Tstc(SH:600552)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 215,363,530.54, representing a year-on-year increase of 1.34%[9] - Net profit attributable to shareholders was CNY 23,615,465.41, up 13.63% from the previous year[9] - The company reported a basic earnings per share of CNY 0.0987, down 16.64% year-on-year[9] - Total operating revenue for the first quarter was CNY 215,363,530.54, an increase from CNY 212,514,733.07 in the previous period, representing a growth of approximately 0.87%[30] - Net profit for the period was CNY 23,901,203.99, up from CNY 22,175,125.94, indicating an increase of approximately 7.77%[31] - The net profit attributable to the parent company's shareholders was CNY 23,615,465.41, compared to CNY 20,783,039.33 in the previous period, reflecting a growth of around 13.3%[31] - Basic and diluted earnings per share were both CNY 0.0987, down from CNY 0.1184 in the previous period[31] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 58.22% to CNY 21,756,077.09 compared to the same period last year[9] - The net cash flow from operating activities decreased by 58.22%, amounting to ¥21,756,077.09 compared to ¥52,072,597.87 in the previous period, primarily due to a reduction in cash received from sales[16] - Cash payments to employees increased by 49.65%, totaling ¥36,691,054.03, attributed to an increase in the number of employees and salaries[16] - Investment cash outflows surged by 184.69%, reaching ¥106,006,597.18, driven by increased expenditures on investment projects[16] - The cash and cash equivalents at the end of the period decreased by 43.75%, amounting to ¥562,813,253.75 compared to ¥1,000,502,464.01 at the beginning of the period[17] - The company reported a cash flow from operating activities of CNY 197,342,174.03, indicating a decrease in cash inflow compared to the previous period[34] - Operating cash inflow for the period was CNY 202,082,822.74, compared to CNY 220,964,144.22 in the previous period, reflecting a decrease of approximately 8.0%[35] - Net cash outflow from operating activities was CNY 21,756,077.09, down from CNY 52,072,597.87, indicating a significant decline in cash generation[35] - Financing activities generated a net cash outflow of CNY 52,368,730.28, a stark contrast to the previous period's inflow of CNY 941,300,850.56, indicating a shift in financing strategy[36] - The ending cash and cash equivalents balance decreased to CNY 562,813,253.75 from CNY 1,000,502,464.01, a decline of approximately 43.7%[36] - The net increase in cash and cash equivalents for the period was CNY -104,211,303.05, a significant decrease compared to the previous period's increase of CNY 639,142,383.09[39] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,132,009,330.73, an increase of 1.46% compared to the end of the previous year[9] - The total current assets decreased from ¥1,428,213,593.51 to ¥1,322,842,069.17, reflecting a decline in cash and cash equivalents[22] - The company's short-term borrowings increased by 11.73%, reaching ¥333,532,985.12 from ¥298,541,159.69[23] - The total liabilities decreased slightly from ¥1,000,000,000 to ¥988,000,000, indicating a stable financial position despite cash flow challenges[22] - Total liabilities decreased to CNY 102,256,222.39 from CNY 118,226,549.62, a reduction of approximately 13.5%[28] - The company's total equity was CNY 1,166,651,550.55, slightly down from CNY 1,168,049,423.05[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,699[10] - The largest shareholder, Anhui Huaguang Optoelectronic Materials Technology Group Co., Ltd., holds 24.82% of the shares[10] Expenditures - Prepayments increased by 32.96% to CNY 86,484,750.45 due to increased advance payments for projects[14] - Development expenditures rose by 67.05% to CNY 13,486,051.68, reflecting increased spending on new product development[14] - Cash outflow for the purchase of fixed assets and other long-term assets was CNY 84,415,271.24, compared to CNY 27,667,073.13, reflecting a substantial increase in capital expenditures[39] - The company received CNY 40,000,000.00 from borrowings, an increase from CNY 20,000,000.00 in the previous period, indicating a strategy to enhance liquidity[39]