THTF(SH:600100)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 118.63% to a loss of CNY 15.29 million compared to the same period last year[9] - Operating revenue declined by 5.89% to CNY 4.18 billion compared to the previous year[9] - The basic earnings per share dropped by 116.95% to CNY -0.0070 compared to the same period last year[9] - Total operating revenue for Q1 2014 was CNY 4,180,693,789.46, a decrease of 5.9% compared to CNY 4,442,221,943.75 in Q1 2013[41] - Net profit for Q1 2014 was CNY 27,243,181.87, a decline of 75.2% from CNY 109,821,148.95 in Q1 2013[41] - The net profit attributable to shareholders of the parent company was CNY -15,285,562.72 in Q1 2014, compared to CNY 82,058,508.90 in Q1 2013[41] - The company experienced a comprehensive loss of CNY -7,237,231.19 in Q1 2014, compared to a comprehensive income of CNY 109,545,529.05 in Q1 2013[41] Assets and Liabilities - Total assets increased by 0.84% to CNY 42.92 billion compared to the end of the previous year[9] - Total liabilities reached CNY 29,307,453,825.19, compared to CNY 28,944,202,677.53, marking an increase of about 1.25%[38] - Current assets totaled CNY 21,526,322,097.94, slightly up from CNY 21,299,840,602.06, indicating a growth of about 1.06%[37] - Inventory increased significantly to CNY 7,617,803,409.74 from CNY 6,583,604,700.45, representing a rise of approximately 15.71%[37] - Total liabilities as of March 31, 2014, were CNY 13,410,713,729.95, an increase of 4.8% from CNY 12,796,025,788.44 at the end of 2013[40] - The company's equity attributable to shareholders decreased slightly to CNY 10,656,904,038.05 from CNY 10,707,080,836.36, a decline of about 0.47%[38] Cash Flow - The net cash flow from operating activities was negative at CNY -1.01 billion, compared to CNY -933.17 million in the same period last year[9] - Operating cash inflow for Q1 2014 was CNY 4,659,709,309.26, an increase of 7.85% from CNY 4,320,289,965.74 in Q1 2013[46] - Cash inflow from financing activities totaled CNY 4,173,449,776.07, up 40.06% from CNY 2,980,809,840.02 in Q1 2013[46] - Cash outflow for investing activities was CNY 308,372,177.57, a decrease of 37.14% from CNY 491,183,886.88 in Q1 2013[46] - The ending cash and cash equivalents balance was CNY 4,445,283,145.15, an increase from CNY 3,168,447,804.70 in Q1 2013[46] Shareholder Information - The number of shareholders reached 150,006 at the end of the reporting period[13] - The largest shareholder, Tsinghua Holdings Co., Ltd., holds 21.60% of the shares, totaling 474,759,378 shares[13] Investment and Future Plans - THTF Energy-Saving Holding Limited intends to subscribe for 100 million new shares of Zhenmingli Holdings at a price of 0.9 HKD per share, totaling 90 million HKD[19] - If the subscription is completed, THTF ES will hold 51.6% of Zhenmingli, becoming its controlling shareholder[20] - The subscription agreement is subject to approval from the Hong Kong Securities and Futures Commission and the shareholders' meeting of Zhenmingli[20] - The company anticipates potential significant changes in cumulative net profit compared to the previous year, with further details to be disclosed in future reports[32] Compliance and Commitments - The company has complied with all commitments regarding share transfer restrictions and asset purchases as of the report date[23] - The company has not identified any unfulfilled commitments or violations of regulatory guidelines as of the report date[23]