JIANGSU HOLLY(SH:600128)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 833,513,577.43, representing a 10.66% increase year-on-year[12] - Net profit attributable to shareholders increased by 57.59% to CNY 3,348,064.39 compared to the same period last year[12] - Basic earnings per share rose by 58.14% to CNY 0.0136 per share[12] - The company reported a significant increase in net profit excluding non-recurring gains and losses, reaching CNY 2,382,502.63, compared to a loss of CNY 2,206,886.56 in the previous year[12] - Net profit for Q1 2014 was CNY 4,285,887.16, up from CNY 2,733,850.64 in the same period last year, reflecting a growth of approximately 56.6%[36] - Operating revenue for Q1 2014 reached CNY 833,513,577.43, compared to CNY 753,213,821.58 in Q1 2013, indicating an increase of about 10.7%[36] - The company reported a basic earnings per share of CNY 0.0136, up from CNY 0.0086 year-over-year, representing a growth of 58.1%[36] Assets and Liabilities - Total assets increased by 10.82% to CNY 3,088,199,103.01 compared to the end of the previous year[12] - Total assets increased to ¥3,088,199,103.01, up from ¥2,786,611,067.08 at the beginning of the year[25] - Total liabilities rose to ¥1,558,409,312.45, compared to ¥1,260,989,574.09 at the start of the year[28] - Total liabilities rose to CNY 820,779,140.29 from CNY 616,103,785.26, marking an increase of about 33.2%[34] - The company’s total equity increased to CNY 1,427,576,389.97 from CNY 1,423,393,054.53, a slight increase of about 0.3%[34] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 191,303,540.97, down 1,872.27% year-on-year[12] - The net cash flow from operating activities for the first quarter of 2014 was -191,303,540.97 RMB, a significant decline compared to 10,794,250.25 RMB in the same period last year[42] - Total cash inflow from operating activities was 878,096,767.61 RMB, down from 899,817,737.20 RMB year-over-year, reflecting a decrease of approximately 2.0%[42] - Cash outflow from operating activities increased to 1,069,400,308.58 RMB, compared to 889,023,486.95 RMB in the previous year, marking an increase of about 20.3%[42] - The net cash flow from financing activities decreased by 39.28% to ¥48,870,830.13 compared to the previous year[21] - The net cash flow from financing activities was 48,870,830.13 RMB, down from 80,485,538.99 RMB in the previous year, indicating a decrease of about 39.2%[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,036[17] - The largest shareholder, Jiangsu Hongye International Group Co., Ltd., holds 24.02% of the shares[17] Other Financial Metrics - The weighted average return on net assets improved to 23.56%, an increase of 8.02 percentage points compared to the previous year[12] - Investment income dropped by 70.21% to ¥1,675,928.48, mainly due to reduced gains from the disposal of available-for-sale financial assets[21] - Accounts receivable increased by 30.73% to ¥355,874,132.18 compared to the beginning of the year, driven by increased trade scale[21] - Prepayments rose by 32.49% to ¥631,974,412.80, reflecting the growth in trade activities[21] - Short-term borrowings increased by 45.26% to ¥561,885,139.28, indicating a rise in financing scale due to expanded trade[21] - Other current assets increased by 40.43% to ¥140,634,262.51, mainly due to the increase in the fair value of gold under the subsidiary's cooperation business[21] - Cash and cash equivalents increased to CNY 346,732,018.53 from CNY 305,047,858.72, a rise of about 13.7%[31] - Inventory decreased significantly to CNY 8,965,526.92 from CNY 33,537,444.81, a decline of about 73.3%[31]