SHGBIT(SH:603918)2016-04-28 16:00Financial Performance - Operating revenue increased by 53.25% year-on-year to CNY 61,436,588.49[7] - Net profit attributable to shareholders decreased by 37.92% year-on-year to CNY -5,350,928.69[7] - Basic and diluted earnings per share improved by 53.44% year-on-year to CNY -0.0608[7] - Net profit for Q1 2016 improved by 37.92% year-on-year, amounting to a loss of ¥5,350,928.69, driven by increased operating revenue and reduced interest expenses[22] - The company reported a basic and diluted earnings per share of CNY -0.0608 for Q1 2016, compared to CNY -0.1306 in Q1 2015[38] - The net profit for Q1 2016 was -5,303,691.79 RMB, an improvement from -8,195,135.03 RMB in the same period last year, representing a 35.5% reduction in losses[41] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 15.78% year-on-year to CNY -94,619,742.61[7] - Cash and cash equivalents decreased by 32.96% compared to the beginning of the period, primarily due to increased operational expenditures[14] - Operating cash inflow for Q1 2016 was 114,616,454.60 RMB, up from 83,389,539.08 RMB, indicating a 37.4% increase year-over-year[44] - The net cash flow from operating activities was -94,619,742.61 RMB, worsening from -81,723,500.78 RMB in the previous year[44] - Total cash and cash equivalents at the end of Q1 2016 stood at 194,708,104.23 RMB, compared to 90,488,805.76 RMB at the end of Q1 2015, marking a 115.5% increase[45] - Cash outflow from financing activities was -330,022.36 RMB, an improvement from -9,856,807.00 RMB in the same period last year[45] Assets and Liabilities - Total assets decreased by 11.28% from the end of the previous year to CNY 689,124,467.71[7] - Total assets as of March 31, 2016, amounted to ¥689,124,467.71, down from ¥776,761,633.32 at the beginning of the year[30] - Total liabilities decreased to CNY 228,628,938.98 from CNY 310,157,488.48, a reduction of 26.3%[35] - Current assets totaled CNY 593,791,396.85, down 13.1% from CNY 682,887,344.62 at the start of the year[34] Inventory and Expenditures - Inventory increased by 41.14% compared to the beginning of the period, attributed to ongoing project implementations[14] - Development expenditures surged by 180.04% compared to the beginning of the period, mainly for the development of "court litigation hall self-service terminal" technology[14] - Main operating costs rose by 51.93% year-on-year to ¥43,653,930.32, reflecting the increase in revenue and project completion[20] - Total operating costs for Q1 2016 were CNY 68,247,155.26, up 35.9% from CNY 50,201,619.22 in Q1 2015[37] Shareholder Information - The total number of shareholders reached 13,108, with the largest shareholder holding 29.92% of the shares[10] Financial Restructuring - The company is currently planning a major asset restructuring, with stock trading suspended since March 28, 2016, and expected to resume by April 5, 2016[24]