YTCO(SH:600066)2014-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 6.65% to CNY 283.09 million year-on-year[8] - Operating revenue increased by 1.35% to CNY 4.40 billion compared to the same period last year[8] - The company reported a basic earnings per share of CNY 0.22, up 6.30% from the previous year[8] - Operating profit for Q1 2014 reached RMB 313,476,305.63, compared to RMB 252,332,729.48 in Q1 2013, indicating an increase of about 24.2%[34] - Net profit attributable to shareholders of the parent company was RMB 283,094,455.55 in Q1 2014, up from RMB 265,446,363.61 in Q1 2013, reflecting a growth of approximately 6.2%[34] - The total comprehensive income for Q1 2014 was RMB 283,700,176.38, compared to RMB 265,953,766.22 in Q1 2013, indicating an increase of about 6.3%[34] Assets and Liabilities - Total assets increased by 2.51% to CNY 16.60 billion compared to the end of the previous year[8] - Total current assets as of March 31, 2014, amounted to RMB 12,153,753,019.57, an increase from RMB 11,753,018,039.93 at the end of 2013[28] - Total assets as of March 31, 2014, reached RMB 16,603,416,487.97, compared to RMB 16,197,573,484.10 at the end of 2013[28] - Total liabilities as of March 31, 2014, amounted to RMB 7,553,276,950.96, up from RMB 7,440,428,514.99 at the end of 2013, representing an increase of about 1.5%[31] - Total equity increased to RMB 9,050,139,537.01 as of March 31, 2014, compared to RMB 8,757,144,969.11 at the end of 2013, marking a growth of approximately 3.3%[31] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 590.47 million, a significant improvement from a negative CNY 414.22 million in the previous year[8] - The net cash flow from operating activities was 590,472,314.79, a significant improvement from a negative cash flow of -414,216,429.92 in the same period last year, representing a turnaround of over 242%[37] - Total cash inflow from operating activities reached 4,096,346,182.93, up from 3,325,060,766.68, indicating a year-over-year increase of approximately 23%[37] - Cash outflow for purchasing goods and services decreased to 2,487,522,537.33 from 2,784,297,155.65, reflecting a reduction of about 11%[37] - The net cash flow from investing activities was -868,869,736.27, compared to a positive cash flow of 436,380,986.01 in the previous year, marking a decline of over 299%[37] - The net cash flow from financing activities was -21,206,863.09, an improvement from -32,855,769.13 in the same quarter last year, indicating a reduction in cash outflow of about 35%[37] Shareholder Information - The number of shareholders reached 49,787, with the largest shareholder holding 31.42% of the shares[12] Inventory and Current Assets - Inventory decreased by 36.21% to CNY 893.44 million, indicating reduced production output[14] - Other current assets increased by 87.32% to CNY 1.51 billion, primarily due to an increase in bank wealth management products[14] Tax and Investment - The company experienced a significant reduction in tax payable by 72.40% to CNY 28.64 million[14] - Revenue from tax refunds increased by 164.75% to RMB 134,187,650.25 compared to RMB 50,685,074.86 in the same period last year[20] - Investment income received increased by 307.85% to RMB 11,314,560.67 from RMB 2,774,199.99 year-on-year[20] Management and Future Plans - Management expenses increased by 23.79% to RMB 296,527,579.27 from RMB 239,543,726.65 year-on-year[20] - Financial expenses showed a significant increase, with a loss of RMB 24,577,747.16 compared to a loss of RMB 14,003,809.34 in the previous year[20] - The company plans to integrate its auto parts business into the bus segment by the end of 2014, with ongoing asset injection discussions[22] - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings and operational capabilities[34] Stock and Buyback - The company has a buyback liability balance of RMB 3.74 billion as of the reporting period[21] - The company’s stock has been suspended due to the planned asset acquisition from its controlling shareholder[20]