CREAT(SZ:002350)2015-04-27 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥192,744,758.72, a decrease of 0.70% compared to ¥194,112,420.51 in the same period last year[8]. - Net profit attributable to shareholders was ¥1,562,059.41, down 13.49% from ¥1,805,617.68 year-on-year[8]. - The net profit after deducting non-recurring gains and losses surged by 355.92% to ¥395,879.74 from ¥86,831.12 in the previous year[8]. - The gross profit margin for the current period was 22.39%, down 5.70 percentage points from 28.09% in the same period last year, mainly due to a decrease in selling prices of switch products[17]. - Operating profit, total profit, and net profit decreased by CNY 4.59 million, CNY 1.13 million, and CNY 1.37 million, representing declines of 821.12%, 36.93%, and 64.64% respectively, primarily due to a decrease in gross profit[18]. Cash Flow and Assets - The net cash flow from operating activities improved by 33.52%, reaching -¥99,093,968.73 compared to -¥149,067,299.94 in the same period last year[8]. - The ending balance of cash and cash equivalents decreased by CNY 106.98 million, a reduction of 30.13%, primarily due to cash expenditures for operations exceeding cash receipts during the period[16]. - The balance of other receivables increased by CNY 11.08 million, a growth of 48.89%, mainly due to an increase in bid guarantee deposits[16]. - The balance of deferred income decreased by CNY 1.07 million, a reduction of 54.07%, primarily due to a decrease in government subsidies not yet recognized as income[17]. - The net cash flow from investing activities increased by CNY 32.12 million, a growth of 81.77%, mainly due to a decrease in cash payments for investment projects compared to the previous year[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,837[12]. - The largest shareholder, Beijing Creative North Technology Development Co., Ltd., held 42.63% of the shares, amounting to 93,054,709 shares[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. Government and Subsidies - The company received government subsidies totaling ¥1,183,427.00 during the reporting period, which contributed to non-recurring gains[11]. Future Outlook and Plans - The net profit attributable to shareholders for the first half of 2015 is expected to range from 17.90 million to 26.85 million RMB, reflecting a change of -20.00% to 20.00% compared to 22.37 million RMB in the same period of 2014[27]. - The company anticipates that new contracts signed will remain stable compared to the same period last year, although product gross margins are expected to fluctuate[27]. - The company plans to use 16.50 million RMB of raised funds to acquire a 30% stake in Zhengzhou Kaixin Electric Co., Ltd[24]. - The company has completed the deregistration of its wholly-owned subsidiary, Shanghai Keri Environmental Technology Co., Ltd[24]. - The company has established a joint venture, Henan Keri Electric Equipment Operation and Maintenance Co., Ltd, with a capital contribution of 6 million RMB[24]. - The company has committed to not engage in high-risk securities investments during the temporary use of idle raised funds[26]. - The company’s board plans to propose a cash dividend of no less than 20% of the distributable profit for the year, subject to meeting cash dividend conditions[26]. Securities and Investments - The company has not held any securities investments during the reporting period[28]. - The company has not held shares in other listed companies during the reporting period[29]. - The company’s stock was suspended due to plans for a non-public offering of shares[24].