SDIC Capital(SH:600061)2016-04-21 16:00Financial Performance - Total revenue for the quarter was CNY 2.44 billion, down 36.63% from CNY 3.85 billion in the same period last year[6]. - Net profit attributable to shareholders was CNY 646.54 million, a decrease of 1.86% compared to CNY 658.76 million in the previous year[6]. - Basic earnings per share fell by 30.77% to CNY 0.18 from CNY 0.26 in the same quarter last year[6]. - The company's operating revenue for the current period was RMB 221,679,059.69, a decrease of RMB 737,098,729.50 or 76.88% compared to the previous period[14]. - Total operating revenue for Q1 2016 was CNY 2,440,859,462.70, a decrease of 36.4% compared to CNY 3,851,464,930.49 in the previous year[35]. - Net profit for Q1 2016 was CNY 646,333,691.96, a decrease of 18.5% compared to CNY 792,817,579.33 in the same period last year[36]. - The company reported a significant other comprehensive loss of CNY 754,942,240.70 for Q1 2016, compared to a gain of CNY 90,728,668.51 in the previous year[36]. Cash Flow and Assets - Operating cash flow turned negative at CNY -6.27 billion, a decline of 301.64% year-on-year[6]. - The net cash received from sales of goods and services was RMB 192,335,561.88, down 83.22% from RMB 1,146,359,450.24 in the previous period[16]. - Cash inflow from operating activities totaled $184,819,780.09, while cash outflow amounted to $295,892,810.43, resulting in a net cash flow from operating activities of -$111,073,030.34[44]. - Cash inflow from investment activities reached $6,178,968,835.89, with cash outflow of $6,146,397,846.82, leading to a net cash flow from investment activities of $32,570,989.07[44]. - Cash inflow from financing activities was $110,119,000.00, while cash outflow totaled $1,146,930.56, resulting in a net cash flow from financing activities of $108,972,069.44[44]. - The company reported a cash balance at the beginning of the period of $592,218,241.32[44]. - Total assets decreased by 9.18% to CNY 128.18 billion compared to the end of the previous year[6]. - The company's cash and cash equivalents decreased to ¥50.85 billion from ¥59.09 billion, reflecting a reduction of about 14.5%[28]. - The total current assets as of March 31, 2016, were ¥109.27 billion, down from ¥120.68 billion, a decrease of about 9.4%[28]. Shareholder Information - The number of shareholders reached 74,621 by the end of the reporting period[10]. - The largest shareholder, China National Investment Corporation, holds 46.18% of the shares[10]. - The company plans to increase its shareholding by up to 2% of the total shares within the next 12 months through the Shanghai Stock Exchange trading system[26]. Business Restructuring and Commitments - The company has not disclosed any new product developments or market expansion strategies in this report[5]. - The company is actively working on the deregistration of Anxin Futures as part of the major asset restructuring process[19]. - The company committed to conducting impairment tests on the acquired assets for three accounting years post-restructuring, with compensation for any impairment to be covered by Guotou Company[22]. - The company guarantees to exercise shareholder rights lawfully and will not misuse these rights to the detriment of Guotou Anxin or its other shareholders[25]. - The commitment period for avoiding competition with Guotou Anxin and its controlled enterprises is set for 12 months following the completion of the asset restructuring[23]. Financial Liabilities - Total liabilities decreased to ¥101.81 billion from ¥114.66 billion, indicating a reduction of approximately 11.2%[30]. - The company reported a significant increase in deferred tax assets, rising by RMB 234,874,541.22 or 295.88%[12]. - Short-term borrowings decreased by RMB 60,066,642.00, a reduction of 56.72%[12]. - The company reported a significant drop in short-term borrowings, which fell to ¥45.83 million from ¥105.90 million, a decrease of approximately 56.7%[30].