泰和新材(002254) - 2016 Q1 - 季度财报

Financial Performance - Revenue for Q1 2016 was CNY 327,266,536.17, a decrease of 6.15% compared to CNY 348,726,177.10 in the same period last year[6] - Net profit attributable to shareholders was CNY 19,281,990.36, down 12.90% from CNY 22,137,545.79 year-on-year[6] - The net profit attributable to shareholders for the first half of 2016 is expected to be between 28 million and 45 million yuan, representing a decrease of 49.74% to 19.22% compared to the same period in 2015[15] - The net profit for the first half of 2015 was 55.71 million yuan, indicating a significant decline in profitability due to intensified competition in the spandex industry and a year-on-year drop in product prices[15] - The weighted average return on equity decreased by 0.19 percentage points to 0.99% from 1.18%[6] Cash Flow and Assets - Net cash flow from operating activities increased by 418.86% to CNY 39,805,905.42, compared to CNY 7,671,807.63 in the previous year[6] - Cash and cash equivalents increased by 36.68% due to the maturity of structured deposits[12] - Total assets decreased by 1.63% to CNY 2,516,039,537.71 from CNY 2,557,720,523.88 at the end of the previous year[6] - The company reported a 307.64% increase in cash received related to operating activities[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,190[8] - The largest shareholder, Yantai Taihe New Materials Group Co., Ltd., held 36.32% of the shares, totaling 221,868,000 shares[8] Operational Insights - Sales expenses increased by 52.56% primarily due to higher freight costs[12] - The company is not involved in any non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[16] - The company has conducted multiple on-site research and communication activities with institutions during the reporting period, indicating proactive engagement with investors[16]