SSI(SZ:002742)2016-04-26 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥308,012,656.77, representing a 6.80% increase compared to ¥288,413,428.47 in the same period last year[8] - Net profit attributable to shareholders was ¥25,725,812.09, an increase of 8.00% from ¥23,820,127.94 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥25,815,062.09, reflecting an 8.37% increase compared to the previous year[8] - Basic earnings per share increased to ¥0.18, up 5.88% from ¥0.17 in the previous year[8] - The net profit attributable to shareholders for the first half of 2016 is expected to range from 57.06 million to 62.49 million CNY, representing a growth of 5.00% to 15.00% compared to the same period in 2015[24] - The net profit for the first half of 2015 was 54.34 million CNY, indicating a positive performance trend for 2016[24] - The increase in net profit is attributed to the growth in the scale of main business operations and a higher proportion of revenue from subsidiaries and leasing production[24] Cash Flow and Assets - The net cash flow from operating activities was -¥13,918,853.17, showing a 26.28% improvement from -¥18,880,275.13 in the same period last year[8] - Total assets at the end of the reporting period were ¥2,141,353,385.41, a slight increase of 0.04% from ¥2,140,570,969.44 at the end of the previous year[8] - Net assets attributable to shareholders rose to ¥1,251,200,580.87, marking a 2.18% increase from ¥1,224,566,070.28 at the end of the previous year[8] - Cash and cash equivalents decreased by 103.13% from ¥552,105,340.49 to -¥17,260,598.79 mainly due to funds raised from the IPO in the previous period[16] - The net cash flow from investment activities showed a significant increase of 932.82% to -¥70,001,070.04 due to investments in fundraising projects and the Lanzhou subsidiary[16] Shareholder Information - The company had a total of 14,131 common shareholders at the end of the reporting period[12] - The largest shareholder, Pan Xianwen, held 49.94% of the shares, with 71,907,523 shares, of which 71,098,303 were pledged[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Receivables and Payables - Accounts receivable decreased by 98.28% from ¥108,759,245.19 to ¥1,866,567.29 due to the endorsement transfer payment of receivables[16] - Other receivables increased by 66.39% from ¥7,751,136.08 to ¥12,897,282.11 mainly due to project bidding deposits[16] - Prepaid accounts increased by 163.67% from ¥15,472,225.87 to ¥40,794,926.99 as the company prepaids to secure procurement price advantages[16] Investments and Expenses - Construction in progress rose by 39.66% from ¥120,741,693.94 to ¥168,623,100.27 due to investments in fundraising projects and the Lanzhou subsidiary[16] - Short-term borrowings increased by 51.18% from ¥325,450,000.00 to ¥492,000,000.00 primarily due to increased bank loans[16] - Management expenses increased by 46.20% from ¥17,657,445.03 to ¥25,814,783.93 mainly due to growth in employee salaries and benefits[16] - Financial expenses decreased by 37.23% from ¥8,916,986.07 to ¥5,597,148.32 due to lower loan interest rates and reduced domestic letter of credit payment ratios[16] Strategic Developments - The company is planning a major asset restructuring involving the acquisition of 88% equity in Chongqing Chunrui Pharmaceutical Chemical Co., Ltd. through a combination of share issuance and cash payment[18]