Sytech(SH:600183)2015-04-29 16:00Financial Performance - Operating revenue rose by 5.68% to CNY 1,797,732,885.66 from CNY 1,701,033,432.32 in the same period last year[6] - Net profit attributable to shareholders decreased by 1.72% to CNY 116,379,531.56 compared to CNY 118,415,707.92 in the previous year[6] - Basic earnings per share decreased by 11.11% to CNY 0.08 from CNY 0.09 in the previous year[6] - Net profit for Q1 2015 was CNY 119,188,577.85, a decrease of 3.6% from CNY 123,631,456.11 in Q1 2014[24] - Earnings per share for Q1 2015 were CNY 0.08, down from CNY 0.09 in the previous year[25] - The company reported a gross profit margin of approximately 11.5% for Q1 2015, down from 12.0% in Q1 2014[24] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 145,896,408.45, compared to a negative CNY 81,926,649.57 in the same period last year[6] - The net cash flow from operating activities increased to ¥145,896,408.45 from a negative ¥81,926,649.57 in the same period last year, indicating a significant improvement in cash generation[13] - Cash inflow from operating activities was approximately ¥1.98 billion, up from ¥1.85 billion year-over-year, indicating a growth of about 6.0%[27] - Cash inflow from financing activities increased to approximately ¥980.3 million, compared to ¥757.6 million in the previous year, marking a growth of about 29.4%[28] - The company reported a net increase in cash and cash equivalents of approximately ¥35.4 million, contrasting with a decrease of ¥196.7 million in the previous year[28] Assets and Liabilities - Total assets increased by 1.74% to CNY 8,458,827,152.52 compared to the end of the previous year[6] - Total liabilities increased to ¥4,182,533,041.55 from ¥3,807,186,864.50, marking an increase of approximately 9.8%[16] - Long-term borrowings rose by 45.89% to CNY 495,870,000.00, reflecting the company's need for financing due to operational and investment requirements[12] - Total liabilities increased to CNY 2,559,241,906.78 from CNY 2,258,968,515.89, representing a rise of 13.3%[21] Shareholder Information - The number of shareholders reached 78,604, with the top three shareholders holding a combined 39.43% of the shares[10] - The company's minority interest decreased by 47.92% to ¥1,102,975.65 compared to ¥2,117,700.91 in the previous year, primarily due to a decline in profits from a subsidiary[13] Inventory and Prepayments - The company reported a significant increase in prepayments by 64.87% to CNY 10,152,303.99, attributed to increased material payments[12] - The company's inventory increased to ¥1,383,568,205.45 from ¥1,361,619,328.64, representing a rise of about 1.6%[15] Operating Expenses - The company reported an increase in operating expenses, with non-operating expenses rising to ¥1,142,170.35 from ¥499,590.91, a significant increase of 128.62%[13] - Total operating costs for Q1 2015 were CNY 1,659,414,708.19, up from CNY 1,559,341,188.54, reflecting a year-over-year increase of 6.4%[23] Government Subsidies and Investment Income - The company recognized government subsidies of CNY 3,056,782.33, which are closely related to its normal business operations[8] - The company reported an investment income of CNY 473,636.38, significantly higher than CNY 60,550.92 in the same period last year[24] Future Plans - The company plans to focus on expanding its market presence and investing in new technologies in the upcoming quarters[22]