DFAC(SH:600006)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 4,336,693,251.65, down 3.05% year-on-year[10] - Net profit attributable to shareholders was CNY 35,994,153.02, a significant recovery from a loss of CNY 44,826,161.93 in the same period last year[10] - The weighted average return on equity increased to 0.60% from -0.76% year-on-year[10] - Net profit attributable to the parent company for Q1 2014 was CNY 35.99 million, an increase of 180.30% year-on-year[18] - Net profit for Q1 2014 was CNY 55,554,136.27, compared to a net loss of CNY 26,024,437.04 in the previous year[33] - Basic and diluted earnings per share for Q1 2014 were both ¥0.0157, compared to a loss of ¥0.0205 per share in the previous year[37] - The company reported a total comprehensive income of ¥31,456,897.64 for Q1 2014, a significant recovery from a comprehensive loss of ¥41,027,935.03 in the previous year[37] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 830,698,900.24 compared to a larger outflow of CNY 992,675,604.70 in the previous year[10] - Cash flow from operating activities improved by 16.32%, reaching CNY -830.70 million in Q1 2014[20] - Cash flow from operating activities showed a net outflow of ¥830,698,900.24, an improvement from the outflow of ¥992,675,604.70 in the previous period[39] - Cash flow from investing activities resulted in a net outflow of ¥83,985,723.23, compared to a larger outflow of ¥156,098,010.98 in the same period last year[40] - Cash flow from financing activities had a net outflow of ¥69,009,931.66, worsening from an outflow of ¥9,135,464.41 in the previous year[40] - Total cash inflow from operating activities was ¥4,495,190,562.44, up from ¥3,615,019,340.80 in the previous year[39] - Total cash outflow from operating activities was ¥5,325,889,462.68, compared to ¥4,607,694,945.50 in the same period last year[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,168,739,098.31, a decrease of 0.11% compared to the end of the previous year[10] - Total assets as of March 31, 2014, amounted to CNY 10,054,509,536.77, an increase from CNY 9,842,502,312.27 at the beginning of the year[31] - Total liabilities were CNY 4,960,244,091.94, up from CNY 4,779,693,765.08 at the start of the year[31] - Shareholders' equity totaled CNY 5,094,265,444.83, slightly increasing from CNY 5,062,808,547.19 at the beginning of the year[31] Inventory and Receivables - Inventory increased primarily due to rising stock levels at subsidiaries Zhengzhou Nissan and the marketing company[17] - Inventory increased by 30.19% to CNY 2,274.21 million as of March 31, 2014[19] - Accounts receivable increased by CNY 1.1 billion, driven by various subsidiaries including Zhengzhou Nissan and the special vehicle division[17] - Accounts receivable rose by 76.68% to CNY 1,143.67 million compared to the end of 2013[19] Financial Investments - The company reported an increase in trading financial assets due to new fund and stock investments by subsidiary Shanghai Jiahua[17] - The company reported an investment income of CNY 96,042,049.48, compared to CNY 84,404,231.40 in the previous year[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 172,043[13] - The company plans to continue share repurchases, with a target to acquire up to 2% of total shares within 12 months at a price not exceeding CNY 3.1 per share[21] Operating Costs - Operating costs decreased by 4.69% to CNY 4,378.90 million, with main business costs increasing by 1.80% to CNY 3,568.96 million[18] - Total operating costs decreased to CNY 4,378,895,218.02, down 4.69% from CNY 4,594,281,226.86 year-on-year[33] Financial Expenses - Financial expenses increased by 130.59% to CNY 2.16 million due to interest accrual on medium-term notes[19]