MIHF(SH:600337)2015-04-24 16:00Financial Performance - Operating revenue rose by 12.05% to CNY 634,203,118.65 year-on-year[8] - Net profit attributable to shareholders increased by 41.56% to CNY 41,580,217.37 compared to the same period last year[8] - Basic earnings per share increased by 20.00% to CNY 0.06 per share[8] - Total profit increased by 40.02% compared to the previous period, attributed to the termination of OEM business and an increase in sales revenue from proprietary brands[17] - Operating profit increased to RMB 44.30 million, representing a growth of 28.9% from RMB 34.37 million in Q1 2014[30] - Total operating costs rose to RMB 589.91 million, a 11.7% increase from RMB 528.26 million in Q1 2014[30] - The company achieved a gross profit margin of approximately 58.0% in Q1 2015, compared to 51.0% in Q1 2014[30] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 19,155,265.39, a 131.88% increase from the previous year[8] - The company reported a net cash flow from operating activities of RMB 19.16 million, a significant recovery from a negative cash flow of RMB 60.09 million in Q1 2014[35] - Total cash inflow from operating activities was ¥620,608,106.43, while cash outflow was ¥603,244,433.12, resulting in a positive cash flow[38] - Cash flow from investing activities was negative at -¥24,261,410.30, compared to -¥17,611,062.95 in the prior year[38] - The net cash flow from financing activities was ¥51,904,909.45, down from ¥105,977,711.10 in the previous year[38] Assets and Liabilities - Total assets increased by 2.51% to CNY 4,096,860,343.16 compared to the end of the previous year[8] - Total current assets increased to CNY 2,879,617,155.13 from CNY 2,541,750,230.27, representing a growth of approximately 13.3%[27] - Total liabilities increased to CNY 1,919,838,923.74 from CNY 1,634,126,776.58, reflecting a growth of approximately 17.5%[28] - Owner's equity totaled CNY 2,961,971,990.92, up from CNY 2,904,974,243.71, showing an increase of about 1.9%[28] - Cash and cash equivalents rose to CNY 147,559,409.66 from CNY 104,990,476.82, marking an increase of approximately 40.4%[27] Shareholder Information - The total number of shareholders reached 15,212 at the end of the reporting period[10] - The largest shareholder, Meike Investment Group Co., Ltd., holds 41.41% of the shares, with 267,719,014 shares pledged[10] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,950,000, which are closely related to its normal business operations[9] - Other income increased by 1172.22% compared to the previous period, primarily due to an increase in government subsidies received[17] Financial Expenses and Other Liabilities - Financial expenses increased by 199.87% compared to the previous period, primarily due to increased interest expenses and exchange losses[17] - Short-term borrowings increased by 76.77% compared to the beginning of the year, primarily due to an increase in working capital loans[13] - Accounts payable increased by 48.64% compared to the beginning of the year, mainly due to an increase in bank acceptance bills used for settlement[13] - Other current liabilities increased by 95.54% compared to the beginning of the year, mainly due to an increase in deferred rent due within one year[13] Stock Issuance - The company announced a non-public stock issuance plan on April 3, 2015, and is actively working with securities service institutions[21]