[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 92,329[11]. - The largest shareholder, He Qinghua, holds 21.71% of the shares, amounting to 163,963,140 shares, with 122,972,355 shares pledged[11]. Tax and Receivables - Tax payable increased by 347.44% to ¥42,650,245.26 primarily due to an increase in value-added tax payable[16]. - The company received tax refunds amounting to ¥3,770,636.03, a 4063.95% increase, primarily from export tax rebates[16]. - Interest receivables decreased by 55.70% to ¥2,719,933.10 due to the recovery of interest[16]. - Accounts receivable rose significantly to ¥2,037,778,317.13 from ¥1,690,099,244.87, an increase of approximately 20.5%[34]. Operational Efficiency - Operating costs decreased to ¥403,402,365.52 from ¥417,149,562.56, reflecting a reduction of about 3.6%[38]. - The company reported a significant increase in asset impairment losses by 925.40% to ¥13,349,806.56 due to an increase in accounts receivable[16]. - Employee compensation payable decreased by 83.19% to ¥1,249,080.38 mainly due to the distribution of last year's year-end bonuses[16]. Investment Activities - Investment activities generated a net cash inflow of CNY 18,111,765.12, a turnaround from a net outflow of CNY -133,349,934.73 in the previous year[48]. - Cash inflow from investment activities was 35,093,748.00 CNY, a decrease from 316,680.00 CNY in the previous year[51]. - Cash outflow for investment activities was 9,079,022.99 CNY, down from 131,652,988.02 CNY year-over-year[51]. Acquisition - The company signed a formal share purchase agreement for the acquisition of 100% equity in Avmax Group Inc. in Canada[17]. Financial Auditing - The first quarter report was not audited, which may affect the reliability of the financial data presented[54].