BHCC(SH:600800)2016-04-27 16:00Financial Performance - Operating revenue increased by 6.69% to CNY 29,089,144.89 compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 13,075,639.29, an improvement from a loss of CNY 16,384,131.60 in the previous year[7] - Basic and diluted earnings per share were both CNY -0.02, compared to CNY -0.03 in the previous year[7] - The net loss for Q1 2016 was CNY 13,253,483.42, an improvement from a net loss of CNY 16,942,400.47 in Q1 2015[25] - The gross profit margin for Q1 2016 was approximately -49.3%, compared to -62.4% in Q1 2015[24] - The total comprehensive income for Q1 2016 was -¥11,962,079.23, compared to -¥13,175,267.66 in the previous year, marking a reduction in comprehensive losses of about 9.2%[27] Assets and Liabilities - Total assets decreased by 3.65% to CNY 620,572,792.13 compared to the end of the previous year[7] - Total liabilities decreased to ¥572,373,858.66 from ¥582,501,771.11[19] - Owner's equity decreased to ¥48,198,933.47 from ¥61,562,496.15[19] - The total assets decreased from CNY 636,813,503.28 in the previous period to CNY 625,964,727.46 in the current period[23] - Total liabilities increased slightly from CNY 464,118,261.25 to CNY 465,231,564.66[23] - The owner's equity decreased from CNY 172,695,242.03 to CNY 160,733,162.80, reflecting a decline of approximately 6.9%[23] Cash Flow - The company reported a net cash flow from operating activities of CNY -23,951,748.00, an improvement from CNY -28,439,842.16 in the previous year[7] - Cash received from the disposal of fixed assets and intangible assets dropped to ¥43,000.00 from ¥125,083,380.00, a decrease of 99.97%[12] - Cash paid for the acquisition of fixed assets and intangible assets fell to ¥16,500.00 from ¥350,000.00, a decline of 95.29%[12] - Cash and cash equivalents at the end of Q1 2016 stood at ¥135,148,563.70, down from ¥220,802,222.10 at the end of the previous year, a decrease of approximately 38.7%[30] - The company reported cash inflows from operating activities totaling ¥34,768,922.28, an increase from ¥29,416,058.37 in the previous year, representing a growth of about 18.5%[29] - The cash outflow from operating activities was ¥58,720,670.28, slightly up from ¥57,855,900.53 in the previous year, indicating a marginal increase of about 1.5%[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 68,974[10] - The largest shareholder, Tianjin Global Magnetic Card Group Co., Ltd., holds 27.74% of the shares, totaling 169,582,023 shares[11] Non-Operating Income - The company received non-operating income of CNY 2,910,906.73 from non-recurring gains and losses[9] - Non-operating income surged to ¥2,568,982.88 from ¥69,123.16, an increase of 3616.53%[12] - The company reported a non-operating income of CNY 2,568,982.88, significantly higher than CNY 69,123.16 in the previous year[25] Legal Matters - The company is currently facing a civil lawsuit from 14 plaintiffs for "false statements" as of April 21, 2016[13] Operational Efficiency - The company continues to focus on improving operational efficiency and reducing costs in response to the challenging market conditions[24]