WSBE(SH:600421)2015-04-29 16:00Financial Performance - Operating revenue fell by 18.03% to CNY 10,387,973.51 year-on-year[7] - Net profit attributable to shareholders decreased by 72.71% to CNY 76,975.20 compared to the same period last year[7] - The company reported a significant decline in both revenue and profit, indicating potential challenges ahead[11] - The net profit for Q1 2015 was CNY 280,168.70, a decrease of 53.5% compared to CNY 601,858.46 in the previous period[25] - The total profit for Q1 2015 was CNY 570,960.01, down from CNY 601,858.46, reflecting a decline of 5.1%[25] - Operating profit for Q1 2015 was CNY 312,960.01, compared to CNY 601,858.46 in the previous period, indicating a decrease of 48.0%[25] Cash Flow - Net cash flow from operating activities turned negative at CNY -8,945,051.69, a decrease of 299.40% year-on-year[7] - The company reported a net cash outflow from operating activities of CNY -8,945,051.69, contrasting with a cash inflow of CNY 4,485,925.11 in the same period last year[29] - Cash inflows from operating activities totaled $670,000.00, down from $10,255,094.14 in the prior period, reflecting a decline of approximately 93.5%[32] - The company experienced a net decrease in cash and cash equivalents of $4,500,355.76, contrasting with an increase of $4,471,479.96 in the previous period[33] - The ending cash and cash equivalents balance was $310,132.11, a decrease from $5,261,988.31 in the previous period, representing a decline of approximately 94.1%[33] Assets and Liabilities - Total assets decreased by 9.76% to CNY 83,518,103.78 compared to the end of the previous year[7] - Total assets as of March 31, 2015, amounted to CNY 48,239,866.44, down from CNY 52,825,038.05 at the beginning of the year[21] - Total liabilities were CNY 49,981,951.81, a decrease from CNY 54,034,661.15 at the start of the year[22] - The company's total equity was reported at CNY -1,742,085.37, compared to CNY -1,209,623.10 at the beginning of the year[22] - The company’s total equity attributable to shareholders was CNY 5,533,776.62, slightly up from CNY 5,456,801.42[18] Shareholder Information - The total number of shareholders reached 9,493 at the end of the reporting period[10] - Wuhan New Generation Technology Co., Ltd. held 17.50% of shares, making it the largest shareholder[10] Operating Costs - Total operating costs for Q1 2015 were CNY 10,075,013.50, down 16.54% from CNY 12,071,675.01 year-over-year[24] - Operating costs included CNY 8,062,196.30 in operating expenses, which decreased by 25.69% from CNY 10,858,925.06 in the previous year[24] - Sales expenses for Q1 2015 were CNY 170,640.06, down from CNY 215,484.05, a reduction of 20.8%[25] - Management expenses increased to CNY 1,789,410.05 from CNY 977,527.88, representing an increase of 82.8%[25] Earnings Per Share - Basic earnings per share dropped by 60.00% to CNY 0.0004 per share[7] - The basic earnings per share for Q1 2015 were CNY 0.0004, down from CNY 0.001 in the previous period[26] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 258,000.00[8]