Hundsun(SH:600570)2014-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 43.39% to CNY 56,626,304.76 year-on-year[9] - Operating revenue rose by 17.32% to CNY 201,703,378.06 compared to the same period last year[9] - Basic and diluted earnings per share increased by 50.00% to CNY 0.09[9] - Total operating revenue for the first quarter reached ¥201,703,378.06, an increase of 17.5% compared to ¥171,932,541.92 in the previous year[29] - Net profit attributable to the parent company was ¥56,626,304.76, up 43.5% from ¥39,490,888.73 year-over-year[29] - Total profit for Q1 2014 was RMB 72.75 million, representing an increase of 13.5% from RMB 64.24 million in the previous year[31] Assets and Liabilities - Total assets decreased by 5.50% to CNY 2,209,994,146.92 compared to the end of the previous year[9] - Total assets decreased to ¥2.21 billion, down from ¥2.34 billion at the beginning of the year[21] - Total liabilities decreased to ¥386,600,344.45 from ¥575,495,229.57, representing a reduction of 32.9%[26] - The company's total equity increased to ¥1,768,973,215.95, compared to ¥1,695,248,606.52, reflecting a growth of 4.3%[26] Cash Flow - Net cash flow from operating activities was negative at CNY -208,253,688.67, compared to CNY -139,792,054.16 in the previous year[9] - Cash flow from operating activities showed a net outflow of ¥208.25 million, a 48.97% increase in outflow compared to the previous year[16] - Cash inflow from operating activities was RMB 169.96 million, compared to RMB 144.01 million in Q1 2013, reflecting a growth of 17.7%[33] - Cash outflow from operating activities totaled RMB 378.21 million, an increase of 33.2% from RMB 283.80 million in the previous year[34] - Investment activities generated a net cash inflow of RMB 160.92 million, significantly up from RMB 70.18 million in Q1 2013[35] Shareholder Information - The total number of shareholders reached 11,546 at the end of the reporting period[13] - The largest shareholder, Hangzhou Hengsheng Electronic Group Co., Ltd., holds 20.62% of the shares[13] Government Support and Other Income - The company received government subsidies amounting to CNY 6,618,132.73 during the reporting period[10] - Non-operating income and expenses totaled CNY 23,952,995.44 after tax impacts[11] - The company reported a 90.23% increase in non-operating income to ¥35.36 million, mainly from increased VAT refunds[15] Investment and Financial Assets - Trading financial assets decreased by 39.76% to ¥88.29 million due to the redemption of open-end fund investments[15] - Accounts receivable increased by 34.78% to ¥205.33 million, primarily due to increased sales revenue[15] - Investment income surged by 1650.61% to ¥11.89 million, attributed to gains from the disposal of available-for-sale financial assets[15] - The company reported an investment income of ¥11,886,386.32, compared to a loss of ¥766,559.64 in the previous year[29] Operating Costs - Operating costs decreased by 40.95% to ¥13.19 million, mainly due to reduced sales of purchased goods[15] - The total operating costs for the quarter were ¥188,440,781.84, up 25.7% from ¥149,843,884.32[29] Inventory and Cash Management - The company's inventory rose to ¥5,543,858.47 from ¥3,542,623.42, an increase of 56.5%[25] - The cash and cash equivalents increased to ¥241,397,455.20 from ¥236,978,678.24, a slight rise of 1.8%[24] - The company reported a cash and cash equivalents balance of RMB 300.70 million at the end of Q1 2014, down from RMB 356.90 million at the beginning of the period[36] Miscellaneous - The company announced a significant equity transfer involving a total transaction amount of approximately ¥3.299 billion, changing the actual controller to Mr. Jack Ma[16] - The impact of exchange rate changes on cash and cash equivalents was a negative 16,287.64[39]