TIBET SUMMIT(SH:600338)2015-04-29 16:00Financial Performance - Operating revenue rose by 25.05% to CNY 327,881,368.47 compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 16,198,314.48, an improvement from a loss of CNY 17,349,455.88 in the previous year[6] - The net profit for the current period is -¥16,065,079.28, an improvement from -¥19,069,766.58 in the previous period[25] - The company reported an operating profit of -¥16,021,804.39, an improvement from -¥18,877,704.22 in the previous period[24] - The total profit for the current period is -¥16,042,420.79, compared to -¥18,865,349.09 in the previous period[24] - Basic and diluted earnings per share are both -¥0.094, compared to -¥0.108 in the previous period[25] Cash Flow - Cash flow from operating activities showed a significant decline of 2658.58%, resulting in a negative cash flow of CNY 157,242,928.05[6] - The net cash flow from operating activities turned negative at -¥157.24 million, a decrease of 2658.58% compared to ¥6.15 million in the same period last year, due to increased payment for goods[11] - Cash flow from operating activities shows a net outflow of -¥157,242,928.05, a significant decrease from a net inflow of ¥6,145,721.49 in the previous period[31] - Cash outflow from operating activities reached 225,864,017.22 RMB, up from 103,989,501.97 RMB in the previous period, reflecting increased operational costs[34] - The company reported a cash flow from financing activities net amount of -12,478,000.00 RMB, contrasting with a positive inflow of 10,161,750.00 RMB in the previous period[32] Assets and Liabilities - Total assets increased by 1.63% to CNY 507,455,548.72 compared to the end of the previous year[6] - Total current assets increased slightly to ¥344.88 million from ¥336.01 million at the beginning of the year[15] - Current liabilities rose to CNY 457,410,971.03 from CNY 433,530,193.38, an increase of about 5.5%[16] - Non-current liabilities totaled CNY 4,373,458.85, up from CNY 4,042,223.86, reflecting an increase of approximately 8.2%[17] - The company's total liabilities reached CNY 461,784,429.88, compared to CNY 437,572,417.24, marking a growth of around 5.5%[17] - Owner's equity decreased to CNY 45,671,118.84 from CNY 61,736,198.11, a decline of approximately 26%[17] Shareholder Information - The number of shareholders reached 10,875, with the largest shareholder holding 29.44% of the shares[8] Cash and Cash Equivalents - The company reported a 71.05% decrease in cash and cash equivalents, primarily due to increased payments for goods[10] - Cash and cash equivalents dropped significantly to CNY 14,049,317.72 from CNY 60,890,680.81, a decrease of about 77%[20] - The total cash and cash equivalents at the end of the period were 3,826,814.59 RMB, slightly down from 3,882,843.66 RMB in the previous period[35] Accounts Receivable and Payable - Accounts receivable increased by 1004.81%, indicating a rise in customer debts[10] - Accounts payable decreased by 47.37% to ¥33.33 million, primarily due to the repayment of due notes by subsidiaries[11] Investment Activities - The net cash flow from investing activities was ¥105.89 million, a significant improvement from -¥3.47 million in the previous year, resulting from equity transfer[11] - Cash inflow from investment activities totaled 111,599,345.61 RMB, a substantial increase from 2,833,583.00 RMB in the previous period[34] Other Financial Metrics - Financial expenses decreased by 50.91% to ¥996,476.17, mainly due to reduced loans from subsidiaries[11] - The company reported a significant decrease of 88.92% in income tax expenses to ¥22,658.49, due to reduced income tax recognized by subsidiaries[11] - The company has not disclosed any new product developments or market expansion strategies in this report[10]