2016-04-20-深交所-天马股份_2016年第一季度报告正文_9页_182kb

Summarization of 天马轴承集团股份有限公司 2016年第一季度报告

Financial Highlights

• Revenue: Decreased by 2.81% to RMB 519 million compared to RMB 534 million.
• Net Profit: Attributable to shareholders fell by 42.52% to RMB 11.9 million. After adjusting for non-recurring items, a net loss of RMB 11.67 million occurred.
• Key Causes: Market conditions worsened, leading to lower sales and profitability; a large government grant provided a non-recurring benefit.

Capital and Shareholder Matters

• Non-public stock issuance was terminated in April 2016 due to changes in the market environment.
• An employee holding plan acquired 11.325 million shares, representing 0.95% of the total share capital.

Outlook

• Expected net profit decline of 30% to 20% for the first half of 2016 due to ongoing unfavorable market conditions.