CLTG(SZ:002306)2014-01-29 16:00Revenue and Profitability - Revenue for Q1 2013 was ¥251,190,688.74, a decrease of 33.31% compared to ¥376,676,923.41 in Q1 2012[6] - Net profit attributable to shareholders was -¥68,400,874.64, representing a decline of 247.94% from ¥46,236,252.60 in the same period last year[6] - Basic and diluted earnings per share were both -¥0.17, a decrease of 174.35% compared to ¥0.23 in Q1 2012[6] - Operating profit for Q1 2013 was -¥68,810,400, with a total profit of -¥67,647,900, reflecting declines of 216.68% and 214.09% respectively compared to the previous year[16] - Net profit for Q1 2013 was a loss of CNY 69,013,751.25, compared to a profit of CNY 46,097,084.74 in Q1 2012[43] - The net profit for the first quarter of 2013 was -26,245,416.82 CNY, compared to a net profit of 863,352.37 CNY in the same period last year, representing a significant decline[46] - The total comprehensive income for the first quarter was -26,245,416.82 CNY, compared to 863,352.37 CNY in the same period last year, reflecting overall financial challenges[46] Cash Flow and Liquidity - Net cash flow from operating activities was -¥25,005,581.05, down 176.14% from ¥32,843,465.16 in Q1 2012[6] - As of the end of Q1 2013, cash and cash equivalents were 169.048 million yuan, down 39.99% from the end of the previous year, primarily due to decreased operating income[19] - Cash and cash equivalents decreased to CNY 53,507,154.24 from CNY 93,084,486.69, a drop of 42.6%[38] - The operating cash flow for the first quarter was -25,005,581.05 CNY, down from 32,843,465.16 CNY in the previous year, indicating a negative cash flow trend[49] - The company reported a total cash inflow from operating activities of 322,263,736.90 CNY, down from 378,439,251.39 CNY year-over-year[49] - The net cash flow from financing activities was 69,504,008.32 CNY, down from 134,649,417.76 CNY in the previous year, reflecting reduced financing activities[51] Assets and Liabilities - Total assets as of March 31, 2013, were ¥2,249,865,777.61, an increase of 2.58% from ¥2,193,301,326.55 at the end of 2012[6] - The company's total liabilities reached CNY 1,077,030,701.43, an increase of 13.2% from CNY 951,452,499.12 year-over-year[39] - Total assets amounted to CNY 2,012,231,959.72, up from CNY 1,919,975,018.96, reflecting a growth of 4.8%[39] - The company's equity attributable to shareholders decreased to CNY 1,169,068,303.93 from CNY 1,237,469,178.57, a decline of 5.5%[39] - The company’s total liabilities increased, with short-term borrowings and accounts payable contributing significantly to the rise in financial obligations[32] Operating Performance - Total operating revenue for Q1 2013 was CNY 251,190,688.74, a decrease of 33.3% compared to CNY 376,676,923.41 in the same period last year[41] - Total operating costs increased to CNY 320,746,077.18, up 1.3% from CNY 317,716,614.01 year-over-year[41] - Total revenue from sales of goods and services received was 231,988,163.68 CNY, a decrease of approximately 33% from 346,016,302.88 CNY in the prior year[48] Financial Challenges and Outlook - The company reported a net loss of 7,000 to 12,000 million yuan expected for the first half of 2013, indicating ongoing financial challenges[23] - Unallocated profits decreased to 99.018 million yuan, a drop of 40.86%, primarily due to operating losses during the reporting period[20] - The company faced increased financial costs due to the issuance of corporate bonds, impacting overall operational costs[24] - The company is undergoing a transformation that requires time for adjustment, which has led to potential sales declines in some stores[24] Investment and Financing Activities - Financial expenses increased by 44.6% to ¥11,191,800 due to increased interest expenses from bond issuance[16] - The company incurred total cash outflows from investing activities of 157,130,021.70 CNY, compared to 70,225,747.99 CNY in the same period last year, indicating increased investment expenditures[49] - The company received 80,000,000.00 CNY in borrowings during the quarter, down from 140,300,000.00 CNY in the previous year[51] - Short-term borrowings increased to 167.740 million yuan, an increase of 91.18%, mainly due to new bank loans of 80 million yuan from a subsidiary[19]