SIFANG(SH:601126)2015-04-28 16:00Financial Performance - Operating revenue decreased by 9.30% to CNY 478,407,805.88 year-on-year[6] - Net profit attributable to shareholders increased by 6.91% to CNY 9,677,868.45 compared to the same period last year[6] - Basic earnings per share rose by 6.25% to CNY 0.0238 per share[6] - The company reported a net loss of CNY 17,551,088.33 for Q1 2015, compared to a profit of CNY 5,381,063.33 in the previous year[26] - The total profit for Q1 2015 was CNY 10.50 million, down from CNY 14.44 million in Q1 2014[31] - The total comprehensive income for Q1 2015 was CNY 19.93 million, compared to CNY 12.82 million in Q1 2014, indicating a strong performance[31] Assets and Liabilities - Total assets increased by 1.52% to CNY 5,152,487,648.36 compared to the end of the previous year[6] - Fixed assets increased by 38.32% to CNY 402,256,746.97 due to the completion of part of the production base project[11] - Short-term borrowings surged by 116.38% to CNY 210,142,200.00 compared to the beginning of the year[11] - Long-term borrowings increased by 33.25% compared to the beginning of the period, attributed to long-term loans obtained for the expansion of the production base and office buildings[13] - The total liabilities increased to CNY 1,699,104,849.83 from CNY 1,631,715,467.32 year-over-year[21] - The company's cash and cash equivalents decreased to CNY 353,782,339.34 from CNY 385,784,989.99 at the beginning of the year[23] Shareholder Information - The total number of shareholders reached 16,977 at the end of the reporting period[9] - The largest shareholder, Sifang Electric (Group) Co., Ltd., holds 50.10% of the shares[9] Income and Expenses - The company reported a significant increase in non-operating income by 340.95% to CNY 27,617,793.55[11] - Financial expenses decreased by 54.89% compared to the same period last year, mainly due to a decrease in bank interest income from the decline in cash reserves[13] - Investment income decreased by 66.86% compared to the same period last year, primarily due to a decline in operating performance of the joint venture Beijing ABB Sifang Power Systems Co., Ltd.[13] - Income tax expenses decreased by 90.5% compared to the same period last year, due to changes in the corporate income tax rate affecting deferred tax assets[14] Cash Flow - The cash flow from operating activities for Q1 2015 was a net outflow of CNY 87.00 million, an improvement from a net outflow of CNY 207.30 million in the same period last year[33] - The net cash flow from operating activities was negative at RMB (118,736,287.75), compared to RMB (102,316,707.63) in the previous period, indicating a decline in operational efficiency[37] - Total cash inflow from operating activities was RMB 447,103,305.42, down from RMB 487,887,206.77, reflecting a decrease of approximately 8.3% year-over-year[36] - The ending cash and cash equivalents balance was RMB 222,340,250.10, down from RMB 175,188,447.00, indicating a decrease in liquidity[37] Future Plans - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[26]