SHREG(SZ:000803)2015-04-28 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥24,514,239.11, representing a 5.78% increase compared to ¥23,175,011.33 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥1,503,752.12, an improvement of 61.98% from a loss of ¥3,955,268.92 in the previous year[8] - The basic and diluted earnings per share were both -¥0.01, a decrease of 66.67% from -¥0.03 in the same period last year[8] - Operating profit was reported at CNY -422,390.96, an improvement from CNY -3,113,750.82 in the same period last year[36] - Net profit for the quarter was CNY -1,504,466.43, compared to CNY -3,953,900.89 in the previous year[36] - The total comprehensive income for the period was -CNY 1,504,466.43, compared to -CNY 3,953,900.89 in the previous period, showing a significant reduction in losses[41] Cash Flow - The net cash flow from operating activities was -¥543,756.19, a significant decrease of 99.06% compared to -¥57,736,180.56 in the same period last year[8] - Cash and cash equivalents decreased by 72.37% to ¥6,786,594.86 from ¥24,563,054.94, primarily due to the inclusion of ¥15 million in bank bill guarantees at the beginning of the year[16] - Cash paid for purchasing goods and services decreased by 73.64% to ¥16,171,142.51 from ¥61,351,979.78, primarily due to significant engineering payments made by Jinyu Real Estate last year[16] - Cash received from the disposal of fixed assets was not recorded this period, as last year included income from the disposal of fixed assets[16] - Total cash inflow from operating activities was 2,055,041.51 yuan, while cash outflow was 2,371,699.83 yuan, resulting in a cash outflow of 316,658.32 yuan[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥441,313,773.88, down 3.51% from ¥457,348,369.14 at the end of the previous year[8] - Total liabilities decreased to CNY 291,582,371.17 from CNY 306,112,500.00[30] - The company's retained earnings showed a deficit of CNY -22,393,092.94, worsening from CNY -20,889,340.82[30] - The net assets attributable to shareholders decreased by 1.00% to ¥149,537,328.38 from ¥151,041,080.50 at the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,976[12] - The largest shareholder, Chengdu Jinyu Holding Group Co., Ltd., held 23.51% of the shares, with 30,026,000 shares frozen[12] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[13] Expenses - Sales expenses decreased by 55.32% to ¥835,427.12 from ¥1,869,787.18, primarily due to higher sales costs for the Shengshi Tiancheng project last year[16] - Financial expenses decreased by 41.94% to ¥2,546,239.03 from ¥4,385,863.82, mainly due to high loan guarantee costs in the same period last year[16] - The company incurred selling expenses of CNY 673,899.23, a decrease from CNY 917,165.55 in the previous period, reflecting cost control measures[40] Legal Matters - The company is facing potential liabilities from ongoing lawsuits related to the "Xiangxie Spring" project, with estimated compensation payments of approximately ¥3,000,000.00 for 503 affected homeowners[17] Other Financial Metrics - The weighted average return on net assets improved to -1.00%, up 1.72% from -2.72% in the previous year[8] - Long-term prepaid expenses increased by 117.85% to ¥1,060,000.00 from ¥486,569.26, mainly due to renovation costs for part of the commercial properties[16] - Cash flow from investment activities was -99,808.86 yuan, compared to -2,548,488.00 yuan in the previous period, indicating a reduction in investment losses[48] - The company received CNY 6,800,000.00 from financing activities, a decrease from CNY 55,000,000.00 in the previous period, indicating reduced financing activity[45]