JSZY(SH:600770)2017-04-28 16:00Financial Performance - Operating revenue for the period was CNY 138,964,946.47, a decrease of 53.80% year-on-year[6] - Net profit attributable to shareholders was CNY 10,297,331.32, down 42.94% from the same period last year[6] - Basic earnings per share were CNY 0.008, a decrease of 42.86% compared to the previous year[6] - The company's revenue for Q1 2017 was approximately ¥138.96 million, a decrease of 53.80% compared to ¥300.76 million in the same period last year[14] - Net profit for Q1 2017 reached ¥34,508,769.80, compared to a net profit of ¥5,062,520.89 in Q1 2016, marking a significant increase[31] - The company's operating revenue for the current period is 865,880.92, compared to the previous period's revenue of 0[35] - The operating profit for the current period is -16,015,161.53, an improvement from -24,300,724.58 in the previous period[36] - The net profit for the current period is -15,515,161.53, also showing improvement from -24,300,724.58 in the previous period[36] - The total comprehensive income for the current period is -16,549,583.80, compared to -24,300,724.58 in the previous period[36] Assets and Liabilities - Total assets decreased by 2.00% to CNY 6,203,226,692.82 compared to the end of the previous year[6] - The company's total assets as of March 31, 2017, were approximately ¥6.20 billion, down from ¥6.33 billion at the beginning of the year[22] - The total liabilities decreased to approximately ¥1.56 billion from ¥1.59 billion, indicating a reduction in financial obligations[23] - The company's total assets decreased to ¥3,750,888,386.56 from ¥3,796,152,770.71 at the beginning of the year, reflecting a decline of 1.2%[27] - Current assets totaled ¥659,772,743.96, down 6.0% from ¥702,288,202.49 at the start of the year[26] - The total liabilities decreased to ¥1,139,901,504.39 from ¥1,168,616,304.74, a reduction of 2.5%[27] - The company's equity attributable to shareholders decreased to ¥2,610,986,882.17 from ¥2,627,536,465.97, a decline of 0.6%[27] Cash Flow - Cash flow from operating activities was a net outflow of CNY 52,819,319.02, an improvement from a net outflow of CNY 57,209,412.90 in the same period last year[6] - Cash inflow from operating activities is 189,751,708.00, down from 247,751,592.63 in the previous period[39] - Cash outflow from operating activities is 242,571,027.02, reduced from 304,961,005.53 in the previous period[39] - The net cash flow from operating activities is -52,819,319.02, slightly improved from -57,209,412.90 in the previous period[39] - The net cash flow from investing activities is 129,818,793.46, up from 66,365,965.80 in the previous period[39] - The net cash flow from financing activities is -32,853,984.77, an improvement from -67,370,400.18 in the previous period[40] - The ending cash and cash equivalents balance is 713,109,191.96, compared to 1,008,007,901.95 in the previous period[40] - Cash flow from investing activities resulted in a net outflow of $12,149,142[42] - Cash flow from financing activities showed a net outflow of $30,630,283.35[42] - Total cash and cash equivalents decreased by $10,048,460.08, ending with a balance of $36,699,371.44[42] - Cash inflow from borrowings amounted to $192,000,000[42] - Cash outflow for debt repayment was $212,000,000[42] - The company received $28,800,000 from other financing activities[42] - The initial cash and cash equivalents balance was $46,747,831.52[42] - The impact of exchange rate changes on cash and cash equivalents was $136,929.64[42] - The company distributed dividends and interest payments totaling $10,430,283.35[42] - The net cash flow from investing activities was $41,600,000[42] Shareholder Information - The company’s major shareholder, Nantong Zongyi Investment Co., Ltd., holds 24.80% of the shares and has pledged 299,000,000 shares[10] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company is closely monitoring the regulatory environment for internet lottery operations, which have been suspended since March 2015, and is preparing for potential future developments[15] - The company holds 52.23 million shares of Huishan Dairy, which has been suspended from trading, and will assess potential impairment impacts on its financial performance[16] - Prepayments increased by 146.00% to CNY 57,542,946.87 due to increased procurement by subsidiaries[13] - Other receivables decreased by 32.11% to CNY 58,639,873.52, primarily due to the recovery of remaining funds from the transfer of equity[13] - Operating costs decreased by 60.57% to ¥97.77 million from ¥247.95 million, corresponding to the decline in revenue[14] - Investment income surged by 2012.93% to ¥89.46 million, primarily due to the sale of shares in Yanghe by a subsidiary[14] - Cash generated from investment activities increased by 95.61% to ¥129.82 million, attributed to higher cash recoveries from investments[14] - The company reported a significant increase in sales expenses, rising by 97.88% to ¥13.26 million due to increased promotional costs from subsidiaries[14] - Total operating costs for Q1 2017 were ¥171,734,229.94, down 48.9% from ¥336,439,977.66 in the previous year[31] - Other comprehensive income after tax for Q1 2017 was -¥82,824,886.09, compared to ¥7,977,280.83 in the same period last year[32]