SAIC MOTOR(SH:600104)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 12.61% to CNY 6.98 billion year-on-year[5] - Operating revenue for the first quarter reached CNY 167.56 billion, reflecting a growth of 15.82% compared to the same period last year[5] - Total operating revenue for Q1 2014 reached CNY 168.41 billion, an increase of 15.95% compared to CNY 145.24 billion in the same period last year[26] - Net profit attributable to shareholders of the parent company was CNY 6.98 billion, up 12.59% from CNY 6.20 billion year-on-year[26] - Earnings per share for Q1 2014 was CNY 0.633, compared to CNY 0.562 in the same period last year, marking an increase of 12.63%[26] - The company reported a comprehensive income of CNY 9.58 billion, compared to CNY 8.50 billion in the same period last year, indicating a growth of 12.68%[27] - The company’s total comprehensive income for Q1 2014 was CNY 4,236,311,906.82, compared to CNY 3,820,032,512.23 in the previous year, representing an increase of about 10.9%[29] Assets and Liabilities - Total assets increased by 4.52% to CNY 390.55 billion compared to the end of the previous year[5] - The total liabilities of the company as of March 31, 2014, were RMB 219,272,406,608.98, compared to RMB 211,908,649,690.90 at the beginning of the year[20] - The company's total assets amounted to CNY 146.05 billion, compared to CNY 143.12 billion at the beginning of the year, reflecting a growth of 2.03%[23] - Total liabilities decreased to CNY 15.20 billion from CNY 16.51 billion, a reduction of 7.93%[23] - The company's equity attributable to shareholders increased to CNY 130.85 billion, up from CNY 126.61 billion, representing a growth of 3.56%[23] Cash Flow - The net cash flow from operating activities decreased by 46.98% to CNY 9.61 billion compared to the same period last year[5] - Cash flow from operating activities for Q1 2014 was CNY 9,611,157,691.64, down 47.1% from CNY 18,126,787,063.72 in the same period last year[30] - The cash and cash equivalents decreased to CNY 38.64 billion from CNY 39.96 billion at the beginning of the year, a decline of 3.34%[22] - The net increase in cash and cash equivalents for the quarter was a decrease of 1,320,619,929.05[34] - The ending balance of cash and cash equivalents was 38,643,970,980.50, reflecting a decline compared to the beginning balance[34] Investments - The company’s investment in available-for-sale financial assets increased by 44.00% to CNY 20.26 billion[11] - The company’s investment income for Q1 2014 was CNY 5,469,809,155.67, up from CNY 5,275,655,871.64 in the same period last year, showing an increase of approximately 3.7%[29] - Investment income for the quarter was CNY 7.05 billion, slightly up from CNY 7.01 billion in the previous year[26] - Cash inflow from investment activities was CNY 46,389,457,217.89, significantly higher than CNY 30,055,904,435.21 in the same period last year, indicating a growth of approximately 54.3%[30] - Investment activities generated a net cash outflow of CNY 11,197,638,037.14 in Q1 2014, compared to a net outflow of CNY 5,765,595,557.94 in the previous year[30] Shareholder Information - The number of shareholders reached 167,001, with the largest shareholder holding 74.30% of the shares[9] - The company reported a total of RMB 41,796,374,535.78 in capital reserves as of March 31, 2014, down from RMB 42,348,637,643.17 at the beginning of the year[20] Operational Metrics - The company sold 1.52 million vehicles in the first quarter, representing a year-on-year increase of 14.54%[12] - The total operating costs for the quarter were CNY 163.47 billion, an increase of 15.61% from CNY 141.40 billion year-on-year[26] - The company reported a decrease in sales expenses to CNY 303,484,779.13 from CNY 100,997,068.88, reflecting a significant increase of 200.5% year-on-year[29]