Hisense V.T.(SH:600060)2014-04-24 16:00Financial Performance - Operating revenue for the first quarter was CNY 6,904,395,314.31, a slight increase of 0.51% year-on-year[10] - Net profit attributable to shareholders decreased by 7.91% to CNY 456,656,797.80[10] - Basic and diluted earnings per share fell by 7.92% to CNY 0.349[10] - The company's operating revenue for Q1 2014 was RMB 6,529,412,457.28, a decrease of 2.5% compared to RMB 6,697,239,961.63 in the same period last year[20] - The net profit for Q1 2014 was RMB 426,847,096.41, down 2.5% from RMB 438,290,791.71 in Q1 2013[20] - The company reported a total profit of RMB 556,855,415.49, a decrease of 10.34% from RMB 620,936,513.75 year-over-year[17] - Operating profit for Q1 2014 was RMB 541,330,317.62, down 10.47% from RMB 604,794,083.83 in Q1 2013[17] Assets and Liabilities - Total assets increased by 1.04% to CNY 20,073,217,882.87 compared to the end of the previous year[10] - The total assets at the end of Q1 2014 were RMB 19,353,513,455.71, an increase from RMB 18,841,678,934.14 at the beginning of the year[19] - The total liabilities at the end of Q1 2014 were RMB 9,232,606,154.92, compared to RMB 9,147,618,729.76 at the beginning of the year[19] - Cash and cash equivalents at the end of the period were RMB 2,719,457,769.86, compared to RMB 1,693,194,321.49 at the end of Q1 2013, showing an increase of 60.49%[18] - The company's cash and cash equivalents at the end of Q1 2014 amounted to RMB 2,610,906,225.35, up from RMB 2,460,026,696.78 at the beginning of the year[21] Shareholder Information - The total number of shareholders reached 66,520[12] - The largest shareholder, Hisense Group Co., Ltd., holds a 40.37% stake with 528,241,020 shares[12] Cash Flow and Investments - Cash flow from operating activities dropped significantly by 43.83% to CNY 388,872,273.05[10] - Cash flow from operating activities generated RMB 388,872,273.05, down 43.73% from RMB 692,333,746.88 in the previous year[18] - Investment activities resulted in a net cash outflow of RMB 576,458,782.42, compared to a net outflow of RMB 549,116,308.85 in the same period last year[18] - Cash flow from the disposal of fixed assets surged by 14,019.22% year-on-year to ¥7,468,260.00, due to proceeds from land disposal[14] - Cash paid for the acquisition of fixed assets decreased by 32.33% year-on-year to ¥91,927,042.41, indicating reduced capital expenditures[14] Other Financial Metrics - The weighted average return on equity decreased by 0.98 percentage points to 4.51%[10] - The company reported a total of CNY 17,860,486.68 in non-recurring gains and losses for the quarter[11] - Financial expenses decreased significantly by 656.26% year-on-year, resulting in a cost of -¥11,359,868.53 due to increased term deposits and reduced bill discounts[14] - Investment income fell by 50.96% year-on-year to ¥9,333,333.29, reflecting a decline in financial products[14] - The financial expenses for Q1 2014 showed a significant improvement, with a net income of RMB -4,468,915.28 compared to RMB 3,925,430.87 in the previous year[20] - The company reported an increase in investment income to RMB 17,881,985.04 from RMB 19,031,037.46 in the same period last year[20]