RNM(SH:600259)2015-04-29 16:00Financial Performance - Operating revenue rose by 55.24% to CNY 776,713,230.32 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 31.19% to CNY 2,696,238.03 compared to the same period last year[6] - Basic earnings per share decreased by 34.53% to CNY 0.01 compared to the same period last year[6] - The company reported a net loss of CNY 244,631,525.22, an improvement from a loss of CNY 247,327,763.25 in the previous period[24] - Net profit for Q1 2015 was CNY 4,095,824.84, a decrease of 26.2% from CNY 5,547,064.04 in Q1 2014[31] - The comprehensive income total for Q1 2015 was CNY -12,032,373.67, compared to CNY 4,820,087.35 in Q1 2014[32] Assets and Liabilities - Total assets increased by 6.40% to CNY 3,965,805,879.91 compared to the end of the previous year[6] - Current assets rose to CNY 2,773,661,089.01, up from CNY 2,532,031,213.85, indicating an increase of about 9.5%[22] - Total liabilities rose to CNY 2,922,493,855.17 from CNY 2,670,803,238.93, indicating an increase of approximately 9.4%[24] - The total liabilities as of Q1 2015 amounted to CNY 1,401,370,304.55, compared to CNY 1,368,192,021.82 in the previous year, reflecting a growth of 2.0%[28] - The total equity decreased to CNY 1,043,312,024.74 from CNY 1,056,393,050.34, representing a decline of approximately 1.2%[24] Cash Flow - Net cash flow from operating activities improved to CNY -89,558,062.81, compared to CNY -125,325,351.58 in the previous year[6] - Cash flow from operating activities for Q1 2015 was CNY 567,732,231.52, an increase from CNY 515,986,552.16 in the same period last year[36] - The net cash flow from operating activities was -89,558,062.81 RMB, an improvement from -125,325,351.58 RMB in the previous period, indicating a reduction in cash outflow[37] - Total cash inflow from financing activities was 383,330,327.50 RMB, compared to 305,620,273.73 RMB in the previous period, reflecting a 25.4% increase[38] - The cash flow from financing activities showed a net outflow of -13,264,554.58 RMB, compared to -86,565,467.00 RMB in the previous period, indicating improved cash management[39] Shareholder Information - The total number of shareholders reached 37,920 by the end of the reporting period[11] - The largest shareholder, Guangdong Guangsheng Asset Management Co., Ltd., held 44.31% of the shares[11] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 5,381,287.81 related to its normal business operations[8] - The company reported non-recurring gains and losses totaling CNY 22,903,961.51[11] - The company achieved a 100.79% increase in non-operating income to ¥6,167,797.52, mainly from increased government subsidies[14] Operational Metrics - Operating costs increased by 74.70% to ¥717,541,567.48, also attributed to higher sales volume[14] - Accounts receivable increased by 114.34% to ¥771,656,134.85 due to an increase in sales not yet collected[13] - The company reported a significant decrease in other current assets by 89.56% to ¥4,031,580.89, mainly due to a reduction in deductible VAT[13] Strategic Initiatives - The company plans to facilitate the acquisition of shares in related companies to avoid industry competition, pending necessary approvals[15] - The company is committed to resolving industry competition issues through strategic acquisitions and restructuring within the next five years[15]