TYPICAL(SH:600302)2014-04-29 16:00Financial Performance - Operating revenue declined by 7.33% to CNY 238,763,446.56 year-on-year[4] - Net profit attributable to shareholders was CNY -21,145,775.81, a significant increase in loss compared to CNY -7,810,754.50 in the same period last year[4] - The total profit for Q1 2014 was -20,850,386.76 RMB, a decrease from -7,105,021.72 RMB in the previous period, indicating a significant decline[10] - The net profit for the period was -20,570,271.51 RMB, compared to -7,534,796.29 RMB in the same period last year, showing a worsening performance[10] - The basic and diluted earnings per share were both -0.0611, down from -0.0226 in the previous year, reflecting a negative trend[10] - The net loss for Q1 2014 was CNY 20,570,271.51, compared to a net loss of CNY 7,534,796.29 in Q1 2013, representing an increase in loss of 173.5%[21] - The company reported an operating profit of -20,628,964.24 for Q1 2014, worsening from -7,072,966.05 in Q1 2013[21] Cash Flow - Cash flow from operating activities was CNY -33,697,528.86, compared to CNY -8,199,437.35 in the previous year, indicating a worsening cash flow situation[4] - The cash flow from operating activities was -33,697,528.86 RMB, worsening from -8,199,437.35 RMB in the previous period[11] - Cash inflow from operating activities amounted to ¥201,377,425.18, an increase of 8.15% compared to ¥184,862,268.35 in the previous period[25] - Net cash outflow from operating activities was ¥33,697,528.86, worsening from a net outflow of ¥8,199,437.35 in the previous period[25] - Cash inflow from operating activities decreased by 13.4% from ¥74,065,790.62 to ¥63,860,514.20[29] - The company experienced a net cash outflow from operating activities of ¥29,004,394.05, worsening from a net outflow of ¥15,248,841.45 in the previous period[29] Assets and Liabilities - Total assets decreased by 3.47% to CNY 1,682,460,430.48 compared to the end of the previous year[4] - The total assets as of March 31, 2014, were 1,682,460,430.48 RMB, down from 1,742,998,001.38 RMB at the beginning of the year[16] - The company’s total assets decreased to CNY 1,330,313,096.17 from CNY 1,377,510,655.65 at the beginning of the year, a decline of 3.4%[19] - Total liabilities decreased to 430,700,797.18 RMB from 470,539,968.63 RMB, indicating a reduction in financial obligations[16] - Total liabilities decreased to CNY 190,104,199.00 from CNY 214,942,458.50, a reduction of 11.6%[19] - The total equity of the company was CNY 1,140,208,897.17, down from CNY 1,162,568,197.15, reflecting a decrease of 1.9%[19] Expenses - Management expenses increased by 41.42% to CNY 30,950,853.45 compared to the previous year[9] - The company reported a significant increase in non-operating expenses, which rose by 387.83% to CNY 287,115.71[9] - Asset impairment losses surged by 214.59% to CNY 8,197,651.65, indicating increased financial strain[9] - Total operating costs for Q1 2014 were CNY 259,392,410.80, down 2.4% from CNY 264,716,234.53 year-on-year[21] Shareholder Information - The number of shareholders totaled 30,652, with the largest shareholder holding 47.11% of the shares[7] - The minority shareholders' profit increased by 108.55% to 575,504.30 RMB from 275,958.21 RMB in the previous period[10] Future Outlook - The company plans to focus on improving operational efficiency and reducing costs in the upcoming quarters to enhance profitability[20]