SHSTC(SH:600620)2017-05-02 16:00Financial Performance - Operating revenue increased by 43.31% to CNY 12,646,508.37 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 5,651,975.91, compared to a loss of CNY 4,961,101.93 in the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.0082, an improvement from -CNY 0.0108 in the same period last year[6] - Total operating revenue for Q1 2017 was CNY 12,646,508.37, an increase of 43.5% compared to CNY 8,824,783.75 in the same period last year[29] - Net profit for Q1 2017 was a loss of CNY 6,171,219.18, compared to a loss of CNY 5,186,552.44 in Q1 2016, reflecting a deterioration in performance[30] - Operating revenue for Q1 2017 was CNY 979,977.85, a decrease of 4.3% from CNY 1,024,432.50 in the same period last year[33] - Net profit for Q1 2017 was a loss of CNY 685,766.25, compared to a loss of CNY 2,839,637.09 in Q1 2016, showing an improvement[33] - Total comprehensive income for Q1 2017 was a loss of CNY 154,679,132.37, compared to a loss of CNY 645,898,898.60 in Q1 2016[34] Assets and Liabilities - Total assets decreased by 6.99% to CNY 3,108,721,951.49 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 5.89% to CNY 2,548,576,900.79 compared to the end of the previous year[6] - The company’s total assets decreased to CNY 3,108,721,951.49 from CNY 3,342,469,209.84 at the beginning of the year[22] - The company’s total liabilities decreased to CNY 53,069,453.79 from CNY 75,321,004.80 at the beginning of the year[22] - Total liabilities as of March 31, 2017, were CNY 813,878,298.84, a decrease of 7.8% from CNY 882,709,418.34 at the beginning of the year[27] - Shareholders' equity totaled CNY 2,683,912,107.74 as of March 31, 2017, down from CNY 2,838,591,240.11 at the beginning of the year, reflecting a decline of 5.5%[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 19,037,172.22, worsening from a net outflow of CNY 6,405,250.91 in the previous year[6] - The net cash flow from operating activities is CNY -19,037,172.22, a decrease of CNY 12,631,921.31 compared to the same period last year, mainly due to increased cash outflows for labor costs and office expenses[17] - Cash flow from operating activities for Q1 2017 was a net outflow of CNY 19,037,172.22, worsening from a net outflow of CNY 6,405,250.91 in Q1 2016[37] - Total cash inflow from operating activities was $2,003,071.91, down from $35,136,287.88, reflecting a substantial drop in revenue generation[40] - Cash outflow from operating activities increased to $17,790,425.54 from $15,679,942.30, highlighting rising operational costs[40] Investment Activities - The company’s net cash flow from investment activities is CNY 6,226,767.00, an increase of CNY 80,361,562.00 compared to the previous year, mainly due to reduced net cash outflows from investment activities[17] - Investment income for Q1 2017 was CNY 1,934,946.22, significantly higher than CNY 486.90 in the same period last year[33] - Cash inflow from investment activities totaled $9,950,151.54, with cash outflow at $168,821.04, showing a positive investment environment[40] - Investment activities generated a net cash flow of $9,781,330.50, a significant improvement compared to -$89,576,462.00 in the previous period, indicating successful investment recovery[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,143[12] - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., held 25.08% of the shares[12] Expenses - Management expenses increased to CNY 15,138,431.16, an increase of CNY 5,749,974.41 or 61.25% compared to the previous year, primarily due to rising labor costs and office expenses[16] - The company reported a significant increase in management expenses, which rose to CNY 15,138,431.16 in Q1 2017 from CNY 9,388,456.75 in Q1 2016, marking a 60.5% increase[30] Other Financial Metrics - The weighted average return on net assets was -0.22%, compared to -0.13% in the previous year[6] - Other comprehensive income for Q1 2017 showed a loss of CNY 153,993,366.12, compared to a loss of CNY 643,059,261.51 in the same period last year[30] - The company reported a significant increase in prepaid accounts, reaching CNY 1,086,411.08, which is an increase of CNY 943,627.59 or 660.88% compared to the previous year, mainly due to increased prepayments for rent and vehicle purchases[14] - Other receivables decreased to CNY 2,512,477.90, a reduction of CNY 28,780,447.70 or 91.97% compared to the beginning of the year, primarily due to the recovery of equity transfer payments and performance compensation[15]