2014-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 3,193,757,512.09, a 21.29% increase year-on-year[8] - Net profit attributable to shareholders was CNY 51,931,458.49, representing a 110.73% increase from a loss of CNY 484,184,254.66 in the same period last year[8] - Operating profit improved significantly to ¥67,780,978.43 from a loss of ¥484,391,865.37 in the previous period, marking a turnaround in performance[23] - Net profit for the current period was ¥65,395,313.55, compared to a net loss of ¥484,900,200.15 in the previous period, indicating a substantial recovery[23] - Basic earnings per share increased to ¥0.0153 from a loss of ¥0.1422 in the previous period, reflecting improved profitability[23] - Total comprehensive income for the current period was ¥116,836,198.09, a significant recovery from a loss of ¥506,787,979.70 in the previous period[23] Cash Flow - Net cash flow from operating activities improved significantly to CNY 508,020,419.38, compared to a negative cash flow of CNY -187,476,573.56 in the previous year[8] - Cash flow from operating activities generated a net inflow of ¥508,020,419.38, compared to a net outflow of ¥187,476,573.56 in the previous period, indicating improved cash generation[27] - Cash flow from financing activities increased by 310.77% to CNY 917,713,375.34, primarily due to increased borrowings[12] - Cash flow from financing activities showed a net inflow of ¥917,713,375.34, contrasting with a net outflow of ¥435,403,513.40 in the previous period, highlighting better financing conditions[29] - Cash inflow from financing activities was 50,000,000.00 RMB, with cash outflow totaling 157,280,166.67 RMB, leading to a net cash flow of -107,280,166.67 RMB[32] Assets and Liabilities - Total assets increased by 3.57% to CNY 60,944,239,751.85 compared to the end of the previous year[8] - Total liabilities grew to CNY 38,617,344,782.96 from CNY 36,630,602,188.88, marking an increase of about 5.43%[16] - Current assets rose to CNY 5,347,646,518.60 from CNY 5,043,949,421.27, an increase of about 6.03%[15] - Non-current assets increased to CNY 55,596,593,233.25 from CNY 53,798,529,566.88, reflecting a growth of approximately 3.34%[15] - Current liabilities totaled CNY 11,337,042,078.91, up from CNY 11,110,253,589.09, indicating a rise of approximately 2.04%[16] - Long-term borrowings increased to CNY 17,302,465,379.90 from CNY 15,412,551,535.53, a growth of about 12.26%[16] Shareholder Information - The number of shareholders at the end of the reporting period was 94,910, with 94,479 being A-share holders[10] - The largest shareholder, China Ocean Shipping (Group) Company, holds 46.36% of the shares, totaling 1,578,500,000 shares[10] Investment Performance - Investment income surged by 307.18% to CNY 56,232,046.73, attributed to increased profits from joint ventures[12] - The company reported an increase in investment income to ¥251,139,167.30 from ¥61,523,168.30 in the previous period, indicating better performance in investment activities[25] Accounts Receivable and Inventory - Significant increase in accounts receivable by 95.26% to CNY 296,120,821.79 due to a rise in the company's bulk cargo business[12] - Accounts receivable increased to CNY 1,714,167,902.65 from CNY 1,598,630,832.46, representing a growth of approximately 7.25%[15] - Inventory rose to CNY 959,178,171.92 from CNY 888,287,303.66, an increase of about 7.99%[15]