BHCC(SH:600800)2015-04-28 16:00Financial Performance - Operating revenue fell by 26.42% to CNY 27,263,904.34 from CNY 37,054,846.32 in the same period last year[10] - Net profit attributable to shareholders was a loss of CNY 16,448,054.76, compared to a loss of CNY 5,082,682.96 in the previous year[10] - Cash flow from operating activities showed a loss of CNY 28,439,842.16, worsening from a loss of CNY 17,796,521.77 in the same period last year[10] - The weighted average return on net assets decreased to -16.01% from -6.97% year-on-year[10] - Basic and diluted earnings per share were both -CNY 0.03, compared to -CNY 0.01 in the previous year[10] - Total operating revenue for Q1 2015 was CNY 27,263,904.34, a decrease of 26.4% compared to CNY 37,054,846.32 in the same period last year[29] - The company's net loss for the period was CNY -671,254,982.89, compared to a loss of CNY -657,955,648.63 in the previous year[28] - The net profit for Q1 2015 was a loss of CNY 16,942,400.47, compared to a loss of CNY 5,714,973.58 in Q1 2014, indicating a significant increase in losses[33] - The total comprehensive income for Q1 2015 was a loss of CNY 16,818,333.87, compared to a loss of CNY 5,702,495.26 in Q1 2014[33] Assets and Liabilities - Total assets decreased by 2.75% to CNY 745,720,268.09 compared to the end of the previous year[10] - Total assets decreased from 766,790,194.28 to 745,720,268.09, indicating a reduction in overall asset value[22] - Current liabilities decreased slightly from 644,086,117.38 to 639,812,630.95, showing a minor reduction in short-term obligations[23] - The company's total liabilities were CNY 541,110,081.44, a slight decrease from CNY 546,218,989.53 at the start of the year[28] - The company's total equity decreased to CNY 120,465,685.45 from CNY 133,640,953.11, reflecting a decline of 9.8%[28] Cash Flow and Investments - Cash flow from operating activities saw a 95.35% decrease in other cash received, dropping from 49,475,006.60 to 2,299,564.35 due to reduced receivables[16] - Cash and cash equivalents increased by 77.34%, reaching 220,802,222.10 compared to 124,508,684.26 at the beginning of the year, primarily due to the receipt of property transfer payments[21] - The ending cash and cash equivalents balance increased to CNY 220,802,222.10 from CNY 124,145,095.12 at the end of the previous year[35] - The company reported cash inflow from investment activities of CNY 125,083,380.00, a significant increase compared to CNY 0 in the previous year[35] - The net cash flow from investment activities was CNY 124,733,380.00, recovering from a net outflow of CNY 1,182,460.00 in Q1 2014[35] - Total cash inflow from operating activities was CNY 59,024,641.64, while total cash outflow was CNY 185,372,921.45, resulting in a negative cash flow[37] - The company disposed of fixed assets, generating CNY 125,083,380.00 in cash inflow from investment activities[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,000[14] - The largest shareholder, Tianjin Global Magnetic Card Group Co., Ltd., held 28.05% of shares, totaling 171,436,573 shares[14] Tax and Financial Expenses - Operating revenue for Q1 2015 was significantly impacted by a 163.04% increase in business tax and additional fees, totaling 225,018.05 compared to 85,545.85 in Q1 2014[16] - The company reported a 94.44% increase in tax payments, rising from 3,800,486.58 to 7,389,692.01, indicating higher tax liabilities during the period[16] - Financial expenses decreased by 123.89%, resulting in a reduction from 316,149.39 to -75,514.29, attributed to no bank loans incurred during the reporting period[16] Other Information - The report was unaudited, and the board of directors confirmed the accuracy and completeness of the financial statements[8] - The company is in the process of land recovery for urban redevelopment, with compensation of 10.99 million received, but completion of land transfer is still pending[17] - The company has fulfilled its commitments regarding loan guarantees, resolving a case with Changcheng Asset Management Co., Ltd. related to loan guarantees[18]