HT-SAAE(SH:600151)2014-04-28 16:00Financial Performance - Total revenue for Q1 2014 reached CNY 1,019,934,416.74, representing a 162.09% increase compared to CNY 389,152,982.12 in the same period last year[11] - Net profit attributable to shareholders was CNY 42,896,081.88, a decrease of 13.35% from CNY 49,506,092.94 year-on-year[11] - Net profit excluding non-recurring gains and losses increased by 259.52% to CNY 38,068,305.64 from CNY 10,588,776.91 in the previous year[11] - The company's operating revenue reached ¥1,019,934,416.74, a significant increase of 162.09% compared to ¥389,152,982.12 in the same period last year, driven by a substantial rise in photovoltaic module shipments[16] - Net profit for Q1 2014 was CNY 43,689,822.32, compared to CNY 50,275,191.00 in Q1 2013, indicating a decrease of about 13.5%[33] - The total cost of operations for Q1 2014 was CNY 1,027,176,958.45, compared to CNY 406,990,888.41 in the previous year, representing an increase of approximately 152.5%[32] - The company reported an investment income of CNY 47,569,513.02, down from CNY 64,330,724.80 in the same period last year, indicating a decrease of about 26.0%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,029,567,224.22, up 2.66% from CNY 7,821,835,073.16 at the end of the previous year[11] - The total assets of the company as of March 31, 2014, amounted to ¥8,029,567,224.22, an increase from ¥7,821,835,073.16 at the beginning of the year[24] - The total liabilities increased to ¥4,185,712,290.73 from ¥4,022,136,291.84, reflecting the company's ongoing financing activities[26] - Total liabilities rose to CNY 1,670,259,400.61, compared to CNY 1,304,638,247.83 in the previous year, marking an increase of about 28.1%[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 334,584,122.69, compared to an outflow of CNY 207,414,651.88 in the same period last year[11] - The net cash flow from operating activities was -¥334,584,122.69, a decrease of ¥127,169,470.81 from -¥207,414,651.88 year-on-year, primarily due to an increase in the acceptance of notes payable[16] - The net cash flow from investing activities was -¥136,366,664.93, a decline of 132.49% compared to ¥419,693,058.18 in the previous year, attributed to the transfer of certain subsidiaries in the prior period[16] - The net cash flow from operating activities was CNY 439,010,427.43, compared to CNY 292,764,277.06 in the same period last year, showing an increase of approximately 50.0%[37] - The company’s cash flow from investment activities showed a net outflow of -312,685,958.06 RMB, compared to a net inflow of 146,308,780.94 RMB in the previous period, highlighting a shift in investment strategy[43] Shareholder Information - The number of shareholders totaled 132,910, with the largest shareholder, Shanghai Aerospace Industry (Group) Co., Ltd., holding 31.86% of shares[12] - The total equity attributable to shareholders increased to CNY 4,482,877,655.49 from CNY 4,452,347,326.02, reflecting a growth of approximately 0.7%[30] Operational Efficiency - The company reported a decrease in accounts receivable turnover, with accounts receivable amounting to CNY 1,510,759,587.47, a 43.78% increase from the previous period[15] - The company's gross profit margin improved, with operating costs rising to ¥899,904,587.61, reflecting a 202.01% increase from ¥297,966,943.37, in line with the revenue growth[16] - Financial expenses decreased by 46.00% to ¥16,626,692.96 from ¥30,787,838.66, mainly due to a significant reduction in foreign exchange losses[16] - The company’s sales expenses for Q1 2014 were CNY 38,931,196.77, significantly higher than CNY 12,837,427.46 in the previous year, indicating an increase of about 203.0%[33] Government Support - The company received government subsidies totaling CNY 2,656,391.50, primarily for research funding and financial support[10]