Important Notice
1.1 The Board of Directors and its members guarantee that the information contained in this report does not have any false records, misleading statements, or major omissions, and they bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.
1.2 No director has declared that they cannot guarantee the authenticity, accuracy, and completeness of the annual report or has any objections.
1.3 The financial report for Q1 2004 has not been audited.
1.4 The responsible persons, Chairman Lü Bangbai, financial officer, and accounting supervisor Du Jian, declare: they guarantee the authenticity and completeness of the financial report in this quarterly report.
Company Overview
2.1 Basic Information
- Stock Abbreviation: *ST Bit
- Stock Code: 000621
- Listed Exchange: Shenzhen Stock Exchange
- Secretary of the Board: Liu Jidong
- Securities Affairs Representative: Mao Cibo
- Contact Address: Room 19A, Hongshen Building, No. 16, Lane 710, Dingxi Road, Shanghai
- Postal Code: 200052
- Phone: (021) 62808862 – 112, (021) 62808862-105
- Fax: (021) 62812886
- Email: liujd777@yahoo.com.cn, maocibo2003@yahoo.com.cn
2.2 Financial Information
2.2.1 Key Accounting Data and Financial Indicators (Unit: RMB)
| Item | As of March 31, 2004 | As of December 31, 2003 | Change (%) |
|---|---|---|---|
| Total Assets | 62,925,864.25 | 63,897,077.57 | -1.52% |
| Shareholders' Equity (Excluding Minority Interests) | -217,362,881.05 | -213,880,806.57 | -1.63% |
| Net Asset per Share (RMB) | -1.45 | -1.43 | -1.63% |
| Adjusted Net Asset per Share (RMB) | -1.45 | -1.43 | -1.63% |
For the reporting period from the beginning of the year to the end of this reporting period, the changes compared to the same period last year (%) are as follows:
| Item | Amount | Change (%) |
|---|---|---|
| Net Cash Flow from Operating Activities | 223,693.24 | 104.19% |
| Earnings per Share (RMB) | -0.023 | -61.23% |
| Return on Equity (%) | -1.60 | -65.77% |
| Net Profit Excluding Non-Recurring Gains and Losses | -3,482,074.48 | -54.28% |
2.2.2 Profit and Loss Statement (Attached)
2.3 Total Number of Shareholders at the End of the Reporting Period: 18,216.
Management Discussion and Analysis
3.1 Brief Analysis of the Company's Operating Activities During the Reporting Period
The industries in which the company operates include power information, automation, and media. There were no changes in business activities during the reporting period. The company is currently undergoing a large-scale debt restructuring and actively promoting asset reorganization to thoroughly resolve historical issues of substantial receivables and debts, ultimately aiming for a fundamental improvement in the company's production and operational activities.