HSSM(SZ:002290)2016-04-29 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥226,124,041.72, a decrease of 21.49% compared to ¥288,007,574.77 in the same period last year[8] - Net profit attributable to shareholders was ¥7,119,092.24, down 30.97% from ¥10,312,610.78 year-on-year[8] - Basic and diluted earnings per share were both ¥0.03, a decrease of 40.00% from ¥0.05 in the same period last year[8] - Operating profit for the current period is 7,058,821.28, down from 11,731,311.98 in the previous period, reflecting a decline of approximately 40.2%[36] - Net profit for the current period is 7,119,092.24, compared to 10,312,610.78 in the previous period, which is a decrease of around 30.5%[36] - The company reported a total profit of 8,423,207.05 for the current period, down from 13,035,317.78 in the previous period, indicating a decrease of approximately 35.5%[36] Cash Flow - The net cash flow from operating activities was -¥48,599,939.72, representing a decline of 64.19% compared to -¥29,599,183.92 in the previous year[8] - The cash flow from operating activities for the previous period was 202,567,761.62, down from 211,932,771.80, indicating a decrease of about 4.4%[43] - The net cash flow from operating activities was -48,599,939.72 CNY, compared to -29,599,183.92 CNY in the previous period, indicating a decline in operational performance[44] - Total cash inflow from operating activities was 205,077,197.63 CNY, while cash outflow was 253,677,137.35 CNY, resulting in a net cash outflow of 48,599,939.72 CNY[44] - The company recorded a net cash flow from investing activities of -7,883,724.11 CNY, a significant decrease from 3,992,890.84 CNY in the previous period[45] - The company reported a total operating cash inflow of 181,371,550.19 CNY, down from 205,528,294.46 CNY in the previous period[48] - The net cash flow from operating activities improved to 27,295,724.92 CNY from -27,648,331.79 CNY in the previous period, indicating a recovery in operational cash generation[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,449,788,552.36, an increase of 8.57% from ¥1,335,363,522.48 at the end of the previous year[8] - Current assets increased to CNY 1,023,657,172.77 from CNY 904,422,125.43, representing a growth of approximately 13.2%[27] - Total liabilities increased to CNY 606,388,234.09 from CNY 499,082,296.45, marking an increase of about 21.6%[29] - Total current liabilities increased to CNY 584,915,910.69 from CNY 476,684,350.67, representing a growth of approximately 22.7%[29] - Short-term borrowings rose significantly to CNY 220,000,000.00 from CNY 120,000,000.00, an increase of 83.3%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,163[11] - The largest shareholder, Zhao Dongming, holds 29.80% of the shares, totaling 62,784,550 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Operational Challenges - Net profit decreased by 30.97% to 7,119,092.24 primarily due to a decline in operating income[15] - Operating cash flow decreased by 64.19% to -48,599,939.72 mainly due to payments for factoring[15] - The company anticipates that rising raw material prices will negatively impact revenue and profit margins in the upcoming periods[20] Other Financial Metrics - Financial expenses increased by 250.72% to 2,252,318.35 due to higher short-term borrowings and exchange losses[15] - Sales expenses for the current period are 6,748,466.07, compared to 7,653,748.83 in the previous period, showing a reduction of about 11.8%[36] - Management expenses decreased to 14,195,132.40 from 16,256,434.39 in the previous period, a decline of approximately 12.7%[36] - The company recorded a financial expense of 2,252,318.35 for the current period, compared to a financial income of -1,494,326.42 in the previous period[36] Government Support - The company received government subsidies amounting to ¥1,315,440.78 during the reporting period[9] Audit Status - The company did not conduct an audit for the first quarter report[50]