GHWL(SH:600603)2016-04-27 16:00Financial Performance - Operating revenue for the period was CNY 771,681.77, a decrease of 65.23% year-on-year[8] - Net profit attributable to shareholders was CNY -10,826,680.40, representing a 41.14% decline compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.056, down 43.59% from the previous year[8] - Net loss for Q1 2016 was 11,512,513.80 RMB, compared to a net loss of 8,548,519.40 RMB in the previous year, representing a 34.4% increase in losses[31] - The net profit for Q1 2016 was -5,975,509.15 RMB, compared to -2,445,147.33 RMB in the same period last year, indicating a significant increase in losses[34] Assets and Liabilities - Total assets decreased by 0.46% to CNY 257,198,708.45 compared to the end of the previous year[8] - Total liabilities increased to ¥410,372,210.88 from ¥400,035,329.52, reflecting a rise in current liabilities[24] - Owner's equity decreased to 29,865,778.95 RMB from 35,841,288.10 RMB, indicating a decline of 16.7%[28] - The company's total assets amounted to 296,283,466.01 RMB, slightly up from 292,144,696.36 RMB year-over-year[28] - Total liabilities increased to 266,417,687.06 RMB, compared to 256,303,408.26 RMB in the previous year, reflecting a 4.4% rise[28] Cash Flow - Net cash flow from operating activities was CNY -23,081,102.28, a decrease of 299.06% year-on-year[8] - The company's cash flow from operating activities showed a significant decline, indicating potential challenges in revenue generation and cost management[36] - Total cash inflow from operating activities was 8,970.98 RMB, significantly lower than 680,469.37 RMB in the previous year[36] - Cash outflow from operating activities totaled 23,090,073.26 RMB, compared to 6,464,283.40 RMB in the same period last year[36] - The net cash flow from financing activities was 6,000,000.00 RMB, a recovery from -13,500,000.00 RMB year-over-year[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,283[12] - The largest shareholder, Chen Tieming, held 15.01% of the shares[12] - The actual controller, Mr. Chen Tieming, has committed not to reduce his shareholding in the company for twelve months starting from July 10, 2015[18] Operational Costs and Expenses - Operating costs fell by 77.60% to ¥468,702.71, also primarily due to decreased lead and zinc sales[16] - Financial expenses surged by 87.23% to ¥4,188,327.59, mainly due to increased interest expenses from higher borrowing[16] - Management expenses rose to 7,306,305.55 RMB, an increase of 15% from 6,356,751.71 RMB year-over-year[31] - The company reported non-recurring losses totaling CNY -181,444.67 during the period[8] Inventory and Prepaid Expenses - Prepaid expenses increased by 163.33% to ¥2,947,409.58, primarily due to advances for film production[15] - Inventory rose by 45.58% to ¥59,645,509.20, mainly attributed to the increase in television drama products[15] - Accounts payable increased by 33.30% to ¥10,371,736.77, primarily due to increased payable amounts for film production[15] Other Financial Metrics - The weighted average return on net assets was -19.73%[8] - The company reported a significant increase in other payables, totaling 200,338,115.68 RMB, compared to 192,606,015.68 RMB in the previous year, marking a rise of 4.0%[28]