ANTAI GROUP(SH:600408)2015-04-29 16:00Financial Performance - Operating revenue decreased by 57.31% to CNY 413,123,606.91 compared to the same period last year[5] - Net profit attributable to shareholders was CNY -241,373,628.96, a significant decline from CNY -62,455,672.85 in the previous year[5] - The company reported a net loss of approximately 292.10 million RMB, compared to a net loss of 69.63 million RMB in the same period last year[9] - Net loss for Q1 2015 was CNY 292,102,542.38, compared to a net loss of CNY 69,626,142.66 in Q1 2014, representing an increase in loss of 319.5%[20] - The net profit for the current period is a loss of ¥169,797,968.74, compared to a loss of ¥46,910,240.75 in the previous period, indicating a significant decline in profitability[22] Assets and Liabilities - Total assets decreased by 1.96% to CNY 7,608,755,189.64 compared to the end of the previous year[5] - The total assets as of March 31, 2015, were CNY 6,987,804,269.32, slightly down from CNY 6,999,412,791.14 at the beginning of the year[18] - The total liabilities amounted to approximately 5.91 billion RMB, an increase from 5.77 billion RMB at the beginning of the year[15] - Total liabilities as of March 31, 2015, were CNY 5,295,052,074.70, an increase from CNY 5,136,765,267.09 at the start of the year[18] - Short-term borrowings increased by 31.17%, reaching approximately 1.47 billion RMB due to additional loans from financial institutions[9] - Short-term borrowings increased to CNY 1,418,281,894.42 from CNY 1,069,331,894.42 at the beginning of the year, reflecting a rise of 32.5%[18] Cash Flow - Net cash flow from operating activities was CNY -151,024,953.65, a decrease of 842.50% compared to the same period last year[5] - The operating cash flow for the current period is a net outflow of ¥151,024,953.65, contrasting with a net inflow of ¥20,340,177.06 in the previous period[24] - The cash flow from financing activities showed a net inflow of ¥164,145,325.47, compared to a net outflow of ¥259,779,417.02 in the previous period, indicating improved cash management[25] Shareholder Information - The total number of shareholders was 115,832 at the end of the reporting period[8] - The largest shareholder, Li Anmin, holds 31.57% of the shares, totaling 317,807,116 shares[8] Earnings Per Share - Basic and diluted earnings per share were both CNY -0.24, compared to CNY -0.06 in the previous year[5] - Basic and diluted earnings per share for Q1 2015 were both CNY -0.24, compared to CNY -0.06 in Q1 2014[21] - The company reported a basic and diluted earnings per share of -¥0.17, compared to -¥0.05 in the previous period, reflecting worsening financial performance[22] Operating Costs and Expenses - Total operating costs for Q1 2015 were CNY 714,237,119.86, down 31.7% from CNY 1,044,794,599.94 year-over-year[20] - The company's management expenses decreased by 31.41%, totaling approximately 35.43 million RMB, mainly due to reduced salaries and repair costs[9] - The total operating expenses increased, with financial expenses rising to ¥43,494,883.30 from ¥38,072,123.84 in the previous period[22] Asset Impairment - The asset impairment loss increased significantly by 880.67%, totaling approximately 147.19 million RMB due to increased receivables[9] - The company experienced a significant increase in asset impairment losses, which rose to ¥96,830,981.71 from ¥13,021,689.57 in the previous period[22] Non-Operating Income - Non-operating income for the period included CNY 7,056,000 from the disposal of non-current assets[6] - The company achieved operating income from non-operating activities of approximately 9.80 million RMB, a 142.14% increase year-on-year[9] Debt Management - The company is actively negotiating repayment plans with related parties to address outstanding debts[10]