ZJJH(SH:600160)2015-04-29 16:00Financial Performance - Operating revenue for the current period was ¥2,101,177,289.44, representing a decrease of 9.46% year-on-year[6] - Net profit attributable to shareholders of the listed company was -¥11,645,781.14, showing an improvement of 70.85% compared to the previous year's loss[6] - Basic earnings per share decreased by 10.00% to ¥0.0009[7] - The diluted earnings per share also decreased by 10.00% to ¥0.0009[7] - The company reported a net loss in operating income, with operating income at CNY 2,101,177,289.44 against operating costs of CNY 2,108,648,132.31, leading to a negative operating margin[23] - Operating profit for Q1 2015 was CNY -6,435,369.41, a decline from CNY 8,226,009.73 in the previous year[26] - Net profit for Q1 2015 was CNY 2,103,200.71, compared to a net profit of CNY 129,172.37 in Q1 2014, indicating a significant improvement[24] - The total profit for Q1 2015 was CNY 2,656,611.65, compared to CNY 451,347.49 in Q1 2014, showing a substantial increase[24] Cash Flow and Liquidity - Cash flow from operating activities improved significantly, with a net cash flow of -¥18,276,495.61, a 95.58% increase compared to the previous year[6] - Cash and cash equivalents decreased by 35.32% to ¥533,016,075.93 from ¥824,037,038.23 due to increased investment in financial products[11] - Cash inflow from operating activities was CNY 2,425,508,982.02, a decrease from CNY 2,492,323,779.43 in the same period last year[27] - Total cash inflow from operating activities was 753,252,857.02 RMB, down 12.3% from 858,492,830.83 RMB year-over-year[29] - Cash outflow from operating activities increased to 956,389,016.59 RMB, up 7.1% from 893,015,825.20 RMB in the previous year[29] - The net cash flow from investing activities was -191,043,346.94 RMB, a decrease from -756,659,990.86 RMB in the prior year, showing improved cash management[29] - The company reported a total cash outflow of -297,399,600.00 RMB for the quarter, compared to -977,580,534.82 RMB in the same period last year, showing a reduction in cash burn[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,062,527,650.74, an increase of 1.17% compared to the end of the previous year[6] - Current liabilities rose to CNY 1,623,752,798.37, up from CNY 1,533,582,060.26, indicating an increase of 5.93%[17] - Non-current liabilities totaled CNY 147,111,251.65, compared to CNY 140,312,117.84, reflecting a rise of 4.00%[17] - The company's total equity increased slightly to CNY 7,291,663,600.72 from CNY 7,283,475,533.58, a change of 0.11%[17] - Cash and cash equivalents decreased significantly to CNY 170,543,235.81 from CNY 479,480,791.79, a decline of 64.42%[19] - Accounts receivable increased by 48.79% to ¥408,613,816.34 from ¥274,623,134.28, attributed to intensified market competition and increased direct sales[11] Shareholder Information - The total number of shareholders at the end of the reporting period was 77,029[10] - The largest shareholder, Juhua Group Company, held 54.31% of the shares, totaling 983,558,206 shares[10] Government Support and Subsidies - The company received government subsidies amounting to ¥7,068,924.85 during the reporting period[7] Investment and Expenses - Investment income decreased by 79.11% to ¥6,245,297.81 from ¥29,893,638.56, as the previous period included gains from the disposal of subsidiaries[12] - Cash received from investment income increased by 1084.6% to ¥6,426,054.70 from ¥542,465.75, indicating higher returns from financial investments[12] - Sales expenses increased by 59.92% to ¥71,835,442.60 from ¥44,919,528.75 due to increased transportation costs from the use of delivered pricing[12] - The company reported a financial expense of CNY 1,744,516.63 in Q1 2015, compared to a financial income of CNY -2,803,799.37 in the same period last year[25] Compliance and Governance - The company has committed to avoiding competition with its controlling shareholder, ensuring compliance with long-term commitments[13]