BHC(SH:600721)2015-04-22 16:00Financial Performance - Operating revenue fell by 26.65% to CNY 139,253,739.15 year-on-year[7] - Net profit attributable to shareholders decreased by 429.95% to a loss of CNY 52,181,752.27[7] - Basic earnings per share dropped by 430.33% to -CNY 0.1941[7] - Net loss for Q1 2015 was ¥83,701,166.09, compared to a net loss of ¥11,854,851.83 in Q1 2014, representing a significant increase in losses[29] - Revenue for the current period is ¥6,624,931.31, a decrease of 40.5% compared to ¥11,049,873.81 in the previous period[31] - Net profit for the current period is ¥889,982.26, down 52.3% from ¥1,863,675.23 in the previous period[32] - Operating profit decreased to ¥1,250,262.22, a decline of 36.6% from ¥1,973,448.87 in the previous period[31] - Total profit for the current period is ¥1,287,777.13, a decrease of 43.1% from ¥2,261,470.10 in the previous period[31] Cash Flow - Cash flow from operating activities showed a significant decline of 119.47%, resulting in a negative cash flow of CNY 19,640,909.33[7] - Cash and cash equivalents decreased significantly to ¥4,366,198.24 from ¥28,763,264.81 at the beginning of the year, indicating liquidity challenges[23] - Cash inflow from financing activities is ¥276,000,000.00, compared to ¥104,736,300.00 in the previous period, indicating increased borrowing[34] - Cash outflow from financing activities totaled ¥323,875,163.28, up from ¥162,850,699.42 in the previous period[34] - Net cash flow from operating activities was $14,587,739.64, a decrease of 13.5% compared to $16,873,078.57 last period[37] - Total cash and cash equivalents decreased by $24,397,066.57 during the period[37] Assets and Liabilities - Total assets decreased by 1.89% to CNY 4,087,007,537.12 compared to the end of the previous year[7] - The total number of shareholders reached 13,782 at the end of the reporting period[12] - The total liabilities amount to RMB 3.17 billion, a slight increase from RMB 3.17 billion at the beginning of the year[21] - The ending balance of cash and cash equivalents is RMB 76.50 million, a decrease of RMB 75.83 million or 49.78% compared to the end of the previous year, mainly due to repayment of bank loans[14] - The ending balance of accounts payable is RMB 497.17 million, an increase of RMB 222.71 million or 81.15% compared to the end of the previous year, primarily due to increased raw material procurement[15] - The ending balance of prepaid accounts is RMB 127.93 million, an increase of RMB 62.92 million or 103.35% compared to the end of the previous year, mainly due to increased advance payments[15] Shareholder Information - The largest shareholder, Xinjiang Production and Construction Corps Sixth Division State-owned Assets Management Co., held 51.44% of shares[12] - The company repurchased 20,327,648 shares, accounting for 7.56% of the total share capital before the repurchase, at a total price of RMB 2.00[17] Management and Operational Insights - The management expenses for the period are RMB 53.81 million, an increase of RMB 23.16 million or 75.59% compared to the same period last year, mainly due to increased losses from subsidiaries[15] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company has made adjustments to the comparative statements due to the consolidation of Xinjiang Baihua Hengxing Real Estate Development Co., Ltd. in August 2014[16] Government Support - The company reported a government subsidy of CNY 1,239,913.34 included in non-operating income[9]