JSAC(SH:600389)2014-04-21 16:00Financial Performance - Net profit attributable to shareholders increased by 84.00% to CNY 96,231,015.44, compared to CNY 52,298,562.40 in the same period last year[8] - Basic earnings per share rose by 84.02% to CNY 0.4860, compared to CNY 0.2641 in the same period last year[8] - The weighted average return on equity increased by 2.23 percentage points to 7.65%[8] - Net profit for Q1 2014 reached CNY 96,231,015.44, representing a significant increase of 83.96% compared to CNY 52,298,562.40 in Q1 2013[27] - Operating profit for Q1 2014 was CNY 124,809,793.84, which is a 95.41% increase from CNY 63,934,975.11 in Q1 2013[27] Revenue and Costs - Operating revenue slightly increased by 0.47% to CNY 862,625,745.18, compared to CNY 858,571,398.23 in the same period last year[8] - Total operating revenue for Q1 2014 was CNY 862,625,745.18, a slight increase of 0.15% compared to CNY 858,571,398.23 in the same period last year[27] - Total operating costs decreased to CNY 743,087,973.81, down 7.76% from CNY 805,587,113.19 in Q1 2013[27] Cash Flow - Net cash flow from operating activities decreased significantly by 72.69% to CNY 64,467,000.55, compared to CNY 236,054,515.33 in the same period last year[8] - Cash flow from operating activities was CNY 64,467,000.55, a decrease of 72.69% compared to CNY 236,054,515.33 in Q1 2013[32] - Cash inflow from operating activities totaled ¥777,517,739.59, down 4.0% from ¥809,682,883.50 year-on-year[36] - Cash outflow from operating activities increased to ¥649,271,440.34, up 22.7% from ¥529,406,578.89 in the previous year[36] Assets and Liabilities - Total assets decreased by 2.34% to CNY 3,195,962,470.08 compared to the end of the previous year[8] - Current liabilities decreased from ¥2,005,028,035.21 to ¥1,833,645,169.39, reflecting a reduction in short-term borrowings and accounts payable[21] - The company's total liabilities decreased from ¥2,062,355,661.47 to ¥1,889,480,284.53, indicating a reduction in financial leverage[21] - Shareholders' equity increased to CNY 1,295,274,990.81, up from CNY 1,199,101,281.26, marking an increase of 8.02%[26] Investments and Expenses - The company reported a significant increase in income tax expenses by 120.04% to CNY 30,356,354.13 compared to CNY 13,795,568.30 in the same period last year[15] - Financial expenses decreased by 46.40% to CNY 15,898,080.68, attributed to a reduction in total loans and lower average interest rates[16] - The company reported an investment income of CNY 5,272,022.47, down from CNY 10,950,690.07 in the previous year, a decline of 51.85%[27] Shareholder Information - The number of shareholders totaled 14,560, with the largest shareholder holding 29.19% of shares[12] Inventory and Receivables - The accounts receivable increased from ¥124,015,787.18 to ¥152,427,716.88, indicating a rise in credit sales[20] - The inventory decreased from ¥469,642,413.02 to ¥446,063,113.11, suggesting improved inventory management[20] - The company experienced a 40.95% decrease in notes receivable, totaling CNY 21,511,060.71, primarily due to increased accounts payable[13]