H&R(SZ:000892)2015-04-29 16:00Financial Performance - The company's operating revenue for Q1 2015 was 0.00 yuan, unchanged from the same period last year[8]. - The net profit attributable to shareholders was -367,649.09 yuan, a decrease of 51.18% compared to -753,112.76 yuan in the previous year[8]. - The company reported a net loss of CNY 500,006,546.43 for the period, compared to a loss of CNY 499,638,897.34 at the beginning of the period[25]. - The company reported a net loss of CNY 367,649.09 for Q1 2015, compared to a net loss of CNY 753,112.76 in the same period last year, indicating a reduction in losses by about 51%[30]. - Operating revenue for Q1 2015 was CNY 0.00, unchanged from the previous year, reflecting ongoing challenges in generating sales[29]. - Basic and diluted earnings per share for Q1 2015 were both -0.0009, an improvement from -0.0018 in the previous year[30]. Cash Flow and Liquidity - The net cash flow from operating activities was -423,294.90 yuan, representing an 18.32% improvement from -518,237.12 yuan in the same period last year[8]. - Total cash inflow from operating activities was 7,379.29 yuan, significantly lower than 285,299.53 yuan in the previous year, reflecting a decrease of about 97.4%[34]. - Cash outflow from operating activities totaled 430,674.19 yuan, down from 803,536.65 yuan in the previous year, representing a reduction of approximately 46.2%[34]. - The net cash flow from financing activities was 906.79 yuan, with no significant cash inflows from other financing sources reported[35]. - The net increase in cash and cash equivalents for the first quarter was -422,388.11 yuan, compared to -518,237.12 yuan in the same period last year, showing a decrease of about 18.5%[35]. - The ending balance of cash and cash equivalents was 2,619,230.11 yuan, down from 5,260,873.23 yuan at the end of the previous year, indicating a decline of approximately 50.2%[35]. - The net cash flow from operating activities for the parent company was 553,901.77 yuan, a significant recovery from -355,853.93 yuan in the previous year[36]. - Cash inflow from operating activities for the parent company was 800,106.77 yuan, compared to 261,464.33 yuan in the same period last year, marking an increase of approximately 205.3%[36]. - The cash outflow from operating activities for the parent company was 246,205.00 yuan, down from 617,318.26 yuan in the previous year, reflecting a decrease of about 60.2%[37]. - The ending balance of cash and cash equivalents for the parent company was 902,331.89 yuan, up from 281,929.58 yuan at the end of the previous year, indicating an increase of approximately 219.5%[37]. Assets and Liabilities - The total assets at the end of the reporting period were 2,661,313.13 yuan, down 13.70% from 3,083,701.24 yuan at the end of the previous year[8]. - The total assets of the company as of March 31, 2015, were CNY 2,661,313.13, down from CNY 3,083,701.24 at the beginning of the period[23]. - The company's current assets decreased from CNY 3,083,701.24 to CNY 2,661,313.13, indicating a decline in liquidity[23]. - The total liabilities decreased from CNY 109,310.07 to CNY 53,664.26, reflecting a reduction in financial obligations[25]. - Total liabilities increased to CNY 847,364.45 from CNY 93,638.53, marking a significant rise in liabilities[28]. - The company's equity attributable to shareholders decreased from CNY 2,974,391.17 to CNY 2,607,648.87, indicating a decline in shareholder value[25]. - The total equity of the company was CNY 1,081,767.44, down from CNY 1,280,684.80, indicating a decline in equity[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,411[10]. - The largest shareholder, Shanghai Xinyi Industrial Co., Ltd., held 25.84% of the shares, totaling 106,938,440 shares[10]. - Shanghai Xinyi Industrial Co., Ltd. holds a 25.84% stake in the company, emphasizing its significant influence[16]. - The company has ongoing commitments to ensure independence and avoid conflicts of interest with its major shareholder, Shanghai Xinyi Industrial Co., Ltd.[16]. Management and Expenses - Management expenses decreased by 52.14% to 372,654.11 yuan due to timing differences in payments for audit and disclosure fees[14]. - Financial expenses decreased by 59.80% to -5,005.02 yuan as a result of reduced bank deposits and corresponding interest income[14]. - Management expenses decreased to CNY 199,025.92 from CNY 356,658.26, a reduction of about 44% year-over-year[32]. - The total operating costs for Q1 2015 were CNY 367,649.09, down from CNY 775,572.36, reflecting a decrease of approximately 53%[30]. Strategic Initiatives - The company is actively seeking to inject quality assets to improve its financial situation, as per the restructuring plan approved by the court[17]. - There were no securities or derivative investments reported during the period, indicating a conservative investment strategy[18][20]. - The company did not engage in any research or communication activities during the reporting period, suggesting a focus on internal operations[21].