CRT(SH:600125)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 18.99% to CNY 91,142,466.61 from CNY 112,512,643.30 year-on-year[6] - Operating revenue declined by 33.12% to CNY 688,517,736.61 compared to CNY 1,029,543,526.06 in the same period last year[6] - Operating revenue decreased by 33.12% to ¥68,851.77 million due to a reduction in railway freight and port logistics business income[13] - Net profit for Q1 2014 was ¥89,270,775.43, a decline of 21.0% compared to ¥112,880,931.27 in Q1 2013[22] - Earnings per share for Q1 2014 was ¥0.070, down from ¥0.086 in the previous year[22] Cash Flow - Net cash flow from operating activities was negative at CNY -55,991,304.44, a decrease of 203.70% compared to CNY 53,991,912.37 in the previous year[6] - Cash flow from operating activities for Q1 2014 was negative at -¥55,991,304.44, compared to a positive cash flow of ¥53,991,912.37 in Q1 2013[25] - Net cash flow from operating activities was -CNY 53,289,176.72, improving from -CNY 192,795,035.74 year-over-year[28] - The company reported a total cash inflow from operating activities of ¥765,361,014.63, slightly up from ¥763,382,089.69 in the previous year[25] - Total cash inflow from operating activities included CNY 489,829,665.75 from sales, up from CNY 438,303,347.81, marking an increase of 11.9%[28] Assets and Liabilities - Total assets increased by 1.09% to CNY 5,451,354,960.84 compared to the end of the previous year[6] - Non-current assets totaled ¥2,174,400.52 million, down from ¥2,193,293.35 million at the beginning of the year[16] - Total liabilities decreased to ¥994,065.60 million from ¥1,046,345.62 million, reflecting a reduction in current liabilities[17] - The company's total assets amounted to ¥5,451,354.96 million, slightly up from ¥5,392,533.98 million[17] - Total liabilities as of the latest report were ¥914,199,257.69, an increase from ¥778,844,624.81[20] Shareholder Information - The number of shareholders reached 97,287 at the end of the reporting period[9] - The largest shareholder, China Railway Container Transport Co., Ltd., holds 15.90% of the shares[9] Operational Metrics - Accounts receivable increased by 54.14% to CNY 24,262.15 million due to increased logistics business receivables[11] - Prepayments increased by 37.68% to CNY 14,045.74 million, indicating a rise in customer prepayments[11] - Construction in progress rose by 39.53% to CNY 7,528.03 million, primarily due to increased asset purchases[11] - Operating costs fell by 36.82% to ¥53,120.99 million, reflecting a decrease in costs associated with railway freight and port logistics[13] - The company reported a significant increase in impairment losses, rising by 141.20% to ¥554.26 million due to an increase in receivables[13] Financial Expenses - Financial expenses increased significantly by 1,069.31% to ¥535.93 million, attributed to higher interest expenses and lower interest income[13] - The company incurred financial expenses of ¥5,359,266.61 in Q1 2014, compared to a financial income of -¥552,881.36 in the same period last year[22] Investment Activities - Investment income improved by 74.98% to -¥6.12 million, indicating an increase in received investment income[13] - Cash outflow from investing activities totaled CNY 21,521,402.65, down from CNY 31,414,576.38 in the previous year, indicating a reduction of 31.6%[28] - The company reported a net cash flow from investing activities of -CNY 18,832,102.94, an improvement from -CNY 26,992,276.38 year-over-year[28] Other Income - Other income rose by 33.46% to ¥300.85 million, driven by gains from equity investments in Shanghai Tieyang Company[13]