SKGF(SZ:002633)2015-04-20 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥43,787,517.67, a decrease of 30.64% compared to ¥63,127,333.63 in the same period last year[8]. - The net profit attributable to shareholders was -¥6,381,194.65, representing a decline of 72.36% from -¥3,702,307.60 year-on-year[8]. - The net cash flow from operating activities was -¥946,145.46, a significant drop of 119.31% compared to ¥4,899,322.01 in the previous year[8]. - The basic and diluted earnings per share were both -¥0.04, indicating a 100% decrease from -¥0.02 in the same period last year[8]. - Operating revenue decreased by 30.64% to 4,378.75 million, attributed to a reduction in recognized operating income[16]. - The decline in performance is attributed to a challenging sales environment and increased financial expenses, leading to a higher loss compared to the previous year[21]. - The company expects a net loss of between CNY -16.50 million and CNY -13.50 million for the first half of 2015, compared to a net profit of CNY -5.86 million in the same period of 2014[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥935,239,120.31, a slight decrease of 0.32% from ¥938,215,972.80 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 1.24% to ¥508,001,675.48 from ¥514,382,870.13 at the end of the previous year[8]. - Prepayments increased significantly by 928.94% to 400.05 million due to an increase in advance payments for goods[16]. - Other receivables rose by 460.41% to 2,020.56 million primarily due to employee compensation payments[16]. Cash Flow - Cash flow from operating activities turned negative at -94.61 million, a decline of 119.31% due to increased employee compensation payments[16]. - Cash flow from investing activities improved by 90.04% to -222.46 million, compared to -2,234.29 million in the previous year[16]. - Cash flow from financing activities increased by 51.92% to 2,464.16 million, primarily due to increased bank borrowings[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,301[11]. - The largest shareholder, He Quanbo, holds 37.50% of the shares, with 17,000,000 shares pledged[11]. - There were no repurchase agreements conducted by the top 10 shareholders during the reporting period[12]. Asset Restructuring - The company is planning a major asset restructuring, with board approval obtained for the restructuring proposal[17]. - The company received a notice of acceptance from the China Securities Regulatory Commission regarding the restructuring[17]. - The company is in the process of adjusting its major asset restructuring plan as per the feedback from the regulatory body[17]. - The company’s stock was suspended from trading on December 18, 2014, due to a major asset restructuring, which was conditionally approved by the China Securities Regulatory Commission on December 24, 2014[18]. - The company has been actively involved in asset restructuring, with multiple announcements regarding performance compensation agreements made in late 2014[18]. Financial Strategy - The company has committed to not engage in high-risk investments or securities trading for a period of 24 months, ensuring the stability of its financial position[20]. - The actual controller of the company has made commitments to not transfer or delegate management of their shares for 36 months from the date of the company's stock listing[20]. - The company has not engaged in any securities investments during the reporting period, indicating a conservative financial strategy[22]. - The company did not hold any equity in other listed companies during the reporting period, focusing on its core operations[23]. Transparency and Reporting - The company has been transparent in its reporting, with all significant events disclosed through official channels[18]. - The company’s financial performance is under scrutiny due to ongoing market challenges, which may impact future growth prospects[21].