SHSTC(SH:600620)2016-04-28 16:00Financial Performance - Operating revenue for the period was CNY 8,824,783.75, a decrease of 48.05% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 4,961,101.93, a decrease of 108.65% year-on-year[6] - Basic and diluted earnings per share were both CNY -0.0108, a decrease of 108.62% year-on-year[6] - Total operating revenue decreased to ¥8,824,783.75 from ¥16,985,495.74, representing a decline of approximately 48% year-over-year[27] - Operating profit turned negative at -¥5,249,583.78 compared to a profit of ¥58,161,235.42 in the previous period[29] - Net profit decreased significantly to -¥5,186,552.44 from ¥57,924,919.14, indicating a substantial loss compared to the previous year[29] - Total operating costs decreased to ¥13,816,285.95 from ¥15,856,570.00, a reduction of about 13% year-over-year[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 6,405,250.91, a decrease of 1,587.07% compared to the same period last year[6] - The net cash flow from operating activities was a negative RMB 64.05 million, a decrease of RMB 68.36 million or 1587.07% compared to the previous year[14] - Cash flow from operating activities showed a net outflow of -¥6,405,250.91 compared to a positive inflow of ¥430,730.65 in the previous period[33] - The cash flow from investment activities was heavily impacted by an investment payment of ¥89,500,000.00 during the quarter[36] - The cash and cash equivalents net decrease for the quarter was ¥70,120,116.42, compared to an increase of ¥12,898,771.19 in the previous year[36] Assets and Liabilities - Total assets decreased by 16.08% to CNY 4,527,428,026.09 compared to the end of the previous year[6] - Total liabilities decreased from ¥1,199,720,240.27 to ¥980,682,142.32, a decline of around 18.3%[20] - Total equity decreased from ¥4,194,991,697.72 to ¥3,546,745,883.77, a reduction of about 15.4%[21] - Total non-current assets decreased from ¥4,849,016,363.32 to ¥4,000,798,688.88, a decline of about 17.5%[24] - Current liabilities decreased from ¥69,600,854.40 to ¥64,915,843.62, a reduction of about 6.1%[20] - Non-current liabilities decreased from ¥1,130,119,385.87 to ¥915,766,298.70, a decrease of approximately 19%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,948[10] - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., held 25.08% of the shares[10] - The company’s major shareholders have committed to not reducing their holdings in the company within the specified period, having already increased their stake by 2.08%[16] - The company has accumulated a total of 9,544,451 shares, representing approximately 2.08% of the total share capital as of January 28, 2016[38] Government Support - The company received government subsidies amounting to CNY 173,400.00 during the reporting period[8] - The company received fiscal support funds amounting to RMB 173,400, marking a significant increase of 412,757.14% compared to the previous year[13] Other Financial Metrics - The weighted average return on equity decreased by 6.76 percentage points to -0.13%[6] - Management expenses increased to ¥9,388,456.75 from ¥7,583,055.07, reflecting a rise of approximately 24% year-over-year[27] - Investment income decreased significantly to -¥258,081.58 from ¥57,032,309.68, indicating a loss in investment returns[29] - Other comprehensive income after tax showed a significant loss of -¥643,059,261.51 compared to a gain of ¥7,811,534.20 in the previous period[29] - Total comprehensive income amounted to -¥648,245,813.95, a stark contrast to the previous total of ¥65,736,453.34[29]