SCS(SH:601555)2016-04-28 16:00Financial Performance - Revenue for the period was CNY 1.03 billion, down 26.20% from CNY 1.39 billion in the previous year[5]. - Net profit attributable to shareholders decreased by 44.23% to CNY 342.27 million compared to CNY 613.68 million in the same period last year[5]. - Basic earnings per share fell by 47.83% to CNY 0.12 from CNY 0.23 year-on-year[5]. - Operating profit fell to ¥462,928,551.22 from ¥826,069,255.71, a decrease of approximately 44.0%[28]. - The total profit decreased to ¥462,731,557.68 from ¥828,626,804.96, a decline of about 44.1%[28]. - Net income for the period was ¥347,208,763.64, down from ¥617,777,886.01, reflecting a decrease of approximately 43.8%[28]. - Investment income decreased significantly to ¥331,468,830.23 from ¥609,274,673.84, a decline of about 45.6%[28]. - Other comprehensive income after tax showed a significant loss of ¥461,462,470.08 compared to a gain of ¥196,081,398.55 in the previous period[29]. Cash Flow - Net cash flow from operating activities was negative at CNY -2.51 billion, a decrease of 148.80% compared to the same period last year[5]. - The net cash flow from operating activities for Q1 2016 was -2,513,339,630.00 RMB, compared to 5,150,202,286.71 RMB in the previous period, indicating a significant decline[34]. - Total cash inflow from operating activities was 4,923,166,295.74 RMB, while cash outflow was 7,436,505,925.74 RMB, resulting in a net cash outflow of 2,513,339,630.00 RMB[34]. - Cash and cash equivalents at the end of the period decreased to 26,388,784,257.19 RMB from 28,181,391,000.34 RMB at the beginning of the period, reflecting a net decrease of 1,792,606,743.15 RMB[35]. - The cash inflow from operating activities was significantly lower than the previous year's figure of 15,352,575,027.80 RMB, indicating a decrease of approximately 68%[34]. - The company reported a total cash inflow from operating activities of 4,161,385,407.57 RMB, down from 11,929,153,718.73 RMB in the same period last year[36]. Assets and Liabilities - Total assets decreased by 1.43% to CNY 79.44 billion compared to the end of the previous year[5]. - The company's total liabilities decreased from CNY 63.84 billion to CNY 59.44 billion, a decline of approximately 6.83%[23]. - The company's total receivables rose by 45.38% to RMB 485,180,399.39 as of March 31, 2016, primarily due to an increase in receivable settlement funds[13]. - The company's cash and cash equivalents showed a net decrease of 126.65%, amounting to RMB -1,792,606,743.15 in Q1 2016, compared to an increase of RMB 6,726,606,983.02 in Q1 2015[18]. - The company's short-term financing payables decreased by 52.77% to RMB 2,157,350,000.00, primarily due to a reduction in the scale of short-term financing bonds[13]. - The company's short-term borrowings decreased from CNY 93.68 million to CNY 75.68 million, a reduction of approximately 19.21%[23]. Shareholder Information - The total number of shareholders reached 115,192 at the end of the reporting period[9]. - The largest shareholder, Suzhou International Development Group, holds 23.11% of the shares, amounting to 693,371,528 shares[9]. - The equity attributable to shareholders increased from CNY 16.54 billion to CNY 19.81 billion, reflecting a growth of about 19.00%[23]. - The total owner's equity increased from CNY 16.75 billion to CNY 19.99 billion, an increase of about 19.00%[23]. Other Income and Expenses - Non-recurring gains and losses for the period totaled CNY -1.66 million, primarily due to asset disposal losses and other non-operating expenses[8]. - The company's other business income increased by 314.48% to RMB 15,457,802.53 in Q1 2016, reflecting growth in other business activities[16]. - The company's interest income turned positive with a net income of RMB 46,754,185.40 in Q1 2016, compared to a loss of RMB 13,082,900.98 in Q1 2015[16]. - The cash outflow for employee compensation was 310,088,117.40 RMB, compared to 391,693,713.65 RMB in the previous period, reflecting a decrease of about 21%[34]. - The company experienced a significant increase in cash outflow for taxes, totaling 278,627,292.46 RMB, compared to 212,276,747.78 RMB in the previous period, marking an increase of approximately 31%[35].