CCS(SH:600180)2015-04-23 16:00Financial Performance - Operating revenue for the period was CNY 1,788,826,141.06, representing a 9.06% increase year-on-year[6] - Net profit attributable to shareholders decreased by 10.97% to CNY 70,806,630.21 compared to the same period last year[6] - Basic earnings per share decreased by 7.46% to CNY 0.1178, while diluted earnings per share increased by 29.58% to CNY 0.1174[6] - The weighted average return on equity decreased by 1.48 percentage points to 4.68%[6] - Total revenue for Q1 2015 was CNY 1,788,826,141.06, an increase of 9.0% compared to CNY 1,640,297,084.39 in the same period last year[23] - Net profit for Q1 2015 was 103,345,310.71 CNY, down from 111,009,072.69 CNY in the same period last year, representing a decrease of about 6.0%[24] - The total profit for Q1 2015 was 122,446,805.77 CNY, compared to 128,646,165.92 CNY in the previous year, indicating a decline of approximately 4.5%[24] - Basic earnings per share for Q1 2015 were 0.1178 CNY, down from 0.1273 CNY in the previous year, a decrease of about 3.9%[25] - The total comprehensive income for Q1 2015 was 101,943,720.30 CNY, compared to 111,007,670.82 CNY in the previous year, reflecting a decrease of about 8.2%[25] Cash Flow - Cash flow from operating activities showed a significant decline of 573.97%, resulting in a net cash outflow of CNY -454,557,175.79[6] - Cash received from operating activities surged by 36782.63% to ¥710,848,899.52, reflecting increased receivables[13] - Cash paid for operating activities rose by 123.88% to ¥1,408,523,246, due to increased factoring payments[13] - Cash flow from operating activities was 2,412,119,455.25 CNY, a decrease from 2,812,242,085.48 CNY in the previous year, reflecting a decline of approximately 14.2%[29] - Total cash outflow from operating activities was ¥3,577,525,530.56, compared to ¥2,718,264,458.45 previously, representing an increase of about 32%[30] - Cash received from other operating activities was ¥1,187,368,502.33, a significant increase from ¥76,793,230.45 in the prior period[32] - Net cash flow from operating activities was negative at ¥454,557,175.79, compared to a positive ¥95,904,954.32 in the prior period[30] Assets and Liabilities - Total assets increased by 12.14% to CNY 8,957,858,335.93 compared to the end of the previous year[6] - Current assets as of March 31, 2015, totaled CNY 7,939,694,112.51, compared to CNY 6,975,149,618.08 at the beginning of the year, representing a growth of 13.8%[16] - Current liabilities increased to CNY 5,911,143,591.12 from CNY 4,995,770,098.13, marking a rise of 18.3%[17] - Total liabilities amounted to CNY 6,702,135,567.16, up from CNY 5,829,713,180.38, indicating a year-over-year increase of 15.0%[18] - Shareholders' equity totaled CNY 2,255,722,768.77, compared to CNY 2,158,158,030.26 at the beginning of the year, reflecting an increase of 4.5%[18] - Cash and cash equivalents increased to CNY 1,220,731,411.45 from CNY 1,079,922,493.13, a growth of 13.0%[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,529[10] - The largest shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd., held 70.38% of the shares[11] - The company confirmed that there were no breaches of commitments by major shareholders regarding share transfer restrictions and related party transactions[15] Expenses - Sales expenses increased by 47.59% to ¥162,059,994, driven by higher import business volume[12] - Financial expenses rose by 60.02% to ¥46,338,832 due to increased borrowing[12] - The company reported a financial expense of 46,338,832.74 CNY in Q1 2015, which increased from 28,958,527.33 CNY in the previous year, marking an increase of about 60.0%[24] Other Income - Government subsidies recognized in the period amounted to CNY 7,968,003.28[8] - Non-recurring gains and losses totaled CNY 32,691,874.71 for the period[8] - Other operating income increased by 162.72% to ¥8,247,248, primarily from government subsidies[12] Stock Options - The company adjusted the stock option exercise price from ¥7.83 to ¥7.66, and the number of options granted was reduced from 15.1 million to 14.98 million[14] - The second phase of the stock incentive plan unlocked 930,000 shares, representing 0.11% of the total share capital[14]