Leascend(SZ:300051)2015-04-23 16:00Financial Performance - Total revenue for Q1 2015 was ¥50,349,495.70, a decrease of 16.17% compared to ¥60,065,005.29 in the same period last year[7]. - Net profit attributable to shareholders was -¥3,537,063.82, representing a decline of 751.41% from a profit of ¥542,987.06 in the previous year[7]. - Basic earnings per share were -¥0.011, down 650.00% from ¥0.002 in the previous year[7]. - The total profit for the same period was -¥4,793,342.36, with a net profit attributable to the parent company of -¥3,537,063.82, reflecting a significant decline of 1622.27% and 751.41% respectively compared to the previous year[35]. - The net profit for Q1 2015 was a loss of CNY 4,652,210.81, compared to a loss of CNY 1,173,006.57 in Q1 2014, indicating a significant decline in profitability[68]. - The company's operating profit for Q1 2015 was a loss of CNY 5,794,181.26, worsening from a loss of CNY 1,971,962.79 in the previous year[68]. - Total comprehensive income for the first quarter was -1,005,894.09 CNY, compared to 4,485,956.63 CNY in the previous period[73]. Cash Flow - Net cash flow from operating activities was -¥13,036,910.25, a decrease of 323.45% compared to ¥5,834,335.88 in the same period last year[7]. - Cash inflow from operating activities totaled 56,177,113.43 CNY, down from 81,979,913.07 CNY year-over-year[75]. - Cash outflow from operating activities was 69,214,023.68 CNY, compared to 76,145,577.19 CNY in the previous period[76]. - Net cash flow from investment activities decreased by 304.60% to -RMB 24,198,984.38 compared to the same period last year[34]. - Cash flow from investment activities showed a net outflow of -24,198,984.38 CNY, compared to a net inflow of 11,827,271.37 CNY in the previous period[76]. - Net cash flow from financing activities increased by 123.05% to RMB 44,052,400.01 compared to the same period last year[34]. Assets and Liabilities - Total assets increased by 4.12% to ¥802,893,612.41 from ¥771,114,206.19 at the end of the previous year[7]. - The company's total liabilities increased by 16.29% to RMB 260,018,660.30 compared to the beginning of the year[29]. - The company's cash and cash equivalents decreased by 15.67%, from 326,770,429.22 RMB to 275,579,215.76 RMB[26]. - Accounts receivable increased by 1.29%, from 64,803,565.28 RMB to 65,641,353.27 RMB[26]. - The company's total equity decreased from ¥547,527,162.92 to ¥542,874,952.11, a slight decline of about 0.5%[62]. Market and Competition - The company is facing significant market competition risks as the software operation service industry in China is rapidly growing, requiring enhanced product differentiation and marketing strategies[10]. - The company plans to enhance its cloud services and smart terminal products, focusing on mobile office solutions, in response to the growing trend in cloud computing and mobile internet[36]. - The company aims to leverage its experience in cloud computing to expand into the vehicle networking platform, enhancing the user experience for car owners[39]. Investments and Acquisitions - Investment and acquisition strategies are being implemented cautiously to ensure alignment with core business and to enhance profitability and market scale[16]. - The acquisition of Beijing Yizhong Postal Technology Co., Ltd. for CNY 2,590 million has been fully completed[47]. - The acquisition of Beijing Zhongya Internet Technology Development Co., Ltd. for CNY 6,285.1 million has also been fully completed[47]. - The company has invested CNY 3,264 million in acquiring 100% equity of Shenzhen Daoxi Technology Co., Ltd.[47]. Shareholder Information - The total number of shareholders at the end of the reporting period is 47,742[19]. - The largest shareholder, Gong Shaohui, holds 42.87% of the shares, totaling 137,604,800 shares, with 109,128,600 shares pledged[19]. Regulatory and Compliance - The company has received feedback from the China Securities Regulatory Commission regarding its asset restructuring plan, indicating ongoing regulatory processes[17]. - The company has committed to continuous information disclosure regarding the restructuring process and any subsequent developments[17]. - The company has established internal controls to manage financial resources effectively[44].