HTGD(SH:600487)2015-04-29 16:00Financial Performance - Operating revenue rose by 21.39% to CNY 1,937,506,518.46 year-on-year[6] - Net profit attributable to shareholders increased by 18.27% to CNY 50,166,335.30[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 67.53% to CNY 43,542,469.82[6] - The company's total profit for Q1 2015 was ¥81,741,044.95, reflecting a 38.17% increase from ¥59,161,886.17 in Q1 2014[16] - Net profit for Q1 2015 increased by 39.85% to ¥65,916,714.04, compared to ¥47,134,191.54 in Q1 2014, attributed to improved cost control alongside revenue growth[16] - Operating profit for Q1 2015 rose by 151.90% to ¥73,513,847.83, up from ¥29,184,267.72 in Q1 2014, driven by steady growth in operating revenue[16] - The company's operating revenue for Q1 2015 was CNY 953,560,332.97, an increase of 27.9% compared to CNY 745,208,927.58 in the same period last year[42] - The net profit for Q1 2015 reached CNY 65,916,714.04, representing a 39.8% increase from CNY 47,134,191.54 in Q1 2014[41] Assets and Liabilities - Total assets increased by 4.59% to CNY 12,957,173,900.02 compared to the end of the previous year[6] - As of March 31, 2015, the total current assets amounted to CNY 8,549,849,620, an increase from CNY 8,094,361,264.69 at the beginning of the year[33] - Non-current assets totaled CNY 3,104,503,856.13, slightly up from CNY 3,047,167,480.05[33] - Total liabilities amounted to ¥4,755,337,320.14, up from ¥4,654,391,005.87, representing a growth of 2.2%[39] - Current liabilities rose to ¥4,448,708,067.27, compared to ¥4,341,311,753.00, reflecting an increase of 2.5%[38] Cash Flow - The net cash flow from operating activities improved by 13.97% to CNY -142,043,248.95[6] - Cash flow from operating activities for Q1 2015 improved by 13.97%, amounting to -¥142,043,248.95, compared to -¥165,114,949.47 in Q1 2014[20] - The net cash flow from operating activities was -126,782,030.70 RMB, compared to -18,208,083.78 RMB in the previous period, indicating a significant decline in operational cash generation[47] - Total cash inflow from operating activities was 1,191,932,873.83 RMB, up from 821,957,515.48 RMB, reflecting a 45% increase year-over-year[47] - The net cash flow from financing activities was -102,822,308.49 RMB, compared to 837,986,494.41 RMB in the previous period, showing a significant drop[48] Shareholder Information - The number of shareholders reached 23,703 at the end of the reporting period[10] - The largest shareholder, Hengtong Group Co., Ltd., holds 37.81% of the shares, with 30,000,000 shares pledged[10] Investment and Financing Activities - Loans and advances increased by 88.89% to CNY 168,300,000.00 compared to the previous year[13] - The company plans to issue corporate bonds up to ¥1.5 billion, approved by the China Securities Regulatory Commission on April 14, 2015[23] - The company is in the process of acquiring 41% equity in Heilongjiang Telecom Guomai Engineering Co., Ltd. through a combination of issuing shares and cash payments[24] Compliance and Governance - The company has committed to eliminating any potential competition with its controlling shareholder, Hengtong Group, by ensuring no similar business activities are conducted[26] - Hengtong Group has promised to transfer its 48% stake in Shanghai Hengtong to the company at a fair price to eliminate competition concerns[27] - The company guarantees that it will not engage in or develop products that compete with those already in production or development by Hengtong Optical and its subsidiaries[27] - Hengtong Group has reiterated its commitment to not harm the interests of the company and its shareholders through its controlling position[27] - The company committed to ensuring compliance with legal and regulatory requirements to protect shareholder interests[29] Other Financial Metrics - The weighted average return on net assets decreased by 0.34 percentage points to 1.22%[6] - The company reported a significant increase in other comprehensive income, which improved by 55.44% to -¥9,645,134.32, compared to -¥21,646,142.79 in the previous year[18] - Basic and diluted earnings per share for Q1 2015 were both CNY 0.1212, down from CNY 0.2048 in the previous year[42]