LIONHEAD(SH:600539)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -5,735,853.79, a decrease of 323.98% year-on-year[7] - Operating revenue increased by 4230.10% to CNY 10,637,525.74 compared to the same period last year[7] - Basic earnings per share were CNY -0.025, a decrease of 316.67% compared to the previous year[7] - The company reported an operating loss of CNY -10,362,619.09 for Q1 2016, compared to a loss of CNY -2,258,234.64 in Q1 2015, reflecting a deterioration in performance[28] - Net loss attributable to shareholders for Q1 2016 was CNY -5,735,853.79, compared to a loss of CNY -1,352,872.36 in the previous year, marking an increase in losses of approximately 324%[29] - The company reported a total comprehensive loss of CNY -10,249,814.12 for Q1 2016, compared to a loss of CNY -2,242,548.36 in the same period last year[29] Assets and Liabilities - Total assets decreased by 0.61% to CNY 972,530,427.21 compared to the end of the previous year[7] - The company's current assets totaled CNY 178,350,757.77, slightly down from CNY 178,868,998.90 at the beginning of the year[20] - The total liabilities increased to CNY 278,810,582.35 from CNY 274,532,573.09 at the beginning of the year, indicating a rise in financial obligations[21] - Total liabilities as of the end of Q1 2016 amounted to CNY 127,302,725.69, an increase from CNY 124,153,165.17 at the end of the previous year[24] - The total equity attributable to shareholders decreased to CNY 472,503,790.55 from CNY 481,085,688.75, a decline of about 1.2%[21] - Total equity decreased to CNY 489,353,944.71 from CNY 489,551,752.19, indicating a slight decline in shareholder equity[24] Cash Flow - Cash flow from operating activities improved by 18.10%, reaching CNY -6,234,684.67[7] - Cash inflow from sales of goods and services reached ¥7,675,863.43, a significant increase from ¥1,223,451.20 in the previous period[34] - Total cash inflow from operating activities amounted to ¥8,901,427.83, compared to ¥1,223,451.20 in the prior period[34] - Net cash outflow from operating activities was ¥6,234,684.67, an improvement from a net outflow of ¥7,612,432.23 in the previous period[34] - Cash inflow from financing activities totaled ¥77,522,500.00, with a net cash inflow of ¥6,468,895.95 after outflows[35] - The net increase in cash and cash equivalents was ¥-4,229,722.42, compared to an increase of ¥796,270.23 in the previous period[35] Shareholder Information - The number of shareholders reached 12,419 at the end of the reporting period[9] - The company has not indicated any significant changes in its profit forecast or major commitments from shareholders[18] Strategic Initiatives - The company plans to transfer all shares held by its controlling shareholder to strategic investors to enhance sustainable development capabilities[15] - The company is undergoing a major asset restructuring, with agreements signed with potential buyers on April 8, 2016[16] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[28] Operational Costs - Total operating costs for Q1 2016 reached CNY 21,000,144.83, up from CNY 2,503,899.56, indicating an increase of about 738% year-over-year[28]