SFX(SH:600370)2015-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 7.58% to CNY 11,338,461.11 year-on-year[6] - Operating revenue declined by 2.33% to CNY 251,876,565.40 compared to the same period last year[6] - Basic and diluted earnings per share both decreased by 7.53% to CNY 0.0356[6] - Net profit for Q1 2015 reached CNY 16,785,646.22, an increase of 8.0% compared to CNY 15,539,281.73 in Q1 2014[27] - The net profit attributable to shareholders of the parent company was CNY 11,338,461.11, a decrease of 7.6% from CNY 12,268,985.80 in the previous year[27] - The total comprehensive income attributable to the parent company for Q1 2015 was ¥11,338,461.11, down from ¥12,268,985.80 in the same period last year[30] Assets and Liabilities - Total assets increased by 0.73% to CNY 1,565,368,532.01 compared to the end of the previous year[6] - Total assets as of March 31, 2015, amounted to CNY 1,088,212,181.37, down from CNY 1,111,770,489.20 at the beginning of the year[24] - Total liabilities as of March 31, 2015, were CNY 62,027,143.25, a decrease of 24.4% from CNY 82,030,436.30 at the beginning of the year[25] - Cash and cash equivalents increased to CNY 219,120,605.40 from CNY 185,969,832.80 at the beginning of the year, representing a growth of 17.7%[24] Cash Flow - Net cash flow from operating activities decreased by 10.90% to CNY 63,589,092.12[6] - Operating cash inflow for Q1 2015 was CNY 134,020,627.73, down 31.1% from CNY 194,596,877.22 in the previous period[35] - Net cash flow from operating activities decreased to CNY 33,620,307.91, a decline of 51.5% compared to CNY 69,277,533.42 in the same period last year[35] - Cash outflow for purchasing goods and services was CNY 81,427,798.40, a decrease of 19.2% from CNY 100,744,795.87 in the previous period[35] - The net increase in cash and cash equivalents for the period was CNY 33,150,772.60, down 52.1% from CNY 69,228,616.76 in the previous period[35] Receivables and Payables - Accounts receivable increased by 71.60% to CNY 102,610,025.67 compared to the end of the previous year[12] - Accounts receivable increased due to changes in customer settlement methods[14] - Accounts receivable decreased to CNY 92,534,290.40 from CNY 104,626,077.73, a decline of 11.6%[24] - Other receivables decreased significantly by 92.93%, mainly due to the recovery of misappropriated financial product principal by a subsidiary[14] - Advance receipts increased by 102.24%, mainly from customer deposits received during the period[14] - Employee compensation payable decreased by 39.69%, due to the distribution of year-end bonuses for 2014[14] Expenses - Sales expenses increased by 78.76%, primarily due to higher freight costs during the period[14] - The company reported a decrease in sales expenses to ¥1,448,457.95 from ¥935,726.61 in the previous year, reflecting a strategic cost management approach[31] Investments - Net cash flow from investing activities decreased, primarily due to increased investments in construction projects[15] - The company reported a cash outflow from investing activities of ¥2,160,161.00, compared to ¥652,600.00 in the previous year, indicating increased investment activity[33] - Construction in progress increased by 46.21%, primarily due to the addition of dyeing equipment[14] Other Financial Metrics - The weighted average return on equity decreased by 0.08 percentage points to 0.95%[6] - The company reported a gross profit margin of approximately 7.5% for Q1 2015, compared to 6.3% in the same period last year[27] - The company experienced a significant increase in asset impairment losses, reporting ¥73,349.69 compared to a reversal of ¥3,737,781.51 in the previous year[31] - The impact of exchange rate changes on cash and cash equivalents was CNY 730,464.69, compared to a negative impact of CNY 23,916.66 in the previous period[35]