SKGF(SZ:002633)2016-04-14 16:00Financial Performance - Revenue for Q1 2016 was ¥32,899,089.09, a decrease of 24.87% compared to ¥43,787,517.67 in the same period last year[8]. - Net profit attributable to shareholders was -¥4,875,279.47, an improvement of 23.60% from -¥6,381,194.65 year-over-year[8]. - The net profit excluding non-recurring items was -¥5,067,558.84, showing a 23.15% improvement from -¥6,593,942.44 year-over-year[8]. - The company expects a net loss of between -13 million to -10 million CNY for the first half of 2016, an improvement compared to a net loss of -16.44 million CNY in the same period of 2015[27]. - The increase in net profit is attributed to the leasing of idle factories and equipment, generating additional revenue[27]. Cash Flow and Assets - Net cash flow from operating activities increased significantly to ¥43,619,791.35, a rise of 4,710.26% compared to -¥946,145.46 in the previous year[8]. - Cash and cash equivalents increased by 339.57% to RMB 27,010.03 million due to the receipt of discounted notes and bank loans[15]. - Accounts receivable notes decreased by 78.30% to RMB 2,959.43 million primarily due to the discounting of notes[15]. - Short-term borrowings rose by 158.82% to RMB 17,600.00 million as a result of increased bank loans[15]. - Operating cash flow net amount improved by 4710.49% to RMB 4,361.98 million due to the return of employee compensation and receipt of funds from related parties[15]. - Investment cash flow net amount increased by 2788.17% to RMB 5,980.11 million from the receipt of transfer payments[15]. - Financing cash flow net amount grew by 327.27% to RMB 10,528.62 million due to increased bank borrowings[15]. - Total assets at the end of the reporting period were ¥803,615,002.09, reflecting a growth of 12.22% from ¥716,085,128.43 at the end of the previous year[8]. - The company's net assets attributable to shareholders decreased by 0.90% to ¥534,476,389.10 from ¥539,351,668.57 at the end of the previous year[8]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,837[11]. - The largest shareholder, He Quanbo, holds 28.12% of the shares, totaling 42,187,466 shares[11]. - The actual controllers transferred 20,643,750 shares, representing 13.76% of the total share capital, to Beijing Huachuang Yisheng Asset Management Center[20]. - The company’s controlling shareholders have committed not to reduce their holdings through the secondary market for a period of six months from July 11, 2015[26]. Government and Regulatory Matters - The company received government subsidies amounting to ¥200,476.37 during the reporting period[9]. - The company successfully removed the delisting risk warning, changing its stock name from "*ST Shinko" to "Shinko Co., Ltd."[22]. - The company has lifted the risk warning for its stock trading[24]. - The company has no violations regarding external guarantees during the reporting period[29]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30]. Corporate Actions and Plans - The company is planning a major asset restructuring, including the acquisition of 100% equity in Shenzhen Guotai'an Education Technology Co., Ltd.[16]. - The restructuring plan has been adjusted to include Beijing Dagang Information Technology Co., Ltd. and Zibo Lan Network Technology (Beijing) Co., Ltd.[17]. - The company has announced the termination of the acquisition of Beijing Dagan Information Technology Co., Ltd.[24]. - The company is in the process of a major asset restructuring and has announced a delay in resuming trading[24]. - The company has not conducted any research, communication, or interview activities during the reporting period[31]. - The company is currently fulfilling its commitment to use idle raised funds temporarily to supplement working capital without changing the purpose of the raised funds[26].