SFX(SH:600370)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders was CNY 12,268,985.80, representing a 17.71% increase year-on-year[10] - Operating revenue for the period was CNY 257,875,947.26, a decrease of 19.93% compared to the same period last year[10] - Basic earnings per share rose to CNY 0.0385, reflecting a 17.74% increase compared to the previous year[10] - Net profit for Q1 2014 reached CNY 15,539,281.73, an increase of 15.4% from CNY 13,470,359.48 in Q1 2013[31] - Earnings per share for Q1 2014 were CNY 0.0385, up from CNY 0.0327 in the previous year[31] Cash Flow - Net cash flow from operating activities was CNY 71,370,886.26, a significant increase of 689.92% year-on-year[10] - The net cash flow from operating activities for the first quarter of 2014 was CNY 71,370,886.26, a significant increase from CNY 9,035,147.52 in the same period last year, representing a growth of approximately 688%[35] - Total cash inflow from operating activities was CNY 267,671,212.38, while cash outflow was CNY 196,300,326.12, resulting in a net cash inflow of CNY 71,370,886.26[35] - The company reported a cash balance of CNY 644,491,206.11 at the end of the first quarter, up from CNY 521,858,494.58 in the previous year, indicating an increase of approximately 23.4%[36] - The cash flow from investing activities showed a net outflow of CNY 652,600.00, compared to a net outflow of CNY 3,879,048.00 in the same period last year[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,525,484,265.48, a 0.35% increase compared to the end of the previous year[10] - Total assets as of March 31, 2014, amounted to CNY 1,172,661,016.65, compared to CNY 1,158,063,849.62 at the beginning of the year[28] - Total liabilities as of March 31, 2014, were CNY 97,865,217.42, an increase from CNY 87,078,587.10 at the start of the year[28] - Shareholders' equity totaled CNY 1,074,795,799.23 as of March 31, 2014, slightly up from CNY 1,070,985,262.52 at the beginning of the year[28] Receivables and Payables - Accounts receivable decreased by 37.70% to ¥98,942,817.58 from ¥158,806,843.37[22] - Other receivables decreased by 49.35% to ¥2,342,107.33 from ¥4,624,059.90[22] - Prepayments increased by 51.57% to ¥9,407,322.93 from ¥6,206,672.42[22] - Employee compensation payable decreased by 51.62% to ¥14,324,075.28 from ¥29,607,545.78[22] - Tax payable increased by 242.13% to ¥4,662,906.16 from ¥1,362,920.90[22] Operational Changes - The company reported an increase in construction in progress due to the renovation of the desulfurization and denitrification project at its subsidiary[17] - The company experienced a decrease in sales expenses, primarily due to reduced transportation costs associated with lower sales[17] - Operating income increased due to a rise in government subsidies received during the reporting period[18] - Income tax expenses decreased primarily due to an increase in deferred tax assets[18]