*ST商城(600306) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue declined by 22.66% to CNY 288,399,113.34 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 33,995,920.16, compared to a loss of CNY 30,947,101.21 in the same period last year[5] - The company anticipates a potential cumulative net loss by the next reporting period due to declining operating income and high financial expenses[14] - The net loss for Q1 2016 was ¥34,000,441.55, compared to a net loss of ¥30,973,385.33 in Q1 2015, representing an increase in loss of 6.6%[26] - The company reported a gross profit margin of -11.4% for Q1 2016, down from -7.9% in Q1 2015[25] Cash Flow - Net cash flow from operating activities increased by 115.93% to CNY 12,774,836.72 compared to the same period last year[9] - The net cash flow from operating activities was -87,472,873.15 RMB, a decrease compared to 78,358,727.31 RMB in the previous period[34] - Total cash inflow from operating activities was 536,073,766.62 RMB, down from 1,693,731,550.94 RMB year-over-year[34] - Cash outflow for operating activities totaled 623,546,639.77 RMB, compared to 1,615,372,823.63 RMB in the prior period[34] - The net cash flow from investing activities was -1,156,324.59 RMB, reflecting a decrease from -34,049.28 RMB previously[35] - The net cash flow from financing activities was -6,227,849.16 RMB, a decline from -92,490,926.49 RMB year-over-year[35] Assets and Liabilities - Total assets decreased by 4.52% to CNY 2,131,750,600.88 compared to the end of the previous year[5] - Total current assets amounted to CNY 486,345,398.47, down from CNY 569,866,800.44 at the beginning of the period[17] - Total liabilities decreased from CNY 2,274,665,091.61 at the beginning of the period to CNY 2,208,858,715.92[18] - The total liabilities as of the end of Q1 2016 amounted to ¥2,586,910,511.02, an increase from ¥2,461,366,988.03 in the previous year[23] - The total equity for Q1 2016 was -¥254,582,098.91, compared to -¥219,847,431.73 in the same period last year, indicating a decline in equity[23] Shareholder Information - The total number of shareholders reached 13,996 by the end of the reporting period[8] - The major shareholder, Zhongzhao Investment Management Co., Ltd., holds 24.22% of the shares[8] Government Support and Subsidies - The company received government subsidies amounting to CNY 291,480.54 during the reporting period[5] Other Financial Metrics - The weighted average return on net assets was -56.08%, down from -29.71% in the previous year[5] - Business tax and additional charges decreased by 62.78% compared to the same period last year, primarily due to a decline in sales revenue[13] - Other receivables increased by 88.78% compared to the beginning of the period, mainly due to increased transactions with related parties[13] - Notes payable decreased by 88.13% compared to the beginning of the period, primarily due to a reduction in borrowings during the period[13] - The company incurred sales expenses of ¥5,495,497.84 in Q1 2016, an increase of 26.6% compared to ¥4,340,308.62 in the same period last year[25] - Management expenses for Q1 2016 were ¥52,362,585.57, a decrease of 10.3% from ¥58,095,720.44 in Q1 2015[25] Asset Restructuring - The company is currently undergoing a major asset restructuring process, with the application submitted to the China Securities Regulatory Commission[10]