Adisseo(SH:600299)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 2,259,199,371.91, representing a 14.09% increase year-on-year[9] - Net profit attributable to shareholders decreased by 28.62% to CNY 545,019,795.81 compared to the end of the previous year[9] - Basic earnings per share were reported at -CNY 0.43, a decrease of 6.52% year-on-year[9] - The net loss for the current period was ¥250,177,390.15, compared to a net loss of ¥238,129,778.32 in the previous period, indicating a decline in profitability[26] - The company reported a basic and diluted earnings per share of -0.43, slightly improved from -0.46 in the previous period[26] Cash Flow - Cash flow from operating activities surged to CNY 103,521,207.17, a significant increase of 1,710.38% year-on-year[9] - Cash flow from investing activities showed a net outflow of CNY 290,703,678.75, worsening by 106.40% compared to the previous year[9] - Cash flow from financing activities decreased by 82.88% to CNY 143,857,774.54 compared to the previous year[9] - Cash inflow from operating activities was ¥1,788,859,999.09, down from ¥2,321,578,041.18 in the previous period, indicating a decrease of 23%[29] - Cash inflow from operating activities totaled 483,721,636.95 RMB, down from 698,005,915.56 RMB, indicating a decline in revenue generation[33] - The net cash flow from investing activities was -420,225,907.80 RMB, a decrease from 6,680,274.98 RMB, suggesting a reduction in investment returns[34] - The ending cash and cash equivalents balance dropped to 98,662,446.83 RMB from 850,888,063.80 RMB, highlighting liquidity challenges[35] - The net increase in cash and cash equivalents was -373,289,349.34 RMB, contrasting with a positive increase of 417,423,740.86 RMB in the prior period, indicating a significant cash outflow[35] Assets and Liabilities - Total assets increased by 3.02% to CNY 20,611,523,963.02 compared to the end of the previous year[9] - The company's total assets reached ¥20,611,523,963.02, up from ¥20,007,159,140.10, indicating a stable asset base[18] - Total current assets increased to ¥7,059,487,723.65 from ¥6,467,235,281.03, indicating overall growth in liquidity[16] - Total liabilities rose to ¥19,957,301,882.34 from ¥19,106,856,990.05, reflecting increased borrowing and operational financing needs[18] - Current liabilities rose to ¥12,290,886,711.16, compared to ¥11,894,805,389.62, marking an increase of 3.3%[22] - The total liabilities increased to ¥15,428,191,668.90, up from ¥15,032,438,712.55, representing a growth of 2.6%[22] Shareholder Information - The total number of shareholders reached 28,955 as of the report date[11] - The largest shareholder, China BlueStar (Group) Co., Ltd., holds 53.96% of the shares, totaling 282,045,298 shares[11] Accounts and Inventory - Accounts receivable decreased by 32.74% to ¥484,627,376.93 from ¥720,511,380.82 due to the expiration and endorsement of notes[12] - Prepayments increased by 31.37% to ¥1,117,660,630.47 from ¥850,804,433.70, attributed to the expansion of trade business[12] - Accounts receivable increased to ¥467,507,261.45 from ¥375,037,880.79, reflecting a growth of 24.6%[21] - Inventory levels rose to ¥767,160,381.35, compared to ¥729,069,887.69, an increase of 5.2%[21] Financial Expenses - Financial expenses rose by 65.67% to ¥155,772,700.43 from ¥94,025,278.49, mainly due to increased loan balances and the capitalization of interest ceasing for major projects[12]