TROILA TECHNOLOGY(SH:600225)2015-04-28 16:00Financial Performance - Operating revenue decreased by 25.54% to CNY 76,535,593.29 compared to the same period last year[5] - Net profit attributable to shareholders was CNY -209,234,913.43, showing a significant loss compared to CNY -118,786,976.92 in the previous year[5] - Basic and diluted earnings per share were both CNY -0.290, compared to CNY -0.190 in the previous year[5] - Total revenue for Q1 2015 was CNY 76,967,918.99, a decrease of 25.3% compared to CNY 102,792,047.11 in the same period last year[33] - The company reported a net loss of CNY 585,193,929.44 compared to a loss of CNY 571,957,213.58 in the previous year[31] - Total comprehensive income for Q1 2015 was -238,602,111.29, compared to -133,539,767.51 in the previous year, reflecting a worsening of approximately 78.5%[35] Assets and Liabilities - Total assets increased by 11.25% to CNY 15,017,562,422.30 compared to the end of the previous year[5] - Current liabilities rose to CNY 7,779,037,126.37, up from CNY 7,541,288,045.33, indicating an increase of 3.2%[27] - Non-current liabilities decreased to CNY 4,671,679,132.99 from CNY 4,825,702,481.64, a decline of 3.2%[27] - Total liabilities decreased slightly to CNY 12,450,716,259.36 from CNY 12,366,990,526.97, a reduction of 0.7%[27] - Cash and cash equivalents increased by 136.76% to ¥3,196,681,348.86 due to funds received from a targeted issuance[12] Cash Flow - Cash flow from operating activities was CNY -124,670,976.84, an improvement from CNY -950,767,459.81 in the previous year[5] - Operating cash inflow totaled CNY 791.79 million, a decrease from CNY 405.90 million in the previous period[42] - Net cash flow from operating activities was negative CNY 124.67 million, compared to negative CNY 950.77 million last year[42] - Cash inflow from financing activities reached CNY 2.96 billion, significantly higher than CNY 1.47 billion in the previous period[43] - The net increase in cash and cash equivalents was CNY 1.55 billion, a recovery from a decrease of CNY 956.99 million in the previous period[43] Shareholder Information - The total number of shareholders reached 28,947[9] - The largest shareholder, Tianjin Binhai Development Investment Holding Co., Ltd., holds 47.63% of shares, amounting to 445,572,888 shares[9] Investment and Impairment - The company reported a 364.06% increase in asset impairment losses, totaling ¥87,851,106.12, primarily due to increased bad debt provisions[13] - Investment income turned negative at -¥1,643,529.14, a decline of 104.33% compared to the previous year[13] - Asset impairment losses rose to 3,047,533.73 from 1,791,839.67, an increase of about 70.1% year-over-year[37] Compliance and Governance - The company has committed to ensuring no competitive activities occur that could harm its interests, with ongoing compliance monitoring[17] - The company will strictly adhere to regulations set by the China Securities Regulatory Commission regarding related party transactions[19] - The company has pledged to comply with relevant regulations and protect the rights of minority investors[23] - The company is focused on adhering to corporate governance standards and ensuring equal shareholder rights[23] Project and Development Plans - The company is involved in municipal construction and land development, with a focus on complying with national real estate policies[18] - The company will not engage in real estate development and sales, except for Tianjin Songjiang, to avoid competition[19] - The company plans to cultivate the Tuanjie Building and surrounding commercial street projects until maturity, with a maximum cultivation period ending December 31, 2015[19]