BVEA(SH:600379)2015-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 3.75% to CNY 4,697,080.13 year-on-year[7] - Operating revenue decreased by 8.65% to CNY 112,959,506.33 compared to the same period last year[7] - Basic and diluted earnings per share decreased by 3.86% to CNY 0.0199[7] - The company reported a net profit margin decline due to increased costs, impacting overall profitability[26] - Net profit for Q1 2015 was CNY 4,661,440.55, down 4.6% from CNY 4,886,434.96 in Q1 2014[27] - Total profit for Q1 2015 was CNY 5,222,315.80, down 9.6% from CNY 5,775,316.09 in the same period last year[27] Cash Flow - Net cash flow from operating activities increased significantly by 775.31% to CNY 133,323,430.98[7] - Cash flow from operating activities for Q1 2015 was CNY 133,323,430.98, significantly up from CNY 15,231,521.16 in Q1 2014[31] - The net cash flow from operating activities for Q1 2015 was CNY 130,753,132.64, a significant increase compared to CNY 10,737,427.78 in the previous year, reflecting strong operational performance[34] - The company reported cash inflow from operating activities totaling CNY 186,037,702.03, compared to CNY 66,901,751.70 in the same period last year, showcasing a robust increase[34] Assets and Liabilities - Total assets increased by 22.32% to CNY 758,013,152.22 compared to the end of the previous year[7] - Current assets increased to CNY 472,993,864.61 from CNY 348,583,820.70, representing a growth of 35.7%[24] - Total liabilities rose to CNY 325,193,072.65 from CNY 206,878,163.05, reflecting a significant increase of 57.1%[25] - The company’s total liabilities increased significantly, with other payables rising by 2004.45% from CNY 6,210,686.41 to CNY 130,700,798.61, reflecting the restructuring plan[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,159[11] - The largest shareholder, Beijing Rongchang Hang Investment Consulting Co., Ltd., holds 20.01% of shares[12] Operating Costs and Expenses - Total operating costs for Q1 2015 were CNY 107,912,318.40, down 9.2% from CNY 118,760,469.32 in the previous year[26] - The company’s cash paid for purchasing goods and services decreased by 31.52% from CNY 34,595,197.44 to CNY 23,689,445.10, as more purchases were made via promissory notes[15] - The company’s cash paid to employees increased by 38.24% from CNY 22,603,338.46 to CNY 31,246,597.09, reflecting higher wage and bonus payouts compared to the previous year[15] - Sales expenses for Q1 2015 were CNY 8,225,023.40, an increase of 7.9% compared to CNY 7,626,269.15 in Q1 2014[27] - Management expenses for Q1 2015 were CNY 14,701,884.35, up 8.0% from CNY 13,617,298.21 in the previous year[27] - Financial expenses for Q1 2015 were CNY 1,510,868.83, an increase of 17.6% from CNY 1,284,469.11 in Q1 2014[27] Investment and Other Income - Non-operating income included government subsidies of CNY 200,000[10] - The company’s non-operating income fell by 75.48% from CNY 993,666.07 to CNY 243,674.76, primarily due to reduced government subsidies recognized in the current quarter[14] - Investment income for Q1 2015 was CNY 611,600.00, a significant decrease of 79.3% from CNY 2,946,800.00 in the same period last year[28] Inventory and Receivables - Accounts receivable notes decreased by 52.48% from CNY 95,055,689.53 to CNY 45,166,016.73, attributed to significant bill discounts and payments during the quarter[13] - Other receivables surged by 590.31% from CNY 2,751,036.65 to CNY 18,990,717.43, mainly due to the reclassification of export tax refunds[13] - Inventory levels rose to CNY 123,826,693.12 from CNY 100,279,148.57, an increase of 23.4%[24] Foreign Exchange and Miscellaneous - The company experienced a foreign exchange loss of CNY 91,078.67, which slightly impacted the overall cash position[34] - The company reported a loss of CNY 24,910.75 from the disposal of non-current assets[9]