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北化股份(002246) - 2016 Q1 - 季度财报
NCICNCIC(SZ:002246)2016-04-26 16:00

Financial Performance - The company's operating revenue for Q1 2016 was ¥252,161,538.89, a decrease of 32.06% compared to ¥371,173,345.05 in the same period last year[9] - Net profit attributable to shareholders was ¥8,967,184.08, an increase of 46.05% from ¥6,139,786.43 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥7,315,456.15, up 168.68% from ¥2,722,704.65 in the previous year[9] - Basic earnings per share increased to ¥0.0217, reflecting a growth of 46.62% compared to ¥0.0148 in the previous year[9] - Total profit increased by 2.94 million yuan, an increase of 38%; net profit attributable to the parent company increased by 2.83 million yuan, an increase of 46%[25] - The net profit attributable to shareholders for the first half of 2016 is expected to be between CNY 22.10 million and CNY 33.15 million, representing a year-on-year increase of 0.00% to 50.00%[36] - The increase in net profit is attributed to stable operating conditions for industrial pump products and a rise in sales prices and volumes of nitrocellulose products compared to the previous year[37] Cash Flow - The net cash flow from operating activities was ¥13,793,005.97, a significant improvement from a negative cash flow of ¥40,346,284.16 in the same period last year, representing a 134.19% increase[9] - Operating cash inflow for the quarter was CNY 149,641,096.76, down 41.2% from CNY 254,803,583.90 in the same period last year[60] - The total cash outflow from operating activities was CNY 135,848,090.79, down from CNY 295,149,868.06 in the previous year[60] - The company's cash and cash equivalents increased to CNY 116,700,318.30 from CNY 111,107,554.36, enhancing its cash position[44] - The company's cash and cash equivalents increased by CNY 3,813,308.97 during the quarter, compared to a decrease of CNY 57,232,652.34 in the previous year[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,592,426,776.88, a slight increase of 0.08% from ¥1,591,171,781.84 at the end of the previous year[9] - Current assets totaled CNY 843,020,131.27, compared to CNY 831,594,081.11 at the beginning of the period, indicating a growth in liquidity[44] - Total liabilities decreased to CNY 383,554,734.54 from CNY 392,799,440.32, indicating a reduction in financial obligations[46] - Total liabilities decreased to CNY 105,463,645.56 from CNY 114,740,343.67 in the previous year[50] - Owner's equity increased to CNY 1,081,292,187.06, compared to CNY 1,080,535,954.01 in the previous year[50] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,311[12] - The top shareholder, China North Industries Group Corporation, held 16.15% of the shares, amounting to 66,829,600 shares[12] - The company has received commitments from its shareholders to avoid any related party transactions that could harm the company’s interests[34] - The company’s controlling shareholders have guaranteed that they will not engage in any business that directly competes with the company’s operations[35] Business Operations - Operating revenue decreased by 119.01 million yuan, a decline of 32% compared to the same period last year; operating costs decreased by 130.11 million yuan, a decline of 40%[20] - Main business revenue decreased by 120.47 million yuan, a decline of 33%; main business costs decreased by 131.71 million yuan, a decline of 41%[20] - Excluding the revenue from the subsidiary Guangzhou Northern Chemical Co., main business revenue increased by 6.11 million yuan, an increase of 3% due to better market conditions for nitrocellulose-related products[20] - The company plans to continue focusing on cost control and efficiency improvements to enhance profitability in future quarters[54] Corporate Governance - The company is currently planning a major asset restructuring, with stock trading suspended since November 23, 2015[30] - The company has disclosed multiple updates regarding the progress of the major asset restructuring from November 2015 to March 2016[32] - The company has committed to avoiding any new or potential competition with its controlling shareholders, ensuring no direct or indirect engagement in competitive activities within China[33] - The company has made a commitment to manage related party transactions at fair market prices, adhering to legal and regulatory requirements[34] - The company has taken effective measures to prevent any competition between its subsidiaries and its controlling shareholders[35]