BGE(SH:603588)2015-04-24 16:00Financial Performance - Operating revenue increased by 87.50% to CNY 68,248,353.51 year-on-year[5] - Net profit attributable to shareholders was CNY -21,693,323.23, a decrease of 5.27% compared to the same period last year[5] - Basic earnings per share improved by 23.53% to CNY -0.13 compared to CNY -0.17 in the previous year[5] - The company anticipates a significant change in net profit compared to the previous year, with no specific warnings issued regarding potential losses[24] - The net loss for Q1 2015 was CNY 22,013,758.16, compared to a net loss of CNY 20,951,292.38 in Q1 2014, representing a 5.1% increase in losses[35] - The total profit (loss) for Q1 2015 was CNY -21,931,530.89, compared to CNY -20,563,530.71 in Q1 2014, reflecting a 6.6% increase in losses[33] Cash Flow - The net cash flow from operating activities was CNY -79,202,965.38, representing a decline of 60.80% year-on-year[5] - Cash inflows from operating activities totaled CNY 361,476,328.95, an increase of 40.4% compared to CNY 257,526,295.79 in the same period last year[38] - The net cash flow from operating activities was -64,002,677.65 RMB, compared to -38,689,017.95 RMB in the previous period, indicating a decline of approximately 65.5% year-over-year[43] - The total cash inflow from operating activities was 206,849,427.45 RMB, an increase of 12% from 184,574,165.64 RMB in the previous period[43] - The company reported a total cash outflow of 440,679,294.33 RMB from operating activities, up from 306,783,206.67 RMB, indicating a rise of approximately 43.5%[43] Assets and Liabilities - Total assets decreased by 17.57% to CNY 2,474,778,917.50 compared to the end of the previous year[5] - Total liabilities decreased from CNY 1,243,936,521.45 to CNY 738,332,118.12, a reduction of about 40.6%[28] - Current liabilities decreased from CNY 1,210,890,571.77 to CNY 725,156,264.76, a reduction of about 40%[28] - Cash and cash equivalents at the end of the reporting period amounted to CNY 218.65 million, a decrease of 73.22% compared to the previous year, primarily due to repayment of bank loans[12] - Accounts receivable at the end of the reporting period were CNY 61.49 million, a decrease of 34.02% year-over-year, attributed to lower project settlement amounts in the first quarter[13] - Total cash and cash equivalents at the end of the period were 214,623,615.94 RMB, down from 815,165,776.63 RMB at the beginning of the period, reflecting a decrease of 73.7%[41] Shareholder Information - The total number of shareholders reached 8,119 at the end of the reporting period[9] - The largest shareholder, Li Weiguo, holds 22.30% of the shares, totaling 36,032,962 shares[9] - The company has strictly adhered to commitments made by shareholders holding more than 5% of shares during the reporting period[23] Operating Costs and Expenses - Operating costs for the reporting period were CNY 47.57 million, an increase of 88.40% year-over-year, reflecting the growth in project volumes[17] - Management expenses increased significantly to CNY 36,009,125.46, up 32.0% from CNY 27,265,741.56 year-over-year[33] - Sales expenses rose to CNY 7,116,318.93, a 3.6% increase from CNY 6,865,222.58 in Q1 2014[33] - The company reported a financial expense of CNY -2.27 million, a decrease of 268.96% year-over-year, due to reduced interest expenses from timely repayment of bank loans[20] - The company reported a financial expense of CNY -2,270,472.95, compared to a financial expense of CNY 1,343,829.02 in the previous year, indicating a positive change in financial costs[33] Other Financial Metrics - The weighted average return on equity increased by 0.0102 percentage points to -1.27%[5] - The company reported a non-current asset disposal loss of CNY -3,347.85 due to asset scrapping[6] - The company received government subsidies amounting to CNY 20,000.00 related to patent promotion[6] - Prepayments at the end of the reporting period were CNY 23.12 million, an increase of 113.79% year-over-year, due to advance payments for ongoing projects[14] - Other receivables at the end of the reporting period were CNY 70.62 million, an increase of 41.06% compared to the previous year, related to labor insurance funds and business loans for market expansion[13] - The company reported a significant increase in advance receipts from CNY 224,825,375.22 to CNY 322,409,865.80, an increase of approximately 43.5%[31] - Long-term borrowings decreased from CNY 30,000,000.00 to CNY 10,000,000.00, a reduction of about 66.7%[28]