TFE(SH:600237)2014-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -2,737,641.45, a significant decrease from CNY 20,533,427.15 in the same period last year[10] - Operating revenue decreased by 2.55% to CNY 163,088,482.88 compared to the same period last year[10] - The company's operating revenue for Q1 2014 was CNY 139,175,095.47, an increase of 23.6% compared to CNY 112,606,627.01 in the same period last year[31] - The net profit for Q1 2014 was a loss of CNY 1,890,867.23, compared to a profit of CNY 21,005,055.20 in Q1 2013, indicating a significant decline[32] - The basic and diluted earnings per share for Q1 2014 were both -0.00485, compared to 0.03638 in the previous year[32] Cash Flow - Cash flow from operating activities decreased by 16.46% to CNY 18,012,133.22 compared to the same period last year[10] - The net cash flow from operating activities for Q1 2014 was CNY 18,012,133.22, down from CNY 21,561,199.02 in Q1 2013[35] - The cash inflow from operating activities totaled CNY 276,824,260.81 in Q1 2014, compared to CNY 262,274,466.83 in Q1 2013, showing a growth of 5.5%[34] - The net cash flow from operating activities was 21,955,013.61 CNY, a significant improvement compared to -17,230,903.19 CNY in the previous year[37] - Total cash outflow from operating activities amounted to 161,451,476.59 CNY, up from 152,051,990.33 CNY year-over-year[37] Assets and Liabilities - Total assets increased by 11.82% to CNY 2,279,843,136.91 compared to the end of the previous year[10] - Total liabilities increased to CNY 729,148,640.62 from CNY 484,014,476.90, reflecting a rise of about 50.7%[23] - Current liabilities rose to CNY 694,437,709.46 from CNY 447,801,043.23, an increase of approximately 55.0%[23] - Current assets rose to CNY 1,392,232,215.57, up from CNY 1,165,436,751.27, indicating an increase of about 19.5%[22] - Non-current assets totaled CNY 887,610,921.34, slightly up from CNY 873,463,089.14, indicating a growth of approximately 1.6%[22] Shareholder Information - The number of shareholders totaled 57,869, with the largest shareholder holding 16.76% of shares[13] Receivables and Payables - Accounts receivable increased by 31.94% to CNY 250,717,219.85, mainly due to outstanding payments[15][18] - Other receivables increased by 38.44% to CNY 12,637,672.16, primarily due to unsettled transactions[15][18] Operating Costs - Total operating costs increased to CNY 169,675,008.19 from CNY 168,892,243.33, a rise of approximately 0.5%[28] - The total operating expenses for Q1 2014 were CNY 129,341,642.33, up from CNY 98,759,997.66 in the same period last year, reflecting a 30.9% increase[31] Cash and Cash Equivalents - Cash and cash equivalents increased by 45.30% to CNY 716,506,247.76 due to new bank loans received[15][16] - The total cash and cash equivalents at the end of Q1 2014 were CNY 654,102,347.25, compared to CNY 847,861,917.88 at the end of Q1 2013[35] - The ending balance of cash and cash equivalents was 598,450,809.48 CNY, compared to 741,426,719.03 CNY at the end of the previous year[37] Borrowings and Financial Expenses - Short-term borrowings increased by 84.12% to CNY 529,500,000.00, primarily due to increased bank loans[15][17] - The company incurred financial expenses of CNY 6,932,460.39 in Q1 2014, a decrease from CNY 7,350,856.02 in Q1 2013[31] - The company received 367,000,000.00 CNY in cash from borrowings, an increase from 210,000,000.00 CNY year-over-year[37] - The cash paid for debt repayment was 140,000,000.00 CNY, down from 236,000,000.00 CNY in the previous year[37]