贵州轮胎(000589) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥989,363,986.04, a decrease of 7.29% compared to ¥1,067,216,468.04 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥6,537,151.61, representing a decline of 115.09% from a profit of ¥43,330,119.48 in the previous year[5] - The net cash flow from operating activities was negative at ¥181,588,347.25, a decrease of 179.91% compared to ¥227,246,302.80 in the same period last year[5] - The weighted average return on net assets was -0.19%, down from 1.14% in the previous year[6] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,750,476,532.73, an increase of 5.14% from ¥11,175,733,874.86 at the end of the previous year[6] - Other payables surged by 329.05% to ¥262,332,161.16, attributed to received payments for transshipment trade[16] Income and Expenses - Government subsidies recognized as other income increased by 553.33% compared to the previous year, contributing to the overall financial performance[19] - Income tax expenses decreased by CNY 7,522,998.86, a reduction of 95.86%, primarily due to losses incurred during the period[12] - The company experienced a 50.26% increase in financial expenses, largely due to exchange losses from currency fluctuations[18] Cash Flow - Cash received from other operating activities decreased by CNY 237,181,070.36, a decrease of 98.26%, primarily due to the collection of trade margin guarantees in the previous year[14] - Cash paid for purchasing goods and accepting services increased by CNY 266,935,486.38, an increase of 42.12%, mainly due to the payment of maturing acceptance bills[22] - Cash paid for various taxes decreased by CNY 19,135,000.85, a decrease of 43.61%, primarily due to a reduction in VAT payments compared to the previous year[23] - Cash received from other investment activities increased by CNY 2,764,723.84, with the previous year's figure being 0, mainly due to interest received from structured deposits[26] - Cash paid for acquiring fixed assets, intangible assets, and other long-term assets increased by CNY 60,665,291.38, an increase of 113.95%, primarily due to the payment of maturing acceptance bills[26] - Cash received from borrowings increased by CNY 688,337,328.87, an increase of 90.04%, primarily due to an increase in borrowings compared to the previous year[27] - The impact of exchange rate changes on cash and cash equivalents increased by CNY 8,269,583.44, an increase of 149.64%, mainly due to changes in the RMB exchange rate affecting foreign currency assets[27] Other Financial Metrics - The company reported a significant increase in prepayments, which rose by 87.56% to ¥234,126,022.89, mainly due to payments for transshipment trade[12] - Interest receivables increased by 50.81% to ¥17,072,100.00, primarily due to accrued interest on structured deposits[13] - Other comprehensive income after tax increased by CNY 5,518,775.11, an increase of 1276.43%, mainly due to changes in the RMB exchange rate affecting foreign currency translation differences[13] Future Plans - The company is in negotiations with the Guiyang Land and Mineral Resources Reserve Center regarding the storage of land from the old factory area, with a total price not less than CNY 1.4 billion[28]