SG(SH:600734)2015-04-29 16:00Financial Performance - Operating revenue increased significantly by 253.61% to CNY 19,685,295.04 from CNY 5,567,018.33 year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 13,421,129.17, worsening by 39.89% compared to a loss of CNY 9,594,026.42 in the previous year[7] - The company reported a significant increase in operating costs, which rose by 439.62% to CNY 13,156,189.55 due to higher real estate costs[11] - The net loss for Q1 2015 was CNY 20,995,538.78, compared to a net loss of CNY 15,555,934.33 in Q1 2014, reflecting a deterioration in performance[27] - The gross profit margin for Q1 2015 was negative, with a gross profit of CNY -20,227,751.30, compared to CNY -13,315,276.82 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,571,205,811.98, a decrease of 0.28% compared to the end of the previous year[7] - The company's total liabilities increased from CNY 1,464,458,533.12 at the beginning of the year to CNY 1,480,968,382.50[20] - The company's total equity decreased from CNY 111,232,968.26 to CNY 90,237,429.48[20] - Total liabilities for Q1 2015 were CNY 94,442,769.23, an increase from CNY 89,349,806.94 in the previous year, showing a rise of approximately 6%[24] - The company's total equity decreased to CNY 212,260,275.41 from CNY 216,889,957.90 year-over-year, indicating a decline of about 2.5%[24] Cash Flow - The net cash flow from operating activities improved by 53.20%, with a net outflow of CNY 40,782,265.88 compared to CNY 87,139,767.39 in the same period last year[7] - Cash inflow from operating activities totaled 45,653,341.91 RMB, up from 35,249,782.32 RMB, reflecting a 29% increase[31] - Cash outflow from operating activities decreased to 86,435,607.79 RMB from 122,389,549.71 RMB, a reduction of approximately 29.4%[31] - The net cash flow from investing activities was 28,368.22 RMB, a significant improvement from -3,622,838.78 RMB in the previous period[32] - The net cash flow from financing activities was 30,384,439.33 RMB, compared to 105,998,557.26 RMB in the previous period, indicating a decline of approximately 71.4%[32] Receivables and Inventory - Accounts receivable increased by 78.79% to CNY 1,987,606.00, indicating a rise in real estate receivables[11] - Other receivables rose by 40.33% to CNY 100,816,303.41, reflecting an increase in inter-company receivables[11] - The company reported a decrease in inventory from CNY 1,216,420,945.96 to CNY 1,189,052,817.85[18] Future Plans - The company plans to raise funds through a private placement to acquire bauxite mining assets in Guizhou, aiming to enhance its sustainable profitability[12] - The company has submitted application materials for the private placement to the China Securities Regulatory Commission, which is currently under review[13] Earnings Per Share - The company’s basic and diluted earnings per share were both CNY -0.0382, a decrease of 39.93% from the previous year[7] - Basic and diluted earnings per share for Q1 2015 were both CNY -0.0382, compared to CNY -0.0273 in the same period last year[27]