Hunan (SH:600476)2015-04-27 16:00Financial Performance - Operating revenue increased by 103.26% to CNY 39,649,894.86 compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 4,334,583.70, slightly improved from a loss of CNY 4,355,910.38 in the previous year[5] - The diluted earnings per share remained at CNY -0.027, unchanged from the previous year[5] - Total revenue for Q1 2015 was CNY 39,649,894.86, a significant increase of 102.5% compared to CNY 19,507,424.44 in the same period last year[21] - The net loss for Q1 2015 was CNY 4,334,800.31, slightly improved from a net loss of CNY 4,355,974.73 in Q1 2014[21] - The net loss for Q1 2015 was CNY 4,308,702.44, compared to a net loss of CNY 3,525,685.73 in Q1 2014, indicating a deterioration in profitability[25] - The company reported a total comprehensive loss of CNY 4,308,702.44 for Q1 2015, compared to a loss of CNY 3,525,685.73 in Q1 2014, reflecting ongoing financial challenges[25] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -44,473,044.39, compared to CNY -16,332,550.90 in the previous year[5] - Cash and cash equivalents decreased by 69.21% to ¥22,219,116.96 from ¥72,168,261.01 due to increased cash outflows from operating activities[11] - Cash flow from operating activities showed a net outflow of CNY 44,473,044.39, worsening from a net outflow of CNY 16,332,550.90 in the previous year[26] - Cash inflow from financing activities was CNY 28,790,090.36, a substantial increase from CNY 1,641,093.90 in the same period last year[27] - Total cash outflow from operating activities was CNY 81,472,930.44, compared to CNY 37,658,501.05 in the previous year, highlighting increased operational costs[26] Assets and Liabilities - Total assets decreased by 6.83% to CNY 347,316,881.29 compared to the end of the previous year[5] - The company’s total assets decreased to ¥347,316,881.29 from ¥372,778,956.48, reflecting a reduction in cash and cash equivalents[15] - The total liabilities decreased to ¥120,803,203.90 from ¥141,930,478.78, indicating a reduction in financial obligations[16] - The company's total equity decreased to CNY 228,478,785.23 from CNY 232,787,487.67, a decline of 1.9%[19] Shareholder Information - The number of shareholders reached 14,564 by the end of the reporting period[8] - The largest shareholder, Hunan Postal Company, holds 32.98% of the shares, totaling 53,128,388 shares[9] - The second-largest shareholder, Postal Science Research Planning Institute, holds 11.18% with 18,018,000 shares[9] Operating Costs and Expenses - Total operating costs rose by 78.75% to ¥44,652,795.17 from ¥24,979,889.85, attributed to the increase in revenue[11] - The company incurred total operating expenses of CNY 43,676,536.32 in Q1 2015, compared to CNY 22,221,964.12 in Q1 2014, reflecting an increase of approximately 96%[25] - The company recorded a 910.14% increase in taxes paid, amounting to ¥1,986,633.67 compared to ¥196,668.86[11] - Accounts payable decreased by 35.12% to ¥34,807,060.44 from ¥53,645,388.68 due to payments made for goods[11] - The company reported a 142.76% increase in prepayments to ¥11,890,178.52 from ¥4,897,937.42, reflecting higher material payments[11]