BJBASHI(SH:600386)2014-04-28 16:00Financial Performance - Revenue for the first quarter was CNY 671,349,208.61, a slight increase of 0.96% year-on-year[9] - Net profit attributable to shareholders was CNY 29,917,181.02, reflecting a year-on-year increase of 1.69%[9] - Total operating revenue for the current period reached ¥671,349,208.61, an increase of 0.6% compared to ¥664,946,607.08 in the previous period[32] - Net profit for the current period was ¥27,694,143.51, compared to ¥26,710,195.00 in the previous period, indicating a growth of 3.7%[33] - The total comprehensive income for the current period was ¥50,228,343.51, significantly higher than ¥31,396,045.00 from the previous period, marking a 60% increase[33] Cash Flow - Net cash flow from operating activities improved significantly by 684.81% to CNY 100,262,828.55 compared to the same period last year[9] - Cash flow from operating activities generated a net amount of ¥100,262,828.55, a recovery from a negative cash flow of -¥17,144,644.66 in the previous period[38] - Cash flow from operating activities increased to ¥49,727,792.51, up from ¥1,883,544.44 in the previous period, representing a significant improvement[41] - The net increase in cash and cash equivalents was ¥83,460,821.53, contrasting with a decrease of ¥16,855,035.93 in the prior period, showing improved liquidity[39] - The company reported a cash flow net increase of ¥65,887,337.72, compared to a decrease of ¥4,079,806.68 in the previous period, showcasing overall financial health[42] Assets and Liabilities - Total assets increased by 4.51% to CNY 2,587,381,834.96 compared to the end of the previous year[9] - Total liabilities increased to CNY 879.31 million from CNY 817.87 million at the beginning of the year[26] - The company's total equity rose to CNY 1.71 billion from CNY 1.66 billion at the beginning of the year[26] - The balance of available-for-sale financial assets increased by 40.68% to CNY 103,896,000 compared to the end of last year[15] - The company's cash and cash equivalents increased to CNY 1.09 billion from CNY 1.03 billion at the beginning of the year[24] Shareholder Information - The number of shareholders totaled 30,906 as of the report date[13] - The largest shareholder, Beijing Public Transport Holdings (Group) Co., Ltd., holds 55% of the shares[13] Investment Activities - Cash inflow from investment activities reached ¥54,386,020.51, compared to ¥11,242,599.18 in the prior period, indicating strong investment recovery[42] - Cash received from other investment activities was ¥54,386,020.51, a substantial increase from ¥11,242,599.18, reflecting successful investment strategies[42] - Cash paid for other investment activities was ¥38,000,000.00, up from ¥17,000,000.00, indicating increased investment commitments[42] Cost Management - The company reported a 46.85% decrease in asset impairment losses to CNY 957,500 for the first quarter[17] - Cash paid for operating activities decreased by 52.28% to CNY 36.24 million, primarily due to an increase in bank acceptance bill deposits recovered from 4S stores[19] - Total cash outflow for operating activities decreased significantly to ¥40,548,326.89 from ¥78,777,548.16, highlighting cost management efforts[41] - The company reported a decrease in sales expenses to ¥41,890,847.98 from ¥49,721,450.75, reflecting a cost-saving strategy[33] Future Plans - The company plans to establish Beijing Shiba Media Co., Ltd. with a registered capital of CNY 50 million, holding 51% equity through a cash investment of CNY 25.5 million[20]