SEC(SH:603988)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders was ¥11,140,084.10, representing a decrease of 22.82% year-on-year[8]. - Operating revenue for the period was ¥59,236,335.78, down 17.20% from the same period last year[8]. - Basic and diluted earnings per share were both ¥0.14, down 22.22% compared to ¥0.18 in the same period last year[8]. - Operating profit decreased to ¥13,054,206.89, a decline of 22.4% compared to ¥16,916,971.90 in the previous period[31]. - The company reported a total profit of ¥13,038,439.95, a decrease of 23.0% from ¥16,979,984.26 in the previous period[31]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥10,057,494.08, a turnaround from a negative cash flow of ¥8,628,045.30 in the previous year, marking a 216.57% increase[8]. - Cash and cash equivalents decreased by 39.67% to RMB 66,158,821.09 from RMB 109,667,582.47 at the end of 2015[16]. - Cash and cash equivalents at the end of the period are ¥47,367,233.83, down from ¥281,484,275.80 at the end of the previous period[35]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥807,821,896.39, a slight increase of 0.17% compared to the previous year[8]. - The company’s total liabilities decreased slightly, with accounts payable down by 4.88% to RMB 75,933,972.99[16]. - Total liabilities decreased from ¥170,683,155.54 to ¥160,927,509.22, a decline of approximately 5.5%[28]. - The total equity increased from ¥635,754,303.07 to ¥646,894,387.17, an increase of about 1.8%[29]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,083[12]. - The largest shareholder, Wang Jianyu, holds 30.00% of the shares, with 24,000,000 shares pledged[12]. - The company has a commitment from major shareholders to not transfer shares during the lock-up period of 36 months post-IPO, ensuring stability in shareholding[21]. Investment Activities - The company made a long-term equity investment of RMB 32 million in Suzhou Playfriend Technology Co., acquiring 4% of its shares[20]. - Investment income rose to RMB 2,920,841.37, a 100% increase due to investments in guaranteed financial products[17]. - The company received investment income of ¥2,920,841.37 during the current period, with no comparable figure in the previous period[34]. Operational Insights - The company reported non-recurring gains and losses totaling -¥13,401.90 for the period[10]. - The company has not disclosed any new product developments or market expansion strategies in this report[15]. - The company has committed to avoiding any competition with its major shareholders and management, ensuring no conflicts of interest[22]. Changes in Current Assets - Current assets decreased from ¥677,856,962.02 to ¥650,673,452.91, a reduction of approximately 4.5%[27]. - Accounts receivable increased from ¥145,028,846.82 to ¥157,574,489.80, representing an increase of approximately 8.8%[27]. - Inventory decreased from ¥111,394,254.83 to ¥103,255,291.66, a reduction of about 7.3%[27]. - The company reported a significant increase in prepayments by 107.70% to RMB 8,991,234.59, attributed to payments for project progress and materials[16]. Financial Management - The company’s financial expenses decreased significantly by 61.66%, improving from a loss of RMB 1,803,098.32 to a loss of RMB 691,319.03[17].