NUG(SH:600051)2014-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 25,685,546.96, an increase of 580.47% year-on-year[10]. - Operating revenue for the period was CNY 472,086,759.12, down 0.79% from the same period last year[10]. - Net profit for the period was CNY 32,072,668.49, compared to a net loss of CNY 1,194,780.65 in the previous period, indicating a significant turnaround[35]. - Earnings per share increased to CNY 0.085 from CNY 0.012, reflecting improved profitability[36]. - The company recorded a comprehensive income of CNY 35,196,669.15, compared to a comprehensive loss of CNY 50,306,869.74 in the previous period[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,703,934,002.12, a decrease of 0.34% compared to the end of the previous year[10]. - The company's total assets as of March 31, 2014, were 7,703,934,002.12 RMB, a slight decrease from 7,729,911,620.04 RMB at the beginning of the year[28]. - The total liabilities decreased to 5,783,863,313.73 RMB from 5,845,037,600.80 RMB at the beginning of the year[28]. - Total liabilities rose to CNY 892,855,665.96 from CNY 784,412,447.30, an increase of about 13.84%[32]. - The total equity increased to CNY 1,620,023,495.95 from CNY 1,609,182,621.82, reflecting a growth of about 0.73%[32]. Cash Flow - The company reported a cash flow from operating activities of -CNY 157,213,070.54, an improvement from -CNY 231,885,849.17 in the previous year[10]. - The net cash flow from operating activities for the current period was -157,213,070.54 RMB, an improvement of 74,672,778.63 RMB compared to the same period last year, which was -231,885,849.17 RMB[20]. - The net cash flow from investing activities increased to 11,738,529.18 RMB, a change of 23,073,585.99 RMB from -11,335,056.81 RMB in the previous year[20]. - The net cash flow from financing activities rose significantly to 149,945,832.09 RMB, an increase of 116,594,117.23 RMB compared to 33,351,714.86 RMB in the same period last year[20]. - The company experienced a net increase in cash and cash equivalents of CNY 4,443,413.54, contrasting with a decrease of CNY -209,877,467.65 in the previous period[42]. Accounts Receivable and Prepayments - Accounts receivable decreased by 65.66% to CNY 57,554,326.06 due to the recovery of sales receivables[15]. - The accounts receivable decreased significantly to 57,554,326.06 RMB from 167,617,059.44 RMB at the beginning of the year, indicating improved collection efforts[26]. - Prepayments increased by 118.28% to CNY 86,856,176.65, primarily due to increased advance payments for export goods[15]. Investment Income - Investment income rose by 460.91% to CNY 24,718,381.07 compared to the previous year[17]. - The investment income increased due to the sale of part of the available-for-sale financial assets by the parent company[18]. - The company reported an investment income of CNY 24,718,381.07, significantly higher than CNY 4,406,865.76 in the previous period[35]. Shareholder Information - The number of shareholders at the end of the reporting period was 30,428[12]. - The first major shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., holds 29.9% of the shares, totaling 90,417,600 shares[13]. Operating Costs - Total operating costs decreased to CNY 455,531,287.93 from CNY 482,312,303.35, representing a reduction of approximately 5.56%[35]. Tax and Employee Payments - The company received tax refunds amounting to CNY 51,572,319.26, an increase from CNY 47,762,098.70 in the previous period[39]. - Cash outflow for employee payments was CNY 32,692,810.32, slightly up from CNY 32,628,971.94[40]. - Cash outflow for taxes paid surged to CNY 154,738,527.41 from CNY 27,784,491.09, indicating a significant increase in tax obligations[40].