THGW(SH:600365)2016-04-28 16:00Financial Performance - Operating revenue increased by 67.73% to CNY 174,592,042.12 year-on-year[8] - Net profit attributable to shareholders decreased by 26.88% to CNY 1,954,534.63 compared to the same period last year[8] - The company reported a basic earnings per share of CNY 0.01, unchanged from the previous year[8] - The net profit after deducting non-recurring gains and losses decreased by 15.92% to CNY 2,248,086.22[8] - Net profit for Q1 2016 was CNY 5,160,124.55, a decrease of 20.3% from CNY 6,472,343.19 in Q1 2015[30] - Operating revenue for Q1 2016 was CNY 19,653,370.84, a decrease of 9.2% compared to CNY 21,646,380.40 in the same period last year[34] - Operating profit for Q1 2016 was CNY 738,288.75, a significant improvement from a loss of CNY 1,581,613.75 in Q1 2015[34] - Net profit for Q1 2016 reached CNY 498,761.10, compared to a net loss of CNY 1,581,718.75 in the previous year[34] Assets and Liabilities - Total assets decreased by 3.88% to CNY 982,700,460.47 compared to the end of the previous year[8] - Total liabilities amounted to CNY 212,095,802.47, a decrease of 17.5% from CNY 256,928,238.37 at the beginning of the year[24] - The company's equity attributable to shareholders was CNY 688,976,653.54, slightly up from CNY 687,022,118.91 at the beginning of the year[24] - Cash and cash equivalents decreased to CNY 89,302,813.53 from CNY 149,908,139.29 at the beginning of the year[26] Cash Flow - Net cash flow from operating activities was negative at CNY -60,039,081.79, compared to CNY -13,996,083.42 in the previous year[8] - Cash flow from operating activities showed a net outflow of CNY 60,039,081.79, worsening from a net outflow of CNY 13,996,083.42 in the same period last year[37] - The net cash flow from operating activities was -60,605,325.76 RMB, a decline from -25,514,007.82 RMB in the previous period, indicating a worsening cash flow situation[41] - Total cash inflow from operating activities was 27,412,644.99 RMB, down 78.8% from 129,409,710.62 RMB in the prior period[41] - Cash outflow from operating activities totaled 88,017,970.75 RMB, a decrease of 43.2% compared to 154,923,718.44 RMB in the previous period[41] Shareholder Information - The number of shareholders reached 21,628 at the end of the reporting period[12] - The largest shareholder, Jilin Province Jixiang Jiade Investment Co., Ltd., holds 10.71% of the shares[12] Receivables and Inventory - Accounts receivable increased by 100.00% to CNY 914,800 due to the receipt of acceptance bills[14] - Prepayments rose by 57.98% to CNY 161,171,862, primarily due to increases in subsidiaries' balances[14] - Other receivables surged by 249.31% to CNY 95,190,674.90, driven by increased business with clients[14] - Inventory decreased by 36.69% to CNY 172,262,530.46, as most stock prepared for the previous year's Spring Festival was sold[15] Operating Costs and Expenses - Operating costs rose by 105.02% to CNY 148,616,986.39, reflecting the increase in operating revenue[16] - Sales expenses decreased by 40.46% to CNY 8,569,606.69, as two subsidiaries were sold in the previous year[18] - Management expenses decreased significantly to CNY 3,552,052.19 from CNY 6,490,530.57 year-over-year[34]