JAC(SH:600418)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 25.13% to CNY 260.40 million year-on-year[9] - Operating revenue rose by 10.58% to CNY 9.79 billion compared to the same period last year[9] - Basic earnings per share increased by 25.00% to CNY 0.20 per share[9] - Total operating revenue for the current period reached ¥9,790,080,950.21, an increase of 10.6% compared to ¥8,851,202,040.07 in the previous period[25] - Net profit for the current period was ¥264,052,316.35, representing a 25% increase from ¥211,311,169.44 in the previous period[26] - Earnings per share (EPS) for the current period was ¥0.20, up from ¥0.16 in the previous period, indicating a 25% growth[26] Asset and Liability Changes - Total assets increased by 13.47% to CNY 26.86 billion compared to the end of the previous year[9] - Total current assets reached CNY 15,416,458,068.63, up from CNY 12,494,446,804.68, indicating a growth of about 23.3%[18] - Total liabilities increased to CNY 19,533,106,149.15 from CNY 16,654,791,678.27, marking an increase of approximately 11.3%[19] - Total liabilities increased to ¥18,100,189,402.73 from ¥15,035,495,321.97, reflecting a growth of 13.8%[23] - The company's total equity increased to CNY 7,328,742,810.58 from CNY 7,017,443,506.26, showing a growth of approximately 4.4%[19] - Total equity rose to ¥6,775,968,375.29, compared to ¥6,612,651,790.10 in the previous period, marking an increase of 2.5%[23] Cash Flow Analysis - Cash flow from operating activities decreased by 103.66% to -CNY 41.81 million compared to the previous year[9] - Cash flow from financing activities increased by 263.90% year-on-year, mainly due to increased short-term borrowings and minority shareholders' capital contributions to subsidiaries[13] - Operating cash inflow for the period reached CNY 6,715,694,841.43, an increase of 28.6% compared to CNY 5,219,707,922.84 in the previous period[34] - Net cash flow from operating activities was CNY 434,447,700.99, down 58.9% from CNY 1,056,087,433.15 in the previous period[35] - Cash inflow from financing activities amounted to CNY 1,307,210,000.00, a substantial increase from CNY 321,644,911.25 in the previous period[35] - Net cash flow from financing activities was CNY 852,962,734.42, up from CNY 268,579,981.26 in the previous period, reflecting stronger financing efforts[35] Inventory and Receivables - Accounts receivable increased by 151.40% compared to the beginning of the year, mainly due to seasonal market growth[13] - Inventory increased by 48.25% compared to the beginning of the year, reflecting increased finished goods reserves due to seasonal market growth[13] - Accounts receivable increased significantly to CNY 1,121,614,553.69 from CNY 446,145,733.90, representing a growth of approximately 151.5%[17] - Inventory levels rose to CNY 1,796,494,698.32 from CNY 1,211,792,055.32, reflecting an increase of about 48.3%[17] Investment Activities - Cash outflow from investment activities totaled CNY 1,134,951,284.75, compared to CNY 653,291,943.73 in the previous period, indicating a significant increase in investment spending[35] - Net cash flow from investment activities was negative at CNY -252,873,891.16, worsening from CNY -176,434,589.22 in the previous period[35] - The company received CNY 823,000,000.00 from investment recoveries, an increase from CNY 440,000,000.00 in the previous period[35] Future Plans - Jiangqi Group is planning a major asset restructuring for overall listing, with stock suspension starting from April 15, 2014, for no more than 30 days[14] - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[27]