扬子新材(002652) - 2016 Q1 - 季度财报

Important Notice The company's board, supervisors, and senior management guarantee the accuracy and completeness of the quarterly report. - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[4] - All directors attended the board meeting that reviewed this quarterly report[5] - Company head Hu Weilin, chief accountant Xu Xiaonan, and head of accounting department Ban Pinshan declare that the financial statements in the quarterly report are true, accurate, and complete[5] Key Financial Data and Shareholder Changes This section details the company's key financial performance and shareholder structure changes during the reporting period. Key Accounting Data and Financial Indicators In Q1 2016, operating revenue grew 6.44% and net profit 28.90%, but net operating cash flow decreased 24.63%. Key Financial Indicators Year-on-Year Changes for Q1 2016 | Indicator | Current Period (yuan) | Prior Year (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 349,134,713.81 | 327,999,281.14 | 6.44% | | Net Profit Attributable to Shareholders of the Listed Company | 10,002,302.72 | 7,759,692.86 | 28.90% | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses | 9,930,092.56 | 7,864,185.20 | 26.27% | | Net Cash Flow from Operating Activities | 33,743,715.12 | 44,771,527.11 | -24.63% | | Basic Earnings Per Share | 0.03 | 0.02 | 50.00% | | Diluted Earnings Per Share | 0.03 | 0.02 | 50.00% | | Weighted Average Return on Net Assets | 1.65% | 1.29% | 0.36% | Balance Sheet Indicators Changes at Period End | Indicator | Current Period End (yuan) | Prior Year End (yuan) | Change from Prior Year End | | :--- | :--- | :--- | :--- | | Total Assets | 1,857,020,798.69 | 1,808,110,541.28 | 2.71% | | Net Assets Attributable to Shareholders of the Listed Company | 605,756,132.31 | 607,868,086.23 | -0.35% | Non-Recurring Gains and Losses Items and Amounts | Item | Amount from Year Start to Period End (yuan) | Notes | | :--- | :--- | :--- | | Government Grants Included in Current Profit and Loss | 96,204.21 | | | Other Non-Operating Income and Expenses Apart from the Above | -190.67 | | | Less: Income Tax Impact | 23,803.38 | | | Total | 72,210.16 | -- | Total Number of Shareholders and Top Ten Shareholders' Holdings at the End of the Reporting Period The company reported 23,895 common shareholders, with the largest shareholder holding 37.50%, mostly pledged. - The total number of common shareholders at the end of the reporting period was 23,895[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | Pledge or Freeze Status (Share Status/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Qinshuolai Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 37.50% | 120,000,000 | 0 | Pledged 116,500,000 | | Hu Weilin | Domestic Natural Person | 18.75% | 60,000,000 | 60,000,000 | Pledged 38,500,000 | | Gao Tianshu | Domestic Natural Person | 6.75% | 21,600,000 | 10,800,000 | Pledged 11,600,000 | | Xinyu Zhongtuo Investment Management Co., Ltd. | Domestic Non-State-Owned Legal Person | 3.73% | 11,936,000 | 0 | | | Lin ChanZhen | Domestic Natural Person | 0.65% | 2,093,200 | 0 | | | Bu Jiang | Domestic Natural Person | 0.46% | 1,471,500 | 1,471,500 | | | Liu Yushi | Domestic Natural Person | 0.44% | 1,411,279 | 0 | | | Xu Xiaonan | Domestic Natural Person | 0.36% | 1,163,624 | 1,163,624 | | | Yang Jianren | Domestic Natural Person | 0.33% | 1,053,750 | 1,053,750 | | | Jin Yueguo | Domestic Natural Person | 0.32% | 1,013,376 | 1,012,500 | | - The company is unaware of any related party relationships or concerted action situations among its major shareholders as defined by the 'Measures for the Administration of the Takeover of Listed Companies'[12] - The company's top 10 common shareholders and top 10 unrestricted common shareholders did not engage in agreed repurchase transactions during the reporting period[12] Significant Matters This section outlines significant changes in financial items, shareholder commitments, and future performance forecasts. Changes and Reasons for Major Accounting Statement Items and Financial Indicators During the Reporting Period Significant changes in financial items and indicators were primarily driven by subsidiary consolidation and other operational factors. - Cash and cash equivalents decreased by 46% year-on-year, primarily due to increased prepayments for materials[15] - Accounts receivable, prepayments, other receivables, inventories, construction in progress, deferred income tax assets, short-term borrowings, accounts payable, advances from customers, employee benefits payable, taxes payable, retained earnings, selling expenses, non-operating income, and income tax expense all significantly increased due to the consolidation of subsidiaries[15] - Construction in progress increased by 4802.62% year-on-year, employee benefits payable by 10969.46%, advances from customers by 486.01%, and short-term borrowings by 385.26%, primarily due to the consolidation of subsidiaries[15] - Business taxes and surcharges decreased by 47.68%, mainly due to a reduction in value-added tax payable[15] - Financial expenses decreased by 509.21%, primarily due to the inclusion of foreign exchange gains/losses from subsidiaries[15] - Asset impairment losses decreased by 1004.16%, mainly due to the reversal of inventory write-downs and the reversal of impairment provisions from subsidiaries[15] - Net cash flow from financing activities increased by 57.83%, primarily due to a decrease in cash paid for debt repayment compared to the previous year[15] Analysis and Explanation of Progress, Impact, and Solutions for Significant Matters No significant matters requiring disclosure of progress, impact, or solutions occurred during the reporting period. - The company had no explanations regarding the progress, impact, or solutions of significant matters during the reporting period[17] Commitments Fulfilled and Unfulfilled by the Company, Shareholders, Actual Controllers, Acquirers, Directors, Supervisors, Senior Management, or Other Related Parties During and as of the End of the Reporting Period Key shareholders and senior management are fulfilling long-term commitments regarding non-competition and related-party transactions. - Shareholders including Shanghai Qinshuolai Investment Co., Ltd., Hu Weilin, Gao Tianshu, and Xinyu Zhongtuo Investment Management Co., Ltd. commit not to directly or indirectly engage in businesses or activities competing with Yangzi New Materials, a long-term commitment currently being fulfilled[17] - Directors and senior management, including Hu Weilin, Bu Jiang, Xu Xiaonan, and Jin Yueguo, commit not to engage in self-operated or third-party businesses similar to the issuer, nor to make external investments conflicting with the issuer's interests, during their tenure and for six months post-resignation; this commitment is long-term and currently being fulfilled[18] - All company commitments are being fulfilled on time[18] Forecast of Operating Performance for January-June 2016 The company forecasts -10.00% to 40.00% YoY net profit growth for Jan-Jun 2016, influenced by domestic market and foreign subsidiary performance. Forecasted Net Profit Attributable to Shareholders for January-June 2016 | Indicator | Range | | :--- | :--- | | Change Percentage | -10.00% to 40.00% | | Change Range (million yuan) | 23.98 to 37.30 | | Net Profit for Jan-Jun 2015 (million yuan) | 26.64 | - Reasons for performance change: The domestic market is affected by the sustained global economic downturn, leading to reduced investment in downstream industries, impacting demand for organic coated board products and exacerbating industry supply-demand imbalances; the consolidation of foreign subsidiaries' performance will enhance the company's overall performance[19] Financial Assets Measured at Fair Value The company had no financial assets measured at fair value during the reporting period. - The company had no financial assets measured at fair value during the reporting period[20] Irregular External Guarantees The company had no irregular external guarantees during the reporting period. - The company had no irregular external guarantees during the reporting period[20] Non-Operating Funds Occupied by Controlling Shareholders and Their Related Parties from the Listed Company No non-operating funds were occupied by controlling shareholders or related parties during the reporting period. - The company had no non-operating funds occupied by controlling shareholders or their related parties during the reporting period[21] Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period The company did not host any research, communication, or interview activities during the reporting period. - The company did not host any research, communication, or interview activities during the reporting period[22]