SHBM(SH:900939)2015-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY -715,766.29, a decrease of 67.84% year-on-year[7] - Operating revenue increased by 20.10% to CNY 2,396,391.54 compared to the same period last year[7] - Net profit for Q1 2015 was a loss of CNY 721,877.64, compared to a loss of CNY 430,879.39 in Q1 2014, indicating a decline of 67.5%[29] - The total comprehensive loss for Q1 2015 was CNY -721,877.64, compared to CNY -430,879.39 in Q1 2014, reflecting an increase in losses of 67.5%[29] - The company reported a basic and diluted earnings per share of CNY -0.004, worsening from CNY -0.002 in the previous year[30] Assets and Liabilities - Total assets decreased by 2.18% to CNY 75,397,052.33 compared to the end of the previous year[7] - As of March 31, 2015, total assets amounted to 75.4 million RMB, a decrease from 77.1 million RMB at the beginning of the year[22] - The company has a total liability of 21.5 million RMB, down from 22.4 million RMB at the beginning of the year[22] - Total liabilities amounted to CNY 38,576,367.19, with total equity at CNY 197,587,855.90[26] Cash Flow - Net cash flow from operating activities improved by 114.00% to CNY 223,384.63 compared to the previous year[7] - Cash flow from operating activities generated a net inflow of CNY 223,384.63, a significant improvement from a net outflow of CNY -1,595,148.19 in Q1 2014[33] - The cash flow from operating activities resulted in a net outflow of 621,582.73 RMB, worsening from a net outflow of 345,313.51 RMB in the previous period[37] - The net cash flow from investment activities was 1,563,000.00 RMB, compared to 12,112,777.77 RMB in the previous period, indicating a significant decrease[34] - The net cash flow from financing activities was 2,000,000.00 RMB, a recovery from a net outflow of 1,100,000.00 RMB in the previous period[37] Inventory and Expenses - The company reported a significant increase in inventory by 871.83% to CNY 72,671.10, primarily due to the procurement of flooring products[13] - Management expenses increased by 40.66% to CNY 1,428,303.73, attributed to higher information disclosure and maintenance costs[13] - The company recorded a significant increase in management expenses to CNY 1,428,303.73 from CNY 1,015,403.51, reflecting a rise of 40.7%[29] Investment and Shareholder Information - Investment income decreased by 179.46% to CNY -1,090,968.41, mainly due to reduced net profit from an associated company[13] - The number of shareholders reached 10,193, with the largest shareholder holding 28.64% of the shares[10] - The investment loss from associates and joint ventures was CNY -1,153,968.41, compared to CNY -503,161.47 in the previous year, indicating a deterioration of 129.4%[29] Future Outlook and Challenges - The company's main business revenue has not fundamentally improved, leading to uncertainty in maintaining profitability for the year[15] - The company has not reported any new product developments or market expansion strategies in this quarter[12] - The company is undergoing a change in actual control due to the property reform of its controlling shareholder, which may affect future operations[14] - The company has committed to actively pursue the collection of outstanding receivables to mitigate potential financial impacts[14]