TBEA(SH:600089)2015-04-14 16:00Financial Performance - Net profit attributable to shareholders rose by 25.61% to CNY 549.22 million year-on-year[5] - Operating revenue grew by 9.40% to CNY 8.53 billion compared to the same period last year[5] - Operating profit increased by 35.77% to CNY 584,952,759.32 compared to CNY 430,838,448.31 in the same period last year, driven by expanded business scale and improved gross margin in the renewable energy sector[15] - Basic and diluted earnings per share increased by 15.86% to CNY 0.1695[5] - Total revenue for Q1 2015 was CNY 8,534,848,868.26, an increase of 9.4% compared to CNY 7,801,859,984.76 in the same period last year[31] - Operating profit for Q1 2015 reached CNY 584,952,759.32, up from CNY 430,838,448.31 in Q1 2014, reflecting a growth of 35.8%[31] - Net profit attributable to shareholders for Q1 2015 was CNY 549,223,844.33, compared to CNY 437,230,539.39 in Q1 2014, representing a year-on-year increase of 25.6%[32] Assets and Liabilities - Total assets increased by 2.86% to CNY 60.99 billion compared to the end of the previous year[5] - Current assets totaled CNY 37,052,861,224.39, up from CNY 35,127,109,755.93 at the start of the year, indicating a growth of approximately 5.5%[22] - Total liabilities reached CNY 39,391,917,036.63, compared to CNY 38,271,341,004.31 at the beginning of the year, indicating an increase of approximately 2.9%[24] - The company's long-term borrowings increased significantly to CNY 7,940,623,510.28 from CNY 6,276,629,720.68, reflecting a rise of about 26.5%[24] - Non-current liabilities totaled CNY 4,399,821,115.00 at the end of Q1 2015, up from CNY 3,004,499,455.00 at the beginning of the year, representing a significant increase of 46.4%[29] Cash Flow - Net cash flow from operating activities improved significantly, with a reduction in outflow from CNY -3.40 billion to CNY -1.86 billion[5] - Cash flow from operating activities improved by CNY 1,546,019,968.20, reaching -CNY 1,856,218,493.03, indicating better operational efficiency[16] - Cash inflow from operating activities totaled ¥5,744,195,799.93, compared to ¥4,856,813,333.48 in the previous period, indicating a growth of 18.2%[37] - Cash outflow from operating activities was ¥7,600,414,292.96, down from ¥8,259,051,794.71 in the previous period, reflecting a decrease of 8.0%[38] - The company reported a net cash flow from financing activities of CNY 989,294,016.47, a decrease of 75.19% compared to the previous year, primarily due to reduced fundraising from share placements[16] Shareholder Information - The total number of shareholders reached 313,029 by the end of the reporting period[10] - The largest shareholder, Xinjiang Tebian Electric Group, holds 11.65% of the shares[11] Government Support and Other Income - The company received government subsidies amounting to CNY 53.19 million related to its normal business operations[9] - Non-recurring gains and losses totaled CNY 47.13 million for the reporting period[9] - Investment income was CNY 12,007,007.46, a significant recovery from a loss of CNY 8,146,993.24 in the previous year, due to profitability from investments in Xinjiang Zhonghe Co., Ltd.[15] Comprehensive Income - The company recorded a significant decrease in comprehensive income after tax attributable to the parent company, amounting to -CNY 50,375,969.50, influenced by changes in hedging and foreign currency translation differences[15] - The company’s other comprehensive income after tax for Q1 2015 was CNY -92,991,643.10, compared to CNY -39,881,324.19 in Q1 2014, indicating a decline in comprehensive income[32] Changes in Assets - Accounts receivable increased significantly to CNY 9,767,099,003.05 from CNY 7,947,465,920.02, representing a growth of approximately 22.9%[22] - Inventory levels rose slightly to CNY 8,755,423,717.69 from CNY 8,640,542,149.04, marking an increase of about 1.3%[22] - Other receivables increased by 35.34% to CNY 642,152,863.79, attributed to the increase in bid guarantee deposits as a result of business expansion[14] - Prepayments increased by 33.46% to CNY 3,918,283,975.65, mainly due to the company's procurement of bulk raw materials[14] - Other current assets decreased by 30.81% to CNY 916,457,759.68, mainly due to the maturity of bank wealth management products[14]