CS&S(SH:600536)2014-04-28 16:00Financial Performance - Operating revenue increased by 8.82% to CNY 561,847,376.82 year-on-year[7] - Net profit attributable to shareholders was CNY -44,564,162.20, a decrease of 2,848.29% compared to the previous year[7] - Basic earnings per share dropped to CNY -0.180 from CNY 0.007, a decline of 2,608.37%[7] - The company reported a significant decrease in investment income, down 97.89% to CNY 392,600.00[15] - The total comprehensive income decreased by CNY 40,217,478.60 compared to the previous year[15] - Operating revenue decreased compared to the previous period, primarily due to a year-on-year decline in national project income[16] - The company predicts a significant decline in cumulative net profit attributable to shareholders compared to the same period last year, primarily due to a substantial decrease in investment income[24] - Total operating revenue for Q1 2014 was RMB 561,847,376.82, an increase of 8.8% from RMB 516,312,761.11 in the same period last year[35] - Net loss for Q1 2014 was RMB 57,911,482.05, compared to a net profit of RMB 1,125,602.45 in Q1 2013[35] - The company reported an operating profit of RMB -87,511,362.24 for Q1 2014, worsening from RMB -48,334,355.63 in the previous year[35] - The company’s total comprehensive loss for Q1 2014 was RMB -57,914,434.70, compared to RMB -17,696,956.10 in the same period last year[35] Cash Flow and Liquidity - Cash flow from operating activities was CNY -348,603,920.47, compared to CNY -318,261,614.03 in the same period last year[7] - Net cash flow from operating activities was -CNY 348,603,920.47, slightly worse than -CNY 318,261,614.03 in the same period last year[40] - The company's cash and cash equivalents dropped from CNY 1,648,935,646.86 to CNY 945,743,995.15, a decrease of approximately 42.7%[26] - The company's cash outflow for employee payments was CNY 184,413,668.72, an increase from CNY 168,445,232.86 in the previous year, reflecting higher labor costs[40] - The ending cash and cash equivalents balance was CNY 914,067,797.44, compared to CNY 786,305,042.60 at the end of the previous period, showing an increase[40] Assets and Liabilities - Total assets decreased by 10.21% to CNY 4,060,086,599.45 compared to the end of the previous year[7] - The company's current assets decreased from CNY 3,755,781,317.52 to CNY 3,306,603,679.61, a decline of about 11.9%[26] - Total liabilities decreased from CNY 2,214,031,439.79 to CNY 1,810,480,126.80, a reduction of about 18.2%[28] - The company's equity attributable to shareholders decreased from CNY 1,897,955,419.51 to CNY 1,853,388,304.66, a decline of approximately 2.3%[28] - The company's short-term borrowings decreased from CNY 663,617,733.67 to CNY 386,072,950.00, a reduction of about 41.8%[28] Investments and Shareholder Information - The number of shareholders at the end of the reporting period was 18,880[11] - The largest shareholder, China Electronics Corporation, holds 51.51% of the shares[11] - The company has committed to not engaging in any competitive business during its period as a controlling shareholder of China Software[23] - The company plans to sell its 30% stake in a subsidiary through public listing, with the initial price set at no less than 1 RMB[20] - A new wholly-owned subsidiary is being established with an investment of 10 million RMB, currently in the process of registration[20] - The company is in the process of selling or liquidating a 5% stake in a joint venture, with an initial listing price of 6.66 million RMB[21] Changes in Inventory and Receivables - The company's inventory increased from CNY 741,454,683.22 to CNY 891,970,665.82, an increase of approximately 20.3%[26] - The company reported a decrease in accounts receivable from CNY 1,029,371,389.54 to CNY 975,942,610.02, a decline of about 5.2%[26]