Routon(SH:600355)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -4,654,715.95, a significant improvement from CNY -23,094,749.01 in the same period last year[9] - Operating revenue increased by 103.66% to CNY 103,237,808.53, driven by substantial growth in controlled products and electronic communication products[15] - Operating costs rose by 80.47% to CNY 76,808,685.74, reflecting the increase in operating revenue[15] - The weighted average return on net assets was -1.14%, an improvement from -5.05% in the previous year[9] - The company's basic earnings per share was CNY -0.02, an improvement from CNY -0.09 in the same period last year[9] - The net loss for Q1 2014 was CNY 4,654,715.95, compared to a net loss of CNY 23,094,749.01 in Q1 2013, showing an improvement of 79.8%[26] - The company reported an operating profit of -CNY 4,823,406.40 for Q1 2014, compared to -CNY 24,580,535.40 in Q1 2013, indicating a significant reduction in losses[26] Cash Flow - Cash flow from operating activities was CNY -21,375,346.99, compared to CNY -23,114,313.43 in the same period last year[9] - The net cash flow from operating activities was -¥21,375,346.99, slightly improved from -¥23,114,313.43 in the previous period[30] - Total cash outflow from operating activities amounted to ¥150,922,855.06, compared to ¥91,241,353.98 in the prior period, indicating a rise of about 65.5%[30] - The cash flow from operating activities showed a net outflow of -¥17,660,284.90, an improvement from -¥25,307,347.26 in the previous period[34] Assets and Liabilities - Total assets decreased by 5.65% to CNY 542,688,550.78 compared to the end of the previous year[9] - Total current assets decreased from 390,473,088.21 CNY at the beginning of the year to 359,765,584.25 CNY, a reduction of approximately 7.93%[20] - Total liabilities decreased from 163,762,668.48 CNY to 135,934,627.70 CNY, a reduction of about 17.00%[21] - The company's total assets decreased from 575,171,307.51 CNY to 542,688,550.78 CNY, a decline of approximately 5.64%[21] - The company's retained earnings showed a negative balance of -206,581,369.95 CNY, compared to -201,926,654.00 CNY at the beginning of the year[21] - The company's total assets decreased to CNY 473,783,911.95 as of March 31, 2014, down from CNY 518,859,023.78 at the beginning of the year, a decline of 8.7%[23] - The total liabilities decreased to CNY 58,558,270.02 from CNY 97,745,442.94, a reduction of 40.1%[23] - The company's equity totaled CNY 415,225,641.93, slightly down from CNY 421,113,580.84, a decrease of 1.9%[23] Investments and Financing - The company reported a significant decrease in long-term equity investments by 37.32% to CNY 3,928,145.25 due to losses from associated enterprises[14] - Government subsidies recognized in the period amounted to CNY 267,800.80, contributing to the financial results[10] - The net cash flow from investment activities decreased by 104.69% to -2,826,527.38 CNY compared to the same period last year, primarily due to the recovery of cash from financial investments in the previous year[16] - The net cash flow from financing activities increased by 100% to 4,370,354.94 CNY, mainly due to increased borrowings by the wholly-owned subsidiary Hubei Jinglun Technology Co., Ltd.[16] - Cash inflow from financing activities was ¥5,000,000.00, with cash outflow totaling ¥629,645.06, resulting in a net cash flow of ¥4,370,354.94[31] Shareholder Information - The number of shareholders reached 20,424, with the top ten shareholders holding a combined 47.88% of shares[11] - The company plans to implement a stock incentive plan for senior management and key personnel after the completion of the share reform plan[18] Inventory and Receivables - Accounts receivable increased to 117,527,859.15 CNY from 112,331,526.75 CNY, reflecting a growth of about 4.43%[20] - Inventory decreased from 174,193,696.70 CNY to 156,740,114.98 CNY, a decline of approximately 10.00%[20]