CMST(SH:600787)2015-04-29 16:00Financial Performance - Operating revenue fell by 40.96% to CNY 3,329,140,208.65 year-on-year[5] - Net profit attributable to shareholders decreased by 72.80% to CNY 15,570,423.66 compared to the same period last year[5] - Basic earnings per share dropped by 71.52% to CNY 0.0119[5] - Total revenue decreased by 40.96% to ¥3,329,140,208.65 from ¥5,639,194,230.31, primarily due to a reduction in trade business scale[12] - Operating profit fell by 72.42% to ¥29,134,439.24 from ¥105,619,760.14, attributed to the decrease in trade business scale[12] - The company reported a 75.14% decline in investment income, down to ¥6,303,760.00 from ¥25,357,870.95, as the previous period included the sale of Pacific stocks[12] - The company’s tax expenses decreased by 71.43% to ¥7,656,909.96 from ¥26,800,617.88, resulting from reduced profits during the reporting period[12] - Net profit for Q1 2015 was CNY 23,630,729.90, down 70.7% from CNY 80,343,851.25 in Q1 2014[32] - Operating revenue for Q1 2015 was CNY 2,314,021,638.09, a decrease of 52.8% compared to CNY 4,899,945,215.32 in the same period last year[34] - Total profit for Q1 2015 was CNY 9,679,131.26, a decline of 88.2% compared to CNY 81,811,390.35 in the previous year[35] Assets and Liabilities - Total assets decreased by 4.97% to CNY 12,010,366,396.87 compared to the end of the previous year[5] - The company's total assets decreased to CNY 13,118,162,125.45 from CNY 13,549,287,701.64 at the beginning of the year, a decline of 3.2%[31] - The company's total liabilities as of March 31, 2015, were CNY 5,833,835,285.14, compared to CNY 6,486,819,844.79 at the beginning of the year[28] - Total liabilities decreased to CNY 7,292,465,459.87 from CNY 7,731,636,601.03, representing a reduction of 5.7%[31] - The company's current assets totaled CNY 6,629,302,562.68, down from CNY 7,296,666,906.20 at the beginning of the year[27] - The total current assets decreased to CNY 5,929,812,337.81 from CNY 6,485,982,323.92, a decline of 8.5%[30] Cash Flow - Net cash flow from operating activities improved to CNY 147,401,666.93 from a negative CNY 120,898,757.10 in the previous year[5] - Operating cash flow for Q1 2015 was CNY 147,401,666.93, a significant improvement from a negative cash flow of CNY -120,898,757.10 in Q1 2014[38] - Total cash inflow from operating activities was ¥3,159,838,569.74, down 46.8% from ¥5,933,338,059.36 in the same period last year[39] - The net cash flow from investing activities was -¥144,870,011.87, an improvement compared to -¥170,769,667.40 in the previous year[39] - Cash outflow from financing activities totaled ¥263,310,000.00, compared to ¥698,229,107.57 in the same period last year, indicating a reduction of approximately 62.3%[40] Shareholder Information - The number of shareholders reached 114,369 at the end of the reporting period[8] - The largest shareholder, China Material Storage and Transportation Corporation, holds 51.33% of the shares[8] Other Information - The company’s financial statements are unaudited for this quarter[4] - The company committed to distributing at least 10% of the annual distributable profit in cash after the asset restructuring completion[19] - The company occupies 2,987,400 square meters of land from the controlling shareholder, with 25.98% of this land having leasing defects[20] - There are 624,700 square meters of property with certificate defects, accounting for 31.23% of the company's property usage area[21] - The company has committed to resolving land leasing defects within three years post-asset restructuring completion[20]