CPEC(SH:600339)2014-04-24 16:00Financial Performance - Operating revenue decreased by 26.20% to CNY 648,564,239.19 compared to the same period last year[9] - Net profit attributable to shareholders was a loss of CNY 23,516,395.79, compared to a loss of CNY 6,174,791.12 in the previous year[9] - Net profit for Q1 2014 was a loss of CNY 27,164,965.70, compared to a loss of CNY 4,668,243.10 in Q1 2013, representing a significant increase in losses[28] - The company reported a gross margin of -4.8% in Q1 2014, compared to a gross margin of -0.6% in Q1 2013[28] Cash Flow - Cash flow from operating activities decreased by 99.71% to CNY 230,057.95 compared to the same period last year[9] - Cash flow from operating activities for Q1 2014 was CNY 230,057.95, a decrease from CNY 80,105,272.35 in the previous year[32] - The net cash flow from operating activities for Q1 2014 was ¥17,205,511.76, a decrease of 81.9% compared to ¥95,131,534.74 in the same period last year[35] - Cash inflow from operating activities was ¥385,486,038.11, a decrease of 1.6% from ¥392,719,659.87 in the previous year[35] - The cash outflow for purchasing goods and services increased to ¥251,750,402.15, up 32.3% from ¥190,121,021.15 in the same period last year[35] - The cash outflow for other operating activities rose to ¥30,055,791.98, compared to ¥19,142,314.18 in the previous year, marking a 56.9% increase[35] Assets and Liabilities - Total assets increased by 3.19% to CNY 4,018,881,658.47 compared to the end of the previous year[9] - The company's current assets totaled CNY 734,643,670.35, up from CNY 550,454,824.80, indicating a significant increase of about 33.4%[19] - The total liabilities increased to CNY 2,784,387,040.08 from CNY 2,632,872,381.87, marking an increase of about 5.8%[21] - The company's short-term borrowings rose to CNY 1,953,500,000.00 from CNY 1,806,000,000.00, reflecting an increase of approximately 8.2%[20] - The total liabilities as of the end of Q1 2014 were CNY 2,039,566,579.64, compared to CNY 1,942,616,873.90 at the end of the previous year[28] - The company's total liabilities to equity ratio stood at approximately 2.43, indicating a relatively high leverage position[21] Shareholder Information - The number of shareholders totaled 62,285, with the largest shareholder holding 22.86% of shares[13] - The total equity attributable to shareholders decreased to CNY 1,150,305,203.78 from CNY 1,173,750,344.58, a decline of approximately 2%[21] - The company's total equity decreased to CNY 1,234,058,024.59 in Q1 2014 from CNY 1,251,912,033.54 in the same period last year[28] Investment and Impairment - Asset impairment losses rose by 118.31% to CNY 24,175,216.34, primarily due to increased inventory write-downs[15] - The company reported an investment loss of CNY -398,975.45 in Q1 2014, compared to a gain of CNY 2,091,622.19 in the same period last year[28] Cash and Cash Equivalents - The company reported an increase in cash and cash equivalents by 59.99% to CNY 239,550,936.07 due to bank loans received[14] - Cash and cash equivalents rose to CNY 239,550,936.07 from CNY 149,730,730.33, representing a growth of approximately 60%[19] - The total cash and cash equivalents at the end of Q1 2014 were ¥196,519,936.07, slightly down from ¥197,140,616.65 year-over-year[33] - The net increase in cash and cash equivalents for Q1 2014 was ¥79,389,205.74, compared to a decrease of -¥16,469,763.14 in the same period last year[33]