WDM(SH:600055)2015-04-24 16:00Financial Performance - Operating revenue rose by 29.82% to CNY 112,616,216.78 year-on-year[5] - Net profit attributable to shareholders decreased by 35.15% to CNY -19,817,314.87 compared to the same period last year[5] - Basic earnings per share fell by 35.29% to CNY -0.092[5] - Total profit and net profit decreased by 35.53% and 35.66% year-on-year, respectively, mainly due to an increase in period expenses and a decrease in non-operating income[11] - The net loss for Q1 2015 was CNY 21,356,038.18, compared to a net loss of CNY 15,742,325.57 in the previous year, indicating a worsening of approximately 36%[26] - The company's operating revenue for Q1 2015 was CNY 95,170,509.89, representing a 28.4% increase from CNY 74,162,476.20 in the same period last year[28] - The net profit for Q1 2015 was a loss of CNY 11,365,863.43, compared to a loss of CNY 5,102,639.00 in Q1 2014, indicating a worsening performance[28] Cash Flow and Liquidity - Net cash flow from operating activities was CNY -111,341,412.58, worsening from CNY -75,670,149.17 in the previous year[5] - Cash and cash equivalents decreased by 60% compared to the beginning of the period, primarily due to payments for procurement of raw materials and tax payments[11] - The cash flow from operating activities showed a net outflow of CNY 111,341,412.58, which is a significant increase in losses compared to the outflow of CNY 75,670,149.17 in the previous year[30] - The total cash inflow from financing activities was CNY 189,500,000.00, while cash outflow was CNY 83,593,429.29, resulting in a net cash inflow of CNY 105,906,570.71[31] - Cash and cash equivalents at the end of Q1 2015 amounting to CNY 74,536,763.45, down from CNY 101,265,353.12 at the end of Q1 2014[31] - The net increase in cash and cash equivalents was negative at -$103,411,037.65, compared to -$72,791,491.68 in the previous period[35] Assets and Liabilities - Total assets increased by 2.34% to CNY 1,255,571,332.68 compared to the end of the previous year[5] - Current assets decreased to CNY 546,769,278.91 from CNY 628,098,028.22, a decline of approximately 13%[23] - Current liabilities remained relatively stable, totaling CNY 466,797,986.51 compared to CNY 467,200,981.28 at the start of the year[23] - Short-term borrowings increased by 33% compared to the beginning of the period, due to new bank loans during the period[11] - Long-term payables increased by 49.85 million yuan, primarily due to the company's efforts to broaden financing channels and utilize leasing leverage[11] Shareholder Information - The total number of shareholders reached 13,880 at the end of the reporting period[9] - Beijing Medical Group holds 51.51% of the shares, making it the largest shareholder[9] - The company completed the transfer of 111,501,000 shares to Yuyue Technology, making it the controlling shareholder[14] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[5] - Operating costs increased by 45% year-on-year, primarily due to the increase in operating revenue[11] - The gross profit margin for Q1 2015 was negative, with an operating profit of CNY -27,853,755.23 compared to CNY -23,768,178.03 in the previous year[24] - The company incurred total operating expenses of CNY 249,853,477.65, up from CNY 206,027,468.30 in the same period last year[30]