AVICOPTER(SH:600038)2015-04-29 16:00Financial Performance - Operating revenue increased by 1.82% to CNY 2,542,774,383.37 year-on-year[6] - Net profit attributable to shareholders rose by 5.38% to CNY 61,856,994.09 compared to the same period last year[6] - Basic and diluted earnings per share increased by 5.32% to CNY 0.1049[6] - Total operating revenue for Q1 2015 was CNY 2,542,774,383.37, an increase of 1.1% compared to CNY 2,497,440,075.25 in the same period last year[25] - Net profit for Q1 2015 reached CNY 61,530,907.54, compared to CNY 58,430,694.82 in Q1 2014, reflecting a growth of 3.6%[27] - Earnings per share for Q1 2015 were CNY 0.1049, an increase from CNY 0.0996 in the same quarter last year[27] - The company reported an operating profit of CNY 76,865,944.34 for Q1 2015, compared to CNY 65,175,985.56 in the previous year[26] - The company experienced a financial expense of CNY 18,647,213.43 in Q1 2015, compared to a financial income of CNY -642,688.96 in the same period last year[26] - The company recorded an investment loss of CNY -673,311.64 in Q1 2015, an improvement from CNY -1,445,439.45 in the previous year[26] - The total comprehensive income for Q1 2015 was -209,885.37, a significant decrease from 20,565,560.84 in the previous period[29] Cash Flow and Assets - Net cash flow from operating activities decreased by 88.56% to -CNY 1,291,301,102.88[6] - Cash received from operating activities decreased by 31.99% compared to the previous period, mainly due to fewer guarantee deposits received[13] - Cash inflow from operating activities totaled 1,356,082,169.77, down from 1,633,469,526.36 in the previous year[31] - Cash outflow from operating activities increased to 2,647,383,272.65 from 2,318,277,889.12, reflecting higher operational costs[32] - Net cash flow from investing activities was -49,441,548.60, an improvement from -285,510,690.95 in the previous year[32] - Cash inflow from financing activities was 531,763,620.22, down from 614,277,649.56 in the previous year[32] - The ending balance of cash and cash equivalents was 1,584,646,454.24, a decrease from 2,096,080,697.09 in the previous year[32] - The company reported a net increase in cash and cash equivalents of -866,524,862.64, compared to -861,543,488.65 in the previous year[32] Assets and Liabilities - Total assets decreased by 8.77% to CNY 18,597,502,734.62 compared to the end of the previous year[6] - Total assets decreased from CNY 20.39 billion at the beginning of the year to CNY 18.60 billion at the end of the period[19] - Total liabilities at the end of Q1 2015 were CNY 67,763,434.64, with no change reported in non-current liabilities[24] - Shareholders' equity totaled CNY 5,952,083,575.27 at the end of Q1 2015, slightly down from CNY 5,952,293,460.64 at the start of the year[24] - Cash and cash equivalents decreased by 37.35% from the beginning of the year, primarily due to increased payments for goods and taxes[11] - Notes receivable increased by 55.47% compared to the beginning of the year, mainly due to an increase in bank acceptance bills received during the period[11] - Other receivables rose by 45.86% year-on-year, primarily due to an increase in advance payments made during the period[11] - Other current assets increased by 81.04% from the beginning of the year, mainly due to an increase in deductible VAT input tax[11] - Accounts payable decreased by 39.50% compared to the beginning of the year, primarily due to increased payments for maturing notes[11] - Prepayments decreased by 46.09% from the beginning of the year, mainly due to revenue recognition based on contract progress[11] Shareholder Information - The total number of shareholders reached 33,470 at the end of the reporting period[9] - The largest shareholder, Harbin Aircraft Industry Group, holds 28.65% of the shares[9] Government and Non-Operating Income - Government subsidies recognized in the current period amounted to CNY 275,000[8] - Non-operating income and expenses totaled CNY 207,469.96 after tax effects[8] Financial Expenses - Financial expenses increased significantly due to exchange losses resulting from the depreciation of the Euro[12]