CAHIC(SH:600195)2014-04-29 16:00Financial Performance - Operating revenue rose by 7.40% to CNY 777,257,439.62 year-on-year[8] - Net profit attributable to shareholders decreased by 14.86% to CNY 106,655,200.93 compared to the same period last year[8] - Basic and diluted earnings per share fell by 22.73% to CNY 0.2482[8] - The company reported a net profit margin improvement, with net profit for the period reflecting operational efficiency despite rising costs[26] - The net profit for Q1 2014 was CNY 112,174,519.62, down 18.5% from CNY 137,523,955.49 in Q1 2013[27] - The total comprehensive income for Q1 2014 was CNY 112,250,449.97, down from CNY 137,620,716.29 in the previous year, a decrease of 18.5%[27] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -265,747,595.02, compared to CNY -145,753,151.76 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY -265,747,595.02 in Q1 2014, worsening from CNY -145,753,151.76 in Q1 2013[31] - The net cash flow from investment activities was -124,165,668.08 CNY, compared to -30,520,939.34 CNY in the previous year, reflecting a decline of approximately 307.5%[35] - The net increase in cash and cash equivalents was -356,915,376.37 CNY, compared to -158,145,838.90 CNY in the previous year, indicating a worsening cash position[35] - Cash and cash equivalents decreased by 42.71% from CNY 954,124,902.23 to CNY 546,599,839.94 due to increased operational expenditures[13] Assets and Liabilities - Total assets increased by 14.44% to CNY 4,250,427,551.54 compared to the end of the previous year[8] - Total liabilities increased to CNY 1,224,884,962.30 from CNY 877,214,682.21, representing a rise of 39.52%[22] - Accounts receivable increased by 82.60% from CNY 404,427,977.57 to CNY 738,467,841.55, indicating outstanding payments not yet settled[13] - The company reported a significant increase in accounts payable by 49.94% from CNY 169,501,763.55 to CNY 254,143,885.63, indicating pending payments for purchases[13] - Tax payable increased by 324.25% from CNY 7,852,662.73 to CNY 33,314,603.65, reflecting accrued taxes not yet due for payment[13] Shareholder Information - The total number of shareholders reached 30,911 at the end of the reporting period[10] - The largest shareholder, China Animal Husbandry Group, holds 53.05% of the shares, totaling 228,000,000 shares[10] Investment and Expenses - Investment income increased by 116.17% from CNY 5,615,187.13 to CNY 12,138,606.86, reflecting improved operational conditions of the associated subsidiary[13] - Financial expenses increased significantly by 458.66% from a negative CNY 467,581.91 to CNY 1,677,051.78 due to higher interest expenses from increased borrowings[13] - The company incurred financial expenses of CNY 1,677,051.78 in Q1 2014, compared to a financial income of CNY -467,581.91 in the same period last year[27] - Payments to employees and for employee benefits totaled 71,868,110.27 CNY, an increase from 46,144,405.07 CNY in the previous year[35] - The company reported a total cash outflow from investment activities of 124,171,588.08 CNY, significantly higher than 36,420,939.34 CNY in the previous year, indicating increased investment expenditures[35] Operational Costs - Total operating costs for Q1 2014 amounted to CNY 657,615,650.57, up from CNY 563,261,954.09 in the previous year, reflecting a year-on-year increase of 16.75%[26] - The total operating costs increased to CNY 504,168,714.52 in Q1 2014, up 14.6% from CNY 440,124,972.65 in Q1 2013[27] - The company's sales expenses increased to CNY 83,766,528.80 in Q1 2014, up 24.4% from CNY 67,352,543.48 in Q1 2013[27]