SBT(SH:600608)2015-04-27 16:00Financial Performance - Operating revenue fell by 36.72% to CNY 38,821,121.35 year-on-year[7] - Net cash flow from operating activities decreased by 155.34% to CNY -9,852,175.33 compared to the same period last year[7] - Net profit attributable to shareholders was CNY -6,219,105.08, a slight improvement from CNY -7,414,155.28 in the previous year[7] - Basic and diluted earnings per share remained at CNY -0.02[7] - Operating revenue for the current period was ¥38,821,121.35, a decline of 36.72% compared to the previous year[13] - The net loss for Q1 2015 was CNY 6,364,779.13, compared to a net loss of CNY 7,692,470.63 in Q1 2014, indicating an improvement[26] - Total comprehensive income attributable to the parent company was -6,201,845.60 RMB, compared to -7,412,418.78 RMB in the previous period, showing an improvement of approximately 16.3%[27] - Net profit for the first quarter was -3,150,627.66 RMB, a decrease from -5,784,010.97 RMB year-over-year, indicating a reduction in losses by about 45.4%[31] - Operating revenue for the period was 42,791,243.42 RMB, down from 75,769,121.20 RMB in the previous year, reflecting a decline of approximately 43.6%[32] Assets and Liabilities - Total assets decreased by 3.05% to CNY 189,255,809.93 compared to the end of the previous year[7] - The total assets as of March 31, 2015, were ¥189,255,809.93, down from ¥195,217,776.36 at the beginning of the year[20] - Total liabilities as of March 31, 2015, amounted to CNY 113,088,551.31, a slight decrease from CNY 115,081,853.68 at the beginning of the year[24] - The total assets decreased to CNY 106,453,542.60 from CNY 111,597,472.63 at the start of the year, reflecting a decline of 4.4%[24] - The company's total equity was reported at CNY -6,635,008.71, worsening from CNY -3,484,381.05 at the beginning of the year[24] Cash Flow - Cash flow from operating activities decreased by 43.52%, totaling ¥42,791,243.42, indicating a decline in sales[13] - Cash and cash equivalents decreased significantly to CNY 2,044,821.58 from CNY 11,178,372.00 at the beginning of the year, a decline of 81.7%[23] - The cash and cash equivalents at the end of the period were 16,407,744.76 RMB, down from 11,399,138.34 RMB year-over-year, reflecting a decrease of approximately 44.3%[34] - The company incurred financing cash outflows of 630,000.00 RMB, compared to 35,919,750.00 RMB in the previous period, indicating a substantial reduction in financing activities[34] - The net increase in cash and cash equivalents was -9,133,550.42, reflecting a decrease in liquidity[37] - The ending balance of cash and cash equivalents was 2,044,821.58, down from the beginning balance of 11,178,372.00[37] Shareholder Information - The total number of shareholders reached 37,807[12] - The largest shareholder, Kunming Transportation Investment Co., Ltd., holds 12.01% of the shares[12] - The second-largest shareholder, Kunming Industrial Development Investment Co., Ltd., holds 6.32% of the shares[12] Operational Insights - The company reported a non-operating income and expenses of CNY -12,740.52[10] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The cost of goods sold decreased by 34.53%, amounting to ¥36,782,492.16, reflecting reduced sales[13] - The company reported a significant increase in prepaid accounts, rising by 164.90% to ¥15,556,460.29 due to increased procurement via advance payments[13] - The company anticipates a potential loss for the first half of 2015 due to a shrinking market for its products and rising costs[16] - Fixed asset investment decreased by 90.08%, with cash payments for fixed assets totaling ¥65,765.00[14] - The company has not made substantial progress on its major asset restructuring project, which is still in the preliminary research phase[15] - Management expenses decreased to 1,497,411.59 RMB from 1,957,237.95 RMB, a reduction of about 23.5%[30] - Financial expenses were reported at 1,423,810.85 RMB, down from 1,631,860.95 RMB, indicating a decrease of approximately 12.7%[30] - The company reported an asset impairment loss of 229,405.22 RMB, compared to a gain of 64,451.61 RMB in the previous period, marking a significant shift in asset valuation[30]