HBP(SZ:002554)2016-04-21 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥209,107,067.46, a decrease of 35.45% compared to ¥323,957,277.44 in the same period last year[7]. - Net profit attributable to shareholders increased by 4.47% to ¥27,754,163.93 from ¥26,565,790.77 year-on-year[7]. - Basic and diluted earnings per share decreased by 16.67% to ¥0.05 from ¥0.06 year-on-year[7]. - The company reported a 35.45% decrease in operating income primarily due to downstream customers using heavy oil to reduce costs instead of natural gas[16]. - The net profit attributable to shareholders for the first half of 2016 is expected to range from 6,904.76 to 8,976.19 million CNY, representing a growth of 0.00% to 30.00% compared to the same period in 2015[26]. - The company anticipates steady growth in overall performance for the first half of 2016, although there is uncertainty due to potential project delays affecting revenue recognition[27]. Cash Flow - The net cash flow from operating activities was negative at ¥-147,763,120.54, a decline of 494.13% compared to ¥-24,870,436.38 in the previous year[7]. - Operating cash inflow decreased by 43.62% compared to the same period last year, mainly due to delays in overseas project payments[17]. - Operating cash outflow decreased by 9.22% compared to the same period last year, primarily due to reduced cash payments for goods and services[17]. - Investment cash inflow decreased by 99.15% compared to the same period last year, mainly due to the recovery of external loans by subsidiaries in the previous year[17]. - Investment cash outflow decreased by 53.57% compared to the same period last year, primarily due to reduced cash payments for fixed assets, intangible assets, and other long-term assets[17]. - Financing cash inflow decreased by 51.59% compared to the same period last year, mainly due to the previous year's non-public stock issuance[17]. - Financing cash outflow decreased by 63.08% compared to the same period last year, primarily due to the repayment of loans to major shareholders in the previous year[18]. Assets and Shareholder Information - Total assets at the end of the reporting period were ¥3,239,631,420.76, an increase of 0.45% from ¥3,225,124,773.21 at the end of the previous year[7]. - The number of ordinary shareholders at the end of the reporting period was 34,749[11]. Non-Operating Income and Expenses - The company experienced a 111.08% increase in non-operating income due to increased VAT refunds from subsidiaries[16]. - Financial expenses decreased by 32.27% compared to the previous year, as the company repaid loans from major shareholders[16]. Sales Revenue and Accounts Receivable - The company confirmed sales revenue of 51,261.92 million RMB from a major contract with CNOOC Iraq, with accounts receivable of 21,073.86 million RMB[19]. - The company confirmed sales revenue of 20,191.86 million RMB from another contract with CNOOC Iraq, with accounts receivable of 4,071.81 million RMB[19]. - The company confirmed sales revenue of 14,426.68 million RMB from a supply contract with EMIR-OIL, LLC, with accounts receivable of 10,404.46 million RMB[20]. - The company confirmed sales revenue of 7,490.10 million RMB from a gas processing project contract in Pakistan, with accounts receivable of 7,490.10 million RMB[21]. Corporate Governance - There are no reported violations regarding external guarantees during the reporting period[28]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[29]. - The company conducted an investor relations activity on January 19, 2016, to engage with institutional investors[30].