Adisseo(SH:600299)2015-04-29 16:00Financial Performance - Operating revenue decreased by 35.68% to CNY 1.45 billion compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 200.72 million, an improvement of 9.85% compared to the loss of CNY 222.65 million in the previous year[6] - The company reported a net loss of ¥1,713,966,084.40, worsening from a loss of ¥1,513,241,892.63 in the previous period[18] - The net loss for Q1 2015 was ¥230,100,468.82, compared to a net loss of ¥250,177,390.15 in Q1 2014, representing an improvement of 8.6%[24] - The gross profit margin for Q1 2015 was -15.8%, compared to -11.8% in Q1 2014, indicating a decline in profitability[23] - The company recorded operating profit of -¥230,391,925.64 in Q1 2015, an improvement from -¥299,400,588.77 in the same period last year, reflecting a 23.1% reduction in losses[23] Assets and Liabilities - Total assets increased by 1.60% to CNY 18.49 billion compared to the end of the previous year[6] - Total current assets increased to ¥5,206,461,817.96 from ¥4,849,120,418.87, representing a growth of approximately 7.36%[17] - Total liabilities rose to ¥17,687,917,749.37 from ¥17,170,688,161.38, reflecting an increase of about 3.01%[18] - Total non-current assets decreased slightly to ¥13,286,898,260.94 from ¥13,353,245,068.00, a decline of about 0.5%[17] - Total liabilities increased to ¥13,289,269,263.36 in Q1 2015 from ¥12,778,638,355.57 in the previous year, reflecting a rise of 4.0%[23] - Total equity decreased to ¥805,442,329.53 from ¥1,031,677,325.49, a decline of approximately 22%[18] - Total equity decreased to ¥2,220,208,824.66 in Q1 2015 from ¥2,360,233,297.95 in the same period last year, a decline of 5.9%[23] Cash Flow - Net cash flow from operating activities decreased by 63.96% to CNY 37.31 million compared to the same period last year[6] - The net cash flow from operating activities for Q1 2015 was ¥37,314,049.91, a decrease of 64.0% compared to ¥103,521,207.17 in the same period last year[27] - Total cash inflow from operating activities was ¥1,433,072,650.38, down 20.0% from ¥1,788,859,999.09 in Q1 2014[27] - Cash outflow from operating activities totaled ¥1,395,758,600.47, a decrease of 17.2% compared to ¥1,685,338,791.92 in the previous year[27] - The net cash flow from investing activities was -¥125,708,706.94, compared to -¥290,703,678.75 in Q1 2014, indicating a reduced cash outflow[28] - Cash inflow from financing activities was ¥3,354,066,149.58, down 8.4% from ¥3,662,036,245.80 in the same quarter last year[28] - The net cash flow from financing activities increased to ¥259,183,593.77, compared to ¥143,857,774.54 in Q1 2014, reflecting improved financing conditions[28] Shareholder Information - The total number of shareholders reached 17,686 by the end of the reporting period[10] - The largest shareholder, China BlueStar (Group) Co., Ltd., holds 53.96% of the shares[10] Asset Restructuring - The company completed a major asset sale on December 26, 2014, impacting revenue and cash flow significantly[12] - The company is accelerating its asset restructuring efforts, with a major asset restructuring plan approved by the State-owned Assets Supervision and Administration Commission[13] Inventory and Receivables - Accounts receivable increased significantly to ¥804,617,236.32 from ¥452,926,647.66, marking an increase of approximately 77.4%[16] - Inventory levels increased to ¥1,272,721,589.14 from ¥1,257,374,990.21, a rise of about 1.15%[16]