SBT(SH:600608)2014-04-28 16:00Financial Performance - Total assets decreased by 5.27% to CNY 215,776,265.35 compared to the end of the previous year[10] - Net assets attributable to shareholders decreased by 714.49% to CNY -6,374,970.76 compared to the end of the previous year[10] - Revenue increased by 6.72% to CNY 61,350,939.51 compared to the same period last year[10] - Net profit attributable to shareholders decreased by 23.66% to CNY -7,412,418.78 compared to the same period last year[10] - Basic earnings per share remained at CNY -0.02, unchanged from the same period last year[10] - Net loss for Q1 2014 was CNY 7,692,470.63, compared to a net loss of CNY 5,953,224.50 in Q1 2013, indicating a deterioration in financial performance[27] - The company’s total equity decreased from CNY 8,144,045.58 to CNY 2,360,034.60, a decline of approximately 71% year-over-year[24] Cash Flow - Operating cash flow increased by 205.70% to CNY 17,804,257.43 compared to the same period last year[10] - Cash inflows from operating activities for Q1 2014 amounted to CNY 77,149,350.17, significantly higher than CNY 51,918,857.49 in the same period last year, marking a growth of 48.5%[33] - In Q1 2014, the net cash flow from operating activities was ¥17,804,257.43, a significant improvement compared to a net outflow of ¥16,844,194 in the same period last year[34] - The total cash outflow from operating activities amounted to ¥59,345,092.74, down from ¥68,763,051.49 in Q1 2013, indicating a reduction of approximately 13.5%[34] - The company reported a net decrease in cash and cash equivalents of ¥18,778,367.36 for the quarter, compared to a decrease of ¥12,909,485.41 in Q1 2013[36] - The ending balance of cash and cash equivalents was ¥11,399,138.34, down from ¥25,886,589.94 at the beginning of the quarter[36] Shareholder Information - The total number of shareholders was 32,983 at the end of the reporting period[12] - The largest shareholder, Kunming Transportation Investment Co., Ltd., holds 12.01% of shares, totaling 39,486,311 shares[13] Assets and Liabilities - Cash and cash equivalents decreased by 62.23% to ¥11,399,138.34 from ¥30,177,505.70 due to repayment of short-term loans[14] - Accounts receivable increased by 97.57% to ¥4,961,000.00 from ¥2,511,016.00, attributed to an increase in bill settlements[14] - Short-term borrowings decreased by 72.92% to ¥13,000,000.00 from ¥48,000,000.00 due to repayment of short-term loans[14] - Other current assets increased by 124.04% to ¥34,536.30 from ¥15,415.53, reflecting an increase in other current asset holdings[14] - Total liabilities decreased to ¥211,039,916.94 from ¥215,347,012.88, while total assets decreased to ¥215,776,265.35 from ¥227,775,831.91[20] - Total liabilities increased slightly from CNY 118,377,212.16 to CNY 118,707,913.80, representing a year-over-year increase of 0.3%[24] Operating Costs and Expenses - Total operating costs for Q1 2014 were CNY 66,784,096.46, up from CNY 64,191,225.00, reflecting a year-over-year increase of 4.1%[27] - The company reported a significant increase in sales expenses, which rose to CNY 2,559,851.86 from CNY 2,042,751.47, an increase of 25.2% year-over-year[27] - Management expenses decreased by 50.67% to ¥5,405,603.95 from ¥10,957,179.46 due to reduced management expenditure and changes in consolidation scope[14] - Financial expenses increased by 30.05% to ¥2,383,632.26 from ¥1,832,863.95, as cumulative borrowings exceeded the previous year[14] Investment Performance - Investment income turned negative at -¥2,261,050.18 compared to a positive ¥346,285.51, due to operating losses from associated enterprises[14] - The investment loss for Q1 2014 was CNY 2,261,050.18, compared to a gain of CNY 346,285.51 in Q1 2013, indicating a negative shift in investment performance[27] Other Income - The company reported a non-operating income of CNY 1,736.5 during the period[11] - Other income decreased by 99.84% to ¥1,736.50 from ¥1,053,251.24, reflecting a reduction in non-recurring income[14] - The cash flow from investment activities showed a net outflow of ¥662,874.79, which is an increase in outflow compared to ¥230,061.41 in the previous year[35] - The company received cash from other operating activities amounting to ¥4,733,119.24, down from ¥6,419,681.25 in Q1 2013, indicating a decline of about 26.4%[38]