CC GAS(SH:600333)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders was ¥1,316,883.83, representing a significant decrease of 86.61% year-on-year[10] - Operating revenue for the period was ¥458,884,986.19, down 5.99% from the same period last year[10] - The weighted average return on net assets decreased by 0.63 percentage points to 0.07%[10] - The company reported a net profit guidance indicating no significant changes compared to the previous year[19] - Total operating revenue for Q1 2014 was CNY 458.88 million, a decrease of 6.0% from CNY 488.12 million in the same period last year[29] - Net profit for Q1 2014 was CNY 1.21 million, a decline of 81.8% compared to CNY 6.65 million in Q1 2013[30] - Earnings per share for Q1 2014 were CNY 0.002, down from CNY 0.02 in the previous year[30] Cash Flow - The net cash flow from operating activities was -¥46,146,423.20, a decline of 308.30% compared to the previous year[10] - Cash flow from operating activities showed a net outflow of CNY 46.15 million, compared to a net inflow of CNY 22.15 million in Q1 2013[35] - The net cash flow from operating activities for Q1 2014 was -29,529,906.57 RMB, a decrease from 41,634,714.71 RMB in the same period last year[38] - Total cash inflow from financing activities was 50,000,000.00 RMB, down from 565,174,850.00 RMB in the previous year[39] - The company’s cash flow from financing activities resulted in a net outflow of -58,361,166.67 RMB, compared to a net inflow of 411,533,051.67 RMB in the previous year[39] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,752,378,858.34, a slight increase of 0.12% compared to the previous year[9] - Current assets decreased to CNY 1.04 billion from CNY 1.09 billion at the beginning of the year, primarily due to a reduction in cash and cash equivalents[21] - Total liabilities stood at CNY 1.82 billion, slightly up from CNY 1.82 billion at the beginning of the year[23] - The company reported a total liability of CNY 1.66 billion, a decrease from CNY 1.72 billion year-over-year[30] - The company's equity attributable to shareholders increased to CNY 1.89 billion from CNY 1.89 billion, showing a marginal growth[23] Shareholder Information - The number of shareholders totaled 62,894 at the end of the reporting period[12] - The largest shareholder, Changchun Gas Holdings Co., Ltd., holds 52.57% of the shares, totaling 278,400,000 shares[13] - The controlling shareholder, Changchun Gas Holdings Co., Ltd., has committed to extend the lock-up period for 24.48 million shares until October 2014, following the completion of the share reform in October 2011[18] - In 2013, the company issued 68.1 million shares, with the controlling shareholder subscribing to 33.6 million shares, committing not to sell or transfer these shares for three years until March 2016[18] Investment Activities - Investment activities resulted in a net cash outflow of CNY 65.95 million, compared to CNY 82.51 million in the same period last year[35] - The company incurred a net cash outflow from investing activities of 58,674,249.52 RMB, compared to a net outflow of 70,143,660.80 RMB in the previous year[39] - Investment income for Q1 2014 was CNY 9.98 million, an increase from CNY 6.13 million in the same period last year[30] Asset Impairment - The company reported a 376.69% increase in asset impairment losses, primarily due to provisions for bad debts[16] - The company experienced a significant increase in asset impairment losses, which rose to CNY 11.55 million from CNY 2.42 million in the previous year[30] Operational Costs - Total operating costs decreased to CNY 464.41 million, down 7.5% from CNY 502.11 million year-over-year[29] - Cash outflow for purchasing goods and services was 345,985,657.43 RMB, slightly down from 369,399,736.95 RMB in the same period last year[38]