SHBM(SH:900939)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders improved by 65.75%, reaching a loss of CNY 426,458.82, compared to a loss of CNY 1,245,292.94 in the same period last year[11] - Operating revenue decreased by 4.15% to CNY 1,995,327.18 from CNY 2,081,720.97 year-on-year[11] - Total revenue for Q1 2014 was CNY 1,995,327.18, a decrease of 4.14% compared to CNY 2,081,720.97 in Q1 2013[27] - Net profit for Q1 2014 was CNY -430,879.39, compared to CNY -1,257,038.31 in Q1 2013, indicating an improvement in losses[27] - The company reported a basic earnings per share of -0.002 for Q1 2014, an improvement from -0.007 in Q1 2013[27] Assets and Liabilities - Total assets decreased by 4.03% to CNY 76,015,918.03 compared to the end of the previous year[11] - The company's total assets as of March 31, 2014, were CNY 76,015,918.03, down from CNY 79,203,979.67 at the end of 2013, a decrease of 2.77%[24] - Total liabilities decreased to CNY 22,880,115.29 from CNY 25,637,297.54, reflecting a reduction of 10.73%[24] - The total equity attributable to shareholders was CNY 49,800,135.54, slightly down from CNY 50,226,594.36[24] Cash Flow - Net cash flow from operating activities showed a significant decline of 172.08%, resulting in a negative cash flow of CNY 1,595,148.19[11] - In Q1 2014, the company's net cash flow from operating activities was -1,595,148.19 RMB, compared to -586,289.84 RMB in Q1 2013, indicating a decline in operational cash flow[28] - The total cash outflow from operating activities in Q1 2014 was 3,611,400.78 RMB, compared to 2,931,234.44 RMB in Q1 2013, representing an increase of about 23%[28] - The company reported a total cash inflow of 10,517,629.58 RMB in Q1 2014, compared to 11,034,182.10 RMB in Q1 2013, reflecting a slight decrease[28] Shareholder Information - The number of shareholders increased to 8,968, with the top ten shareholders holding a combined 58.82% of the shares[14] - The company’s major shareholder, Shanghai Huili Group, transferred 4% of its shares to Shanghai Pudong Asset Management Co., Ltd., which was approved by the State-owned Assets Supervision and Administration Commission[18] Investment and Income - The company recorded an investment income loss of CNY 390,383.70, a 55.34% improvement compared to the previous year[17] - Cash received from sales of goods and services in Q1 2014 was 2,321,962.27 RMB, up from 2,001,526.47 RMB in Q1 2013, reflecting a growth of approximately 16%[28] - The cash inflow from the disposal of fixed assets in Q1 2014 was 2,000,000.00 RMB, down from 11,630,000.00 RMB in Q1 2013, indicating a significant decrease[28] Financial Ratios and Metrics - The weighted average return on net assets increased by 1.34 percentage points to -0.85%[11] - The company's financial expenses improved to CNY -8,836.12 from CNY -18,386.83, indicating better cost management[27] - Accounts receivable stood at CNY 864,709.81, showing a slight decrease from CNY 870,909.10[23] - The company's inventory remained stable at CNY 9,614.28, unchanged from the previous period[23] - Cash and cash equivalents increased by 205.41% to CNY 15,637,993.35, mainly due to the maturity of structured deposit products[17] - The company's cash and cash equivalents increased significantly to CNY 15,637,993.35 from CNY 5,120,363.77, a growth of 206.57%[23]