LIONHEAD(SH:600539)2015-04-24 16:00Financial Performance - Operating revenue for the period was CNY 245,664.92, representing an 87.58% decrease year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 1,352,872.36, an improvement of 58.68% compared to the previous year's loss[6] - The company reported a net loss of CNY -347,971,120.96, compared to a loss of CNY -346,618,248.60 in the previous period[22] - Total revenue for the first quarter was CNY 245,664.92, a significant decrease from CNY 1,978,257.12 in the previous period[29] - Total operating revenue for Q1 2015 was CNY 190,210.20, a significant decrease of 90.39% compared to CNY 1,978,257.12 in the same period last year[32] - Operating profit for Q1 2015 was CNY 3,143,630.67, compared to an operating loss of CNY 2,492,097.78 in the previous year[32] - Net profit for Q1 2015 reached CNY 3,159,316.95, a turnaround from a net loss of CNY 2,476,411.50 in Q1 2014[33] - Total comprehensive income for Q1 2015 was CNY 3,159,316.95, compared to a total comprehensive loss of CNY -2,476,411.50 in the same period last year[33] Cash Flow - The net cash flow from operating activities was a negative CNY 7,612,432.23, showing a 41.90% improvement from the previous year[6] - Cash flow from operating activities showed a net outflow of CNY -7,612,432.23, improving from CNY -13,101,561.10 in Q1 2014[36] - Operating cash inflow for the first quarter was CNY 1,223,451.20, down 89.39% from CNY 11,511,614.59 in the previous period[38] - Operating cash outflow totaled CNY 1,940,099.19, a decrease of 83.93% compared to CNY 12,049,224.24 in the previous period[38] - Net cash flow from operating activities was negative CNY 716,647.99, worsening from negative CNY 537,609.65 in the previous period[39] - Cash inflow from investment activities was CNY 17,365,053.72, while cash outflow was CNY 8,956,351.26, resulting in a net cash inflow of CNY 8,408,702.46[36] - Net cash flow from investing activities was negative CNY 214,000.00, compared to negative CNY 673,765.00 in the previous period[39] - Net cash flow from financing activities was CNY 50,000,000.00, indicating a significant inflow[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 924,986,531.20, a 0.37% increase compared to the end of the previous year[6] - Total assets increased to CNY 924,986,531.20 from CNY 921,597,222.97, reflecting a growth of approximately 0.4%[21] - Current assets decreased slightly to CNY 141,334,150.63 from CNY 142,945,464.63, a decline of about 1.1%[20] - Non-current assets rose to CNY 783,652,380.57 from CNY 778,651,758.34, indicating an increase of approximately 0.4%[21] - Total liabilities increased to CNY 225,672,567.00 from CNY 220,040,710.41, representing a growth of about 2.9%[22] - Owner's equity decreased to CNY 699,313,964.20 from CNY 701,556,512.56, a decline of approximately 0.3%[22] Shareholder Information - The number of shareholders at the end of the reporting period was 18,116[11] - The largest shareholder, Taiyuan Shitou Group Co., Ltd., held 52,770,000 shares, accounting for 22.94% of total shares[11] Accounts Receivable and Inventory - Accounts receivable decreased by 32.15% compared to the previous year due to bill discounting[12] - Accounts receivable decreased to CNY 30,677,397.67 from CNY 33,951,303.81, a decline of approximately 9.0%[20] - Inventory increased to CNY 29,696,362.63 from CNY 27,896,137.93, indicating a growth of about 6.5%[20] Operating Costs and Expenses - Total operating costs decreased by 47.97% year-on-year, attributed to the trial production phase of engineering projects[13] - Cash received from other operating activities decreased by 100% compared to the previous year due to the absence of bank interest income[14] - The company reported a significant reduction in management expenses, down to CNY 294,639.49 from CNY 6,659,793.11 year-over-year[32] - Sales expenses decreased to CNY 54,586.85 from CNY 115,432.66, indicating improved cost management[32]