YCIG(SH:600345)2014-04-29 16:00Financial Performance - Operating revenue increased by 99.02% to CNY 186,451,213.62 compared to the same period last year[10] - Net profit attributable to shareholders increased by 12.33% to CNY 4,920,390.11 compared to the same period last year[10] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 168.84% to CNY 3,433,365.75 compared to the same period last year[10] - Total operating revenue for the current period reached ¥186,451,213.62, a significant increase from ¥93,686,136.05 in the previous period, representing a growth of 99.3%[25] - The net profit for the current period was ¥2,023,786.21, compared to a net loss of ¥1,616,958.13 in the previous period, marking a turnaround in profitability[25] - The company reported a significant increase in sales revenue from services, totaling ¥221,609,846.00 compared to ¥186,822,952.55 in the previous period, an increase of 18.6%[29] - The company’s total comprehensive income for the current period was ¥2,023,786.21, contrasting with a comprehensive loss of ¥1,616,958.13 in the previous period[26] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -104,062,892.97, a significant increase in outflow compared to CNY -15,410,019.42 in the same period last year[10] - Net cash flow from operating activities decreased by 575.29% year-on-year, primarily due to increased cash payments for goods purchased and services received[14] - Cash flow from operating activities decreased to -31,877,050.85 RMB from -15,182,282.00 RMB, indicating a decline of approximately 109% year-over-year[33] - Total cash inflow from operating activities was 16,784,825.61 RMB, down from 31,986,340.16 RMB, a decrease of about 47%[33] - Cash paid for purchasing goods and services was 4,916,209.40 RMB, down from 13,446,895.81 RMB, a reduction of approximately 63%[33] - The net increase in cash and cash equivalents was -53,316,150.18 RMB, worsening from -26,335,182.80 RMB, indicating a decline of about 102%[35] Assets and Liabilities - Total assets decreased by 6.91% to CNY 1,843,221,838.89 compared to the end of the previous year[10] - The total liabilities decreased to ¥143,635,751.46 from ¥173,156,041.26, reflecting a reduction of 17.0%[22] - The total equity increased slightly to ¥1,138,154,229.59 from ¥1,130,259,494.90, showing a growth of 0.7%[22] - Cash and cash equivalents decreased by 36.86% to CNY 240,714,153.79 compared to the beginning of the year[13] - Accounts receivable decreased by 35.65% compared to the beginning of the year, mainly due to the maturity and acceptance of certain notes[14] Costs and Expenses - Main business costs increased by 120.02% to CNY 171,238,883.61 compared to the same period last year[13] - Operating costs increased by 120.02% year-on-year, corresponding to the increase in operating revenue[14] - Financial expenses increased by 85.08% year-on-year, mainly due to an increase in borrowings during the period[14] - Total operating costs amounted to ¥201,009,202.86, up from ¥115,644,651.40, indicating an increase of 73.5%[25] Shareholder Information - The number of shareholders at the end of the reporting period was 18,525[12] - The top ten shareholders held a total of 100% of the shares, with the largest shareholder holding 28.63%[12] - The company’s major shareholder, Fenghuo Technology, now holds 28.63% of the total share capital after the completion of the share transfer[15] Investment Activities - Net cash flow from investing activities increased by 42.61% year-on-year, mainly due to received investment income[14] - Cash inflow from investment activities increased to 6,431,680.00 RMB compared to 4,635,942.19 RMB, representing a growth of about 38.5%[34] - Cash received from investment income was 6,400,000.00 RMB, with no previous amount reported, marking a new revenue stream[34] - The cash flow from investment activities netted 6,339,743.25 RMB, an increase from 4,472,485.29 RMB, representing a growth of approximately 42%[34]