CIH(SH:600715)2014-04-23 16:00Financial Performance - Operating revenue decreased by 64.06% to CNY 311,201.21 compared to the same period last year[12]. - Net profit attributable to shareholders was a loss of CNY 6,082,759.49, a decrease of 162.38% compared to the same period last year[7]. - Basic and diluted earnings per share were both CNY -0.03, a decrease of 175.00% compared to the same period last year[7]. - The company experienced a net loss of ¥27,312,700 for the year 2013, with a loss of ¥34,396,100 after excluding non-recurring gains and losses, leading to a cumulative loss of ¥670,516,432.69 by the end of the reporting period[13]. - Net loss for Q1 2014 amounted to CNY 6,082,935.29, compared to a net profit of CNY 9,750,865.95 in Q1 2013[24]. - Operating profit for Q1 2014 was -CNY 4,762,319.12, slightly improved from -CNY 5,222,314.66 in Q1 2013[24]. Assets and Liabilities - Total assets decreased by 3.26% to CNY 223,644,374.68 compared to the end of the previous year[7]. - The company's total assets decreased to CNY 149,592,459.60 from CNY 151,412,523.43 at the beginning of the year, a decline of 1.2%[22]. - Total liabilities increased to CNY 167,429,084.82 from CNY 164,842,834.02, reflecting a rise of 1.7%[22]. - The total liabilities of the company as of March 31, 2014, were ¥218,936,822.59, with a debt-to-asset ratio of approximately 97.9%[18]. - The company's total non-current assets decreased to CNY 149,366,389.93 from CNY 151,228,984.80, a decline of 1.2%[22]. Cash Flow - Cash flow from operating activities improved to CNY 1,699,707.22, compared to a negative cash flow of CNY 3,379,087.41 in the same period last year[7]. - The net cash flow from operating activities for the current period is ¥1,699,707.22, a significant improvement from the previous period's negative cash flow of -¥3,379,087.41[29]. - Cash inflow from operating activities totaled ¥6,350,662.19, down 11.6% from ¥7,189,794.71 in the previous period[29]. - Cash outflow from operating activities decreased to ¥4,650,954.97 from ¥10,568,882.12, indicating improved cash management[29]. - The company reported a cash balance of ¥2,790,955.46 at the end of the period, compared to ¥4,284,347.34 in the previous period, reflecting a decrease of 34.9%[29]. Shareholder Information - The total number of shareholders was 12,044 at the end of the reporting period[8]. - The largest shareholder, Beijing E-Town International Investment Development Co., Ltd., holds 24.89% of the shares[8]. Operational Changes - The company reported a significant decrease in cash paid for purchasing goods and services, down 98.01% to ¥100,000 from ¥5,020,000 due to a decline in revenue from wholly-owned subsidiaries[13]. - Tax payments decreased by 35.26% to ¥1,230,438.02 from ¥1,900,658.75, attributed to lower business income from wholly-owned subsidiaries[13]. - Cash paid for other operating activities fell by 55.04% to ¥727,995.66 from ¥1,619,048.45, resulting from a decrease in payments for receivables[13]. - The first major shareholder plans to conduct a significant asset restructuring within the next 12 months to improve the company's financial situation and asset quality[14]. - The company anticipates a potential loss in the first half of 2014 due to the ongoing suspension of its automotive body parts business and the nascent stage of new subsidiary operations[15].