BOCO(SH:600289)2015-04-24 16:00Financial Performance - Operating revenue for the quarter rose by 22.99% to CNY 299,577,365.82 year-on-year[6] - Net profit attributable to shareholders increased by 43.14% to CNY 6,049,109.10 compared to the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 56.35% to CNY 6,586,219.55[6] - Basic earnings per share rose by 44.59% to CNY 0.0107 compared to the previous year[6] - The company's operating revenue for Q1 2015 was ¥255,597,225.78, representing a 45.7% increase from ¥175,368,172.64 in the same period last year[29] - The net profit for Q1 2015 was ¥55,545,432.66, up 20.5% from ¥46,226,915.61 in Q1 2014[30] - The total comprehensive income attributable to the parent company was ¥6,049,109.10, compared to ¥4,226,087.14 in the previous year, reflecting a 43.2% increase[28] - The company’s operating profit for Q1 2015 was ¥62,090,922.41, an increase of 24.4% from ¥49,891,971.04 in Q1 2014[30] Assets and Liabilities - Total assets increased by 1.85% to CNY 2,850,105,560.68 compared to the end of the previous year[6] - Total assets as of March 31, 2015, amounted to CNY 3,375,523,874.78, an increase from CNY 3,278,678,306.45 at the beginning of the year[25] - Total liabilities as of March 31, 2015, were CNY 855,391,301.14, compared to CNY 814,091,165.47 at the start of the year[25] - The total equity attributable to shareholders of the parent company was CNY 2,520,132,573.64, an increase from CNY 2,464,587,140.98 at the beginning of the year[25] - Non-current assets totaled 861,340,387.93 RMB, slightly up from 860,196,549.90 RMB at the beginning of the year[20] Cash Flow - The company reported a net cash flow from operating activities of -CNY 61,365,257.84, compared to -CNY 55,458,576.12 in the previous year[6] - Cash flow from financing activities improved significantly, with a net cash inflow of 16,531,291.66 RMB, a 116.00% increase compared to a net outflow of 103,311,666.66 RMB in the same period last year[15] - The net cash flow from operating activities for Q1 2015 was -¥61,365,257.84, a decline from -¥55,458,576.12 in Q1 2014[34] - The company reported a cash and cash equivalents balance of ¥805,576,649.07 at the end of Q1 2015, down from ¥874,694,661.23 at the end of Q1 2014[34] - The overall net decrease in cash and cash equivalents was $85.70 million, compared to a decrease of $159.62 million in the prior period[37] Shareholder Information - The total number of shareholders reached 51,278 by the end of the reporting period[12] - The largest shareholder, Yiyang Group Co., Ltd., holds 23.16% of the shares, amounting to 131,397,064 shares[12] Costs and Expenses - Operating costs surged by 105.35% year-on-year, amounting to 117,404,841.84 RMB, driven by a 143% increase in smart transportation revenue[13] - Financial expenses rose dramatically by 761.03% to 3,187,140.10 RMB, attributed to an increase in short-term borrowings[13] - The company incurred a financial expense of ¥3,467,380.70 in Q1 2015, significantly higher than ¥634,653.64 in the same period last year, indicating a 447.5% increase[29] Investment and Other Income - The company experienced a non-recurring loss of CNY 495,034.19 from the disposal of non-current assets[7] - The company reported a 100% decline in investment income, resulting in a loss of 1,202,801.11 RMB due to losses from long-term equity investments accounted for using the equity method[13] - The company experienced an investment loss of ¥1,202,801.11 in Q1 2015, attributed to investments in joint ventures[30]