FLDT(SH:600228)2016-04-26 16:00Financial Performance - Operating revenue decreased by 38.22% to CNY 94,304,724.76 compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 6,973,635.95, compared to a loss of CNY 5,102,471.60 in the same period last year[7] - The weighted average return on equity was -12.67%, down from -6.51% in the same period last year[7] - Net loss for Q1 2016 was CNY -8,716,264.98, compared to a net loss of CNY -4,942,472.12 in the previous year, representing an increase in loss of 76.3%[28] - The net profit attributable to the parent company for Q1 2016 was CNY -6,973,635.95, worsening from CNY -5,102,471.60 in the same quarter last year[28] - Basic and diluted earnings per share for Q1 2016 were both CNY -0.029, compared to CNY -0.021 in the previous year[28] Assets and Liabilities - Total assets increased by 2.76% to CNY 527,096,561.27 compared to the end of the previous year[7] - The company's total liabilities were ¥393,123,087.04, up from ¥371,016,985.15, indicating an increase in financial obligations[20] - Total assets at the end of the reporting period were CNY 234,918,750.25, down from CNY 239,186,680.05 at the beginning of the year[24] - Total liabilities decreased to CNY 238,896,136.73 from CNY 239,957,916.36 at the beginning of the year[24] - Current assets totaled CNY 43,271,114.26, a decrease of 5.4% from CNY 45,766,266.67 at the start of the year[24] - Non-current assets amounted to CNY 191,647,635.99, down from CNY 193,420,413.38 at the beginning of the year[24] Cash Flow - Net cash flow from operating activities decreased by 63.62% to CNY 13,577,767.85 compared to the same period last year[7] - The net cash flow from financing activities was ¥8,955,156.46, compared to a negative cash flow of ¥4,900,081.48 in the previous period, indicating a decrease in bank loan repayments[14] - Cash flow from operating activities generated a net inflow of CNY 13,577,767.85, down 63.6% from CNY 37,323,291.09 in the previous year[32] - Cash outflow from operating activities totaled CNY 90,991,567.97, down 22.2% from CNY 116,892,861.99 in Q1 2015[32] - The net cash flow from financing activities was -3,013,188.67[35] Shareholder Information - The total number of shareholders was 22,433 at the end of the reporting period[11] Operational Changes - The company is undergoing a significant asset restructuring, with a major asset sale expected to be discussed by the controlling shareholder, which has led to a temporary suspension of trading[15] - The company has committed to addressing issues raised in the audit report from Dahuacpa, with measures actively being implemented[14] - The company anticipates potential losses or significant changes in net profit compared to the previous year, but no specific warnings were applicable at this time[16] Other Financial Metrics - Cash and cash equivalents increased by 57.18% to CNY 61,742,156.26 due to reduced procurement payments and increased bank borrowings[13] - Accounts receivable increased by 73.91% to CNY 20,366,608.76 due to unsettled sales payments[13] - Prepayments increased by 75.41% to CNY 23,978,246.15 due to unsettled advance payments[13] - The operating cost decreased by 38.65% to ¥82,700,140.23 from ¥134,798,567.88, due to a reduction in production and procurement prices[14] - The company incurred operating costs of CNY 2,876,012.73, which is a decrease of 17.8% from CNY 3,503,466.76 in the previous year[30] - Management expenses for Q1 2016 were CNY 1,020,925.42, slightly down from CNY 1,040,107.33 in Q1 2015[30] - Financial expenses decreased to CNY 1,439,137.92 from CNY 1,812,194.98, reflecting a reduction of 20.5%[30]