建新股份(300107) - 2016 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2016 was CNY 96,307,932.95, an increase of 2.38% compared to CNY 94,069,496.14 in the same period last year[9]. - Net profit attributable to shareholders decreased by 23.14% to CNY 4,612,249.84 from CNY 6,001,123.45 year-on-year[9]. - Net profit after deducting non-recurring gains and losses fell by 36.79% to CNY 3,820,068.17 compared to CNY 6,043,623.45 in the previous year[9]. - Basic and diluted earnings per share dropped by 68.18% to CNY 0.007 from CNY 0.022 in the same period last year[9]. - The total profit for the period was ¥5,415,285.80, a decrease of 27.66% year-on-year, mainly due to reduced operating profit[22]. - The total operating revenue for the first quarter was ¥96.30 million, a year-on-year increase of 2.38%[24]. - The net profit for the first quarter was ¥461.22 million, a decrease of 23.14% year-on-year[24]. - The total comprehensive income attributable to the parent company was CNY 4,612,249.84, a decrease of 23.1% compared to CNY 6,001,123.45 in the previous year[46]. Cash Flow and Assets - Net cash flow from operating activities increased significantly by 107.72% to CNY 30,591,731.72 from CNY 14,727,483.32 year-on-year[9]. - The ending balance of cash and cash equivalents was ¥119,134,666.13, an increase of 38.44% compared to the beginning of the period, mainly due to increased sales receipts[21]. - The total assets at the end of the quarter were CNY 956,151,289.66, compared to CNY 944,945,588.25 at the beginning of the year, showing a slight increase of 1.3%[43]. - The company's cash and cash equivalents increased to CNY 119,134,666.13 from CNY 86,057,763.77, representing a growth of 38.4%[40]. - The cash flow from operating activities generated a net amount of CNY 30,591,731.72, significantly higher than CNY 14,727,483.32 in the previous year, indicating a growth of 107.5%[49]. Liabilities and Equity - The total liabilities increased to CNY 50,156,184.85 from CNY 48,087,456.93, reflecting a rise of 4.3%[42]. - The company's equity attributable to shareholders rose to CNY 905,995,104.81 from CNY 896,858,131.32, an increase of 1.3%[43]. Market and Operational Risks - The company faces macroeconomic risks due to slow global economic recovery affecting international market demand[12]. - There is a risk of market fluctuations impacting export volumes due to tightening environmental regulations affecting domestic downstream customers[12]. - The company reported that production loads for various products were lower than expected, leading to higher costs and unmet revenue expectations[31]. Investment and Projects - The total amount of raised funds is CNY 604.07 million, with CNY 1.74 million invested in the current quarter[30]. - Cumulative investment of raised funds reached CNY 561.70 million, with no changes in usage reported[30]. - The company has a commitment to invest in projects, with a completion rate of 99.99% for the annual production of 4,000 tons of acid and 5,000 tons of chloroethane[30]. - The company plans to use CNY 156 million for the construction of a new 16,000 tons/year aniline sulfonic acid project, with CNY 155.99 million already utilized[31]. - A new 12.5 tons/hour MVR evaporation device project has a planned investment of CNY 25 million, with CNY 14.04 million already spent[31]. Inventory and Receivables - The ending balance of inventory was ¥44,117,819.59, a decrease of 31.18% compared to the beginning of the period, mainly due to reduced inventory of finished goods[21]. - Accounts receivable rose to CNY 64,569,571.74 from CNY 59,701,660.57, marking an increase of 8.3%[40]. - The ending balance of other receivables was ¥4,011,173.71, a decrease of 54.30% compared to the beginning of the period, mainly due to reduced receivables from equity incentive payments[21].