SPEG(SH:600679)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter was CNY 126,283,668.26, down 4.13% year-on-year[10] - Net profit attributable to shareholders was a loss of CNY 7,948,046.95, compared to a loss of CNY 7,522,668.48 in the same period last year[10] - Total operating revenue for Q1 2014 was ¥126,283,668.26, a decrease of 4.4% compared to ¥131,721,893.94 in the same period last year[31] - The net profit for Q1 2014 was a loss of ¥8,327,847.86, compared to a loss of ¥12,795,166.35 in the previous year[32] - The company experienced a decrease in comprehensive income, with a total of -¥6,832,806.04 compared to -¥7,482,908.31 in the previous year[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,125,307,556.60, a decrease of 4.08% compared to the end of the previous year[10] - The total number of shareholders at the end of the reporting period was 38,414[14] - The total current assets as of March 31, 2014, amounted to CNY 166,724.30, a decrease from CNY 4,487,814.87 at the beginning of the year[25] - The total non-current assets increased to CNY 661,566,107.14 from CNY 629,660,464.72, indicating a growth in long-term investments[26] - The total liabilities decreased to CNY 491,642,694.78 from CNY 531,705,144.28, reflecting a reduction in financial obligations[27] - The total equity attributable to shareholders decreased to CNY 587,758,193.55 from CNY 595,138,435.93, showing a decline in shareholder value[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 23,149,763.13, an improvement of 64.68% compared to a net outflow of CNY 65,537,316.19 in the previous year[19] - The company’s financing activities generated a net cash outflow of CNY 2,569,221.28, a decrease of 45.25% compared to the previous year[19] - The net cash flow from operating activities was -13,390,487.76 RMB, compared to -12,106,497.09 RMB in the previous period, indicating a decline in operational cash flow[38] - Total cash inflow from operating activities was 3,410,264.54 RMB, down from 3,910,662.30 RMB year-over-year[38] - Cash outflow from operating activities totaled 16,800,752.30 RMB, slightly up from 16,017,159.39 RMB in the previous period[38] Investment and Financing Activities - Investment activities resulted in a net cash outflow of ¥39,843,846.68, contrasting with a net inflow of ¥68,713,842.29 in the previous year[37] - The net cash flow from investing activities was -29,796,450.73 RMB, compared to 188,724.62 RMB in the previous period, reflecting significant investment expenditures[38] - The net cash flow from financing activities was -1,507,925.48 RMB, down from -1,852,757.00 RMB in the previous period, indicating reduced financing costs[41] Other Financial Metrics - Cash and cash equivalents decreased to CNY 34,678,551.72 from CNY 79,373,415.69, highlighting liquidity concerns[29] - The accounts receivable increased to CNY 21,700,270.52 from CNY 19,833,073.19, suggesting a rise in credit sales[29] - The company reported a significant increase in prepayments, which rose by 282.67% to CNY 12,056,699.08 due to unbilled transactions from agents[16] - Other income decreased by 49.90% to CNY 139,330.58, primarily due to the absence of government subsidies[20] - The company paid 4,310,717.38 RMB in employee-related cash payments, an increase from 3,559,079.75 RMB in the previous period, indicating higher labor costs[38]