QCEC(SH:600218)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter rose by 2.38% to CNY 893,931,381.01 year-on-year[10] - Net profit attributable to shareholders surged by 173.63% to CNY 21,375,817.96 compared to the same period last year[10] - The net profit after deducting non-recurring gains and losses increased by 218.91% to CNY 19,298,533.59 year-on-year[10] - Basic earnings per share rose by 173.19% to CNY 0.0754 per share[10] - Net profit for the first quarter reached CNY 21,534,828.51, a significant increase from CNY 6,779,082.84 year-on-year[26] - Earnings per share (EPS) for the first quarter was CNY 0.0754, compared to CNY 0.0276 in the previous year[26] Asset and Liability Changes - Total assets increased by 7.80% to CNY 2,717,542,412.55 compared to the end of the previous year[10] - The company's total assets reached ¥2,717,542,412.55, up from ¥2,521,078,801.12 at the beginning of the year[19] - Total liabilities increased to ¥1,570,890,353.64 from ¥1,397,471,149.20, reflecting a rise in short-term borrowings[20] - Total liabilities increased to CNY 1,160,166,564.39 from CNY 996,130,961.51, reflecting a rise in current liabilities[24] - Current assets totaled CNY 1,185,779,828.30, an increase from CNY 996,826,648.18 at the start of the year[24] Cash Flow Analysis - Cash flow from operating activities showed a significant decline of 151.86%, resulting in a net outflow of CNY 35,089,666.88[10] - The net cash flow from operating activities decreased by 151.86%, resulting in a net outflow of ¥35,089,666.88[15] - Operating cash inflow decreased to CNY 266.99 million from CNY 308.62 million, a decline of approximately 13.5%[30] - Net cash flow from operating activities turned negative at CNY -35.09 million compared to a positive CNY 67.66 million in the previous period[30] - Cash outflow from operating activities increased to CNY 302.08 million from CNY 240.96 million, an increase of about 25.3%[30] - Net cash flow from investing activities improved by 72.74%, with a net outflow of ¥11,047,620.81[15] - Investment cash inflow significantly decreased to CNY 0.33 million from CNY 232.24 million, a drop of over 99%[30] - Cash inflow from financing activities rose to CNY 49.79 million from CNY 24.00 million, an increase of approximately 107.5%[30] - Net cash flow from financing activities improved to CNY 14.86 million from CNY 5.68 million[30] Shareholder Information - The total number of shareholders reached 28,067 by the end of the reporting period[12] - Anhui Quanchai Group Co., Ltd. held 44.39% of the shares, with 30,000,000 shares pledged[12] Other Financial Metrics - The weighted average return on net assets improved by 1.24 percentage points to 1.99%[10] - The company's accounts receivable increased by 79.10% to ¥774,800,476.21 compared to the previous year[15] - The company's prepayments increased by 79.54% to ¥21,402,613.12, indicating a rise in advance payments for sales[15] - The company's tax payable increased by 112.24% to ¥22,323,704.03, driven by growth in revenue and profits[15] - The company's investment income showed a significant decline of 834.60%, resulting in a loss of ¥240,326.66[15] Inventory and Cost Management - Total operating costs for the same period were CNY 870,145,285.91, slightly up from CNY 866,302,624.44, with operating costs specifically at CNY 785,516,916.74, down from CNY 800,438,842.62[26] - Inventory levels increased to CNY 326,840,117.56, compared to CNY 271,096,847.45 at the beginning of the year[24]