CTCG(SH:600358)2014-04-23 16:00Financial Performance - Operating revenue for the first quarter was CNY 35,958,158.85, a decline of 24.12% year-on-year[11] - Net profit attributable to shareholders was CNY -10,772,707.41, compared to CNY -6,735,925.02 in the same period last year[11] - The company's net loss increased from CNY 39,358,368.42 to CNY 50,131,074.83, indicating a worsening financial position[26] - Total operating revenue for the current period is CNY 35,958,158.85, a decrease of 24.0% compared to CNY 47,389,615.37 in the previous period[32] - Net profit for the current period is CNY -10,405,462.15, compared to CNY -6,416,904.77 in the previous period, indicating a worsening loss[33] - Basic and diluted earnings per share are both CNY -0.025, compared to CNY -0.016 in the previous period[33] Assets and Liabilities - Total assets decreased by 13.62% to CNY 910,611,689.46 compared to the end of the previous year[11] - The total assets decreased from CNY 1,054,141,453.62 to CNY 910,611,689.46, a decline of approximately 13.6%[26] - The total liabilities decreased from CNY 592,414,999.63 to CNY 459,290,696.62, a reduction of about 22.5%[26] - Total assets decreased to CNY 863,688,511.71 from CNY 957,833,578.39, reflecting a decline of 9.8%[30] - Total liabilities decreased to CNY 489,736,406.08 from CNY 577,328,291.04, a reduction of 15.2%[30] - Owner's equity totals CNY 373,952,105.63, down from CNY 380,505,287.35, a decrease of 1.4%[30] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -6,405,803.38, compared to CNY -440,295.55 in the previous year[11] - The net cash flow from operating activities was -6,405,803.38 RMB, compared to -440,295.55 RMB in the previous period, indicating a decline in operational performance[38] - Cash inflow from investment activities totaled 104,240,000.00 RMB, significantly higher than 56,024,477.89 RMB in the previous period, reflecting strong investment recovery[38] - The net cash flow from investment activities was 79,710,558.36 RMB, a recovery from -2,614,824.98 RMB in the previous period, indicating improved investment performance[42] - The net cash flow from financing activities was -122,176,998.13 RMB, a decrease from a positive 44,572,425.56 RMB in the previous period, highlighting increased debt repayments[39] - The cash flow from operating activities outflow was 116,936,358.74 RMB, down from 196,839,003.62 RMB in the previous period, indicating improved cost management[41] Shareholder Information - The number of shareholders reached 40,969 by the end of the reporting period[14] - Xiamen Contemporary Asset Management Co., Ltd. holds 17.03% of shares, totaling 73,556,106 shares[15] - Nanjing Jiangning State-owned Assets Management Group Co., Ltd. holds 10.44% of shares, totaling 45,080,388 shares[15] - Zhejiang Fuchunjiang Tourism Co., Ltd. holds 5.56% of shares, totaling 24,000,000 shares[15] - The first major shareholder, Xiamen Contemporary Asset Management Co., Ltd., committed to maintaining the independence of the listed company in operations and governance[18] Expense Management - Total operating costs amount to CNY 46,219,875.98, down 15.4% from CNY 54,570,826.96 in the previous period[32] - Sales expenses are CNY 20,525,693.42, a decrease of 11.8% from CNY 23,293,398.24 in the previous period[33] - Management expenses are CNY 13,629,909.96, down 8.3% from CNY 14,870,797.18 in the previous period[33] - Financial expenses decreased by 31.52% from CNY 8,629,956.31 to CNY 5,910,079.38, resulting from reduced bank loans[17] Receivables and Payables - Accounts receivable decreased by 40.11% from CNY 5,925,597.26 to CNY 3,548,911.27 due to collection of receivables[17] - Other receivables decreased from CNY 204,547,219.04 to CNY 155,641,099.92, indicating a reduction in outstanding amounts[24] - Tax payable decreased by 81.17% from CNY 17,815,479.73 to CNY 3,354,931.74 due to payment of corporate income tax[17] Capital Expenditure - The cash outflow for purchasing fixed assets and intangible assets was 4,806,357.64 RMB, a decrease from 19,736,078.62 RMB in the previous period, suggesting reduced capital expenditure[38] - The company paid 120,000,000.00 RMB in debt repayments, consistent with the previous period, reflecting ongoing debt management strategies[42]