HCSC(SH:600378)2014-04-18 16:00Financial Performance - Operating revenue increased by 8.38% to CNY 145,604,472.56 for the first quarter[10] - Net profit attributable to shareholders increased by 3.57% to CNY 14,782,334.26[10] - The company's total revenue for the current period was CNY 145,604,472.56, an increase of 8.4% compared to CNY 134,348,889.43 in the previous period[24] - Net profit for the current period was ¥16,169,220.74, up 17.7% from ¥13,705,550.07 in the previous period[28] - Total profit for the current period was ¥18,483,817.68, a rise of 16.5% from ¥15,893,270.24 in the previous period[28] - Operating profit for the current period was ¥18,486,239.18, up 16.3% from ¥15,886,250.24 in the previous period[27] - Basic earnings per share rose by 4.17% to CNY 0.050[10] - Basic earnings per share increased to ¥0.054, compared to ¥0.046 in the previous period, reflecting a growth of 17.4%[28] Cash Flow - Cash flow from operating activities showed a significant decline of 619.45%, resulting in a net outflow of CNY 36,087,699.85[10] - Cash flow from operating activities showed a net outflow of ¥36,087,699.85, a decline from a net inflow of ¥6,947,327.34 in the previous period[31] - Operating cash inflow for the period was $161,700,549.68, a decrease from $175,027,097.67 in the previous period, representing a decline of approximately 7.56%[35] - Operating cash outflow totaled $201,048,529.93, up from $169,691,281.84, indicating an increase of about 18.38%[35] - Net cash flow from operating activities was -$39,347,980.25, compared to a positive $5,335,815.83 in the prior period, reflecting a significant decline[35] - Investment cash inflow was $1,643,000.00, while investment cash outflow increased to $11,318,286.49, resulting in a net cash flow from investing activities of $1,041,159.16, a turnaround from -$11,318,286.49[35] Assets and Liabilities - Total assets decreased by 2.60% to CNY 1,087,380,259.88 compared to the end of the previous year[10] - Current assets totaled CNY 753,824,502.13, down from CNY 778,391,728.91, representing a decrease of about 3.2%[17] - The company's cash and cash equivalents decreased from CNY 409,090,672.51 to CNY 377,896,431.69, a reduction of approximately 7.6%[17] - Total liabilities decreased from CNY 431,173,563.29 to CNY 386,959,054.37, a decline of approximately 10.2%[18] - The company reported a decrease in total non-current assets from CNY 338,062,912.27 to CNY 333,555,757.75, a decline of about 1.5%[18] Shareholder Information - The number of shareholders reached 21,076, with the top ten shareholders holding a combined 55.35% of the shares[13] Operating Costs and Expenses - Operating costs rose from CNY 117,169,325.74 to CNY 128,144,733.75, an increase of about 9.1%[24] - The company incurred operating costs of ¥101,997,833.15, which is an increase from ¥93,560,177.25 in the previous period[27] Other Financial Metrics - The weighted average return on equity decreased by 0.05 percentage points to 2.19%[10] - The company's retained earnings increased from CNY 171,835,543.02 to CNY 186,617,877.28, a growth of approximately 8.1%[19] - The total comprehensive income for the current period was ¥16,169,220.74, compared to ¥13,705,550.07 in the previous period, indicating a growth of 17.7%[28] - The company reported a significant increase of 299.8% in special reserves, totaling CNY 1,610,700.79, attributed to higher safety production expense provisions[15] Payables - Accounts payable increased by 71.24% to $43,057,529.94, attributed to increased prepayments for project materials[38] - Employee payables rose by 37.37% to $52,092,987.56, primarily due to the settlement of last year's employee compensation[38] - Tax payables increased by 73.68% to $13,312,333.69, mainly due to an increase in value-added tax payable for the current period[38]