Linewell(SH:603636)2017-04-26 16:00Financial Performance - Operating revenue increased by 107.76% year-on-year to CNY 60,265,890.26[7] - Net profit attributable to shareholders was CNY -14,292,440.94, a decline of 16.62% compared to the same period last year[7] - Basic earnings per share improved by 71.37% to CNY -0.0351[7] - Operating costs increased by 142.39% to CNY 49,308,259.17 from CNY 20,342,271.61, primarily due to the rise in revenue[15] - The company reported a significant increase in prepayments, which rose to CNY 30,965,677.93 from CNY 8,664,335.32, representing a growth of approximately 258%[22] - The company reported a total comprehensive loss for the current period was -¥10,637,272.06, compared to -¥6,908,750.41 in the previous year[33] Cash Flow - The net cash flow from operating activities was CNY -57,902,059.18, representing a decrease of 32.61% year-on-year[7] - Cash inflows from operating activities totaled ¥72,485,002.98, down 35.5% from ¥112,588,559.96 in the prior period[35] - The net cash flow from investment activities was -98,123,343.46 RMB, an improvement from -163,197,416.23 RMB in the previous year, suggesting better management of investment cash outflows[37] - The company experienced a net decrease in cash and cash equivalents of -146,693,435.17 RMB during the quarter, compared to -182,388,591.11 RMB in the same quarter last year, indicating a slight improvement in cash management[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,300,366,047.56, a decrease of 0.93% compared to the end of the previous year[7] - Net assets attributable to shareholders decreased by 2.74% to CNY 859,127,524.27[7] - The company's current assets totaled CNY 980,345,110.19, down from CNY 1,012,281,474.43 at the start of the year, indicating a decline of approximately 3.3%[22] - Total liabilities rose to CNY 421,671,243.29 from CNY 408,550,018.59, marking an increase of about 3%[23] Investments - Long-term equity investments rose significantly by 3,556.41% to CNY 5,651,954.97, attributed to investments in acquisition funds[14] - The company reported an investment loss of -¥596,121.31, compared to -¥5,497,749.43 in the previous period, showing improvement[32] Strategic Initiatives - The company won a PPP project with a total investment of CNY 453,131,000, which is expected to enhance its experience in smart city construction[19] - The company plans to focus on urban management, industrial development, and public services to establish a benchmark smart city in Quanzhou[19] Financial Management - The company's financial expenses improved by 49.73%, with a reduction in bank deposit business losses[15] - The company's investment income loss decreased by 93.44%, indicating improved performance in trading financial assets[15] - The cash flow from financing activities was primarily impacted by dividend payments of 7,072,580.80 RMB, which were not present in the previous year[37]