通达动力(002576) - 2016 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2016 was CNY 161,434,995.36, a decrease of 7.80% compared to CNY 175,098,728.93 in the same period last year[9] - Net profit attributable to shareholders was a loss of CNY 1,961,763.93, representing a decline of 267.57% from a profit of CNY 1,170,709.18 in the previous year[9] - Total profit decreased by 242.48% compared to the same period last year, primarily due to a decline in product prices and insufficient orders leading to reduced gross margins[16] - Basic earnings per share decreased by 200.00% compared to the same period last year, primarily due to the reduction in profit[13] - Net profit for Q1 2016 was a loss of CNY 2.95 million, compared to a profit of CNY 1.25 million in Q1 2015, representing a significant decline[38] - Total comprehensive income for Q1 2016 was ¥543,859.12, significantly lower than ¥2,675,271.18 in the previous year[43] Cash Flow - Net cash flow from operating activities was a negative CNY 13,958,067.77, down 157.74% from CNY 24,173,861.11 in the same period last year[9] - Cash received from sales of products and services increased by 34.99% compared to the same period last year, mainly due to an increase in cash recovered from maturing notes receivable[14] - Cash received from other operating activities increased by 1,168.57% compared to the same period last year, primarily due to increased inter-company transactions and government subsidies[15] - Cash paid for purchasing goods and accepting services increased by 65.29% compared to the same period last year, mainly due to an increase in advance payments for material and equipment purchases[16] - Cash paid to employees and for employee benefits increased by 87.47% compared to the same period last year, primarily due to increased wages and benefits[17] - Cash paid for various taxes increased by 44.87% compared to the same period last year, mainly due to increased value-added tax and income tax payments[18] - The company reported a significant increase in cash outflows related to operating activities, totaling ¥382,891,917.36 compared to ¥133,897,578.45 in the previous year[46] - The net cash flow from operating activities was -$14.62 million, a decrease from $26.21 million in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,098,947,675.79, a decrease of 0.99% from CNY 1,109,976,222.75 at the end of the previous year[9] - The company's total assets increased to CNY 995.70 million from CNY 945.14 million at the beginning of the year, reflecting a growth of 5.3%[34] - Current assets rose to CNY 401.22 million, up 13.2% from CNY 354.37 million at the start of the year[33] - The total liabilities decreased to CNY 214.75 million from CNY 223.55 million, a reduction of 3.6%[32] - The equity attributable to shareholders of the parent company was CNY 848.92 million, slightly down from CNY 851.13 million[32] - Cash and cash equivalents decreased to CNY 72.05 million from CNY 96.73 million, a decline of 25.6%[33] Investments and Subsidies - Long-term equity investments increased by 100.00% due to investments in Tianjin Qingyan Zhisu Technology Co., Ltd.[16] - Government subsidies recognized in the current period amounted to CNY 4,347,400.00, contributing to a significant increase in non-operating income[10] - Cash received from investment recoveries decreased by 99.04% compared to the same period last year, primarily due to purchased financial products not maturing[20] - Cash received from investment income decreased by 96.25% compared to the same period last year, mainly due to purchased financial products not maturing and no interest income being received[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,982[12] Operating Costs - Total operating costs for Q1 2016 were CNY 169.35 million, down 6.1% from CNY 180.44 million year-over-year[37] - The company incurred operating costs of ¥61,240,961.19, which is a reduction from ¥95,743,309.90 in the same period last year[41] - Management expenses decreased to ¥6,372,624.50 from ¥10,536,950.49 year-on-year, indicating a cost-cutting effort[41] Expectations - The company expects a net loss of between -6.5 million to -3.5 million yuan for the first half of 2016, compared to a net profit of 3.06 million yuan in the same period last year[22] Audit Information - The company did not conduct an audit for the first quarter report[51]