STS(SH:603322)2017-04-28 16:00Financial Performance - Operating revenue increased by 21.36% to CNY 163,366,690.82 compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 7,773,427.50, a decrease of 1,174.27% compared to the same period last year[6] - Cash flow from operating activities showed a loss of CNY 117,940,992.02, compared to a loss of CNY 80,745,764.68 in the previous year[6] - The company anticipates a significant decline in cumulative net profit compared to the same period last year due to substantial losses from operations in Jiangsu, Heilongjiang, and Yunnan provinces[13] - The net profit for Q1 2017 was a loss of CNY 7,705,255.73, compared to a profit of CNY 806,995.18 in Q1 2016, indicating a substantial decline in profitability[26] - The operating profit for the current period is -¥6,689,142.11, worsening from -¥2,751,667.16 in the previous period[29] - The net profit for the current period is -¥6,400,508.20, compared to -¥2,215,049.11 in the previous period, indicating a significant increase in losses[30] Assets and Liabilities - Total assets decreased by 5.14% to CNY 998,262,584.21 compared to the end of the previous year[6] - Total assets decreased to CNY 998,262,584.21 from CNY 1,052,398,777.47, indicating a reduction in overall asset value[18] - The total liabilities as of March 31, 2017, were CNY 569,291,521.97, compared to CNY 544,459,385.01 at the start of the year, showing an increase in financial obligations[23] - Short-term borrowings rose to CNY 140,800,000.00 from CNY 131,130,000.00, reflecting increased financing needs[18] Cash and Cash Equivalents - The company's cash and cash equivalents decreased by 34.40% to CNY 215,858,298.96 due to payments for production funds[11] - Cash and cash equivalents decreased to CNY 215,858,298.96 from CNY 329,055,187.72, indicating a reduction in liquidity[17] - Cash and cash equivalents decreased to CNY 196,627,086.71 from CNY 281,729,457.44, indicating a reduction in liquidity[21] - The total cash and cash equivalents at the end of the period is ¥185,615,294.33, down from ¥305,425,854.24 at the beginning of the period[34] - The ending cash and cash equivalents balance decreased to $166,884,082.08 from $259,600,123.96, showing a decline of approximately 35.6%[38] - The net increase in cash and cash equivalents was -$92,716,041.88, compared to a decrease of -$49,278,489.47 in the previous period[38] Shareholder Information - The number of shareholders reached 5,950 at the end of the reporting period[9] - The largest shareholder, Liang Jianhua, holds 46.43% of the shares, with 3,800,000 shares pledged[9] Operating Costs and Revenue - Operating costs rose to CNY 143,251,454.33, reflecting a 40.20% increase from CNY 102,178,814.51, primarily due to new business operations in Jiangsu, Yunnan, and Heilongjiang provinces starting in Q2 2016[12] - Total operating costs for Q1 2017 were CNY 171,525,397.05, up from CNY 133,790,474.61, reflecting a significant increase in costs[25] - Cash received from sales and services was CNY 136,428,956.25, up 32.48% from CNY 102,979,334.29, attributed to faster collection of receivables[12] - Cash paid for purchasing goods and services increased by 55.01% to CNY 171,513,018.72 from CNY 110,644,241.60, mainly due to an increase in accounts payable[12] Equity and Earnings - The company's total equity decreased to CNY 413,994,431.04 from CNY 420,394,939.24, indicating a decline in shareholder value[23] - Basic and diluted earnings per share for Q1 2017 were both CNY -0.10, compared to CNY 0.01 in the same period last year, highlighting a negative shift in earnings performance[27]