ZJOFHC(SH:600120)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 1,557,182,144.62, a decrease of 3.43% year-on-year[10] - Net profit attributable to shareholders was CNY 139,727,504.30, showing a slight increase of 0.06% compared to the same period last year[10] - Investment income for the first quarter was CNY 180,667,400.88, down from CNY 204,312,847.65 year-over-year[32] - The company reported a total operating cost of CNY 1,541,679,345.50, down from CNY 1,623,075,721.35, reflecting a decrease of approximately 5%[28] - Other comprehensive income for the first quarter was negative at CNY -558,303,111.74, compared to a positive CNY 252,867,298.55 in the previous year[29] Assets and Liabilities - Total assets decreased by 7.27% to CNY 10,865,297,977.69 compared to the end of the previous year[10] - Total liabilities decreased from ¥6,606,483,396.21 to ¥6,198,022,496.04, indicating a reduction in overall debt levels[23] - Non-current assets totaled ¥4,909,222,915.14, down from ¥5,526,685,762.72 at the beginning of the year[22] - Cash and cash equivalents decreased by 39.19% to CNY 751,916,107.50 due to increased prepaid payments[14] - Cash and cash equivalents decreased from ¥1,236,600,969.67 to ¥751,916,107.50, reflecting a decline in liquidity[21] Shareholder Information - The number of shareholders at the end of the reporting period was 32,457[11] - The largest shareholder, Zhejiang International Trade Group Co., Ltd., holds 45.16% of the shares, totaling 228,253,122 shares[12] Cash Flow - Cash flow from operating activities was negative at CNY -821,842,408.84, a decline of 155.49% compared to the previous year[10] - Cash received from operating activities decreased by 86.61% to ¥66,741,939.81, mainly due to a reduction in cash received compared to the previous period[16] - The net cash flow from operating activities was -557,365,662.45 RMB, compared to -454,573,610.88 RMB in the previous period, indicating a decline in operational performance[36] - Cash inflow from investment activities totaled 188,137,199.92 RMB, while cash outflow was 135,889,630.03 RMB, resulting in a net cash flow of 52,247,569.89 RMB, down from 269,131,623.55 RMB in the previous period[37] - The total cash outflow for operating activities was 1,133,735,884.00 RMB, compared to 912,941,281.23 RMB in the previous period, highlighting increased operational costs[36] Borrowings and Financing - Long-term borrowings increased by 47.74% to CNY 778,920,174.77, attributed to new borrowings by subsidiaries[14] - The company raised 666,317,139.47 RMB through borrowing, an increase from 525,133,069.06 RMB in the previous period, reflecting a stronger financing position[37] - The net cash flow from financing activities was 264,118,833.93 RMB, a significant improvement from -137,467,033.35 RMB in the previous period, indicating better capital management[37] Performance Ratios - The weighted average return on equity decreased by 0.27 percentage points to 3.37%[10] - Basic and diluted earnings per share remained stable at CNY 0.28 for both the current and previous periods[29] Impairment and Other Charges - Asset impairment losses increased by 146.16% to -¥23,145,456.04, primarily due to the reversal of bad debt provisions[16] - Operating tax and additional charges decreased by 39.81% to ¥3,765,271.97, mainly due to a reduction in sales from the subsidiary's real estate[16]