GWE(SH:600192)2014-04-18 16:00Financial Performance - Net profit attributable to shareholders increased by 41.01% to CNY 26,931,000.44 compared to the same period last year[12]. - Operating income rose by 3.80% to CNY 503,092,325.39 compared to the previous year[12]. - Total profit increased by 34.75% to ¥31,967,061.90 driven by increased revenue and scale benefits[17]. - Net profit after deducting non-recurring gains and losses increased by 66.63% to CNY 18,870,773.61 compared to the same period last year[12]. - Net profit for Q1 2014 reached CNY 27,604,491.57, up 39.0% from CNY 19,826,626.39 in Q1 2013[30]. - The net profit for the current period is a loss of ¥1,761,650.18, compared to a loss of ¥2,277,866.10 in the previous period, indicating an improvement[32]. Cash Flow - Net cash flow from operating activities surged by 162.87% to CNY 36,159,788.21 compared to the same period last year[12]. - Net cash flow from operating activities increased by 162.87% to ¥36,159,788.21 due to a reduction in cash expenditures from increased notes payable[17]. - The cash flow from operating activities for the parent company is ¥16,860,986.93, an increase of 121% from ¥7,607,292.19 in the previous period[36]. - The total cash and cash equivalents at the end of the period is ¥252,099,880.18, up from ¥112,858,172.56 in the previous period[34]. - The company reported a cash flow from investment activities of -¥11,107,212.74, an improvement from -¥39,718,818.18 in the previous period[34]. Assets and Liabilities - Total assets increased by 0.49% to CNY 3,822,054,216.49 compared to the end of the previous year[11]. - The company's total assets as of March 31, 2014, were CNY 1,815,794,225.53, slightly down from CNY 1,819,429,406.43 at the beginning of the year[26]. - Total liabilities decreased to CNY 380,655,571.42 from CNY 382,529,102.14 at the start of the year, reflecting a reduction of 0.5%[28]. - The company's equity totaled CNY 1,435,138,654.11, a minor decrease from CNY 1,436,900,304.29 at the beginning of the year[28]. - Accounts receivable decreased by 54.97% to ¥24,019,610.90 due to an increase in the volume of notes payable in procurement expenditures[17]. Shareholder Information - The number of shareholders reached 40,645 at the end of the reporting period[15]. - The largest shareholder, Gansu Changcheng Electric Group Co., Ltd., holds 34.35% of the shares[15]. Earnings Per Share - Basic earnings per share increased by 9.12% to CNY 0.0610 compared to the previous year[12]. - Basic earnings per share for Q1 2014 were CNY 0.0610, compared to CNY 0.0559 in Q1 2013, representing an increase of 2.9%[30]. Operating Costs and Revenue - The total operating costs for Q1 2014 were CNY 480,510,248.01, an increase of 2.4% from CNY 470,393,624.93 in the previous year[30]. - Total operating revenue for Q1 2014 was CNY 503,092,325.39, an increase of 3.0% compared to CNY 484,656,993.80 in the same period last year[30]. - The company’s short-term borrowings decreased to CNY 100,000,000.00 from CNY 140,000,000.00, a reduction of 28.6%[28]. Government Subsidies - The company reported a total of CNY 9,463,700.00 in government subsidies related to normal business operations[13]. Employee Compensation - The company reported a 102.47% increase in employee compensation payable to ¥20,603,212.47 due to changes in sales policies and monthly performance assessments[17]. Financial Activities - The company plans to optimize resource allocation and reduce financing costs, leading to a 193.98% increase in cash flow from financing activities, which amounted to -¥98,498,675.88[17]. - The company received cash from financing activities amounting to ¥75,000,000, a decrease of 50% from ¥150,000,000 in the previous period[34]. - The cash outflow from financing activities totaled ¥173,498,675.88, down from ¥183,505,052.28 in the previous period[34].