QCEC(SH:600218)2015-04-29 16:00Financial Performance - Operating revenue rose by 9.69% to CNY 959,415,940.86 from CNY 874,689,853.23 in the same period last year[6] - Net profit attributable to shareholders increased by 22.99% to CNY 23,734,979.74 compared to CNY 19,298,533.59 in the previous year[6] - Basic and diluted earnings per share increased by 12.47% to CNY 0.0848 from CNY 0.0754[6] - Net profit for Q1 2015 reached CNY 26,504,378.62, representing a 24.3% increase from CNY 21,357,393.53 in Q1 2014[29] - The company’s total comprehensive income for Q1 2015 was CNY 26,504,378.62, compared to CNY 21,357,393.53 in Q1 2014, showing a growth of 24.3%[30] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 35,401,170.51, compared to a loss of CNY 33,802,679.76 in the same period last year[6] - Cash generated from operating activities was CNY 426,026,428.30, compared to CNY 311,099,199.66 in the same period last year, reflecting a 37% increase[35] - Operating cash inflow totaled CNY 433,941,932.92, an increase from CNY 316,547,195.87 in the previous period, representing a growth of approximately 37%[36] - The total cash and cash equivalents at the end of the period reached CNY 139,067,141.90, up from CNY 76,733,523.37 at the end of the previous period[37] - The net increase in cash and cash equivalents for the period was CNY 57,920,664.25, contrasting with a decrease of CNY 30,854,191.34 in the same period last year[37] Assets and Liabilities - Total assets increased by 36.49% to CNY 3,368,169,484.27 compared to the end of the previous year[6] - Total current assets increased to ¥1,814,222,234.15 from ¥1,423,913,808.03, representing a growth of approximately 27.3%[20] - Total non-current assets reached ¥1,553,947,250.12, up from ¥1,043,846,023.84, indicating a growth of approximately 48.8%[21] - Total liabilities rose to ¥1,550,308,336.19 from ¥1,326,667,968.98, an increase of approximately 16.8%[22] - The company’s total liabilities as of Q1 2015 amounted to CNY 1,186,116,575.98, an increase from CNY 971,975,174.24 in the previous year[29] Shareholder Information - The total number of shareholders reached 22,288, with the largest shareholder holding 34.11% of the shares[10] - Owner's equity totaled CNY 1,751,096,095.32 in Q1 2015, up from CNY 1,068,492,893.42, indicating a growth of 63.8% year-over-year[29] Investments and Acquisitions - The company completed the acquisition of 50.91% equity in Anhui Quanchai Jintian Machinery Co., Ltd., which is now a wholly-owned subsidiary[11] - The company plans to use funds raised from a non-public stock issuance for projects related to low-energy, low-emission commercial vehicle diesel engines and innovation capabilities[15] - The company is in the process of acquiring all shares of Anhui Quanchai Jintian Machinery Co., Ltd. from its parent company, with necessary procedures expected to be completed by January 18, 2015[16] Other Financial Metrics - The company reported a net gain from non-operating income of CNY 2,718,102.38 for the period[9] - The company incurred sales expenses of CNY 17,684,884.62 in Q1 2015, a decrease of 15.4% from CNY 20,926,579.16 in the previous year[29] - Investment income showed a significant decline of 371.36%, resulting in a loss of ¥329,244.84 compared to a loss of ¥69,849.91 in the previous year[12]