Kelida(SH:603828)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 24.65% to CNY 18,617,488.24 year-on-year[6] - Operating revenue declined by 7.22% to CNY 287,753,363.76 compared to the same period last year[6] - Basic earnings per share dropped by 37.50% to CNY 0.15[6] - The net profit after deducting non-recurring gains and losses fell by 30.63% to CNY 16,934,718.96[6] - Total operating revenue for Q1 2016 was CNY 287,753,363.76, a decrease of 7.5% compared to CNY 310,155,720.28 in the same period last year[32] - Net profit for Q1 2016 was CNY 18,617,488.24, representing a decline of 24.7% from CNY 24,708,896.46 in Q1 2015[33] - Earnings per share for Q1 2016 was CNY 0.15, down from CNY 0.24 in the same quarter last year[34] - The net profit for Q1 2016 was ¥13,238,377.11, a decrease of 20.8% compared to ¥16,706,275.56 in the previous year[36] Assets and Liabilities - Total assets decreased by 11.97% to CNY 2,029,930,943.06 compared to the end of the previous year[6] - The company's current assets totaled CNY 1,788,868,176.91, down from CNY 2,091,554,518.34 at the start of the year, indicating a decline of approximately 14.5%[25] - Total liabilities were CNY 1,018,349,829.75, down from CNY 1,314,466,350.83, showing a reduction of about 22.5%[27] - Total assets decreased to CNY 1,762,537,013.08 in Q1 2016 from CNY 1,977,481,801.85 in Q1 2015, a reduction of 10.9%[31] - Total liabilities decreased to CNY 811,122,447.91 in Q1 2016 from CNY 1,040,875,957.58 in Q1 2015, a decline of 22.1%[31] Cash Flow - The net cash flow from operating activities improved to CNY -100,966,416.30 from CNY -213,610,218.00 year-on-year[6] - Cash flow from operating activities increased by 52.73% compared to the same period last year, mainly due to increased cash received from sales and reduced cash paid for purchases[12] - The net cash flow from operating activities was -¥100,966,416.30, an improvement from -¥213,610,218.00 in Q1 2015[39] - The net cash flow from investing activities was ¥111,076,661.25, compared to -¥217,850,523.00 in the previous year[39] - The net cash flow from financing activities was ¥134,218.85, significantly lower than ¥484,206,931.12 in Q1 2015[40] Shareholder Information - The total number of shareholders reached 11,421 at the end of the reporting period[10] - The largest shareholder, Suzhou Kalida Group Co., Ltd., holds 37.16% of the shares[10] - The company's equity attributable to shareholders increased to CNY 1,011,581,113.31 from CNY 991,393,281.28, marking an increase of approximately 2.4%[27] Non-Recurring Items - The company reported a total of CNY 1,682,769.28 in non-recurring gains and losses for the period[8] - The company reported an investment income of CNY 1,936,975.88 in Q1 2016, compared to no investment income reported in Q1 2015[33] Operational Changes - The company committed to not engaging in any business that competes with its main operations, both domestically and internationally[19] - The controlling shareholder, KeLida Group, pledged to stabilize the company's stock price and will not transfer shares until the obligations under the stock price stabilization plan are fulfilled[22] - The company has undertaken to compensate for any losses arising from labor disputes without seeking compensation from Suzhou KeLida Decoration Co., Ltd.[22] - The company reported that it would not provide loans or financial assistance for the purchase of restricted stock under the 2015 incentive plan[22] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[32] Changes in Current Assets - Accounts receivable decreased by 58.88% compared to the beginning of the year, mainly due to fewer project payments settled by notes during the reporting period[12] - Prepayments increased by 118.72% compared to the beginning of the year, primarily due to an increase in prepaid goods during the reporting period[12] - Interest receivable increased by 38.42% compared to the beginning of the year, mainly due to increased interest from bank wealth management products[12] - Other current assets decreased by 69.96% compared to the beginning of the year, primarily due to the redemption of some purchased bank wealth management products at the end of the reporting period[12] - Long-term equity investments at year-end amounted to 14.9734 million yuan, mainly due to investments in joint ventures during the reporting period[12]