Financial Performance - Operating revenue decreased by 14.16% to CNY 1,061,071,570.81 year-on-year[11] - Net profit attributable to shareholders decreased by 13.73% to CNY 46,829,248.78 compared to the same period last year[11] - Basic earnings per share decreased by 22.22% to CNY 0.007 per share[11] - Total operating revenue for Q1 2014 was CNY 1,061,071,570.81, a decrease of 14.2% compared to CNY 1,236,050,713.81 in the same period last year[31] - Net profit for Q1 2014 was CNY 48,059,240.05, a decline of 22.3% from CNY 61,813,409.99 in Q1 2013[32] - Basic and diluted earnings per share for Q1 2014 were both CNY 0.007, down from CNY 0.009 in the previous year[32] Cash Flow - Net cash flow from operating activities was negative at CNY -1,805,213,218.55, compared to CNY -837,680,246.33 in the previous year[11] - The company's cash flow from operating activities showed a significant negative net amount of CNY -1.81 billion, worsening from CNY -837.68 million in the same period last year[23] - The net cash flow from financing activities dropped by 74.97% to CNY 116.69 million, mainly due to increased loan repayments[23] - Cash and cash equivalents decreased to CNY 8.09 billion from CNY 10.05 billion at the beginning of the year, a decline of 19.43%[24] - Cash and cash equivalents at the end of the period totaled ¥5,234,480,222.72, down from ¥7,340,191,501.41 at the beginning of the period[38] - The net cash flow from investment activities was -875,687,549.70, an improvement from -1,160,406,499.29 in the previous year[42] Assets and Liabilities - Total assets increased by 2.36% to CNY 59,964,458,016.97 compared to the end of the previous year[11] - The total assets of Xinhu Zhongbao Co., Ltd. increased to CNY 59.96 billion as of March 31, 2014, up from CNY 58.58 billion at the beginning of the year, reflecting a growth of 2.36%[24] - The company’s total liabilities reached CNY 29.69 billion, an increase from CNY 27.03 billion, indicating a rise of 9.86% in financial obligations[24] - Total liabilities increased to CNY 13,700,038,364.52 from CNY 12,694,064,306.04, representing a rise of 7.9%[29] - The equity attributable to shareholders of the parent company was CNY 9,003,173,888.83, up from CNY 8,892,682,759.71, indicating a growth of 1.25%[29] Shareholder Information - The total number of shareholders reached 99,514 at the end of the reporting period[13] - Zhejiang Xinh Lake Group Co., Ltd. holds 59.66% of the shares, with 3,734,227,591 shares pledged[15] - The company has a total of 10 major shareholders, with the top three holding a combined 71.55% of the shares[15] Investment and Expenses - Investment income surged by 147.17% to CNY 130.92 million compared to CNY 52.97 million in the previous year, indicating improved returns from joint ventures and associates[23] - The company's financial expenses rose by 43.09% to CNY 90.39 million, attributed to increased borrowings during the period[23] - The company reported a significant increase in financial expenses, which rose to ¥105,835,370.20 from ¥62,523,622.07, marking a 69.2% increase[34] Inventory and Accounts Payable - Accounts payable decreased by 40.73% to CNY 944.13 million, primarily due to a reduction in payable engineering costs[23] - The inventory balance increased to CNY 35.24 billion, up from CNY 32.38 billion, reflecting a growth of 8.66%[24]