TDG(SH:600330)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 268,165,691.04, a 4.95% increase year-on-year[10] - Net profit attributable to shareholders was CNY 11,234,526.18, a significant turnaround from a loss of CNY 9,926,342.04 in the same period last year, representing a 213.18% increase[10] - Basic earnings per share increased by 205.88% to CNY 0.018 from a loss of CNY 0.017 in the same period last year[10] - The company expects cumulative net profit to be profitable compared to the same period last year, driven by growth in sapphire and magnetic materials businesses[19] - Net profit for Q1 2014 reached CNY 11,270,531.75, compared to a net loss of CNY 9,851,507.57 in Q1 2013, marking a significant turnaround[29] - Basic earnings per share for Q1 2014 were CNY 0.018, compared to a loss per share of CNY 0.017 in the previous year[29] Asset and Liability Changes - Total assets increased by 7.86% to CNY 2,726,016,899.43 compared to the end of the previous year[10] - Total liabilities decreased to CNY 816,855,405.83 from CNY 878,129,495.77, indicating a reduction of approximately 7%[27] - Shareholders' equity increased to CNY 1,543,629,877.66 from CNY 1,242,939,755.88, reflecting a growth of about 24.2%[27] - Cash and cash equivalents increased by 51.58% to ¥374,465,798.51 due to funds raised from a non-public stock issuance[17] - Total cash inflow from financing activities was CNY 459,013,483.45, compared to CNY 293,298,717.62 in the same period last year[34] Cash Flow Analysis - Net cash flow from operating activities improved by 48.34%, reaching -CNY 20,711,064.79 compared to -CNY 40,093,068.34 in the previous year[10] - Operating cash flow improved by 48.34% to -¥20,711,064.79, reflecting an increase in cash received related to operating activities[17] - The company reported a net cash flow from financing activities of CNY 152,049,918.69, up from CNY 37,261,587.80 in Q1 2013[34] - Cash flow from operating activities showed a net outflow of CNY -20,711,064.79, an improvement from CNY -40,093,068.34 in the previous year[33] Shareholder Information - The total number of shareholders reached 97,524 as of the report date[14] - The top shareholder, Tiantong High-tech Group Co., Ltd., holds 15.02% of shares, totaling 97,468,175 shares[14] Investment and Subsidies - The company received government subsidies totaling CNY 9,878,948.41 during the first quarter, contributing to its financial performance[12] - Investment income surged by 1,841.54% to ¥5,970,673.37, mainly from the sale of a 19.63% stake in a joint venture[17] - The company reported an investment income of CNY 5,970,673.37, a notable increase from CNY 307,522.69 in the previous year[29] Inventory and Prepayments - Accounts receivable increased by 647.51% to ¥23,768,790.98 primarily from the increase in receivables from subsidiaries[17] - Prepayments rose by 157.91% to ¥22,622,555.64, attributed to increased prepayments by the company and its subsidiaries[17] - Inventory levels increased to CNY 179,798,992.63 from CNY 148,321,365.50, indicating a rise of 21.2%[26] Capital and Issuance - The company completed a non-public issuance of up to 60 million shares during the reporting period[18] - The company’s capital reserve increased by 39.34% to ¥845,946,369.39, attributed to the premium from the non-public stock issuance[17] Impairment Losses - The company reported a 449.99% increase in asset impairment losses to ¥3,605,096.58, mainly due to increased inventory write-downs[17]