CBMT(SH:603099)2016-04-25 16:00Financial Performance - Operating revenue for the current period was CNY 21,057,643.16, representing a decline of 8.17% year-on-year[6]. - Net profit attributable to shareholders of the listed company was CNY -11,941,059.70, compared to CNY -6,205,567.17 in the same period last year[6]. - Basic earnings per share were CNY -0.04, compared to CNY -0.03 in the previous year[6]. - Diluted earnings per share were also CNY -0.04, down from CNY -0.02 in the same period last year[6]. - Net profit decreased by 58.85% to -11,940,195.59 from -7,516,674.64 due to reduced revenue and increased operating costs[15]. - Operating profit showed a loss of ¥11,941,347.74 compared to a loss of ¥7,616,704.86 in the previous period, indicating a worsening of approximately 56.67%[33]. - Net profit also reflected a loss of ¥11,940,195.59, worsening from a loss of ¥7,516,674.64, representing an increase in losses of about 58.66%[33]. Cash Flow - The net cash flow from operating activities was CNY -6,722,554.33, compared to CNY -2,982,605.38 in the previous year, indicating a worsening cash flow situation[6]. - Cash flow from operating activities net amount decreased by 125.39% to -6,722,554.33 from -2,982,605.38, impacted by weather conditions[15]. - Cash flow from investing activities net amount increased by 131.48% to -19,820,374.62 from -8,562,336.14 due to increased construction projects[15]. - Cash and cash equivalents net increase decreased by 129.91% to -26,542,928.95 from -11,544,941.52, reflecting reduced income and increased project funding[15]. - The net cash flow from operating activities for Q1 2016 was -5,643,903.99 RMB, compared to -4,381,842.27 RMB in the same period last year, indicating a decline of approximately 28.8%[38]. - The ending cash and cash equivalents balance was 364,492,508.78 RMB, down from 418,163,831.43 RMB year-over-year, representing a decrease of approximately 12.8%[39]. - The company experienced a decrease in cash and cash equivalents by 25,464,278.61 RMB during the quarter, highlighting challenges in cash management[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 895,030,061.51, a decrease of 1.15% compared to the end of the previous year[6]. - Current assets decreased from ¥457,844,959.82 to ¥437,544,904.21, a decline of about 4.4%[23]. - Total liabilities increased from ¥45,531,349.77 to ¥45,965,357.32, an increase of approximately 1.0%[24]. - Total equity decreased from ¥859,888,478.49 to ¥849,064,704.19, a decline of about 1.0%[25]. - The company reported a total current liability of ¥40,572,895.20, which is a slight increase from ¥40,138,887.65[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,512[12]. - The largest shareholder, Jilin Changbai Mountain Development and Construction Group Co., Ltd., held 59.45% of the shares[12]. Commitments and Compliance - The company plans to hold its shares in Changbai Mountain Tourism for the long term, with a lock-up period of two years after the initial lock-up expires, during which it will not sell more than 20% of its shares annually[17]. - The company commits to repurchase shares if the prospectus is found to contain false statements or omissions, initiating the buyback within five trading days at the market price[18]. - The company has no current or foreseeable major litigation, arbitration, or administrative penalties against it, ensuring a stable operational environment[17]. - The company will adhere to strict compliance with its commitments, including not engaging in public refinancing if it fails to meet its obligations[18]. - The company has committed to timely and sufficient disclosure of any failure to fulfill commitments to protect investor rights[19]. - The company will take responsibility for any losses incurred by investors due to violations of commitments[20]. Operational Metrics - Accounts receivable increased by 120.18% to 795,422.85 from 361,257.42 due to increased sales[14]. - Prepayments rose by 62.25% to 15,786,966.11 from 9,729,917.06, attributed to construction project deposits[14]. - Interest receivable decreased by 76.46% to 368,041.54 from 1,563,412.51 as estimated interest was received[14]. - Accounts payable increased by 103.18% to 2,473,944.52 from 1,217,588.12 due to higher purchases of automotive parts[14]. - Other payables increased by 43.83% to 8,145,566.65 from 5,663,141.94, related to employee social insurance payments[14]. Revenue and Costs - Total operating revenue decreased to ¥21,057,643.16 from ¥22,930,203.07, a decline of approximately 8.16% year-over-year[32]. - Total operating costs increased to ¥32,998,990.90 from ¥30,546,907.93, an increase of about 8.01% year-over-year[32]. - Cash paid for goods and services was ¥9,160,572.23, down from ¥11,049,268.62, a reduction of about 17.06%[36]. - Cash paid to employees increased to ¥17,255,135.63 from ¥13,377,652.62, an increase of approximately 28.36%[36]. - The company reported a significant increase in sales expenses to ¥2,072,814.79 from ¥1,652,093.11, an increase of about 25.55%[33]. - Management expenses decreased to ¥5,340,030.75 from ¥5,903,656.17, a reduction of approximately 9.55%[33].