ZZPZH(SH:600436)2014-04-22 16:00Financial Performance - Net profit attributable to shareholders rose by 8.05% to CNY 115,209,280.42 for the first quarter[12] - Operating revenue grew by 11.77% to CNY 377,786,459.99 year-on-year[12] - Cash flow from operating activities increased by 39.07% to CNY 53,603,425.37 compared to the same period last year[12] - Basic earnings per share increased by 4.35% to CNY 0.72[12] - Operating revenue for the first quarter was 377.79 million, up by 39.78 million or 11.77% year-on-year, primarily due to increased sales from subsidiaries[23] - The company reported a net profit of 114.52 million, which is an increase of 8.17 million or 7.69% compared to the previous year[23] - Operating profit for Q1 2014 was CNY 132,530,009.67, slightly up from CNY 128,283,044.17 in Q1 2013, reflecting a growth of 1.9%[37] - Net profit attributable to shareholders for Q1 2014 was CNY 115,209,280.42, representing a 8.3% increase from CNY 106,630,712.97 in the previous year[37] Assets and Liabilities - Total assets increased by 2.10% to CNY 3,327,826,718.14 compared to the end of the previous year[11] - The total assets amounted to 3,327.83 million, reflecting an increase of 68.53 million or 2.10% from the previous period[21] - The company's total liabilities decreased to CNY 658.87 million, down by 8.18 million or 1.23% from the previous period[21] - The total liabilities decreased slightly to CNY 658,873,189.46 from CNY 667,053,182.16, indicating a reduction of approximately 1.8%[32] - The company's total equity increased to CNY 2,668,953,528.68 from CNY 2,592,241,173.70, marking an increase of about 2.9%[32] Cash Flow - The net cash flow from operating activities was 53.60 million, an increase of 15.06 million or 39.07% year-on-year, driven by higher cash receipts from sales[26] - Cash flow from operating activities for Q1 2014 was CNY 53,603,425.37, an increase of 39.0% compared to CNY 38,545,289.82 in Q1 2013[41] - The company reported a net cash decrease of ¥10,514,412.40 for the quarter, compared to a decrease of ¥14,407,925.64 in the same period last year[47] Shareholder Information - The total number of shareholders reached 23,108 by the end of the reporting period[16] - The largest shareholder, Zhangzhou Jiulongjiang Construction Co., Ltd., holds 57.92% of the shares[16] - The company committed to distributing at least 30% of its distributable profits to shareholders in cash annually during the commitment period from 2012 to 2014[30] - The company plans to utilize cash, stock, or a combination of both for dividend distribution based on its financial needs[30] Inventory and Receivables - The company's accounts receivable at the end of the period reached 212.65 million, an increase of 57.97 million compared to the beginning of the period, representing a growth of 37.48%[21] - The company's inventory increased to CNY 810,595,553.29 from CNY 753,624,471.41, representing a rise of about 7.6%[31] - The accounts receivable increased to CNY 212,647,838.54 from CNY 154,680,046.79, showing a significant increase of approximately 37.4%[31] Investment and Financing - Investment income rose to 4.45 million, a significant increase from a loss of 0.12 million in the previous year[23] - The net cash flow from investment activities was -¥6,464,339.41, a decrease from -¥27,218,809.98 year-over-year, showing improved investment efficiency[46] - Cash inflow from financing activities totaled ¥0, down from ¥24,956,085.71 in the previous year, indicating a shift in financing strategy[47] - Total cash outflow from financing activities was ¥52,907,890.95, slightly up from ¥52,075,164.80, reflecting ongoing debt repayment efforts[47] Other Financial Metrics - The weighted average return on equity decreased by 2.37 percentage points to 4.49%[12] - The company reported a decrease in financial expenses to CNY 2,417,984.56 from CNY 4,945,585.85 in the previous year, a reduction of 51.1%[37] - Other comprehensive income for Q1 2014 was negative at CNY -41,511,755.77, compared to a positive CNY 11,947,335.78 in the same period last year[37]