SMAC(SH:600073)2014-04-21 16:00Financial Performance - Operating revenue increased by 13.45% to CNY 2,785,366,314.49 year-on-year[10] - Net profit attributable to shareholders rose by 18.18% to CNY 39,699,079.66 compared to the same period last year[10] - Basic and diluted earnings per share increased by 17.07% to CNY 0.048[10] - Total operating revenue for the current period reached ¥2,785,366,314.49, an increase of 13.3% compared to ¥2,455,142,183.73 in the previous period[25] - Net profit for the current period was ¥46,518,883.91, representing a 25% increase from ¥37,231,947.04 in the previous period[26] - Earnings per share (EPS) for the current period was ¥0.048, compared to ¥0.041 in the previous period, reflecting a 17.1% increase[26] - The company reported a total comprehensive income of ¥44,729,689.14, up from ¥37,406,387.09 in the previous period, marking a growth of 19%[26] Cash Flow - Net cash flow from operating activities improved significantly to CNY 73,309,854.00, compared to a negative cash flow of CNY -47,816,020.05 in the previous year[10] - Cash flow from operating activities generated a net amount of ¥73,309,854.00, a significant recovery from a negative cash flow of -¥47,816,020.05 in the prior period[30] - Operating cash flow for the current period was ¥88,663,505.24, a significant improvement compared to the previous period's negative cash flow of -¥56,319,148.88[34] - Total cash inflow from operating activities reached ¥468,259,190.79, up from ¥316,187,339.98 in the previous period, indicating a growth of approximately 47.9%[34] - Cash outflow from operating activities was ¥379,595,685.55, slightly increased from ¥372,506,488.86, resulting in a net cash flow from operations of ¥88,663,505.24[34] - The company received ¥152,213,871.59 in other cash related to operating activities, a significant increase from ¥2,667,060.36 in the previous period[34] Assets and Liabilities - Total assets decreased by 1.95% to CNY 5,450,923,838.62 compared to the end of the previous year[10] - The company's total liabilities were 3.20 billion RMB, down from 3.30 billion RMB at the beginning of the year[20] - Current assets totaled approximately 2.99 billion RMB, a decrease from 3.09 billion RMB at the beginning of the year[18] - The company's equity attributable to shareholders was approximately 1.97 billion RMB, down from 1.98 billion RMB at the beginning of the year[20] - The total liabilities decreased to ¥1,590,209,333.55 from ¥1,627,683,379.82, indicating a reduction of approximately 2.3%[23] - Total equity decreased to ¥1,843,678,842.26 from ¥1,882,823,792.06, a decline of about 2.1%[23] Shareholder Information - The total number of shareholders reached 62,776, with the largest shareholder holding 36.27% of the shares[13] - The actual controller, Bright Food (Group) Co., Ltd., committed not to engage in any business that competes with the company[15] - The actual controller, Bright Food (Group) Co., Ltd., subscribed to 28.445 million shares of Shanghai Meilin's non-public offering, accounting for 5.70% of the total share capital after the issuance, at a price of 10.6 RMB per share[16] - Bright Food (Group) Co., Ltd. increased its holdings by 990,420 shares, representing approximately 0.13% of the total shares outstanding, bringing its total holdings to 321.93 million shares, or 43.04% of the total[16] Expenses and Subsidies - Government subsidies recognized in the period increased by 88.22% to CNY 6,067,773.67[15] - The company’s financial expenses rose by 35.72% to CNY 28,674,516.56 due to increased interest expenses[15] - Sales expenses increased to ¥258,368,070.35, up 13% from ¥228,582,899.95 in the previous period[26] - The company recorded investment income of ¥6,487,349.87, slightly down from ¥7,255,874.98 in the previous period[26] Inventory and Cash Management - Cash and cash equivalents stood at approximately 1.07 billion RMB, slightly down from 1.08 billion RMB at the beginning of the year[18] - Inventory decreased to approximately 924 million RMB from 985 million RMB at the beginning of the year, indicating a reduction of about 6.1%[18] - The ending cash and cash equivalents balance was ¥200,282,831.89, a slight decrease from ¥219,054,780.87 in the previous period[35] - The total cash and cash equivalents at the beginning of the period was ¥187,534,623.44, which increased to ¥200,282,831.89 by the end of the period[35] Foreign Exchange and Investment Activities - The company experienced a foreign exchange loss of -¥397,043.38, compared to -¥935,861.04 in the previous period[35] - Investment activities generated a net cash inflow of ¥11,524,646.59, down from ¥70,278,552.91 in the previous period, reflecting a decrease of approximately 83.7%[35] - Cash inflow from financing activities totaled ¥60,000,000.00, a decrease from ¥315,000,000.00 in the previous period, indicating a decline of about 81%[35] - The net cash flow from financing activities was -¥87,042,900.00, compared to a positive cash flow of ¥98,143,443.25 in the previous period[35]