SMAC(SH:600073)2015-04-21 16:00Financial Performance - Operating revenue for the period was CNY 2,575,580,236.97, a decrease of 7.53% year-on-year[7] - Net profit attributable to shareholders increased by 13.51% to CNY 45,060,829.01 compared to the same period last year[7] - Total operating revenue for Q1 2015 was CNY 2,575,580,236.97, a decrease of 7.5% compared to CNY 2,785,366,314.49 in the same period last year[28] - The company's operating revenue for Q1 2015 was CNY 286,552,635.51, a decrease of 5.4% compared to CNY 303,629,650.90 in the same period last year[31] - The net profit for Q1 2015 was CNY 47,001,534.91, representing an increase of 1.0% from CNY 46,518,883.91 in Q1 2014[30] - The total profit for Q1 2015 was CNY 55,185,339.75, down 4.0% from CNY 57,429,937.33 in the previous year[30] - The total comprehensive income for Q1 2015 was CNY 50,303,140.81, an increase of 12.9% compared to CNY 44,729,689.14 in the same period last year[30] Cash Flow - Cash flow from operating activities increased by 75.26% to CNY 128,484,639.10 compared to the previous year[7] - The cash inflow from operating activities was CNY 2,750,521,953.58, down 12.8% from CNY 3,156,193,560.80 in Q1 2014[34] - Total cash outflow from operating activities was 2,622,037,314.48 RMB, down from 3,082,883,706.80 RMB, indicating a decrease of about 14.9%[35] - Cash received from other operating activities increased by 149.65% to CNY 1,957.04 million, driven by higher interest income and project payments[14] - Cash paid for purchasing goods decreased by 17.70% to CNY 218,738.56 million, due to reduced payments for raw materials[14] - Cash paid for taxes increased by 30.36% to CNY 12,416.75 million, primarily due to unpaid invoices and increased tariffs[14] Assets and Liabilities - Total assets decreased by 4.22% to CNY 6,308,722,249.98 compared to the end of the previous year[7] - The company's total assets as of March 31, 2015, amounted to CNY 6,308,722,249.98, a decrease from CNY 6,586,725,730.01 at the beginning of the year[21] - Total liabilities decreased to CNY 2,935,970,296.60 from CNY 3,261,547,059.50 at the start of the year, reflecting a reduction of approximately 10%[21] - Current liabilities totaled CNY 2,701,566,532.44, down from CNY 3,046,043,557.37, indicating a decrease of about 11.3%[21] - The company's equity attributable to shareholders increased to CNY 3,113,287,228.71 from CNY 3,067,654,651.74, showing a growth of about 1.5%[21] Shareholder Information - The number of shareholders at the end of the reporting period was 62,117[11] - The largest shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd., held 31.82% of the shares[11] Inventory and Costs - Inventory decreased by 13.33% to CNY 70,068,930.00 compared to the beginning of the year[13] - Operating costs decreased by 8.86% to CNY 214,752.84 million, primarily due to a reduction in trade-related income[14] - The inventory level decreased significantly to CNY 37,463,042.71 from CNY 70,141,837.34, a reduction of approximately 46.5%[24] Investment and Financing - Investment income increased by 33.84% to CNY 868.24 million, mainly due to reduced losses from associated companies[15] - Cash inflow from investment activities totaled 205,986,029.13 RMB, significantly higher than 687,062.56 RMB in the previous year[35] - Cash outflow from investment activities was 244,396,426.23 RMB, compared to 33,293,644.43 RMB, resulting in a net cash flow from investment activities of -38,410,397.10 RMB[35] - Cash inflow from financing activities was 418,725,581.43 RMB, an increase from 343,088,987.85 RMB, representing a growth of approximately 22.1%[35] - The company received 392,326,081.43 RMB in loans during the financing activities, compared to 303,088,987.85 RMB in the previous year, marking an increase of about 29.5%[35] Future Outlook - Future outlook includes potential market expansion and new product development, although specific figures were not disclosed in the report[28]