DZH(SH:601519)2017-04-27 16:00Financial Performance - Net profit attributable to shareholders improved by 54.45%, reaching a loss of CNY 76,523,997.43, compared to a loss of CNY 167,982,998.84 in the same period last year[6] - Basic earnings per share improved by 55.29%, reported at CNY -0.038 compared to CNY -0.085 in the previous year[6] - Total operating revenue for the current period is CNY 144,960,029.89, an increase from CNY 118,062,743.31 in the previous period, reflecting a growth of approximately 22.7%[35] - Net profit for the current period is CNY -76,558,619.35, compared to CNY -168,024,928.01 in the previous period, indicating an improvement of approximately 54.4%[36] - Total comprehensive income for the current period is CNY -82,005,365.71, compared to CNY -166,660,219.20 in the previous period, showing a significant reduction in losses[37] - The company reported a total profit of CNY -73,255,090.48, an improvement from CNY -165,284,116.47 in the previous period, indicating a reduction in overall losses[36] Revenue and Costs - Operating revenue increased by 22.78% to CNY 144,960,029.89, up from CNY 118,062,743.31 year-on-year[6] - Operating costs increased by 34.87% to ¥71.12 million, primarily due to higher expenses related to the live broadcasting platform[15] - Total operating costs decreased to CNY 219,214,393.88 from CNY 288,639,251.43, a reduction of about 24.0%[36] - Selling expenses decreased to CNY 51,496,330.05 from CNY 78,507,851.50, a reduction of about 34.4%[36] - Management expenses decreased significantly to CNY 96,318,228.87 from CNY 158,112,583.57, a reduction of approximately 39.0%[36] Cash Flow and Liquidity - Net cash flow from operating activities showed a significant decline of 190.02%, resulting in a negative cash flow of CNY 139,386,417.05[6] - Cash flow from operating activities increased to CNY 245,335,638.17 from CNY 229,895,507.00, representing a growth of approximately 6.0%[43] - Operating cash inflow totaled CNY 360,922,238.98, compared to CNY 289,880,057.85 in the previous period, reflecting an increase of approximately 24.5%[44] - The net cash flow from operating activities was CNY -116,114,157.52, worsening from CNY -43,304,449.87 in the prior period[46] - The cash and cash equivalents at the end of the period stood at CNY 401,002,902.94, down from CNY 647,104,866.68 at the end of the previous period[45] - The cash and cash equivalents at the end of the period decreased to CNY 86,184,225.73 from CNY 371,529,799.12 in the previous period, reflecting a significant liquidity reduction[47] Assets and Liabilities - Total assets decreased by 8.44% to CNY 1,509,516,484.23 compared to the end of the previous year[6] - Total current assets decreased from CNY 787.22 million to CNY 664.70 million, a decline of approximately 15.6%[26] - Total non-current assets decreased from CNY 861.52 million to CNY 844.82 million, a decline of about 1.9%[27] - Total liabilities decreased from CNY 702.81 million to CNY 641.39 million, a reduction of approximately 8.7%[28] - Total equity attributable to shareholders decreased from CNY 944.20 million to CNY 866.45 million, a decline of about 8.2%[28] Shareholder Information - The total number of shareholders reached 162,463 by the end of the reporting period[12] - The largest shareholder, Zhang Changhong, holds 55.58% of the shares, with 1,104,792,657 shares pledged[12] - The actual controller has donated 9,372,000 shares, representing 0.47% of the company's total share capital, to the employee stock ownership plan[18] - The company has committed to not engaging in similar business activities by its major shareholders to avoid competition[24] Legal and Regulatory Matters - The company is currently involved in a lawsuit with 983 plaintiffs claiming a total of ¥188.70 million for alleged false statements, which may lead to potential liabilities[16] - The company plans to terminate the equity transfer agreement with Huaxin Capital for a 70% stake in its subsidiary, with a transfer price of ¥139.76 million, due to unresolved issues[19] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,349,339.98 for the reporting period[10] - Investment income for the current period is CNY -507,362.40, down from CNY 2,208,619.96 in the previous period, indicating a decline in investment performance[40] - The company anticipates a cumulative operating net loss for the year up to the next reporting period, primarily due to high personnel disposal costs and new business promotion expenses[22] - The company has not disclosed any new product developments or market expansion strategies in this report[6]