GEM-YEAR(SH:601002)2015-04-27 16:00Financial Performance - Operating revenue decreased by 24.31% to CNY 569,745,645.50 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 127.12% to a loss of CNY 11,492,087.85 compared to the same period last year[7] - Basic earnings per share decreased by 126.42% to CNY -0.014 compared to the same period last year[7] - Total profit decreased by 150.76% to -¥7,652,050.15 from ¥15,074,866.71, mainly due to a decline in operating income and falling raw material prices[15] - The net profit for Q1 2015 was a loss of CNY 15,712,071.74, compared to a profit of CNY 44,110,038.83 in Q1 2014, representing a significant decline[31] - The total profit for Q1 2015 was CNY -7,652,050.15, compared to CNY 59,184,905.54 in Q1 2014, indicating a substantial downturn[31] Assets and Liabilities - Total assets increased by 5.22% to CNY 4,220,920,333.57 compared to the end of the previous year[7] - Total liabilities increased to CNY 1,687,473,221.60 from CNY 1,463,000,880.04, showing a rise of approximately 15.4%[24] - Current liabilities totaled CNY 1,385,722,127.17, up from CNY 1,155,999,546.72, indicating an increase of about 19.8%[24] - The company's total liabilities increased to CNY 1,300,685,113.65 in Q1 2015 from CNY 1,135,586,984.55 in the previous year, marking a rise of 14.5%[31] Cash Flow - Net cash flow from operating activities was CNY 11,190,012.95, a significant improvement from a loss of CNY 37,567,953.14 in the previous year[7] - Cash received from sales of goods and services was CNY 554,984,412.21, a decrease of 25.2% from CNY 741,676,876.80 in Q1 2014[36] - Operating cash inflow totaled CNY 566,073,906.56, a decrease of 26.2% compared to CNY 766,511,469.69 in the previous period[37] - Cash inflow from financing activities was CNY 115,000,000.00, down from CNY 238,855,920.00 in the previous period[38] Shareholder Information - The total number of shareholders reached 99,703 at the end of the reporting period[12] - The largest shareholder, CHIN CHAMP ENTERPRISE CO., LTD., holds 46.13% of the shares[12] Operational Highlights - The company signed a contract for the procurement and supply of high-speed rail track accessories worth ¥253,556,304.00 with Xi'an Cheng Railway Passenger Dedicated Line Co., Ltd.[17] - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company is currently undergoing a non-public stock issuance process, with the application under review by the China Securities Regulatory Commission[18] - The company is involved in ongoing litigation regarding anti-dumping measures imposed by the EU, with a maintained tax rate of 54.1% on Chinese steel fasteners[16] Inventory and Receivables - Accounts receivable increased by 33.51% to ¥52,261,274.13 from ¥39,142,772.64, mainly due to an increase in bank acceptance bills received[14] - Prepayments surged by 180.33% to ¥228,012,178.40 from ¥81,337,759.95, primarily due to increased advance payments for raw material purchases[14] - Accounts payable rose by 62.52% to ¥458,863,050.37 from ¥282,342,150.90, attributed to higher advance payments for raw material purchases[14]