AXNMC(SH:600255)2014-04-25 16:00Financial Performance - Operating revenue surged by 82.32% to CNY 1,210,688,219.91 from CNY 664,044,086.01 in the same period last year[9] - Net profit attributable to shareholders reached CNY 4,501,915.94, a significant recovery from a loss of CNY 1,816,727.64 in the previous year[9] - Investment income rose significantly by 155.13% to ¥29,892,687.54, driven by increased gains from the sale of Xinlong Electric shares[15] - Net profit for the current period was ¥5,397,015.27, compared to a net loss of ¥652,317.31 in the previous period, marking a turnaround in profitability[30] - The company reported a basic earnings per share of ¥0.01, recovering from a loss of ¥0.004 per share in the previous period[30] Asset and Liability Changes - Total assets increased by 0.63% to CNY 3,332,896,581.62 compared to the end of the previous year[9] - Total assets as of March 31, 2014, were ¥3,332,896,581.62, slightly up from ¥3,312,183,230.38 at the beginning of the year[22] - Current liabilities totaled ¥1,262,872,613.76, an increase from ¥1,225,941,175.69 at the start of the year[22] - The company’s total liabilities increased to ¥851,818,069.34 from ¥819,980,623.70, representing a growth of approximately 3.9%[26] - The company’s total equity decreased slightly to ¥2,001,253,611.01 from ¥2,003,959,123.03, a decline of about 0.1%[26] Cash Flow Analysis - Cash flow from operating activities showed a negative net amount of CNY -99,106,965.90, worsening from CNY -50,152,346.63 year-on-year[9] - Cash received from sales and services amounted to ¥1,305,244,217.97, reflecting an 81.80% increase from ¥717,960,655.29 in Q1 2013[16] - Cash inflow from operating activities totaled 375,948,960.77 RMB, down from 415,046,054.49 RMB year-over-year, reflecting a decrease of approximately 9.5%[37] - Cash flow from financing activities resulted in a net inflow of 178,670,669.55 RMB, contrasting with a net outflow of -200,029,971.41 RMB in the prior period[35] - The net increase in cash and cash equivalents was -198,776,180.68 RMB, compared to -265,682,280.54 RMB in the previous period, indicating an improvement in cash flow management[35] Shareholder Information - The number of shareholders totaled 52,965, with the top ten shareholders holding 61.88% of the shares[13] - The largest shareholder, Wuhu Hengxin Copper Industry Group Co., Ltd., holds 20.66% of the shares, amounting to 129,207,382 shares[13] Changes in Current Assets - The company reported a significant increase of 225.86% in trading financial assets due to increased floating profits from futures positions[14] - Other current assets rose by 279.81% to CNY 342,736,068.91, primarily due to increased purchases of bank wealth management products[14] - The company experienced a 61.74% decrease in notes payable, attributed to reduced payments for goods using notes[14] Operating Costs - Operating costs increased by 87.03% to ¥1,187,156,543.18 from ¥634,740,602.20 in the same period last year[15] - Total operating costs amounted to ¥1,233,213,092.28, up from ¥676,038,280.10, indicating a rise of about 82.3%[29] - Cash paid for purchasing goods and services increased by 86.75% to ¥1,357,893,795.86, up from ¥727,120,101.75 in the previous year[16]