TMT(SH:600458)2015-04-29 16:00Financial Performance - Operating revenue surged by 180.13% to CNY 2,878,207,312.99 from CNY 1,027,445,946.58 year-on-year[9] - Net profit attributable to shareholders rose by 473.93% to CNY 173,120,149.38 from CNY 30,163,952.92 in the same period last year[5] - The weighted average return on equity increased by 5.02 percentage points to 6.00%[5] - Total revenue for Q1 2015 reached ¥2,878,207,312.99, a significant increase of 180.0% compared to ¥1,027,445,946.58 in the same period last year[20] - Net profit for Q1 2015 was ¥170,380,829.09, compared to ¥29,349,781.61 in Q1 2014, representing a growth of 480.0%[21] - The net profit for the current period was ¥228,383,843.66, representing a substantial increase of 765.5% from ¥26,385,441.87 in the same period last year[24] - The total profit for the current period was ¥266,184,352.92, up from ¥30,770,852.65 in the previous period, marking an increase of 765.5%[24] Assets and Liabilities - Total assets increased by 1.21% to CNY 10,403,938,955.20 compared to the end of the previous year[5] - The company's current assets totaled CNY 6,219,390,067.94, up from CNY 5,881,224,822.28 at the start of the year, indicating a growth of approximately 5.75%[12] - Total liabilities rose to CNY 7,463,049,304.90 from CNY 7,327,166,488.22, marking an increase of about 1.85%[14] - The company's short-term borrowings increased to CNY 228,457,920.00 from CNY 125,375,064.53, a rise of approximately 82.3%[13] - The total assets of Zhuzhou Times New Material Technology Co., Ltd. amounted to CNY 10,403,938,955.20, an increase from CNY 10,279,594,764.97 at the beginning of the year[12][14] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 139,431,661.92, compared to a net outflow of CNY 104,064,756.06 in the previous year[5] - The cash and cash equivalents decreased to ¥309,749,360.33 from ¥521,839,474.38, a decline of 40.5%[16] - The cash and cash equivalents at the end of the period amounted to ¥722,313,043.82, an increase from ¥479,332,575.03 at the end of the previous period[28] - The cash and cash equivalents at the end of the period totaled ¥309,749,360.33, down from ¥426,132,549.33 at the end of the previous year[31] - The cash and cash equivalents decreased by ¥75,090,114.05 during the quarter[31] Expenses - The company reported a significant increase in sales expenses by 154.19% to CNY 96,484,800.42 due to market expansion efforts[9] - The company experienced a 207.12% rise in operating costs, totaling CNY 2,471,297,685.51, primarily driven by increased revenue scale[9] - Total operating costs for Q1 2015 were ¥2,669,389,932.52, up 168.5% from ¥994,611,578.71 in Q1 2014[21] - The company recorded a total operating cost of ¥1,062,114,589.14, which is an increase from ¥704,628,477.29 in the previous period[24] - The company's management expenses decreased to ¥94,273,166.03 from ¥112,172,130.56 in the previous period, indicating a reduction of 15.9%[24] Shareholder Information - The number of shareholders reached 50,333 by the end of the reporting period[7] - The total equity attributable to shareholders decreased slightly to CNY 2,880,327,139.30 from CNY 2,889,126,445.46, indicating a marginal decline[14] Market and Strategic Developments - The company attributed revenue growth to increased income from the rail transit and wind power markets, along with the consolidation of BOGE subsidiary revenues[9] - The net profit attributable to shareholders for the first quarter is projected to be significantly impacted due to ongoing competitive pressures and market conditions[11] - The company is currently evaluating potential acquisitions and business integrations to mitigate competition risks following the merger of its major shareholders, China South Locomotive and China North Locomotive[10] - The company has committed to resolving potential competition issues with the merged entity within five years through regulatory-approved methods[10]