TGWC(SH:600116)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders reached CNY 3,596,456.72, a significant increase of 160.21% from a loss of CNY 5,972,768.25 in the same period last year[10]. - Operating revenue for the first quarter was CNY 249,861,673.20, reflecting a growth of 10.57% year-on-year[10]. - Basic earnings per share improved to CNY 0.01, a 150.00% increase from a loss of CNY 0.02 per share in the previous year[10]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 3,216,215.17, compared to a loss of CNY 9,358,413.71 in the same period last year[10]. - Net profit for Q1 2014 was CNY 1,507,259.26, a significant recovery from a net loss of CNY 8,866,948.30 in the previous year[45]. - The company reported a profit margin of 0.6% in Q1 2014, compared to a negative margin in the same quarter last year[45]. Assets and Liabilities - Total assets increased by 3.13% to CNY 3,633,659,465.01 compared to the end of the previous year[10]. - The company's total liabilities as of March 31, 2014, were 2.4523 billion RMB, compared to 2.3436 billion RMB at the beginning of the year, indicating an increase of about 4.6%[35]. - Total liabilities decreased to CNY 1,228,635,995.47 from CNY 1,371,847,242.99, a reduction of about 10.4%[42]. - The company's total equity as of March 31, 2014, was 1.1814 billion RMB, slightly up from 1.1799 billion RMB at the beginning of the year[35]. Cash Flow - Net cash flow from operating activities surged by 1,538.35% to CNY 69,584,506.46 compared to CNY 4,247,243.77 in the same period last year[10]. - Operating cash inflow for the current period reached ¥399,119,494.26, an increase of 21.7% compared to ¥328,018,559.79 in the previous period[53]. - Cash inflow from financing activities was ¥300,420,000.00, a decrease from ¥635,462,000.00 in the previous period[59]. - The company reported a net increase in cash and cash equivalents of ¥6,817,392.74, a significant decrease from ¥325,655,448.60 in the previous period[59]. Shareholder Information - The total number of shareholders reached 48,812 by the end of the reporting period[14]. - The top shareholder, Chongqing Zhongjieneng Industrial Co., Ltd., holds 13.82% of the shares, totaling 36,982,000 shares[14]. Inventory and Prepayments - Inventory increased by 34.65% to CNY 232,609,146.45 compared to CNY 172,745,348.49 in the previous year[16]. - Prepayments increased by 80.24% to CNY 193,947,027.12 from CNY 107,603,041.57 year-on-year[16]. Strategic Plans - The company plans to transfer 55% equity of Xinhua Hydropower Co., Ltd. to China Nuclear Engineering Group for CNY 3.96 billion[15]. - The company plans to issue up to 10,129.56 million shares in a private placement, aiming to raise no more than CNY 86,000 million for project funding and working capital[23]. - The company plans to expand its market presence through strategic partnerships and project developments, particularly in hydropower projects[24]. Other Financial Metrics - The weighted average return on net assets increased by 0.88 percentage points to 0.32% from -0.56% in the same period last year[10]. - Sales expenses decreased by 31.21% to CNY 412,482.25 from CNY 599,609.67 year-on-year[16]. - Other operating income decreased by 49.08% to CNY 1,090,474.96 from CNY 2,141,553.46 in the previous year[16]. - Cash received from investment activities decreased by 82.62% to CNY 521,548.82 compared to CNY 3,000,000.00 last year[16].