CRUN(SZ:002272)2016-04-26 16:00Revenue and Profit - Revenue for Q1 2016 was CNY 127,936,873.98, a decrease of 27.63% compared to CNY 176,785,047.85 in the same period last year[9] - Net profit attributable to shareholders was CNY 728,893.31, down 69.76% from CNY 2,410,673.10 year-on-year[9] - Operating income decreased by 27.63%, with the overall gross margin declining from 17.54% to 16.90%, a drop of 0.64 percentage points[22] - The total profit for the company was 648,461.12 yuan, a decrease of 73.18% year-on-year; net profit was 728,893.31 yuan, down 69.76% year-on-year, primarily due to a decline in operating profit and an increase in net non-operating income[25] - The total operating revenue for the first quarter was CNY 127,936,873.98, compared to CNY 176,785,047.85 in the previous period[53] - The net profit for the first quarter was CNY 728,893.31, a decrease from CNY 2,410,673.10 in the same period last year[55] - The total comprehensive income for the first quarter was CNY 728,893.31, down from CNY 2,410,673.10 in the previous period[59] Cash Flow and Operating Activities - Net cash flow from operating activities was CNY -935,946.13, an improvement of 97.15% compared to CNY -32,874,189.68 in the previous year[9] - Cash received from sales of goods and services increased by 66.66% year-on-year, mainly due to an increase in cash payments received during the reporting period[26] - Cash paid for purchasing goods and services increased by 55.88% year-on-year, attributed to higher cash payments for goods and prepayments for material purchases[29] - Cash paid to employees decreased by 35.25% year-on-year, due to economic layoffs implemented in the second half of 2015, resulting in reduced employee compensation payable[29] - Cash received from tax refunds decreased by 100.00% year-on-year, as there were export tax rebates in the same period last year[27] - Cash received from other operating activities decreased by 40.57% year-on-year, primarily due to a reduction in the recovery of other receivables during the reporting period[28] - The company reported a cash inflow from operating activities of CNY 133,934,624.13, compared to CNY 89,646,493.57 in the previous period[61] - Total cash outflow from operating activities amounted to 134,870,570.26 CNY, up from 122,520,683.25 CNY in the previous period[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,674,228,086.19, a decrease of 3.68% from CNY 1,738,139,631.53 at the end of the previous year[9] - Total liabilities decreased from CNY 585,055,178.44 to CNY 520,414,739.79, a reduction of about 11.0%[47] - The company's cash and cash equivalents increased from CNY 54,564,018.23 to CNY 61,340,235.32, representing an increase of approximately 12.9%[49] - The accounts receivable decreased from CNY 21,076,394.68 to CNY 20,077,209.02, a decline of about 4.7%[49] - The inventory increased significantly from CNY 255,644.44 to CNY 1,013,834.54, indicating a rise of approximately 296.5%[49] - The company's equity attributable to shareholders increased slightly from CNY 1,153,084,453.09 to CNY 1,153,813,346.40[48] Expenses and Financial Performance - Financial expenses rose by 109.96%, mainly due to reduced interest expenses on project funding[22] - Sales expenses for the first quarter were CNY 24,526.46, significantly lower than CNY 114,953.62 in the previous period[58] - Management expenses decreased to CNY 2,861,611.95 from CNY 4,355,084.16 in the previous period[58] - The company recorded an asset impairment loss of CNY -1,802,592.31, an improvement from CNY -2,658,850.90 in the previous period[58] Future Outlook - The company expects a net loss of between -10 million to -5 million yuan for the first half of 2016, compared to a net profit of 4.7588 million yuan in the same period of 2015, due to anticipated declines in sales revenue[37]