SHINVA(SH:600587)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,179,516,681.21, representing a 31.44% increase year-on-year [11]. - Net profit attributable to shareholders increased by 61.19% to CNY 86,703,761.62 compared to the same period last year [11]. - Basic earnings per share rose by 41.94% to CNY 0.44 from CNY 0.31 in the same period last year [11]. - The net profit after deducting non-recurring gains and losses was CNY 64,867,132.48, a 22.23% increase year-on-year [11]. - The net profit for Q1 2014 was CNY 96,066,261.63, representing a 61.5% increase from CNY 59,523,064.69 in Q1 2013 [29]. - The earnings per share (EPS) for Q1 2014 was CNY 0.44, compared to CNY 0.31 in the same period last year, reflecting a 41.9% increase [29]. - The total comprehensive income for Q1 2014 was CNY 82,506,426.73, a significant increase from CNY 31,658,121.09 in the previous period [33]. Assets and Liabilities - Total assets increased by 13.32% to CNY 6,108,800,054.96 compared to the end of the previous year [11]. - The total assets as of March 31, 2014, were CNY 4,154,535,944.02, an increase from CNY 3,991,296,602.76 at the beginning of the year [26]. - The total liabilities as of March 31, 2014, were CNY 1,726,452,639.04, compared to CNY 1,645,719,724.51 at the beginning of the year, indicating a rise of 4.9% [26]. - The total equity attributable to shareholders of the parent company was CNY 2,428,083,304.98, up from CNY 2,345,576,878.25 at the beginning of the year, marking an increase of 3.5% [26]. Cash Flow - The net cash flow from operating activities was negative at CNY -29,662,596.66, compared to CNY -11,811,582.65 in the previous year [11]. - The cash flow from operating activities showed a net outflow of CNY 29,662,596.66, worsening from a net outflow of CNY 11,811,582.65 in the previous period [34]. - The company reported a total cash inflow from financing activities of CNY 403,809,006.24, compared to CNY 151,900,000.00 in the previous period, indicating a substantial increase in financing [35]. - The investment activities resulted in a net cash outflow of CNY 213,008,722.75, compared to a net outflow of CNY 99,955,401.84 in the previous period, indicating increased investment expenditures [35]. Operating Costs - Operating costs increased by 30.31% to CNY 899,553,101.62 from CNY 690,297,437.94, primarily due to the corresponding increase in costs associated with expanded sales [17]. - The total operating costs for Q1 2014 amounted to CNY 1,089,204,095.48, up 31.8% from CNY 826,672,284.42 in Q1 2013 [28]. - The company incurred a total operating cost of CNY 326,420,279.21, which is an increase of 17.6% from CNY 277,563,401.08 in the previous period [33]. Shareholder Information - The total number of shareholders as of the report date was 5,772 [14]. - The largest shareholder, Zibo Mining Group Co., Ltd., holds 29.42% of the shares, totaling 58,473,821 shares [14]. Government Subsidies - The company received government subsidies amounting to CNY 533,000 during the reporting period [12]. - Cash received from government subsidies increased by 59.17% to CNY 16,636,657.62, compared to CNY 10,452,415.41 in the previous period [19].