SRBC(SH:600039)2014-04-29 16:00Financial Performance - Operating revenue increased by 18.17% to CNY 3.68 billion year-on-year[11] - Net profit attributable to shareholders rose by 19.80% to CNY 73.26 million[11] - Basic and diluted earnings per share decreased by 16.95% to CNY 0.0485[11] - The net profit attributable to minority shareholders was -1,862,944.08, a decrease of 83.23% compared to the same period last year, primarily due to losses from the Balanghe company[16] - Total operating revenue for Q1 2014 reached CNY 3,678,677,966.33, a 18.1% increase from CNY 3,113,064,527.71 in the same period last year[32] - Net profit attributable to shareholders for Q1 2014 was CNY 73,262,020.55, up 19.7% from CNY 61,155,351.86 in Q1 2013[32] - The total comprehensive income for Q1 2014 was CNY 56,525,024.61, compared to CNY 51,250,431.61 in the same period last year, marking a 10.4% increase[33] Asset and Liability Changes - Total assets decreased by 4.74% to CNY 42.17 billion compared to the end of the previous year[11] - Total current assets decreased from 23,069,419,435.73 to 21,016,615,570.61, reflecting a decline of approximately 8.91%[23] - Total liabilities decreased from 37,011,013,996.84 to 34,841,597,367.84, a reduction of about 5.88%[25] - The total assets decreased from 44,266,290,590.78 to 42,169,850,400.52, indicating a decline of approximately 4.74%[25] - Total liabilities increased to CNY 3,010,995,562.42 from CNY 2,972,668,314.30 at the start of the year, reflecting a 1.3% rise[29] - The total equity attributable to the parent company increased from 6,504,306,052.94 to 6,579,145,435.76, reflecting a growth of approximately 1.15%[25] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 120.37%, resulting in a net outflow of CNY 170.74 million[11] - Net cash flow from operating activities was -170,739,284.73, a decrease of 120.37% year-on-year, attributed to increased payments for project costs and guarantees[17] - Cash and cash equivalents decreased by 1,271,685,630.22, a decline of 221.93%, due to significant reductions in net cash flow from operating and financing activities[19] - The company's cash flow from operating activities for Q1 2014 was CNY 6,881,592,914.90, compared to CNY 6,317,739,004.04 in the previous year, indicating a 9% increase[36] - Cash outflow from operating activities totaled CNY 7,052,332,199.63, an increase from CNY 5,479,634,478.12 in the previous period[37] - Net cash flow from investment activities was negative CNY 724,553,659.64, compared to negative CNY 608,484,213.75 last year[38] - Net cash flow from financing activities was negative CNY 376,371,976.39, compared to positive CNY 813,306,158.06 last year[38] Operational Changes - The construction in progress increased by 787.85% to CNY 19.35 million, primarily due to investments in the Huangjia Employee Training Center[15] - The company reported an increase of 30.99% in business tax and additional charges, attributed to a significant rise in operating revenue[15] - Asset impairment losses increased by 82.82% to CNY -5.37 million, due to changes in the aging of receivables[15] - Fair value changes resulted in a loss of -688,942.75, a decrease of 253.88% compared to the same period last year, primarily due to changes in the fair value of trading financial assets[16] - Operating income decreased by 39.27% to 1,347,665.39, mainly due to a reduction in insurance compensation received compared to the previous year[16] Shareholder Information - The number of shareholders totaled 53,113, with the largest shareholder holding 46.041% of shares[12]