But'one(SH:600455)2015-04-28 16:00Financial Performance - Operating revenue increased by 8.04% to CNY 46,729,923.00 year-on-year[6] - Net profit attributable to shareholders was CNY 1,770,088.99, a significant recovery from a loss of CNY 157,887.91 in the same period last year[6] - The weighted average return on net assets improved to 1.34% from -0.13% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.028, compared to a loss of CNY 0.003 in the previous year[6] - Total operating revenue for Q1 2015 was CNY 46,729,923, an increase of 10.4% compared to CNY 43,250,754.56 in the same period last year[28] - Net profit for Q1 2015 reached CNY 2,360,415.91, compared to CNY 1,066,658.98 in the previous year, marking a significant increase of 121.5%[28] - The net profit attributable to the parent company was CNY 1,770,088.99, a turnaround from a loss of CNY 157,887.91 in the same quarter last year[28] Asset and Liability Changes - Total assets decreased by 6.02% to CNY 672,837,203.63 compared to the end of the previous year[6] - The company's current assets totaled CNY 144,719,572.22, down from CNY 186,500,235.24 at the beginning of the year, indicating a decline of approximately 22.4%[22][24] - The total liabilities decreased from CNY 539,352,388.49 to CNY 493,895,373.71, reflecting a reduction of about 8.4%[24] - Total assets as of March 31, 2015, were CNY 184,827,251.45, down from CNY 195,930,611.36 at the beginning of the year, indicating a decrease of 5.3%[27] - Total liabilities decreased to CNY 88,655,951.27 from CNY 99,725,638.03, a reduction of 11.1%[27] Cash Flow and Equivalents - The net cash flow from operating activities was negative at CNY -30,864,339.38, slightly worse than CNY -29,178,413.06 in the same period last year[6] - Cash and cash equivalents decreased by 31.40% to ¥60,481,504.77 due to the repayment of loans and interest by a subsidiary[13] - The company's cash and cash equivalents were CNY 60,481,504.77, down from CNY 88,161,133.95, representing a decline of approximately 31.4%[22][24] - The company’s cash and cash equivalents decreased to CNY 13,035,327.48 from CNY 23,883,660.42, a decline of 45.4%[27] - The net increase in cash and cash equivalents for Q1 2015 was -10,848,332.94, compared to -3,955,159.28 in the same period last year[36] Shareholder Information - The total number of shareholders was 6,169 at the end of the reporting period[10] - The largest shareholder, Xi'an Economic Development Group, held 20.40% of the shares, totaling 12,740,232 shares[11] Government and Non-Recurring Items - Government subsidies recognized in the current period amounted to CNY 700,000.33, contributing positively to the financial results[8] - Non-recurring gains and losses totaled CNY 680,374.88 for the period[8] Operational Changes - The company decided to terminate the major asset restructuring plan originally proposed in 2014 due to non-compliance with regulations[15] - The company appointed Wang Ping as the new chairman on March 23, 2015, following the resignation of Zhang Jin Feng[15] - The company plans to hold the 2014 annual shareholders' meeting on May 20, 2015, to discuss various reports and proposals[16] Inventory and Receivables - Accounts receivable notes decreased by 56.10% to ¥180,000.00, attributed to the payment of bank acceptance bills[13] - Other receivables increased by 35.44% to ¥6,695,181.60, due to an increase in performance guarantees for computer information business[13] - The accounts receivable stood at CNY 24,515,101.93, slightly down from CNY 25,013,256.43, indicating a decrease of about 2%[22][24] - The company's inventory decreased from CNY 15,943,822.12 to CNY 14,334,419.62, a reduction of approximately 10.1%[22][24]