Teamsun(SH:600410)2014-04-23 16:00Financial Performance - Net profit attributable to shareholders increased by 51.55% to CNY 47,500,622.00 year-on-year[12] - Operating revenue rose by 1.86% to CNY 994,814,439.57 compared to the same period last year[12] - Basic earnings per share increased by 52.17% to CNY 0.0735[12] - The company reported a net profit of CNY 27,620,451.10 after deducting non-recurring gains and losses, a decrease of 11.46% year-on-year[12] - Total revenue for the first quarter of 2014 reached ¥994,814,439.57, an increase of 1.17% compared to ¥976,657,449.73 in the previous period[32] - Net profit attributable to the parent company was ¥47,500,622.00, up from ¥31,344,082.15, representing a growth of 51.5%[32] - Operating costs for the first quarter were ¥970,745,125.44, up from ¥949,582,399.34, indicating a rise of 2.4%[32] - The company reported a total comprehensive income of ¥59,502,195.19, compared to ¥28,032,776.10 in the previous period, an increase of 112.5%[34] - The total comprehensive income for Q1 2014 was CNY 18.43 million, reflecting a decrease of 47.5% from CNY 35.03 million in Q1 2013[36] Assets and Liabilities - Total assets increased by 14.79% to CNY 6,551,265,683.28 compared to the end of the previous year[11] - The company’s total net assets attributable to shareholders increased by 2.05% to CNY 2,365,897,728.68 compared to the end of the previous year[12] - Total assets increased to ¥4,343,356,486.55 from ¥4,128,216,938.96, reflecting a growth of 5.2%[31] - Total liabilities rose to ¥2,489,717,290.00, compared to ¥2,293,009,620.48, marking an increase of 8.6%[31] - The company's cash and cash equivalents increased to ¥1,122,672,508.22 from ¥894,302,548.49, a growth of 25.5%[30] - The total equity attributable to shareholders increased to ¥2,365,897,728.68 from ¥2,318,432,121.90, reflecting a growth of 2.0%[30] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 4,967,730.57, a 102.98% increase from the previous year[12] - Operating cash flow generated was CNY 4.97 million, a turnaround from a negative cash flow of CNY 166.83 million in the previous year[26] - Cash flow from operating activities generated a net inflow of CNY 4.97 million, a significant improvement from a net outflow of CNY 166.83 million in the previous year[38] - Investment activities resulted in a net cash outflow of CNY 422.83 million, compared to a net outflow of CNY 75.04 million in the same period last year[39] - Financing activities generated a net cash inflow of CNY 737.06 million, down from CNY 1.28 billion in the previous year[39] Shareholder Information - The total number of shareholders reached 54,412[14] - The largest shareholder, Wang Weihang, holds 10.00% of the shares, totaling 64,587,446 shares[14] Investments and Receivables - Long-term receivables increased by CNY 403.16 million, a growth of 125.25% due to financing lease business[26] - Long-term equity investments rose by CNY 85.83 million, a significant increase of 562.91% attributed to new joint ventures[26] - Accounts receivable decreased by CNY 50.58 million, a decline of 43.44% compared to the end of 2013[26] Other Financial Metrics - The weighted average return on equity increased by 0.72 percentage points to 2.03%[12] - The company reported a financial expense of CNY 14.75 million, up 69.28% primarily due to increased bond interest[26] - Short-term borrowings increased by CNY 388.98 million, a rise of 170.33% due to increased bank loans[26] - The company’s other comprehensive income improved by CNY 4.99 million, a 366.35% increase mainly due to exchange rate fluctuations[26] - The company recorded an increase in asset impairment losses to CNY 4.97 million, compared to CNY 0.67 million in the same period last year[36] - The company received CNY 378 million from investment recoveries, a significant increase from CNY 37.27 million in the previous year[38]