GHWL(SH:600603)2015-04-29 16:00Financial Performance - Operating revenue decreased by 35.88% to CNY 2,219,216.49 compared to the same period last year[12] - Net profit attributable to shareholders was CNY -7,670,936.65, compared to CNY -2,533,319.91 in the same period last year[7] - The weighted average return on net assets was -19.73%, compared to -17.28% in the previous year[7] - Operating profit for Q1 2015 was a loss of CNY 8,548,519.40, compared to a loss of CNY 2,904,509.62 in Q1 2014[24] - Basic and diluted earnings per share for Q1 2015 were both CNY -0.0394, compared to CNY -0.0130 in Q1 2014[25] - Total operating revenue for Q1 2015 was CNY 2,219,216.49, a decrease of 35.9% compared to CNY 3,460,865.32 in the same period last year[24] - Total operating costs increased to CNY 10,479,413.58, up 64.7% from CNY 6,365,374.94 in Q1 2014[24] - Investment losses amounted to CNY -288,322.31, indicating challenges in investment performance during the quarter[24] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -5,783,814.03, a decrease of 160.73% compared to the same period last year[7] - Cash flow from operating activities showed a net outflow of CNY -5,783,814.03, a significant decline from a net inflow of CNY 9,524,267.96 in the previous year[27] - The company reported a net cash outflow from investing activities of -¥116,145.00, indicating no significant investment returns during the quarter[28] - Cash inflow from financing activities was ¥1,500,000.00, with cash outflow for debt repayment amounting to ¥15,000,000.00, leading to a net cash flow of -¥13,500,000.00 from financing activities[28] - The ending cash and cash equivalents balance for Q1 2015 was ¥4,130,212.33, down from ¥23,414,026.36 at the beginning of the period[28] - The cash flow from other operating activities was ¥19,008,331.75, a substantial increase from ¥65,211.46 in the previous year[30] - The cash and cash equivalents decreased by ¥19,283,814.03 during the quarter, contrasting with an increase of ¥2,678,122.96 in the previous year[28] Assets and Liabilities - Total assets decreased by 5.08% to CNY 380,432,870.08 compared to the end of the previous year[7] - Net assets attributable to shareholders decreased by 17.96% to CNY 35,050,206.53 compared to the end of the previous year[7] - The total liabilities of the company as of March 31, 2015, were CNY 298,396,098.57, down from CNY 310,205,906.01 at the beginning of the year[19] - Total liabilities amounted to CNY 239,676,519.37, slightly down from CNY 241,427,576.74 in the previous period[22] - The company's total current assets decreased from CNY 88,856,992.49 at the beginning of the year to CNY 67,507,940.16 by the end of March 2015[18] - The company reported a negative retained earnings of CNY -776,664,102.08 as of March 31, 2015, compared to CNY -768,993,165.43 at the beginning of the year[19] Strategic Initiatives - The company plans to raise CNY 50 million through a private placement to repay loans and support its film and television business[12] - The company is currently undergoing a review process for its private placement plan, which was approved by the board and shareholders[13] - The company has established a dedicated film and television management team to enhance its core competitiveness in the film and culture industry[14] - The company plans to leverage Beijing's cultural resources to develop promising film and television projects[14] - The company is in the process of establishing a new film and television communication company in Beijing[14] - The company has engaged in collaborations with well-known enterprises in the industry to enhance its film and culture business[14] - The company has committed to a three-year shareholder dividend return plan (2014-2016), prioritizing cash dividends when profits allow[16] Management and Expenses - The company reported a significant increase in management expenses to CNY 6,356,751.71, up from CNY 5,532,012.33 in Q1 2014[24] - The company paid ¥390,205.70 in employee compensation, an increase from ¥341,489.36 in the same period last year[30]