COMEC(SH:600685)2015-04-28 16:00Financial Performance - Operating revenue for the period was CNY 3.93 billion, reflecting a 15.18% increase year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 203.68 million, compared to a loss of CNY 166.69 million in the same period last year[6] - Basic and diluted earnings per share were both CNY -0.1564, indicating a decline from CNY -0.1280 in the previous year[6] - The company's operating revenue for Q1 2015 was ¥1,185,777,193.36, a decrease of 24.0% compared to ¥1,560,168,989.83 in the same period last year[28] - The net profit for Q1 2015 was a loss of ¥97,704,219.83, compared to a loss of ¥55,246,542.63 in the previous year, indicating a worsening performance[29] - The total comprehensive income for Q1 2015 was a loss of ¥203,565,314.65, compared to a loss of ¥170,369,728.13 in the same period last year[27] - The basic and diluted earnings per share for Q1 2015 were both -¥0.1564, compared to -¥0.1280 in the previous year[27] Assets and Liabilities - Total assets increased by 4.11% to CNY 45.54 billion compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 15.80% to CNY 10.03 billion[6] - The total number of shareholders at the end of the reporting period was 55,694[10] - The largest shareholder, HKSCC NOMINEES LIMITED, held 57.10% of the shares, totaling 588,383,880 shares[10] - The total liabilities decreased by 35.45% to RMB 1,161,373,316.03 as part of the repayment of certain borrowings[12] - Non-current assets totaled CNY 15,334,882,007.90 at the end of Q1 2015, compared to CNY 14,387,168,262.99 at the beginning of the year, reflecting an increase of 6.6%[20] - Total liabilities reached CNY 35,463,205,452.50 at the end of Q1 2015, a slight increase from CNY 35,033,210,726.38 at the beginning of the year[20] - The company's total assets were CNY 45,543,940,638.93 at the end of Q1 2015, compared to CNY 43,744,224,121.04 at the beginning of the year, indicating a growth of 4.1%[20] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY 3.29 billion, worsening from a negative CNY 1.51 billion year-on-year[6] - The company's cash flow from operating activities showed a net outflow of RMB 3,285,049,395.09, an increase of 117.60% compared to the same period last year, primarily due to increased cash payments for goods and services[14] - The net cash flow from operating activities for Q1 2015 was -¥3,285,049,395.09, a significant increase in cash outflow compared to -¥1,509,681,408.62 in the same period last year[30] - Cash inflow from operating activities totaled 931,852,971.95 RMB, down 26.8% from 1,272,513,733.65 RMB in the prior period[33] - Total cash outflow from operating activities increased to 3,070,362,498.44 RMB, up 51.1% from 2,033,609,344.17 RMB year-over-year[33] - Cash inflow from financing activities was 4,026,709,292.57 RMB, a 56.4% increase compared to 2,579,760,134.53 RMB in the prior period[33] - The net cash flow from financing activities was 2,076,034,410.27 RMB, slightly down from 2,247,104,718.61 RMB year-over-year[33] Shareholder and Capital Changes - The company completed a non-public issuance of A shares, increasing its share capital from 1,030,534,651 shares to 1,413,506,378 shares[6] - The company announced a major asset restructuring approved by the China Securities Regulatory Commission on March 3, 2015, involving the issuance of A-shares and cash payments for asset purchases[14] - The company plans to change its name, with a proposal submitted for approval at the upcoming shareholder meeting on May 8, 2015[15] Employee Compensation and Expenses - The company reported a significant increase in employee compensation payable by 159.81% to RMB 119,718,973.43 due to bonuses accrued by subsidiaries[12] - The company's sales expenses increased to ¥6,404,823.67 from ¥5,008,008.91, reflecting a rise of 27.8% year-over-year[28] - The management expenses rose to ¥86,410,351.83, up from ¥65,069,248.97, marking a 32.8% increase compared to the previous year[28] - The financial expenses improved to -¥13,934,568.12 from -¥37,691,546.14, indicating a reduction in financial costs[28] - The investment income for Q1 2015 was ¥421,883.11, a significant drop from ¥3,080,658.57 in the same period last year[28]