XINLI FINANCE(SH:600318)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 1,271.08% to CNY 50,360,676.03 from CNY 3,673,067.51 in the same period last year[11]. - Operating revenue rose by 41.64% to CNY 306,426,421.41 compared to CNY 216,343,590.41 in the previous year[11]. - The company's main business revenue increased by 42.38% year-on-year, reaching 213.8 million RMB, primarily due to higher product sales volume and prices[11]. - Net profit rose by 466.88% year-on-year to 367.31 million RMB, driven by significant improvements in operating performance[16]. - Operating profit improved to ¥69,851,308.73 compared to a loss of ¥11,054,864.14 in the previous period, indicating a turnaround in profitability[33]. - Net profit for the current period was ¥50,360,676.03, a substantial increase from ¥3,673,067.51 in the previous period, reflecting a growth of over 1260%[34]. - Basic and diluted earnings per share both increased to ¥0.21 from ¥0.02 in the previous period, marking a significant improvement in shareholder returns[34]. Cash Flow - Cash flow from operating activities increased significantly to CNY 196,331,025.65, compared to CNY 4,120,789.15 in the same period last year, marking a growth of 4,664.40%[11]. - The cash flow from operating activities increased by 19221.02 million RMB compared to the same period last year, reflecting strong sales performance[17]. - Net cash flow from operating activities amounted to $196.33 million, compared to only $4.12 million in the prior period, indicating a substantial improvement[37]. - Cash inflow from sales of goods and services reached $343.62 million, a significant increase from $221.51 million in the previous period, representing a growth of approximately 55%[37]. - Cash outflow for purchasing goods and services decreased to $96.79 million from $182.45 million, reflecting a reduction of about 47%[37]. - Cash outflow for employee payments was $21.50 million, slightly down from $22.96 million, showing a decrease of approximately 6%[37]. - Cash outflow for taxes paid increased significantly to $36.32 million from $8.78 million, marking an increase of around 313%[37]. - Cash inflow from financing activities totaled $100 million, consistent with the previous period[41]. Assets and Liabilities - Total assets decreased by 2.21% to CNY 2,014,050,201.56 compared to the end of the previous year[11]. - Current liabilities decreased by 21.06% to 545.69 million RMB, primarily due to the repayment of short-term loans[25]. - The company's total assets decreased to 2.01 billion RMB from 2.06 billion RMB at the beginning of the year[26]. - Total liabilities decreased to ¥966,977,663.03 from ¥1,062,749,450.34, a reduction of about 9%[30]. - Current liabilities totaled ¥545,070,744.60, down from ¥690,842,531.91, indicating a decrease of approximately 21%[30]. - Long-term borrowings rose to ¥401,000,000.00 from ¥351,000,000.00, an increase of approximately 14.3%[30]. - The company's long-term borrowings increased by 14.26% to 401 million RMB, indicating ongoing financing activities[26]. Shareholder Information - The number of shareholders reached 26,433, with the largest shareholder holding 33.06% of the shares[14]. - The company's total equity of ¥1,050,965,724.18, up from ¥1,000,161,803.60, indicating a growth of about 5.1%[30]. Inventory and Receivables - Accounts receivable decreased by 34.16% to CNY 135,579,400, primarily due to bill discounts and maturities[17]. - Inventory increased by 48.00% to CNY 54,237,600, attributed to higher raw material and finished goods stock[17]. - Accounts payable rose by 40.85% to CNY 111,626,400, mainly due to procurement of raw materials[17]. - Prepayments increased by 59.62% to CNY 12,933,000, primarily for electricity costs pending invoice settlement[17]. - Inventory increased to ¥80,272,229.68 from ¥54,237,589.46, reflecting a rise of about 48%[30]. Expenses - The company's management expenses increased by 50.48% to 14.64 million RMB, mainly due to rising environmental fees and wages[13]. - The company's tax expenses surged by 398.88% year-on-year to 3.95 million RMB, attributed to higher operating income[15]. - The company's other current liabilities increased by 348.11% to 4.06 million RMB, mainly due to unsettled electricity bills[10].