LEEJUN(SZ:002651)2014-04-24 16:00Financial Performance - The company's operating revenue for Q1 2014 was CNY 216,442,177.60, representing a 26.29% increase compared to CNY 171,391,756.30 in the same period last year[8]. - Net profit attributable to shareholders was CNY 84,507,386.32, up 23.17% from CNY 68,610,601.94 year-on-year[8]. - Basic and diluted earnings per share increased by 23.53% to CNY 0.21 from CNY 0.17 in the same period last year[8]. - The company expects net profit attributable to shareholders for the first half of 2014 to range between 154.63 million and 223.35 million RMB, reflecting a change of -10% to 30% compared to the same period last year[26]. Cash Flow - The net cash flow from operating activities surged by 306.14% to CNY 61,499,197.56, compared to CNY 15,142,330.48 in the previous year[8]. - Net cash flow from investing activities increased by 347.41% to 22,976,354.74 RMB, primarily due to higher interest income from time deposits[21]. - The net increase in cash and cash equivalents reached 84,466,651.00 RMB, a growth of 1,342.48% compared to the previous year[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,519,548,192.96, a slight decrease of 0.18% from CNY 2,524,071,854.64 at the end of the previous year[8]. - Net assets attributable to shareholders rose by 4.48% to CNY 1,971,396,791.04 from CNY 1,886,889,404.72 at the end of the previous year[8]. - The company reported a significant increase in other receivables, which rose by 37.94% to CNY 2,082,790.03 due to increased employee loans[15]. - The balance of payable notes decreased by CNY 20,000,000.00, reflecting the maturity of notes payable during the reporting period[15]. - The company experienced a 238.77% increase in payable taxes, amounting to an increase of CNY 23,121,526.95, primarily due to higher VAT and income tax obligations[15]. - The company reported a significant increase in accounts payable, with a 238.77% rise in taxes payable to 32,805,030.63 RMB[19]. Financial Expenses and Income - Financial expenses decreased by 34.72% to -8,856,341.79 RMB compared to the same period last year, primarily due to a reduction in time deposits and corresponding interest income[17]. - Income tax expenses rose by 43.85% to 14,239,445.76 RMB, driven by an increase in taxable income[17]. Investment and Securities - The total initial investment cost in securities amounted to CNY 14,860,440, with a total of 326,000 shares held at the beginning of the period[28]. - The ending book value of the securities portfolio was CNY 3,854,210, reflecting a loss of CNY 457,240 during the reporting period[28]. - The company holds shares in China Shenhua, China Petroleum, and China Pacific Insurance, which were acquired through new share subscriptions in 2008[28]. - The specific loss from China Shenhua was CNY 332,330, with an ending book value of CNY 2,309,610 for 167,000 shares[27]. - The loss from China Pacific Insurance was CNY 111,930, with an ending book value of CNY 647,800 for 41,000 shares[27]. - The loss from China Petroleum was CNY 12,980, with an ending book value of CNY 896,800 for 118,000 shares[28]. - The company did not hold or trade any other listed company shares during the reporting period[29]. - The management plans to sell the securities at an appropriate time to improve the efficiency of monetary fund usage[28]. - The securities are classified as trading financial assets in the accounting records[27]. - The board of directors approved the investment strategy to enhance the company's financial performance[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,128, with the top ten shareholders holding a combined 71.22% of the shares[11]. - The company has committed to avoiding any competition with its shareholders and has adhered to its commitments during the reporting period[25]. Asset Impairment - Asset impairment losses increased by 148.98% to 431,322.96 RMB, mainly due to an increase in bad debt provisions[20]. - Fair value changes in profit and loss improved by 43.56% to -457,240.00 RMB, attributed to an increase in the stock prices held by the company[20].