浙江龙盛(600352) - 2014 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders surged by 204.80% to CNY 702.32 million year-on-year[13] - Operating revenue rose by 11.72% to CNY 4.13 billion compared to the same period last year[13] - Basic earnings per share increased by 193.75% to CNY 0.4609[13] - Operating profit for the same period was CNY 937,103,434.62, significantly up from CNY 316,308,826.21, marking a growth of 195.5%[30] - The total comprehensive income for Q1 2014 was CNY 714,928,013.97, compared to CNY 198,929,504.06 in the same period last year, an increase of 259.5%[30] Assets and Liabilities - Total assets increased by 8.43% to CNY 20.57 billion compared to the end of the previous year[13] - Total assets as of March 31, 2014, were 20,573,935,526.27 RMB, up from 18,974,639,920.71 RMB at the beginning of the year[24] - Current assets increased to 12,257,817,409.59 RMB from 10,971,804,589.99 RMB at the beginning of the year, with significant increases in accounts receivable and inventory[23] - Total liabilities rose to 9,821,634,145.35 RMB from 9,032,329,194.45 RMB, reflecting an increase in both current and non-current liabilities[24] - The total liabilities decreased to CNY 2,940,841,310.59 from CNY 4,658,029,028.77, a decline of 37.0%[27] Cash Flow - Cash flow from operating activities increased by 10.94% to CNY 246.86 million[13] - The net cash flow from operating activities was CNY 246,857,283.63, up from CNY 222,519,387.31, reflecting a growth of 10.9%[35] - The net cash flow from investing activities was negative at CNY -561,652,783.15, worsening from CNY -394,562,600.34 in the previous period[36] - The net cash flow from financing activities increased by 903.95% to 198,073,131.90 RMB, mainly due to an increase in long-term borrowings by 177 million RMB[19] - The cash inflow from financing activities totaled CNY 2,215,777,831.96, compared to CNY 1,490,426,118.00, marking a significant increase of 48.8%[36] Accounts Receivable and Inventory - Accounts receivable grew by 67.08% to CNY 3.28 billion due to expanded dye sales[18] - The company reported a significant increase in accounts receivable, which rose to 3,275,784,943.30 RMB from 1,960,662,766.95 RMB[23] - The company’s inventory increased to CNY 42,064,969.51 from CNY 34,210,859.59, an increase of 22.6%[27] Future Expectations - The company expects a net profit attributable to shareholders for the first half of 2014 to increase by 180%-220% compared to the same period last year, driven by rising prices and sales volumes of dye products[20]