TMT(SH:600458)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 41.14% to CNY 30,163,952.92 compared to the same period last year[12] - Operating revenue increased by 0.72% to CNY 1,027,445,946.58 compared to the same period last year[12] - Basic and diluted earnings per share decreased by 50.00% to CNY 0.05[12] - Net profit for Q1 2014 was CNY 29,349,781.61, a decrease of 42.5% compared to CNY 51,106,199.69 in Q1 2013[35] - Basic earnings per share for Q1 2014 were CNY 0.05, down from CNY 0.10 in the previous year, reflecting a 50% decline[35] Assets and Liabilities - Total assets increased by 5.04% to CNY 5,900,601,853.25 compared to the end of the previous year[12] - Total assets as of the end of Q1 2014 were CNY 5,443,144,432.23, an increase from CNY 5,152,849,909.35, representing a growth of approximately 5.6%[32] - Total liabilities increased to CNY 2,577,298,125.45 in Q1 2014 from CNY 2,313,389,044.44, marking an increase of about 11.5%[32] - The total equity of the company as of Q1 2014 was CNY 2,865,846,306.78, slightly up from CNY 2,839,460,864.91, reflecting a growth of about 0.9%[32] Cash Flow - Cash flow from operating activities improved to -CNY 104,064,756.06 from -CNY 190,278,296.47 in the previous year[12] - Cash flow from operating activities for Q1 2014 was CNY 622,940,964.01, compared to CNY 500,099,674.18 in the same period last year, showing an increase of approximately 24.5%[40] - Total cash inflow from operating activities was 671,591,711.05 RMB, compared to 522,649,178.68 RMB in the previous period, reflecting a year-over-year increase of approximately 28.5%[41] - The net cash flow from operating activities was -104,064,756.06 RMB, an improvement from -190,278,296.47 RMB in the previous period, indicating a reduction in cash outflow[41] - Cash inflow from financing activities was 150,000,000.00 RMB, down from 550,000,000.00 RMB, indicating a significant decrease of 72.7%[42] - The net cash flow from financing activities was -9,939,859.08 RMB, compared to a positive cash flow of 13,099,651.90 RMB in the previous period[42] Expenses - Management expenses increased by 64.54% to CNY 132,745,023.64 compared to the same period last year[18] - Sales expenses increased by 15.65% to CNY 37,957,587.44 compared to the same period last year[18] - Cash outflow for purchasing goods and services was 573,590,274.68 RMB, up from 502,522,396.56 RMB, representing a 14.1% increase[41] - The cash outflow for employee payments was 95,438,181.74 RMB, compared to 75,402,460.39 RMB, which is a 26.6% increase[41] Accounts Receivable and Payable - Accounts receivable increased by 73.48% to CNY 1,624,400,644.35 compared to the beginning of the period[18] - Accounts receivable increased due to higher sales revenue and extended collection periods[5] - Accounts payable increased due to higher material purchases during the reporting period[5] Investment Activities - Cash flow from investment activities improved due to reduced cash payments for fixed asset purchases[5] - The cash flow from investment activities showed a net outflow of -2,761,352.76 RMB, an improvement from -49,785,717.85 RMB in the previous period[41] Market Performance - Revenue growth is primarily attributed to increased sales in the wind power market[5] - Operating costs decreased due to changes in sales structure and recovery of gross margin in the wind power market[5] Other Financial Metrics - The weighted average return on net assets decreased by 1.85 percentage points to 0.98%[12] - The company received 7,359,918.22 RMB in tax refunds, significantly higher than 2,337,714.31 RMB in the previous period, marking a 215.5% increase[41] - The company's cash and cash equivalents decreased from ¥596,098,542.93 to ¥479,332,575.03[26] - The ending cash and cash equivalents balance was 479,332,575.03 RMB, down from 155,076,861.16 RMB, reflecting a decrease of 69.0%[42]