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华源控股(002787) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥199,839,194.39, representing a 4.61% increase compared to ¥191,025,961.63 in the same period last year[8]. - Net profit attributable to shareholders was ¥28,574,162.87, an increase of 84.94% from ¥15,450,496.08 year-on-year[8]. - Basic earnings per share rose to ¥0.20, up 33.33% from ¥0.15 in the same period last year[8]. - Operating profit rose to 28,805,280.99 from 18,380,160.78, marking an increase of approximately 56.5%[45]. - Net profit for the current period is 28,574,162.87, up from 15,450,496.08, representing an increase of around 85.0%[45]. - The net profit attributable to shareholders for the first half of 2016 is expected to be between 43.72 million and 63.60 million RMB, representing a change of 10% to 60% compared to 39.75 million RMB in the same period of 2015[28]. Cash Flow - The net cash flow from operating activities reached ¥89,867,733.67, a significant increase of 2,359.64% compared to a negative cash flow of ¥3,808,520.00 in the previous year[8]. - The net cash flow from operating activities for the period is ¥89,867,733.67, an increase of 2,359.65% compared to the same period last year, driven by increased customer payments and reduced raw material procurement costs[17]. - Cash flow from operating activities reached 267,003,801.14, compared to 204,916,273.91 in the previous period, an increase of approximately 30.1%[52]. - Net cash flow from operating activities was CNY 22,628,643.85, recovering from a loss of CNY 16,835,914.19 in the same period last year[57]. - The company reported a total cash inflow from operating activities of CNY 283,190,265.12, compared to CNY 217,217,897.01 in the previous period[54]. - Total cash outflow from operating activities was CNY 193,322,531.45, a decrease from CNY 221,026,417.01 last year[54]. Assets and Liabilities - Total assets decreased by 13.53% to ¥1,121,685,631.70 from ¥1,297,239,046.81 at the end of the previous year[8]. - The total current assets decreased from 919,484,387.45 to 732,620,336.55, a decline of approximately 20.3%[36]. - Total liabilities decreased from 387,837,847.76 to 183,711,042.93, a decline of approximately 52.7%[38]. - Current liabilities decreased from 334,134,035.33 to 165,262,230.50, a reduction of about 50.5%[38]. - The total non-current assets increased from 377,754,659.36 to 389,065,295.15, an increase of about 3.5%[37]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,450[12]. - The largest shareholder, Li Zhichong, holds 44.18% of the shares, totaling 62,209,916 shares[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. Stock Price Stabilization Measures - The company plans to implement stock price stabilization measures if the stock price falls below 120% of the net asset value for five consecutive trading days[23]. - The total amount for stock repurchase will not be less than 10% of the audited net profit from the previous fiscal year, and the annual repurchase amount will not exceed 50% of the audited net profit[23]. - The controlling shareholders and senior management are required to use at least 20% of their cash dividends from the company for stock purchases to stabilize the stock price[24]. - The company will hold investor meetings within 10 trading days if the stock price falls below the net asset value for five consecutive trading days[23]. - The company’s stock price stabilization measures will be activated if the stock price falls below the net asset value for 20 consecutive trading days[23]. - The company’s stockholders are restricted from transferring their shares during the stabilization period unless approved by the general meeting[24]. Expenses - Management expenses for the period amount to ¥17,238,970.15, an increase of 42.37% compared to the same period last year, mainly due to increased R&D expenses and conference costs[16]. - Sales expenses increased to 7,172,894.72 from 6,791,861.24, showing a rise of about 5.6%[45]. - Financial expenses decreased significantly to 909,697.53 from 3,068,966.54, a reduction of about 70.4%[45]. Other Financial Information - The company reported non-recurring gains and losses totaling ¥5,093,684.91 for the period[9]. - The income tax expense for the period is ¥6,328,615.57, an increase of 120.01% compared to the same period last year, mainly due to the increase in total profit and corresponding tax provisions[16]. - The company reported no violations regarding external guarantees during the reporting period[29]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[30]. - The company has not engaged in any research, communication, or interview activities during the reporting period[31].