HAERS(SZ:002615)2016-04-22 16:00Financial Performance - The company's operating revenue for Q1 2016 was CNY 201,231,774.05, representing a 28.60% increase compared to CNY 156,481,744.87 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2016 was CNY 10,355,318.35, a 44.48% increase from CNY 7,167,060.76 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 9,900,377.63, up 35.71% from CNY 7,295,438.14 in the previous year[8]. - Net profit increased by 39% year-on-year, attributed to increased sales and a decrease in raw material costs leading to higher gross margins[6]. - The company expects net profit attributable to shareholders for the first half of 2016 to be between 20.71 million and 23.67 million yuan, compared to 14.79 million yuan in the same period of 2015[21]. - The total comprehensive income for the period was ¥9,242,413.08, compared to ¥7,167,060.76 in the previous year[39]. Cash Flow - The net cash flow from operating activities improved significantly to -CNY 7,009,864.72, a 76.63% improvement from -CNY 29,992,277.39 in the same period last year[8]. - Cash flow from operating activities increased by 76.63% year-on-year, mainly due to an increase in cash received from sales and advance payments[6]. - The company's cash flow from operating activities showed a net outflow, indicating ongoing challenges in maintaining positive cash flow despite increased revenues[46]. - The total cash and cash equivalents net increase for the period was -¥22,065,038.27, compared to -¥43,258,537.09 in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,087,458,417.27, a 22.26% increase from CNY 889,490,478.71 at the end of the previous year[8]. - The company's current assets totaled CNY 422,127,451.10, up from CNY 360,878,300.91, indicating an increase of about 16.9%[29]. - The total liabilities of the company were CNY 437,274,266.05, compared to CNY 248,548,740.57 at the beginning of the year, which is an increase of approximately 75.9%[31]. - Total liabilities increased to ¥201,716,061.14 from ¥170,469,816.48, indicating a rise of approximately 18.5%[38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,953[11]. - The company's net assets attributable to shareholders increased by 1.51% to CNY 646,733,241.13 from CNY 637,097,665.25 at the end of the previous year[8]. - Shareholder reduction in holdings was noted, which may impact future capital structure and investor sentiment[25]. Acquisitions and Investments - The company completed the acquisition of 100% of SIGG Switzerland Bottles AG for a total transaction price of CHF 16.1 million, with the deal finalized on March 23, 2016[16]. - Investment income decreased by 101.84% year-on-year, primarily due to a reduction in long-term equity investment income accounted for using the equity method[6]. - The company reported a financial expense of ¥621,016.21, a significant change from a financial income of ¥1,007,412.26 in the previous period[38]. - The company recorded an investment loss of ¥14,880.43, down from an investment gain of ¥810,627.50 in the previous year[38]. Operational Metrics - The basic earnings per share for Q1 2016 was CNY 0.05, reflecting a 25.00% increase from CNY 0.04 in the same period last year[8]. - Sales expenses increased by 47.56% year-on-year, mainly due to increased costs associated with e-commerce sales and Disney licensing fees[6]. - The company reported a significant increase in sales revenue from providing services, amounting to ¥195,212,769.37, compared to the previous period's figure of ¥138,491,007.44[44]. - The company paid ¥117,337,269.49 for purchasing goods and services, an increase from ¥100,502,085.36 in the previous period[44]. Inventory and Receivables - Accounts receivable increased by 31.18% compared to the beginning of the year, mainly due to the increase in receivables from international trade customers[6]. - Prepayments increased by 191.80% compared to the beginning of the year, primarily due to an increase in material payments and exhibition deposits[6]. - Inventory grew by 31.95% compared to the beginning of the year, driven by an increase in sales orders[6]. - Accounts receivable rose to CNY 135,623,522.49 from CNY 103,388,434.64, reflecting a growth of approximately 31.2%[29]. - Inventory increased to CNY 162,441,531.59 from CNY 123,107,335.36, marking a rise of about 31.9%[29]. Future Outlook - The company is focusing on expanding its market presence and exploring new product development strategies[25]. - The company has ongoing projects related to the Disney supply chain, indicating potential future revenue growth[25]. - The report indicates that the first quarter report was not audited, which may affect the reliability of the financial data presented[52].