IMS(SH:600556)2015-04-27 16:00Financial Performance - Operating revenue increased by 124.09% to CNY 22,247,202.69 compared to the same period last year[6] - Net profit attributable to shareholders increased by 280.63% to CNY 1,233,700.30 compared to the same period last year[6] - Basic earnings per share rose by 282.35% to CNY 0.0031 compared to the same period last year[6] - Total operating revenue for Q1 2015 was CNY 22,247,202.69, a significant increase of 124.0% compared to CNY 9,927,966.20 in the same period last year[26] - Gross profit for Q1 2015 was CNY 2,497,943.34, compared to a gross loss of CNY 827,565.82 in Q1 2014[27] - Net profit for Q1 2015 was CNY 1,233,700.30, a turnaround from a net loss of CNY 683,017.27 in the same quarter last year[27] - Earnings per share for Q1 2015 were CNY 0.0031, compared to a loss per share of CNY -0.0017 in Q1 2014[28] - The total comprehensive income for Q1 2015 was CNY 1,233,700.30, compared to a comprehensive loss of CNY -683,017.27 in Q1 2014[28] Assets and Liabilities - Total assets increased by 14.31% to CNY 62,267,822.59 compared to the end of the previous year[6] - Total liabilities rose to CNY 59.05 million from CNY 52.49 million, indicating an increase of about 12.0%[20] - Accounts receivable increased by 330.98% compared to the beginning of the year due to increased sales revenue[13] - Accounts payable increased by 2330.13% compared to the beginning of the year due to increased procurement costs from higher sales[13] - The company's equity attributable to shareholders increased to CNY 3.22 million from CNY 1.98 million, reflecting a growth of approximately 62.5%[20] Cash Flow - Cash flow from operating activities decreased by 275.22% to CNY -18,412,353.46 compared to the same period last year[6] - The net cash flow from operating activities for Q1 2015 was -18,412,353.46 RMB, compared to -4,907,021.94 RMB in the same period last year, indicating a significant decline[33] - Total cash inflow from operating activities was 23,754,568.61 RMB, while cash outflow was 42,166,922.07 RMB, resulting in a net cash flow deficit[33] - The company's cash and cash equivalents decreased to CNY 25.36 million from CNY 30.73 million, a decline of about 17.5%[18] - The cash and cash equivalents at the end of Q1 2015 were 27,364,919.62 RMB, down from 43,064,232.51 RMB at the end of the previous year[34] - The company experienced a significant increase in cash payments related to operating activities, totaling 31,383,889.51 RMB, compared to 8,082,801.81 RMB in the previous year[33] - The cash inflow from other operating activities was 8,501.16 RMB, a decrease from 161,233.10 RMB in the same period last year[34] - The company’s cash flow management strategies may need to be reassessed given the substantial cash outflows and net losses reported[33] Investment and Financing - The company plans to raise up to CNY 2,350 million through a private placement to develop smart city business[12] - The net amount of raised funds is planned to be invested in the Smart City R&D and Operation Center project, totaling CNY 241.23 million[14] - The company is undergoing a non-public stock issuance process, with the price set at CNY 3.65 per share, pending approval from the China Securities Regulatory Commission[14] - The company has committed to using the remaining funds to support the operational capital of the Smart City business, aiding in its strategic transformation[14] Operating Costs - The company reported a significant increase in operating costs by 129.76% compared to the same period last year due to the consolidation of a wholly-owned subsidiary[13] - Total operating costs for Q1 2015 were CNY 19,749,259.35, up from CNY 10,755,532.02, reflecting a year-over-year increase of 83.5%[26] - The company reported a significant increase in prepayments to CNY 1.90 million from CNY 0.62 million, a rise of approximately 205%[18]