JSSS(SH:600220)2015-04-27 16:00Financial Performance - Operating income for the period was CNY 368,661,201.11, down 16.19% year-on-year [7]. - Net profit attributable to shareholders was CNY 5,000,401.29, a decline of 35.61% compared to the same period last year [7]. - Basic and diluted earnings per share were both CNY 0.0028, down 36.36% from the previous year [7]. - Operating profit decreased by 31.81% to 7,376,397.04 from 10,817,487.37 due to a reduction in operating revenue [11]. - Net profit fell by 39.37% to 5,440,056.73 compared to 8,972,475.54, primarily due to decreased operating income [11]. - The company reported a gross profit of CNY 76,943,435.04 for Q1 2015, down 30.5% from CNY 81,963,359.32 in Q1 2014 [24]. - The company’s operating profit for Q1 2015 was CNY 7,376,397.04, a decrease of 31.5% compared to CNY 10,817,487.37 in the previous year [24]. - The total operating revenue for Q1 2015 was CNY 368,661,201.11, a decrease of 16.2% compared to CNY 439,893,992.65 in the same period last year [24]. Cash Flow - Cash flow from operating activities increased significantly to CNY 170,649,296.41, representing a 156.38% increase year-on-year [7]. - Cash flow from operating activities rose by 156.38% to 170,649,296.41 from 66,560,236.27, mainly due to reduced cash payments for goods and services [11]. - Cash flow from investing activities worsened by 149.46% to -54,275,489.55 from -21,757,477.76, primarily due to increased payments for fixed assets and long-term assets [11]. - Cash flow from financing activities decreased significantly by 370.14% to -198,171,861.90 from 73,358,035.80, mainly due to reduced bank borrowings [11]. - The net cash flow from operating activities was ¥170,649,296.41, an increase of 156.5% from ¥66,560,236.27 in Q1 2014 [30]. - Cash inflow from operating activities totaled CNY 375,592,839.64, down 23.1% from CNY 488,525,222.89 year-over-year [33]. - Cash outflow from financing activities was CNY 693,667,092.39, significantly higher than CNY 229,950,399.98 in the previous period [34]. - Net cash flow from financing activities was -CNY 190,667,092.39, compared to a positive CNY 83,392,217.02 in the same period last year [34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,684,787,170.97, a decrease of 4.97% compared to the end of the previous year [7]. - Total assets as of March 31, 2015, amounted to CNY 3,652,019,866.45, down from CNY 3,791,810,807.42 at the beginning of the year [22]. - Total liabilities decreased to CNY 1,957,978,256.11 from CNY 2,101,131,383.41 at the start of the year, reflecting a reduction of 6.8% [21]. - The company's cash and cash equivalents decreased to CNY 158,226,047.35 from CNY 247,023,802.98, a decline of 36.0% [20]. - Inventory increased to CNY 579,594,697.44, up 14.3% from CNY 506,869,907.76 at the beginning of the year [20]. - The company's total equity as of March 31, 2015, was CNY 1,694,041,610.34, slightly up from CNY 1,690,679,424.01 at the start of the year [22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 159,717 [9]. - The largest shareholder, Jiangsu Sunshine Group Co., Ltd., held 150,663,362 shares, accounting for 8.448% of the total shares [9]. Non-Recurring Items - The company reported a total of CNY 1,905,050.80 in non-recurring gains and losses for the period [7]. - The company received government subsidies amounting to CNY 1,827,800.00, which are closely related to its normal business operations [7]. Other Financial Metrics - The weighted average return on equity decreased by 0.18 percentage points to 0.30% [7]. - Employee compensation payable decreased by 43.32% to 33,621,756.44 from 59,322,366.32, mainly due to payments made for prior period wages [12]. - Accounts receivable decreased by 33.00% to 60,715,071.57 from 90,620,709.34, mainly due to increased settlement of payables [15]. - Prepayments decreased by 46.89% to 96,444,213.19 from 181,582,215.03, as prior prepayments were settled with goods received [15]. - The company incurred financial expenses of ¥20,692,463.31 in Q1 2015, down 22.1% from ¥26,522,681.21 in the same period last year [27]. - The company raised ¥503,000,000.00 through borrowings in Q1 2015, an increase from ¥329,342,617.00 in the previous year [31].