IMS(SH:600556)2016-04-28 16:00Financial Performance - Operating revenue fell by 35.85% to CNY 14,272,258.73 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 2,588,401.28, a decrease of 313.34% compared to the previous year[6] - Basic and diluted earnings per share were both CNY -0.0066, a decrease of 312.90% year-on-year[6] - Total revenue for the first quarter was CNY 14,272,258.73, a decrease of 36% compared to CNY 22,247,202.69 in the same period last year[28] - The net loss for the period was CNY -790,947,079.13, compared to CNY -788,347,444.48 in the previous period, indicating a slight increase in losses[22] - The total comprehensive income for Q1 2016 was CNY 4,487,005.72, a significant improvement from a loss of CNY 998,385.04 in the same period last year[33] Assets and Liabilities - Total assets decreased by 1.25% to CNY 123,046,428.75 compared to the end of the previous year[6] - Current assets totaled CNY 121,705,692.14, slightly down from CNY 123,207,077.90 at the beginning of the year, representing a decrease of approximately 1.22%[20] - Total liabilities amounted to CNY 92,206,253.39, up from CNY 91,158,357.86, reflecting an increase of about 1.15%[22] - The company's total assets decreased to CNY 123,046,428.75 from CNY 124,606,172.83, a decline of approximately 1.26%[22] - Non-current assets totaled CNY 1,340,736.61, down from CNY 1,399,094.93, representing a decrease of about 4.2%[21] - The total equity attributable to shareholders decreased to CNY 30,353,593.95 from CNY 32,953,228.60, a decline of approximately 7.9%[22] Cash Flow - Cash flow from operating activities improved by 35.38%, resulting in a loss of CNY 11,898,503.82[6] - Cash inflow from operating activities totaled CNY 19,291,389.25, while cash outflow was CNY 31,189,893.07, resulting in a net cash flow of -CNY 11,898,503.82[36] - The net cash flow from operating activities was -535,115.70 RMB, compared to -12,964,942.28 RMB in the previous period, indicating an improvement[39] - Cash inflow from operating activities totaled 1,751,162.60 RMB, significantly higher than 8,501.16 RMB in the previous period[39] - Cash outflow from operating activities was 2,286,278.30 RMB, down from 12,973,443.44 RMB in the previous period[39] - The net increase in cash and cash equivalents was -6,958,503.82 RMB, compared to -18,365,230.76 RMB in the previous period[37] Shareholder Information - The total number of shareholders reached 37,315 at the end of the reporting period[9] - The largest shareholder, Wu Mingxiao, holds 14,000,000 shares, accounting for 3.55% of total shares[9] - As of January 9, 2016, Gu Guoping and his concerted actions held a total of 34,716,875 shares, accounting for 8.79% of the total share capital[13] Operational Insights - Accounts receivable increased by 35.70% to RMB 31,145,759.09 due to increased revenue from smart city projects and property management fees[11] - Prepayments surged by 164.11% to RMB 3,573,464.31, attributed to advance payments for engineering and equipment[11] - Inventory rose significantly by 713.58% to RMB 1,731,089.45 due to purchases for smart city project materials[11] - Operating costs fell by 45.00% to RMB 8,892,683.01, reflecting the decrease in property management service projects[12] - Management expenses increased by 117.21% to RMB 6,986,070.22, driven by the expansion of smart city projects[12] Future Outlook - The company plans to continue discussions for a major asset restructuring with Shanghai Yuanyu Electronic Technology Co., Ltd. after terminating negotiations with Shanghai Feixun[13] - The company anticipates that the cumulative net profit for the year may experience significant changes compared to the previous year[17] - The company has not disclosed any new product developments or market expansion strategies in this report[6]