DAAE(SH:600178)2014-04-28 16:00Financial Performance - Operating revenue for Q1 2014 was CNY 174,589,260.81, representing a decline of 31.67% compared to CNY 255,496,979.51 in Q1 2013[8] - Net profit attributable to shareholders was a loss of CNY 10,887,769.39, an improvement from a loss of CNY 18,728,295.20 in the same period last year[8] - Net profit for the period was CNY -10,887,769.39, an improvement from CNY -18,728,295.20 in the previous period, representing a reduction in losses of approximately 42.5%[23] - The company reported a basic and diluted earnings per share of CNY -0.0236, improving from CNY -0.0405 in the previous period[23] Assets and Liabilities - Total assets as of March 31, 2014, were CNY 2,897,080,538.30, a slight increase of 0.03% compared to the end of the previous year[8] - Total assets increased slightly to CNY 2,897,080,538.30 from CNY 2,896,072,082.94, reflecting a growth of 0.03%[21] - Current assets decreased to CNY 1,020,368,191.20 from CNY 1,043,185,875.22, a decline of 2.18%[21] - Total liabilities rose to CNY 1,216,509,831.33 from CNY 1,204,613,606.58, an increase of 0.24%[21] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 57,767,317.33, an improvement from a net outflow of CNY 135,542,640.53 in Q1 2013[8] - Cash flow from operating activities showed a net outflow of CNY -57,767,317.33, improving from CNY -135,542,640.53 in the previous period[25] - Cash flow from investing activities had a net outflow of CNY 11,897,666.24, compared to a net outflow of CNY 16,438,212.42 in the previous year[15] - Cash flow from financing activities resulted in a net outflow of CNY 2,039,253.23, a significant decrease of 131.16% compared to a net inflow of CNY 6,545,255.00 in Q1 2013[15] Shareholder Information - The total number of shareholders as of the report date was 45,758[11] - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 54.51% of the shares, totaling 251,893,000 shares[11] Inventory and Investments - Inventory increased significantly to CNY 101,878,330.38 from CNY 73,898,885.46, a rise of 37.8%[21] - Long-term equity investments increased to CNY 1,265,001,265.92 from CNY 1,238,289,299.12, a growth of 2.16%[21] Return on Equity - The weighted average return on equity increased by 0.19 percentage points to -0.6458%[8] Cash and Cash Equivalents - Cash and cash equivalents at the end of the period decreased to CNY 182,090,141.21 from CNY 309,933,063.85, a decline of 41.1%[25]