BIRD(SH:600130)2015-04-29 16:00Financial Performance - Operating revenue decreased by 12.92% to CNY 332,612,473.04 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 21.48% to CNY 3,368,860.50 compared to the same period last year[6] - Basic earnings per share decreased by 33.33% to CNY 0.012 compared to the same period last year[6] - Net profit for Q1 2015 was ¥8,914,886.57, a decline of 35.0% from ¥13,883,107.30 in Q1 2014[26] - Total comprehensive income for Q1 2015 was ¥8,900,347.89, down from ¥13,839,581.74 in Q1 2014, indicating a decrease of 35.7%[27] - The company reported an operating profit of ¥4,914,947.41 for Q1 2015, down 62.8% from ¥13,215,365.05 in Q1 2014[26] Assets and Liabilities - Total assets increased by 1.07% to CNY 1,213,804,819.87 compared to the end of the previous year[6] - The total liabilities increased to 306,374,565.25 RMB from 302,452,886.58 RMB at the beginning of the year, indicating a rise in financial obligations[19] - Total liabilities increased to ¥61,841,984.04 in Q1 2015 from ¥54,605,232.69 in Q1 2014, marking a rise of 13.0%[26] - The total equity attributable to shareholders increased to 907,430,254.62 RMB from 898,529,906.73 RMB, reflecting retained earnings and capital stability[19] - Total equity for Q1 2015 was ¥846,607,523.23, slightly up from ¥844,465,843.97 in the same period last year[26] Cash Flow - The company reported a net cash flow from operating activities of CNY -8,990,217.56, an improvement compared to CNY -16,119,805.90 in the previous year[6] - Operating cash inflow for the current period was CNY 421,509,458.00, an increase from CNY 389,216,569.97 in the previous period, representing a growth of approximately 8.5%[31] - Net cash flow from operating activities was negative CNY 8,990,217.56, an improvement from negative CNY 16,119,805.90 in the previous period[31] - Cash inflow from investment activities totaled CNY 165,183,589.75, up from CNY 114,079,726.80, indicating a growth of about 45%[32] - Net cash flow from investment activities was CNY 44,517,842.77, significantly higher than CNY 11,361,800.77 in the previous period, marking an increase of approximately 292%[32] - Cash outflow for purchasing fixed assets and intangible assets was CNY 665,746.98, down from CNY 2,717,926.03, a decrease of about 75%[32] - Cash and cash equivalents at the end of the period amounted to CNY 327,855,026.34, compared to CNY 427,480,372.19 at the end of the previous period, a decrease of approximately 23.3%[32] - The net increase in cash and cash equivalents for the current period was CNY 21,202,512.62, compared to a decrease of CNY 5,318,763.09 in the previous period[32] Shareholder Information - The total number of shareholders reached 48,505 at the end of the reporting period[9] - The largest shareholder, Ningbo Electronic Information Group Co., Ltd., holds 21.71% of the shares[9] Inventory and Financial Expenses - Inventory increased by 63.87% to CNY 151,734,683.48 due to increased stock preparation[12] - Financial expenses decreased significantly by 643.17% to CNY -2,552,019.87 due to exchange rate fluctuations[12] - Accounts receivable decreased to 88,759,441.28 RMB from 112,860,559.16 RMB, showing a reduction in outstanding customer payments[17] - Inventory levels increased significantly to 151,734,683.48 RMB from 92,594,438.87 RMB, indicating potential stockpiling or slower sales[17] - The company reported a decrease in income tax expenses by 57.53%, amounting to 459,189.54 RMB, attributed to a reduction in taxable income[13] Investment Income - Investment income decreased by 43.99% to CNY 4,957,783.10 due to reduced income from entrusted loans[12] - The company recorded an investment income of ¥4,957,783.10, a decrease from ¥8,852,210.76 in the previous year, reflecting a decline of 44.5%[26]