SUNYARD(SH:600571)2014-04-25 16:00Financial Performance - Operating income for the first quarter was CNY 158,793,088.83, representing a 3.67% increase year-on-year[9] - Net profit attributable to shareholders was CNY 11,389,410.74, a 12.48% increase compared to the same period last year[9] - Basic earnings per share increased by 12.00% to CNY 0.056 compared to the same period last year[9] - The company reported a significant decrease of 71.20% in net profit after deducting non-recurring gains and losses, amounting to CNY 1,873,473.25[9] - Total operating revenue for Q1 2014 was CNY 158,793,088.83, an increase of 3.6% compared to CNY 153,165,648.73 in the same period last year[30] - Net profit for Q1 2014 reached CNY 8,202,490.91, representing a 11.8% increase from CNY 7,336,731.23 in Q1 2013[31] - The net profit attributable to shareholders of the parent company was CNY 11,389,410.74, up 12.5% from CNY 10,125,366.70 in the previous year[31] - Basic and diluted earnings per share for Q1 2014 were both CNY 0.056, compared to CNY 0.05 in Q1 2013[31] Assets and Liabilities - Total assets increased by 1.07% to CNY 975,681,012.27 compared to the end of the previous year[9] - Total assets increased to ¥975,681,012 from ¥965,361,354, reflecting growth in both current and non-current assets[22] - Total liabilities increased slightly to ¥333,821,224 from ¥331,596,154, indicating stable financial leverage[24] - Total liabilities decreased to CNY 199,539,848.72 from CNY 247,056,470.88 at the start of the year, a reduction of 19.2%[28] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 135,126,946.67, a decrease of 38.24% compared to the previous year[9] - Operating cash inflow from sales of goods and services increased to ¥139,128,272.47 from ¥118,527,229.59, representing a growth of approximately 17.4%[35] - Total cash inflow from operating activities reached ¥176,124,494.33, compared to ¥140,064,061.10 in the previous period, reflecting a growth of approximately 25.7%[35] - Net cash flow from operating activities was negative at -¥135,126,946.67, worsening from -¥97,750,861.64 in the prior period[36] Shareholder Information - The total number of shareholders as of the reporting date was 17,284[13] - The largest shareholder, Hangzhou Xinyada Electronics Co., Ltd., holds 21.25% of the shares, totaling 43,053,003 shares[13] Other Financial Metrics - The weighted average return on net assets was 1.84%, a decrease of 0.01 percentage points compared to the previous year[9] - Accounts receivable decreased significantly to ¥1,868,480 from ¥12,880,000 due to the use of acceptance bills for payment[15] - Prepayments increased substantially to ¥33,307,935 from ¥7,561,123 due to increased advance payments for raw materials by the environmental company[15] - Short-term borrowings rose sharply to ¥126,000,000 from ¥73,400,000 due to increased operational costs and raw material purchases[15] - Management expenses increased significantly to ¥79,166,542 from ¥60,225,159 due to an increase in personnel and related costs[16] - Investment income turned positive at ¥1,550,975 compared to a loss of ¥1,854,009 in the previous period due to the sale of part of the stock holdings[16] - Cash received from tax refunds increased to ¥9,812,747 from ¥4,578,428 due to increased VAT refunds on software product sales[17] - Cash received from government subsidies increased significantly to ¥27,183,474 from ¥16,958,402[18] - Cash paid for purchasing goods and services rose to ¥109,215,906 from ¥79,882,915 due to increased payments for accounts payable[18]