CYTS(SH:600138)2014-04-29 16:00Financial Performance - The company achieved operating revenue of RMB 2.18 billion in Q1 2014, representing a year-on-year growth of 12.13%[12] - Net profit attributable to shareholders reached RMB 65.37 million, an increase of 10.03% compared to the same period last year[12] - The net profit excluding non-recurring gains and losses surged by 51.39% year-on-year, amounting to RMB 56.73 million[12] - Total revenue for the period reached CNY 2,177,552,535.20, an increase of 12.1% compared to CNY 1,941,983,181.23 in the previous period[28] - Net profit for the period was CNY 80,676,649.72, a decrease of 12.7% from CNY 92,361,451.00 in the prior period[28] - Earnings per share (EPS) increased to CNY 0.1574 from CNY 0.1430, representing a growth of 21.1%[28] - The net profit for the current period is CNY 13,540,582.28, down 24.1% from CNY 17,849,108.89 in the previous period[30] - Basic and diluted earnings per share are both CNY 0.03, a decrease from CNY 0.04 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were RMB 8.29 billion, a slight increase of 0.34% from the end of the previous year[9] - The company's equity attributable to shareholders was RMB 2.99 billion, up 2.14% from the previous year-end[9] - Total liabilities decreased to CNY 4,158,639,693.29 from CNY 4,211,358,854.36, a reduction of 1.3%[23] - Current liabilities totaled CNY 3,721,472,454.67, down from CNY 3,860,652,211.70, indicating a decline of 3.6%[23] - Non-current liabilities increased to CNY 437,167,238.62 from CNY 350,706,642.66, reflecting a rise of 24.7%[23] - Total equity attributable to shareholders rose to CNY 2,989,533,134.09 from CNY 2,926,815,551.30, an increase of 2.1%[23] - Cash and cash equivalents decreased to CNY 82,012,809.01 from CNY 175,482,859.07, a decline of 53.3%[25] - Total assets decreased to CNY 3,833,387,024.10 from CNY 4,078,990,201.54, a reduction of 6.0%[26] Cash Flow - The cash flow from operating activities showed a negative net amount of RMB 49.32 million, contrasting with a positive RMB 111.30 million in the same period last year[9] - The net operating cash flow was -49,320,950.12 yuan, a significant decrease from 111,296,367.19 yuan in the previous year, primarily due to concentrated funding for large projects[16] - The net cash flow from operating activities is negative CNY 49,320,950.12, compared to positive CNY 111,296,367.19 in the previous period[32] - Cash inflow from operating activities totaled CNY 2,089,967,207.96, up from CNY 1,993,915,741.66 in the previous period[32] - Cash outflow from operating activities increased to CNY 2,139,288,158.08 from CNY 1,882,619,374.47 in the previous period[32] - The net cash flow from investing activities is negative CNY 130,642,707.87, compared to negative CNY 317,549,904.79 in the previous period[33] - Cash inflow from financing activities is CNY 271,886,925.68, down from CNY 292,601,725.05 in the previous period[33] - The ending balance of cash and cash equivalents is CNY 681,297,136.19, compared to CNY 527,662,911.03 in the previous period[33] Business Development - The company established a high-end tourism division and launched the "YaoYue" brand[13] - The online travel platform, Aoyou.com, saw nearly 100% revenue growth year-on-year, with ongoing development of new product categories[13] - The exhibition company reported a revenue increase of 25% year-on-year, driven by the integration of marketing services and new large-scale projects[13] - The company was recognized with five awards at the "2013 China Tourism Evaluation - Beijing List," highlighting its brand value and influence[12] - In the first quarter, Wuzhen scenic area received 8.6% more visitors compared to the same period last year, with Xizha seeing a 22% increase in visitor numbers[14] - The average revenue per visitor increased, leading to an 18.9% year-on-year growth in operating income for the first quarter[14] - The operating income of Shanshui Hotel grew by 17% year-on-year in the first quarter[14] - The company increased its stake in Wuzhen Company from 51% to 66%[16] - The non-public offering application was approved by the China Securities Regulatory Commission on March 17, 2014, and is currently in the implementation stage[17] - The company is developing the Puyuan scenic area in collaboration with Tongxiang Puyuan Jinxiangyun Tourism Investment Co., Ltd., with the initial capital contribution already paid[17] - The company is committed to exiting the residential real estate business by December 31, 2017, to focus on tourism[20]