GTCL(SZ:000978)2016-04-28 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥97,478,709.40, representing a 0.34% increase compared to ¥97,151,006.31 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥10,858,601.09, which is a 20.01% reduction in loss compared to a loss of ¥13,575,615.81 in the previous year[8]. - The net cash flow from operating activities was a negative ¥23,610,360.04, showing a 17.31% improvement from a negative ¥28,552,172.56 in the same period last year[8]. - The total assets at the end of the reporting period were ¥2,728,996,462.34, down 4.49% from ¥2,857,230,919.94 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 0.73% to ¥1,468,082,258.10 from ¥1,478,940,721.39 at the end of the previous year[8]. - The basic and diluted earnings per share were both -¥0.030, a decrease of 21.05% from -¥0.038 in the same period last year[8]. - The weighted average return on equity improved to -0.74% from -0.93% year-on-year, reflecting a 0.19% increase[8]. - Non-operating income and expenses amounted to a net loss of ¥34,204.98, impacting the overall financial results[10]. Government Support - The company received government subsidies totaling ¥1,164,604.19 during the reporting period, which contributed positively to its financial performance[9]. - The company reported a total of 10,568.20 yuan in government subsidies for public welfare positions, aiding in employment for difficult-to-employ individuals[10]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 30,490[13]. - The largest shareholder, Guilin Tourism Development Company, holds 23.06% of shares, totaling 83,051,422 shares[13]. - Guilin Tourism Development Company is the controlling shareholder of Guilin Wuzhou Tourism Co., Ltd., indicating a significant ownership structure[13]. Cash Flow and Financial Management - Cash and cash equivalents decreased by 61.11% from 197.42 million to 76.78 million due to repayment of bank loans and employee bonuses[15]. - Prepaid accounts increased by 105.19% from 2.39 million to 4.91 million, attributed to prepayments for fuel and hotel renovation[15]. - Investment income surged by 813.86% from 0.44 million to 4.02 million, driven by increased returns from associated companies[17]. - Net cash flow from operating activities improved by 17.31% from -28.55 million to -23.61 million, reflecting increased cash receipts from sales[19]. - The company repaid 10.2 million in short-term loans, reducing the total from 30.7 million to 20.5 million, a decrease of 33.22%[15]. - The company reported a 67.63% decrease in employee compensation payable, from 41.21 million to 13.34 million, due to the distribution of bonuses[15]. - The net cash flow from financing activities decreased by 24.13% from -122.59 million to -93.01 million, indicating reduced bank borrowing[19]. Investments and Acquisitions - Guilin Tourism Co., Ltd. holds a 16% stake in Guilin Airlines Tourism Group Co., Ltd. after a capital contribution agreement signed on March 4, 2016[21]. - As of the report date, Guilin Tourism has received 14.74 million CNY from Guilin Xingjin Industrial Co., Ltd. for the Fulong Garden project[22]. - The company established Guilin Tiandi Holiday Tourism Co., Ltd. with a registered capital of 5 million CNY, holding a 51% stake[23]. - The company transferred 10% of its stake in Guilin Tiandi Holiday Tourism Co., Ltd. to Zhejiang Shenda Intelligent Technology Co., Ltd. for 500,000 CNY[23]. - Guilin Tourism acquired the waterway operation rights for the urban section of the Lijiang River for 45 million CNY, with a capacity of 700 passenger seats[25]. - The company is responsible for integrating existing boat enterprises in the Lijiang urban section, which has a total capacity of 2,395 passenger seats[26]. - The operational rights for the Lijiang River will last for 10 years, from March 30, 2016, to March 29, 2026[25]. - The company aims to enhance its market share by controlling water tourism resources in the Lijiang urban section[26]. Commitments and Warnings - As of April 2016, the initial capital contributions from shareholders amounted to 250,000 CNY, with Guilin Tourism contributing 102.5 million CNY[24]. - The company is currently fulfilling commitments made regarding stock market activities and shareholder agreements[28]. - The company reported a commitment to not reduce its stock holdings in the next six months, having purchased 102,600 shares for approximately 1 million RMB, totaling a transaction amount of 1.0446 million RMB[29]. - There is a warning regarding the potential for significant changes in net profit for the period from January to June 2016, although specific figures were not provided[31]. Compliance and Activities - The company did not engage in any securities or derivative investments during the reporting period[32]. - There were no activities related to research, communication, or interviews conducted during the reporting period[33]. - The company reported no violations regarding external guarantees during the reporting period[34]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[35].