DETC(SH:600081)2014-04-29 16:00Financial Performance - Operating revenue rose by 79.33% to CNY 1,233,047,098.57 year-on-year[10] - Net profit attributable to shareholders increased by 242.78% to CNY 69,493,975.80 compared to the same period last year[10] - Basic earnings per share increased by 242.50% to CNY 0.2216 per share[10] - The company's operating revenue for Q1 2014 was CNY 1,233,047,098.57, representing a 79.33% increase compared to the previous year, largely due to the inclusion of Weisi Tong's revenue[18] - The net profit attributable to the parent company reached CNY 69,493,975.80, a significant increase of 242.78% year-on-year, driven by improved operational performance and the contribution from Weisi Tong[18] - Total revenue for the current period reached CNY 1,233,047,098.57, a significant increase from CNY 687,580,331.32 in the previous period, representing an increase of approximately 79.5%[31] - Net profit for the current period was ¥103,233,084.76, up 227.5% from ¥31,534,301.59 in the previous period[32] - Total comprehensive income for the current period was ¥103,233,084.76, compared to ¥31,534,301.59 in the previous period, indicating a growth of 227.5%[32] Cash Flow - Net cash flow from operating activities reached CNY 169,863,358.82, a significant recovery from a loss of CNY 70,429,771.07 in the previous year[10] - Cash flow from operating activities generated a net amount of ¥169,863,358.82, a significant improvement from a net outflow of ¥70,429,771.07 in the previous period[36] - The company reported a significant increase in cash inflow from operating activities, totaling ¥1,280,064,045.17 compared to ¥385,942,194.37 in the previous period[36] Assets and Liabilities - Total assets increased by 57.39% to CNY 4,150,013,638.46 compared to the end of the previous year[10] - Total assets increased significantly, with cash and cash equivalents rising by 184.66% to CNY 751,816,761.92 compared to the beginning of the year[17] - Accounts receivable grew by 50.96% to CNY 1,090,001,993.62, reflecting increased sales and operational activities[17] - Long-term equity investments decreased by 49.10% to CNY 178,809,222.86, mainly due to the consolidation of Weisi Tong[17] - The total liabilities increased significantly, with accounts payable rising by 88.00% to CNY 1,353,086,864.69, attributed to the acquisition of Weisi Tong[17] - Current liabilities rose to CNY 2,662,942,830.10, compared to CNY 1,492,199,222.64, which is an increase of about 78.3%[24] - The company's equity attributable to shareholders increased to CNY 907,433,690.65 from CNY 837,939,714.85, showing a growth of approximately 8.3%[24] Shareholder Information - The total number of shareholders reached 23,076 by the end of the reporting period[14] - Dongfeng Automotive Components (Group) Co., Ltd. holds 65.00% of the shares, making it the largest shareholder[14] Investment and Expenses - The company reported a fair value investment income of CNY 17,942,958.20 from the acquisition of Visteon Corporation shares[11] - The company reported a 68.08% increase in operating costs, amounting to CNY 967,459,766.80, primarily due to the consolidation of Weisi Tong's financials[18] - Total operating costs amounted to CNY 1,151,064,721.93, compared to CNY 668,873,261.11 in the prior period, indicating an increase of about 72.1%[31] - Sales expenses increased to ¥32,147,658.06 from ¥21,848,377.12, marking a rise of 47.0%[32] - Management expenses rose to ¥114,457,801.33 from ¥60,232,176.52, an increase of 90.0%[32] Future Plans - The company plans to continue expanding its market presence and integrating new acquisitions to enhance overall performance[18] - The company has not disclosed any new product developments or market expansion strategies in this report[10]