SMEG(SH:600689)2016-04-27 16:00Financial Performance - Operating revenue decreased by 5.90% to CNY 307,323,643.36 year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 8,114,047.80, an improvement from a loss of CNY 11,471,990.70 in the previous year[7] - The weighted average return on net assets improved to -2.49% from -3.01% year-on-year[7] - The company reported a significant decrease in investment income, with a loss of CNY 954,668.53 compared to a gain of CNY 55,512,090.54 in the previous year, a change of -101.72%[13] - The company reported a net loss of CNY 136,292,337.94, compared to a loss of CNY 128,178,290.14 in the previous year[20] - The net profit for Q1 2016 was a loss of CNY 6,877,364.91, compared to a loss of CNY 9,519,393.27 in the previous year, indicating an improvement in performance[29] - The total comprehensive income for Q1 2016 was a loss of CNY 5,031,806.91, compared to a loss of CNY 48,347,336.31 in the same period last year[29] Cash Flow - Cash flow from operating activities surged by 812.95% to CNY 46,880,272.50 compared to the same period last year[7] - The company's cash flow from operating activities for the first quarter was CNY 46,880,272.50, an increase of CNY 41,745,260.60 or 812.95% compared to the previous year[13] - The company reported a net cash flow from operating activities of CNY 46,880,272.50, significantly higher than CNY 5,135,011.90 in Q1 2015[31] - Operating cash inflow for Q1 2016 was CNY 123,119,186.40, a significant increase from CNY 77,059,431.38 in the previous year, representing a growth of approximately 60%[33] - Net cash flow from operating activities was CNY 17,626,341.65, up from CNY 5,136,410.83, indicating a year-over-year increase of over 243%[34] Assets and Liabilities - Total assets increased by 3.95% to CNY 794,152,282.34 compared to the end of the previous year[7] - The company's total equity decreased to CNY 337,132,098.51 from CNY 343,678,394.23, a decline of 1.9%[20] - Current liabilities rose to CNY 397,233,793.74, an increase of 10.2% from CNY 360,459,275.84 in the previous year[20] - The total liabilities increased to CNY 457,020,183.83, up 8.7% from CNY 420,328,580.72 year-over-year[20] - The company's total current assets as of March 31, 2016, amounted to CNY 372,119,694.87, up from CNY 334,521,870.03 at the beginning of the year[18] Shareholder Information - The number of shareholders reached 42,570, with the largest shareholder holding 25.95% of the shares[10] Investment Activities - The company established a fund with a total investment of CNY 50 million for the purpose of investing in the Hujiang project[14] - The company plans to transfer 5 million shares of Ancheng Insurance at a price of CNY 1.40 per share, totaling CNY 70 million, pending approvals[14] Other Financial Metrics - Cash and cash equivalents increased by 102.13% to CNY 164,872,128.58 due to the receipt of export tax refunds[12] - Accounts receivable rose by 37.71% to CNY 65,367,526.84, attributed to trade business income not yet settled[12] - Prepayments decreased by 32.55% to CNY 72,760,045.54 due to reduced trade business prepayment settlements[12] - The company's financial expenses increased to CNY 1,373,080.22 in Q1 2016 from CNY 572,064.91 in the previous year, reflecting a rise of 140.3%[29] - The basic and diluted earnings per share for Q1 2016 were both CNY -0.034, compared to CNY -0.047 in the previous year, showing a slight improvement[30]