DZCM(SH:603999)2016-04-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 20.19% to CNY 11,826,692.02 year-on-year[8] - Operating revenue fell by 41.11% to CNY 106,085,886.46 compared to the same period last year[8] - Basic earnings per share decreased by 37.5% to CNY 0.05 from CNY 0.08 in the previous year[8] - The weighted average return on net assets decreased by 0.76 percentage points to 0.74%[8] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 23.30% to CNY 10,599,138.00[8] - Total operating revenue for Q1 2016 was CNY 106,085,886.46, a decrease of 41.0% compared to CNY 180,146,137.04 in the same period last year[41] - Net profit for Q1 2016 was CNY 10,782,008.00, a decline of 15.5% from CNY 12,683,749.71 in Q1 2015[41] - Total comprehensive income attributable to the parent company was CNY 11,826,692.02, compared to CNY 14,817,792.32 in the previous year[43] Cash Flow and Assets - The net cash flow from operating activities improved to CNY -27,322,770.24 from CNY -42,961,165.56 year-on-year[8] - Cash flow from operating activities showed a net outflow of CNY -27,322,770.24, an improvement from a net outflow of CNY -42,961,165.56 in Q1 2015[13] - The company’s cash flow from investment activities was positive at ¥5,576,248.91, a significant recovery from a negative cash flow of ¥37,778,652.00 in the previous year[14] - Cash and cash equivalents at the end of the reporting period were CNY 1,244,720,072.63, down from CNY 1,268,979,942.96 at the beginning of the year[32] - Cash and cash equivalents at the end of Q1 2016 were CNY 1,023,019,745.41, down from CNY 1,039,827,913.35 at the beginning of the year[36] - The net decrease in cash and cash equivalents for the quarter was CNY 16,808,167.94, an improvement from a decrease of CNY 89,965,704.36 in the previous year[51] Shareholder Information - The total number of shareholders reached 34,971 at the end of the reporting period[11] - The largest shareholder, Reader Publishing Group Co., Ltd., holds 57.84% of the shares[12] Inventory and Receivables - Accounts receivable increased by 55.30% to ¥169,294,959.02 from ¥109,013,309.76 at the beginning of the year[13] - Inventory decreased by 13.74% to ¥69,445,897.77 from ¥80,507,851.60 at the beginning of the year[13] - Accounts receivable increased to CNY 169,294,959.02 from CNY 109,013,309.76, indicating a growth of approximately 55.3%[32] - Inventory decreased to CNY 69,445,897.77 from CNY 80,507,851.60, reflecting a decline of about 13.4%[32] Dividend Policy - The company has established a future dividend return plan for shareholders from 2014 to 2016, ensuring compliance with relevant regulations[21] - The dividend return plan considers factors such as the company's rapid development stage, cash flow status, and shareholder expectations[22] - The board of directors will review the profit distribution plan based on the company's operating conditions and cash flow, requiring majority approval from directors and independent directors for implementation[23] - The company plans to distribute dividends in cash, stock, or a combination of both, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[24] - In cases of significant capital expenditures, the minimum cash dividend ratio is set at 40% for mature stages and 20% for growth stages[24] - The company must propose a cash distribution plan if the distributable profit is positive and the annual financial report receives an unqualified audit opinion[24] - The board of directors is required to consider various factors, including industry characteristics and profitability, when formulating the dividend distribution plan[24] Operating Costs - The company reported a 50.17% reduction in operating costs, totaling ¥71,075,083.78 compared to ¥142,636,291.32 in Q1 2015[13] - Total operating costs for Q1 2016 were CNY 96,587,704.30, down 42.5% from CNY 168,066,874.69 year-over-year[41]