COSHIP(SZ:002052)2015-04-23 23:39Financial Performance - The company's operating revenue for Q1 2015 was ¥196,046,061.29, a decrease of 38.10% compared to ¥316,725,554.84 in the same period last year[7] - Net profit attributable to shareholders was ¥2,030,567.88, representing a significant increase of 104.62% from a loss of ¥43,957,711.99 in the previous year[7] - Basic and diluted earnings per share were both ¥0.003, marking a 105.00% increase from a loss of ¥0.06 per share in the previous year[7] - The company reported a net loss of CNY 247,337,298.17, slightly improved from a loss of CNY 249,367,866.05 in the previous period[39] - The comprehensive income total for Q1 2015 was CNY 2,921,210.44, compared to a comprehensive loss of CNY -43,957,711.99 in the same period last year[46] Cash Flow - The net cash flow from operating activities improved to ¥73,533,388.64, a 131.32% increase from a negative cash flow of ¥234,786,694.86 in the same period last year[7] - Cash inflow from operating activities totaled CNY 519,256,229.39, an increase from CNY 319,768,617.19 in the previous period[52] - The company's cash flow from operating activities showed a positive trend, with a net cash flow of ¥45,241,548.01 compared to a negative cash flow in the previous year[55] - Total cash inflow from financing activities was ¥340,177,196.82, while cash outflow was ¥562,772,278.48, resulting in a net cash flow of -¥222,595,081.66[54] - The company incurred a net cash outflow of ¥8,916,524.61 from investing activities, compared to a larger outflow of ¥21,244,069.00 in the previous year[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,510,099,045.91, down 15.94% from ¥2,985,967,439.34 at the end of the previous year[7] - Current assets decreased to CNY 1,373,798,344.95 from CNY 1,889,501,196.23[40] - Total liabilities decreased to CNY 1,663,215,262.21 from CNY 2,142,004,866.08[38] - The company's cash and cash equivalents dropped to CNY 52,260,448.12 from CNY 346,196,044.50[40] - Accounts receivable decreased to CNY 897,143,892.40 from CNY 1,102,614,833.52[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,955[10] - The largest shareholder, Yuan Ming, holds 18.03% of the shares, with a total of 123,107,038 shares, which are pledged[10] - The company has committed to maintaining shareholder interests and will continue to adhere to its commitments regarding business operations and competition[27] Operational Developments - The company has completed the main construction of approximately 30,000 square meters of factory and office buildings in Hubei Jingzhou Industrial Park[15] - In Cambodia, the company has completed the construction of 7 wireless transmission stations and has begun broadcasting services in major cities[16] - The company has changed its name to Shenzhen Coship Internet Technology Co., Ltd. to better reflect its strategic focus on internet television business[22] Future Plans and Financing - The company plans to issue up to 63 million shares at a price not less than 7.97 yuan per share, raising a total of up to 793.1582 million yuan for investment projects[19] - The company has registered for medium-term notes with a limit of 500 million yuan, but has postponed issuance due to market conditions[20][21] - The company plans to issue private placement bonds not exceeding RMB 300 million to supplement working capital, but has not yet completed the issuance due to high financing costs and inefficiencies compared to other financing methods[23] Cost Management - The company reported a significant reduction in operating costs, which were CNY 126,235,690.65 in Q1 2015 compared to CNY 232,982,710.24 in the previous year[45] - Management expenses were reduced to CNY 45,158,460.83 from CNY 68,372,548.75 in the previous year[45] - The company has effectively controlled expenses, anticipating a significant decrease in costs compared to the previous year, and expects an increase in overall gross margin due to higher revenue from high-margin businesses[29]