BAOTI(SH:600456)2014-04-25 16:00Financial Performance - Operating income for the period was CNY 571,296,954.44, representing a year-on-year increase of 9.97%[10] - Net profit attributable to shareholders was CNY 1,618,439.53, an increase of 161.85% compared to the same period last year[10] - The company reported a basic earnings per share of CNY 0.004, reflecting a 300% increase from the previous year[10] - The net profit for Q1 2014 was ¥1,578,824.29, down from ¥2,305,263.47 in the same period last year, showing a decline in profitability[31] - The company reported a basic earnings per share of ¥0.004 for Q1 2014, compared to ¥0.001 in the same period last year, indicating improved earnings per share[31] Cash Flow - The net cash flow from operating activities was CNY 97,463,002.41, a significant improvement of 234.66% from the previous year[9] - In Q1 2014, the company's operating cash flow net amount was ¥97,463,002.41, an increase of 234.66% compared to the same period last year, attributed to increased cash received from sales of goods and services[18] - The net cash flow from operating activities for Q1 2014 was ¥149,386,797.87, a significant improvement compared to the previous year's loss of ¥50,542,112.02[42] - The net cash flow from investment activities was -¥1,042,908.01, a decrease of 94.20% year-on-year, due to reduced subsequent investments in ongoing projects[18] - The net cash flow from financing activities was -¥194,297,200.05, a decrease of 262.89% year-on-year, primarily due to an increase in bank loan repayments[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,552,236,044.04, a decrease of 0.55% compared to the previous year[9] - The total assets as of March 31, 2014, were ¥3,638,294,500, with total liabilities of ¥1,002,263,200, indicating a healthy asset-liability ratio[28] - The company’s total liabilities at the end of Q1 2014 were ¥639,495,273.00, indicating a stable financial position[37] Shareholder Information - The number of shareholders at the end of the reporting period was 51,594[14] - The largest shareholder, Baoji Titanium Group Co., Ltd., held 54.98% of the shares[14] Revenue and Costs - The total revenue for Q1 2014 was ¥571,296,954.44, compared to ¥519,520,860.98 in the same period last year, indicating a growth in revenue[31] - The cost of goods sold for Q1 2014 was ¥459,786,871.55, up from ¥404,074,673.82 in the previous year, reflecting increased production costs[31] - Total revenue for Q1 2014 was ¥476,862,069.37, down from ¥501,915,845.94 in Q1 2013, representing a decrease of approximately 5%[40] - The gross profit margin for Q1 2014 was approximately 18.4%, compared to 16.5% in the previous year, indicating an improvement in cost management[40] Investment Activities - The company has ongoing projects for titanium and titanium alloy casting expansion, with a planned investment of ¥21,210.80 million, but actual investment in the report period was only ¥50.01 million[21] - The cash outflow from investment activities was ¥1,555,677.38 in Q1 2014, significantly lower than ¥18,464,587.10 in the same period last year, indicating a strategic reduction in capital expenditures[33] - The total cash outflow for investment activities was ¥1,146,774.50, a decrease from ¥13,765,268.65 in the same period last year[42] Financial Expenses and Gains - The company incurred financial expenses of ¥31,787,781.22 in Q1 2014, an increase from ¥25,337,846.98 in the same period last year[40] - The company experienced a foreign exchange gain of ¥107,872.76, compared to a loss of ¥162,617.22 in the previous year[42] Future Plans - The company plans to focus on expanding its market presence and investing in new technologies to enhance product offerings in the upcoming quarters[35]