天士力(600535) - 2014 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders reached ¥282.03 million, reflecting a 15.24% growth year-on-year[9] - Revenue for the quarter was ¥3.01 billion, marking a 10.41% increase from the previous year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥276.41 million, a 49.96% increase year-on-year[9] - Basic earnings per share rose to ¥0.2731, up 15.24% from the previous year[9] - Operating profit for Q1 2014 was CNY 408.69 million, a 40.02% increase compared to the same period in 2013[21] - Net profit for Q1 2014 was CNY 343,793,970.99, up 37.0% from CNY 251,042,037.44 in Q1 2013[40] Assets and Liabilities - Total assets increased to ¥11.30 billion, a 10.65% increase compared to the end of the previous year[9] - The company's total liabilities increased to RMB 6.89 billion from RMB 6.07 billion, representing a growth of approximately 13.5%[31] - The company's total assets amounted to RMB 11.30 billion, an increase from RMB 10.21 billion at the beginning of the year[30] - Total liabilities rose to CNY 3,614,752,842.42, up from CNY 3,196,045,040.88, indicating an increase of 13.1%[36] Cash Flow - Operating cash flow net amount surged by 102.62% to ¥266.14 million compared to the same period last year[9] - Net cash flow from operating activities increased by 102.62% to CNY 266.14 million, reflecting higher cash receipts from sales[22] - Cash inflow from investment activities totaled ¥630,753,311.36, up from ¥348,985,296.49, marking an increase of approximately 80.5%[46] - Cash outflow for investment activities rose significantly to ¥1,551,618,467.97 from ¥449,680,042.85, resulting in a net cash flow from investment activities of -¥920,865,156.61[47] - Cash inflow from financing activities was ¥1,289,617,997.68, compared to ¥284,727,188.55 in the previous period, reflecting an increase of about 353.5%[47] Shareholder Information - The total number of shareholders reached 34,752 as of the report date[15] - The largest shareholder, Tian Shi Li Holding Group, holds 47.27% of the shares, amounting to 488,201,106 shares[15] Adjustments and Provisions - The company adjusted the provision for bad debts, resulting in an increase of ¥44.97 million in net profit attributable to the parent company for the quarter[10] - The company adjusted its bad debt provision ratio, resulting in a net profit increase of CNY 44.97 million for Q1 2014[22] Investments and Acquisitions - The company acquired 100% equity of Tianjin Jinsili New Energy Co., Ltd. for CNY 63.68 million, with payment completed in April 2014[24] - The company plans to acquire 30% equity of its subsidiary Tianjin Tianshili Pharmaceutical Marketing Group for RMB 45.53 million and will inject RMB 180 million into the subsidiary, increasing its registered capital to RMB 259 million, resulting in 100% ownership[25] - In 2013, the company acquired all equity of Jiangsu Tianshili Diyi Pharmaceutical Co., Ltd. for RMB 1.45 billion, with a profit forecast compensation agreement in place[26] Inventory and Receivables - Accounts receivable increased by 43.27% to CNY 2,939.51 million, attributed to expanded sales scale and longer collection periods[19] - Prepayments rose by 58.44% to CNY 272.63 million, mainly due to increased procurement and equipment payments[19] - Inventory decreased to RMB 1.19 billion from RMB 1.27 billion, reflecting a reduction of approximately 6.0%[29]