BAOSE(SZ:300402)2015-04-23 16:00Financial Performance - Total revenue for the first quarter was ¥59,166,666, representing a 7.76% increase compared to ¥54,908,253 in the same period last year[8]. - Net profit attributable to shareholders was -¥19,692,631, a decrease of 14.58% from -¥17,187,123 in the previous year[8]. - Basic earnings per share were -¥0.0975, an improvement of 14.35% compared to -¥0.1138 in the previous year[8]. - The company faced a net operating loss of 22.19 million yuan, a decrease of 19.88% year-on-year, mainly due to seasonal industry factors and increased expenses after going public[25]. - Operating profit for the current period was -¥14,463,607.56, compared to -¥11,999,831.59 in the previous period, indicating a decline in profitability[63]. - Net profit for the current period was -¥12,120,698.92, worsening from -¥10,801,042.02 in the previous period, reflecting a negative trend in earnings[64]. Cash Flow and Assets - Net cash flow from operating activities improved significantly to -¥4,047,315, a 68.89% increase from -¥11,446,237 in the same period last year[8]. - The company's cash and cash equivalents decreased to ¥254.37 million from ¥310.78 million, representing a decline of approximately 18%[51]. - Total cash inflow from financing activities was ¥112,810,058.91, compared to ¥90,442,164.51 in the previous period, showing an increase in financing[68]. - The net cash flow from investing activities was -53,423,414.26, compared to -931,464.92 in the previous year, showing a significant decline of approximately 5,743.5%[71]. - The total amount of raised funds is CNY 199.68 million, with CNY 51.52 million utilized in the current quarter[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,531,943,609.81, a 1.38% increase from ¥1,511,035,253.94 at the end of the previous year[8]. - The total current liabilities increased to ¥820.76 million from ¥778.86 million, an increase of approximately 5.4%[52]. - The company's non-current assets increased to ¥482.09 million from ¥434.43 million, an increase of about 11%[52]. - Accounts receivable decreased to ¥245.49 million from ¥259.30 million, a reduction of about 5%[51]. - Inventory increased significantly to ¥401.20 million from ¥328.62 million, marking an increase of approximately 22%[51]. Risk Management - The net accounts receivable amounted to ¥245,487,200, indicating a risk of bad debts due to the large scale of receivables[11]. - The company faces risks from rising labor costs due to a shortage of skilled workers, which could impact profitability[12]. - The company has established a robust accounts receivable management system to mitigate bad debt risks[11]. - The company's asset impairment losses decreased by 344.01% year-on-year, attributed to better recovery of receivables[22]. Compliance and Commitments - The company has promised to comply with all relevant laws and regulations, including the Company Law and Securities Law[34]. - The company guarantees that the content of the prospectus for the initial public offering (IPO) is true, accurate, complete, and timely, with no false records or misleading statements[39]. - The company will publicly apologize to shareholders and the public if it fails to fulfill its commitments regarding repurchase and compensation measures[40]. - The company has committed to full compensation for any civil liabilities arising from disputes related to fundraising and shareholding issues[42]. - The company has not engaged in any related party transactions that would affect its financial integrity[41]. Shareholder Relations - The company has committed to not reducing its holdings in Baose shares for a period of 24 months after the lock-up period expires[33]. - The group has committed to avoiding any competition with Baose shares and its controlled companies[35]. - The company will ensure the independence of Baose shares in terms of assets, personnel, finance, and operations[34]. - The group has committed to maintaining compliance with relevant regulations and ensuring equal treatment of all shareholders[36].