SMEG(SH:600689)2015-04-27 16:00Financial Performance - Net profit attributable to shareholders was a loss of CNY 11,471,990.70, compared to a loss of CNY 9,742,157.74 in the same period last year[6] - The company reported a net loss of CNY 100,881,504.80 for the period, compared to a loss of CNY 89,409,514.10 in the previous period[20] - The net profit for Q1 2015 was a loss of CNY 9,519,393.27, compared to a loss of CNY 5,836,524.92 in the previous year, reflecting a worsening performance[29] - The total comprehensive income for Q1 2015 was a loss of CNY 48,347,336.31, compared to a loss of CNY 4,061,919.92 in the same period last year[29] - The basic and diluted earnings per share for Q1 2015 were both CNY -0.047, compared to CNY -0.029 in the previous year[30] Revenue and Expenses - Operating revenue increased slightly by 0.11% to CNY 326,589,639.00[6] - Total operating revenue for Q1 2015 was CNY 326,589,639, a slight increase from CNY 326,233,603.24 in the previous period, representing a growth of approximately 0.11%[26] - The company's operating revenue for Q1 2015 was CNY 23,860,537.30, a decrease of 19.5% compared to CNY 29,471,132.20 in the same period last year[29] - Sales expenses increased by 46.96% year-on-year, amounting to ¥14,409,288.96, primarily due to higher foreign trade business costs[13] - The total operating expenses for Q1 2015 were CNY 355,284,171.69, slightly lower than CNY 401,349,293.97 in the same period last year[31] Assets and Liabilities - Total assets decreased by 7.85% to CNY 761,349,956.66 compared to the end of the previous year[6] - The company's total assets decreased from CNY 826,222,983.46 at the beginning of the year to CNY 761,349,956.66 by the end of Q1 2015, a reduction of approximately 7.83%[20] - Current liabilities totaled CNY 317,846,625.61, slightly down from CNY 320,103,165.63 at the beginning of the year, a decrease of about 0.79%[20] - The company's total liabilities decreased from CNY 405,499,806.88 to CNY 391,071,117.09, reflecting a decline of approximately 3.5%[20] - The equity attributable to shareholders decreased from CNY 406,069,919.50 to CNY 355,769,985.76, a drop of about 12.35%[20] Cash Flow - Cash flow from operating activities increased significantly by 165.88% to CNY 5,135,011.90[6] - The net cash flow from operating activities rose by 165.88% to ¥5,135,011.90, driven by increased tax refunds received[13] - The total cash inflow from operating activities was ¥77,059,431.38, down from ¥102,585,694.05 in the previous year[34] - The company received CNY 61,985,263.68 in tax refunds during Q1 2015, compared to CNY 39,370,030.81 in the previous year[31] - The cash flow from investment activities showed a significant recovery, with a net inflow of ¥55,217,395.17 compared to a net outflow of ¥3,872,264.85 in the previous year[35] Shareholder Information - The number of shareholders reached 23,078, with 14,917 holding A shares and 8,161 holding B shares[10] - The largest shareholder, Chongqing Light Textile Holdings Group, holds 25.95% of the shares[10] Other Financial Metrics - The company reported a significant decrease in financial assets measured at fair value, down 91.34% to CNY 734,385.00[12] - Short-term borrowings increased by 30.43% to CNY 120,000,000.00[12] - The company experienced a 108.75% increase in accounts receivable, totaling CNY 54,733,426.61, due to uncollected trade business income[12] - Investment income surged to ¥55,512,090.54, a substantial increase compared to a loss of -¥754,195.29 in the previous year, due to gains from the sale of available-for-sale financial assets[13] - The company incurred a substantial increase in other operating expenses, totaling ¥60,074,642.81, primarily due to court-ordered guarantee payments[13] Legal and Restructuring - The company is currently preparing for a major asset restructuring, with relevant audits and evaluations underway[16] - The company has a court ruling mandating it to assume joint guarantee responsibility for a debt of up to ¥60 million related to a lawsuit involving a subsidiary[15]