NANTIAN(SZ:000948)2016-04-22 16:00Financial Performance - The company's operating revenue for Q1 2016 was ¥285,954,055.33, a decrease of 7.04% compared to ¥307,625,638.85 in the same period last year[8]. - The net profit attributable to shareholders was -¥49,731,353.00, an improvement from -¥63,093,732.20 year-over-year[8]. - The net cash flow from operating activities was -¥374,567,427.30, worsening from -¥309,598,837.43 in the previous year[8]. - Total assets at the end of the reporting period were ¥2,371,451,486.23, down 9.06% from ¥2,607,623,976.77 at the end of the previous year[8]. - The company's net assets attributable to shareholders decreased by 3.48% to ¥1,378,323,804.56 from ¥1,428,055,157.56[8]. Cash and Working Capital - Cash and cash equivalents decreased by ¥452,399,500, a decline of 48.87%, primarily due to seasonal industry cycles[16]. - Prepayments increased by ¥28,947,900, up 45.96%, and inventory rose by ¥105,155,300, up 26.30%, due to production preparations at the beginning of the year[16]. - Short-term borrowings decreased by ¥86,013,600, down 26.84%, mainly due to repayment of due borrowings[16]. - Accounts payable decreased by 88.67 million yuan, down 24.50%, mainly due to payments for last year's purchases[17]. - Employee compensation payable decreased by 20.78 million yuan, down 66.31%, primarily due to the payment of year-end performance bonuses from the previous year[17]. - Taxes payable decreased by 54.55 million yuan, down 86.97%, mainly due to the payment of accrued taxes from the previous year[17]. Income and Expenses - Financial expenses decreased by 2.58 million yuan, down 61.09%, primarily due to interest accrued from non-public directed issuance of debt financing tools in the previous year[18]. - Investment income decreased by 3.02 million yuan, a decrease of 124.97%, mainly due to cash dividends received from the joint venture in the previous year[18]. - Cash received from sales of goods and services decreased by 68.05 million yuan, down 23.74%, mainly due to better collection at the end of 2015[18]. - The company received government subsidies, leading to an increase in non-operating income by 1.64 million yuan, up 198.89%[17]. - Tax refunds received decreased by 2.97 million yuan, down 80.18%, due to a reduction in tax refund amounts compared to the previous year[18]. Capital Raising and Stock Issuance - The company plans to raise up to 1.2 billion yuan through a non-public stock issuance to invest in software development and smart city solutions[20]. - The stock suspension for the non-public issuance started on February 23, 2016, and resumed trading on March 15, 2016[19][20]. Corporate Governance and Activities - The company has committed to using no less than RMB 49,470,500 for stock repurchase through its own funds, which has been completed as of July 8, 2015[25]. - The company has not engaged in any significant asset restructuring, stock issuance, or acquisitions in the three months prior to March 25, 2015[26]. - There are no expected significant changes in net profit for the period from January to June 2016 compared to the same period last year[27]. - The company did not engage in any securities investments during the reporting period[28]. - There were no derivative investments made by the company during the reporting period[29]. - The company did not conduct any research, communication, or interview activities during the reporting period[30]. - There were no violations regarding external guarantees during the reporting period[31]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[31].