SPM(SH:600459)2014-04-29 16:00Financial Performance - Operating revenue rose by 13.12% to CNY 1,253,823,334.11 year-on-year[10] - Net profit attributable to shareholders increased by 23.78% to CNY 21,507,771.39 compared to the same period last year[10] - Total operating revenue for Q1 2014 reached ¥1,253,823,334.11, an increase of 13.1% compared to ¥1,108,393,639.92 in the same period last year[34] - Net profit for Q1 2014 was ¥23,316,279.99, representing a 10.9% increase from ¥21,022,385.39 in Q1 2013[35] - The company reported an investment income of ¥2,575,203.09 in Q1 2014, compared to a loss of ¥114,826.62 in the previous year[34] Assets and Liabilities - Total assets increased by 11.11% to CNY 2,660,558,740.61 compared to the end of the previous year[10] - Current assets totaled CNY 2,082,823,327.86, up from CNY 1,820,151,229.56 at the start of the year, indicating a growth of approximately 14.5%[27] - Total liabilities rose to CNY 872,222,574.41 from CNY 630,278,756.44, marking an increase of approximately 38.4%[29] - Current liabilities totaled CNY 780,576,351.09, up from CNY 547,032,343.59, indicating an increase of approximately 42.6%[29] - The company's total liabilities reached ¥584,093,399.00, compared to ¥388,241,633.88, an increase of 50.4%[32] Cash Flow - Cash flow from operating activities decreased by 11.99% to CNY -207,179,644.87 compared to the previous year[10] - Cash flow from financing activities decreased by 95.58%, with a net inflow of 33,592,094.05 yuan compared to 760,606,861.79 yuan in the previous year[20] - Cash outflow from operating activities totaled CNY 1,617,567,549.60, compared to CNY 1,019,301,577.72 in the prior period, indicating an increase of about 58.7%[40] - Net cash flow from operating activities was negative CNY 207,179,644.87, worsening from negative CNY 185,002,885.84 year-over-year[41] - The ending cash and cash equivalents balance was CNY 271,714,896.80, down from CNY 915,910,898.40, indicating a decline of approximately 70.4%[41] Shareholder Information - The number of shareholders reached 35,253 at the end of the reporting period[13] - The company's equity attributable to shareholders increased to CNY 1,707,952,443.16 from CNY 1,685,599,922.91, showing a slight growth of about 1.3%[29] - Basic and diluted earnings per share remained stable at ¥0.11 for both Q1 2014 and Q1 2013[35] Operational Costs and Expenses - Total operating costs for Q1 2014 were ¥1,227,630,967.69, up from ¥1,083,120,915.26, reflecting a year-over-year increase of 13.3%[34] - Management expenses increased by 51.54% year-on-year, primarily due to higher technology development costs and employee compensation[15] - Financial expenses decreased by 48.48% year-on-year, attributed to reduced bank loans as fundraising was completed[17] Other Financial Metrics - The weighted average return on net assets decreased by 0.58 percentage points to 1.27%[10] - The company reported a significant increase of 387.04% in special reserves compared to the beginning of the year, due to the provision for safety special funds[14] - Cash and cash equivalents decreased by 42.24% compared to the beginning of the year, mainly due to increased capital occupation in operations[14]