Xiangyu(SH:600057)2014-04-29 16:00Financial Performance - Operating revenue rose by 59.75% to CNY 9,114,561,471.43 year-on-year[9] - Net profit attributable to shareholders increased by 185.96% to CNY 60,684,104.66 compared to the same period last year[9] - Basic earnings per share increased by 250% to CNY 0.07 from CNY 0.02 in the same period last year[9] - The weighted average return on equity improved to 3.30% from 1.37% year-on-year[9] - The company reported a significant increase in net profit excluding non-recurring gains and losses, reaching CNY 21,998,853.87 compared to a loss of CNY -22,482,115.67 in the previous year[9] - Net profit for the period was ¥84,723,827.65, up from ¥25,491,690.37, reflecting a growth of approximately 233.5% year-over-year[37] - The company reported an investment income of ¥176,119,328.38, compared to ¥2,483,777.29 in the previous year, showing a substantial increase[37] Assets and Liabilities - Total assets increased by 30.43% to CNY 17,225,109,946.97 compared to the end of the previous year[9] - Total liabilities increased to ¥15,050,719,026.47 from ¥11,139,532,026.39, showing a rise of approximately 35.0%[30] - The company's total equity rose to ¥2,174,390,920.50 from ¥2,066,873,912.18, reflecting an increase of approximately 5.2%[30] - The total current assets as of March 31, 2014, amounted to CNY 14,857,026,462.89, an increase from CNY 10,951,247,172.45 at the beginning of the year, reflecting a growth of approximately 35.5%[28] - Inventory increased by 85.89% to ¥5,411,042,294.46, reflecting the need to meet business demands[14] - Short-term loans rose by 30.29% to ¥7,787,429,705.96, indicating increased financing to support business development[14] Cash Flow - Net cash flow from operating activities was negative at CNY -2,113,443,498.39, compared to CNY -1,749,190,802.96 in the previous year[9] - The net cash flow from financing activities increased by 59.44% to ¥2,755,308,271.27, mainly due to cash inflows from the newly added gold leasing business[17] - Operating cash inflow was ¥10,901,452,497.11, up from ¥7,132,657,764.99, reflecting a growth of approximately 53.8% year-over-year[43] - Total operating cash outflow increased to ¥13,014,895,995.50 from ¥8,881,848,567.95, resulting in a net cash flow from operating activities of -¥2,113,443,498.39, compared to -¥1,749,190,802.96 previously[43] Shareholder Information - The total number of shareholders reached 45,694 as of the report date[12] - The largest shareholder, Xiamen Xiangyu Group Co., Ltd., holds 64.46% of the shares, totaling 554,243,456 shares[12] Government Support and Compliance - The company received government subsidies amounting to CNY 19,529,083.66 during the reporting period[10] - The company has committed to avoiding direct or indirect competition with its controlling enterprises post-major asset restructuring[20] - The company is ensuring the independence of its operations, including asset, personnel, financial, and business independence[23] - The company is actively working to limit the scope of operations of its subsidiaries to prevent competition in the manufacturing sector[21] - The company has pledged to conduct related party transactions in compliance with legal regulations and market principles[22] - The company is currently fulfilling its commitments without any violations, in line with regulatory guidelines[22]