CTCG(SH:600358)2015-04-29 16:00Financial Performance - Operating revenue for the period was CNY 34,653,835.89, down 3.63% from CNY 35,958,158.85 in the same period last year[6] - Net profit attributable to shareholders of the listed company was CNY -3,960,041.60, an improvement from CNY -10,628,962.39 in the previous year[6] - Basic and diluted earnings per share were both CNY 0.005, compared to CNY -0.025 in the previous year[6] - The company's net loss for the period was CNY -203,121,922.69, slightly improved from CNY -205,254,639.15 in the previous period[18] - The net profit attributable to the parent company was CNY 2,132,716.46, compared to a net loss of CNY 10,772,707.41 in the previous year[26] - The company reported a comprehensive income total of CNY 2,557,793.38, recovering from a comprehensive loss of CNY 10,405,462.15 in the same quarter last year[27] - The total profit for Q1 2015 was 4,685,690.49 RMB, compared to a loss of 6,553,181.72 RMB in the same period last year, indicating a significant turnaround[29] - The net profit for Q1 2015 was 4,685,690.49 RMB, with basic and diluted earnings per share both at 0.011 RMB, compared to a loss of 0.015 RMB per share in Q1 2014[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -18,566,605.61, compared to CNY -6,405,803.38 in the same period last year[6] - Cash inflows from operating activities totaled 33,365,963.78 RMB, down 26.2% from 45,189,403.34 RMB in the previous year[32] - Cash outflows from operating activities were 51,932,569.39 RMB, resulting in a net cash flow from operating activities of -18,566,605.61 RMB, worsening from -6,405,803.38 RMB in Q1 2014[32] - The total cash flow for the period was -26,196,580.96 RMB, slightly improved from -29,149,159.15 RMB in Q1 2014[33] - The company reported a cash outflow from financing activities of 4,999,628.90 RMB, compared to a much larger outflow of 122,176,998.13 RMB in the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 716,209,960.93, a decrease of 2.07% compared to the end of the previous year[6] - Cash and cash equivalents decreased by 67.27% from CNY 38,942,299.57 to CNY 12,745,718.61, primarily due to daily operational expenditures[12] - Total liabilities decreased from CNY 435,359,509.34 to CNY 417,670,705.18, with a notable reduction in accounts payable[18] - Total assets decreased from CNY 731,340,971.71 to CNY 716,209,960.93, reflecting a reduction in cash and cash equivalents[17] - Total current assets were CNY 163,376,471.81, a slight decrease from CNY 163,868,950.84 in the previous period[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,111[10] - The largest shareholder, Xiamen Contemporary Asset Management Co., Ltd., held 73,556,106 shares, representing 17.03% of the total shares[10] Non-Operating Income - The company recorded non-operating income of CNY 6,092,758.06, primarily from the disposal of non-current assets[9] - Non-operating income surged by 6079.56% from CNY 98,655.62 to CNY 6,096,487.55, primarily due to income from the disposal of Jin Ying Real Estate[13] Other Financial Activities - The company completed the transfer of 19% equity in Nanjing Yishang Tianyuan Business Management Co., Ltd. for CNY 82.65 million, with the payment completed on April 1, 2015[13] - The consolidated scope of the company increased to include "Guotour United Sports Development Co., Ltd." and "Guotour United Outdoor Cultural Tourism Development Co., Ltd."[13] - The company received 200,000.00 RMB from investment recoveries, a significant decrease from 44,000,000.00 RMB in the previous year[32] - The company’s cash inflow from other financing activities was 23,940,000.00 RMB, indicating new financing efforts[36] Changes in Financial Position - Prepayments increased significantly by 1466.13% from CNY 853,337.86 to CNY 13,364,372.83, mainly due to advance payments for projects and issuance costs[12] - Assets classified as held for sale decreased by 51.64% from CNY 7,523,215.00 to CNY 3,638,029.06, primarily due to the completion of the disposal of Jin Ying Real Estate[12] - Deferred income decreased by 31.73% from CNY 39,584,308.61 to CNY 27,026,024.76, mainly due to the conversion of deferred income into revenue[12]