BIRD(SH:600130)2014-08-29 16:00Financial Performance - The company achieved a sales revenue of 783.57 million RMB, an increase of 25.25% compared to the same period last year[15]. - The net profit attributable to shareholders was 29.67 million RMB, up 16.16% year-on-year[15]. - The basic earnings per share increased to 0.039 RMB, representing an 18.18% growth from the previous year[15]. - The net profit after deducting non-recurring gains and losses was 10.16 million RMB, a significant increase of 246.46% compared to the same period last year[15]. - Operating revenue for the current period reached ¥783,574,531.27, an increase of 25.25% compared to ¥625,607,165.43 in the same period last year[21]. - Operating profit increased to ¥25,550,078.70, compared to ¥15,953,265.59 in the prior period, representing a growth of 60%[58]. - The company reported a net profit of RMB 1,185.06 million for its subsidiary 宁波波导软件有限公司[35]. - The company’s net profit for the period was 29,665,670.33 RMB, compared to 25,539,003.18 RMB in the same period last year, showing growth[67]. - The net profit for the current period is RMB 11,036,544.50, compared to RMB 21,568,485.78 in the same period last year, indicating a decrease[69]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -99.30 million RMB, compared to -40.28 million RMB in the previous year[15]. - The net cash flow from operating activities was negative at -¥99,299,408.43, compared to -¥40,276,430.51 in the previous year, mainly due to increased accounts receivable from expanded sales[21]. - The total cash inflow from investment activities was 122,961,451.75 RMB, compared to 19,110,532.51 RMB in the previous year, indicating a substantial increase[65]. - The total cash balance at the end of the period was RMB 340,962,592.56, compared to RMB 432,799,160.18 at the beginning[109]. - The cash and cash equivalents at the end of the period totaled 276,707,297.64 RMB, up from 180,289,967.52 RMB year-over-year[65]. - The total cash paid for operating activities was ¥37,116,955.31, with significant expenses including research and technology fees at ¥21,740,876.13 and advertising expenses at ¥1,506,649.94[153]. Investment and Assets - The company’s total assets reached 1.10 billion RMB, a slight increase of 1.34% from the end of the previous year[15]. - The company has a total investment of RMB 70 million in bank wealth management products with a floating income of RMB 1,022,575.34[32]. - The total value of investment properties is reported at ¥160,272,502.82 after accounting for depreciation of ¥3,681,360.82 during the period[124]. - The company has a total of 58,003,682.20 in other receivables from its wholly-owned subsidiary, accounting for 53.65% of total other receivables[172]. - The company has a significant amount of entrusted loans, with ¥50,000,000 lent to Fujian Jiajing Real Estate Co., Ltd. and ¥30,000,000 to Ningbo Huadong Real Estate Development Co., Ltd.[122]. Revenue Breakdown - Domestic revenue decreased by 70.84% to ¥91,134,622.97, while overseas revenue increased by 119.18% to ¥620,807,357.31[23]. - The company’s main business income from mobile phones and accessories reached CNY 697,833,561.00, a significant increase from CNY 573,884,930.32 in the previous year[141]. - Revenue from software and technical services was CNY 14,108,419.28, down from CNY 21,927,780.97 year-on-year[141]. Expenses and Liabilities - Operating costs increased by 23.36% to ¥703,541,798.36 from ¥570,320,804.33, primarily due to the expansion of product sales[21]. - The total liabilities decreased from RMB 258,181,925.59 to RMB 243,087,829.77 during the same period[54]. - The total accounts payable decreased from 178,662,737.75 to 173,399,974.06, a decline of about 3.5%[131]. - The total employee compensation payable decreased from 23,674,498.65 to 15,469,859.53, a decrease of about 34.7%[134]. Research and Development - Research and development expenses rose by 48.65% to ¥30,462,671.88, up from ¥20,493,205.49, reflecting increased investment in R&D[21]. - Management expenses increased by 36.52% to ¥47,975,730.87, mainly due to higher R&D investments[185]. Shareholder Information - The total number of shareholders at the end of the reporting period was 70,987[48]. - The largest shareholder, Ningbo Electronic Information Group Co., Ltd., holds 21.71% of shares, totaling 166,752,000 shares[48]. - The company has a cash dividend policy that requires at least 30% of distributable profits to be distributed as cash dividends when conditions are met[36]. Risk Management - The company is actively pursuing strategies to mitigate risks associated with overdue loans and improve financial stability[164]. - The company has no significant commitments or contingent liabilities that need to be disclosed as of the balance sheet date[160][161]. Accounting Policies - The financial statements are prepared based on the principle of going concern and comply with the requirements of enterprise accounting standards[71]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[69].