SCGS(SH:600678)2017-04-28 16:00Financial Performance - Operating revenue increased by 65.05% to CNY 23,811,716.04 compared to the same period last year[6] - Net profit attributable to shareholders was -CNY 8,476,344.18, showing a slight improvement from -CNY 8,597,088.35 in the previous year[6] - The net loss for the company in Q1 2017 was CNY 8,478,973.12, a reduction in loss of 8.41% compared to CNY 9,257,988.24 in the previous year[15] - The company reported a total comprehensive loss of CNY 8,478,973.12 for Q1 2017, compared to a loss of CNY 9,257,988.24 in the same quarter last year[33] - Basic and diluted earnings per share for Q1 2017 remained at -CNY 0.02, unchanged from Q1 2016[33] Cash Flow - Cash flow from operating activities was -CNY 3,478,925.07, an improvement from -CNY 11,951,574.54 in the previous year[6] - Cash received from sales of goods and services was CNY 14,562,085.45, a significant increase of 92.18% from CNY 7,577,144.11 in the same period last year[16] - Operating cash inflow totaled ¥15,278,902.07, compared to ¥7,831,471.69 in the previous period, reflecting a significant increase[40] - Total cash inflow from operating activities was ¥15,157,728.44, compared to ¥7,708,072.19 in the previous period, showing strong revenue growth[42] - The company experienced a net decrease in cash and cash equivalents of -¥3,204,710.08, compared to -¥22,064,492.39 in the previous period, showing improved cash management[41] Assets and Liabilities - Total assets decreased by 1.30% to CNY 340,211,120.15 compared to the end of the previous year[6] - Total current assets decreased from CNY 31,727,560.69 to CNY 29,546,270.19, a decline of approximately 6.9%[25] - Total non-current assets decreased from CNY 312,965,598.21 to CNY 310,664,849.96, a decline of about 0.7%[26] - Total liabilities increased from CNY 340,887,361.98 to CNY 343,877,911.80, an increase of approximately 0.6%[27] - Current liabilities rose from CNY 48,419,761.98 to CNY 51,338,011.80, an increase of about 6.0%[26] Shareholder Information - The total number of shareholders was 59,860, with the largest shareholder holding 20.50% of the shares[10] - The company is undergoing a significant share transfer, with the largest shareholder transferring 20.5% of the company's total shares to a new investor[17] Expenses - The operating cost for Q1 2017 was CNY 21,541,097.59, up 45.54% from CNY 14,800,330.02, driven by increased sales volumes of ore and calcium oxide products[15] - Management expenses for Q1 2017 were CNY 4,712,631.94, compared to CNY 4,213,628.83 in Q1 2016, reflecting a 12% increase[32] - Financial expenses for Q1 2017 were CNY 4,233,757.87, slightly up from CNY 4,142,555.36 in the previous year[32] - Sales expenses for Q1 2017 were CNY 507,237.12, significantly higher than CNY 140,308.35 in Q1 2016, marking a 261% increase[32] Loans and Financing - Short-term borrowings increased by 100% to CNY 5,000,000.00 due to new loans for working capital[14] - The company received a new loan of CNY 5,000,000 from HaiLiang Financial Company during the reporting period[16] - The net cash flow from financing activities was significantly impacted by debt repayment of ¥195,068,633.00[43] Legal and Compliance - The company has engaged legal counsel regarding ongoing litigation related to financial obligations and disputes with third parties[19] Forecast and Future Outlook - The company has forecasted a potential cumulative net loss for the year, but expects a reduction in losses compared to the previous year due to increased production[20]