DIMA(SH:600565)2014-04-24 16:00Financial Performance - Operating revenue increased by 98.21% to CNY 765,548,436.35 year-on-year[9] - Net profit attributable to shareholders increased by 579.40% to CNY 31,245,996.27 compared to the same period last year[9] - Basic earnings per share rose by 616.67% to CNY 0.043 per share[9] - The company reported a net profit of CNY 40,970,910.19 for the first quarter, an increase of 232.26% year-on-year[15] - Total profit increased primarily due to the increase in sales revenue[17] - Net profit for Q1 2014 was ¥40,970,910.19, up 232.5% from ¥12,330,797.28 in Q1 2013, with net profit attributable to shareholders amounting to ¥31,245,996.27, compared to ¥4,599,076.90 previously[33][34] - Operating profit for Q1 2014 was ¥55,078,279.28, representing a 161.2% increase from ¥21,046,969.36 in Q1 2013[33] Assets and Liabilities - Total assets decreased by 5.29% to CNY 11,183,820,460.32 compared to the end of the previous year[9] - The total assets as of March 31, 2014, were ¥3,929,161,878.26, an increase of 8.8% from ¥3,610,575,985.76 at the beginning of the year[31] - Total liabilities increased to ¥2,795,069,482.31, up 12.2% from ¥2,491,323,200.86 at the start of the year[31] - Long-term equity investments decreased by 80.97% to CNY 43,672,161.77 due to the transfer of a 40% stake in a joint venture[15] - Current liabilities decreased, with accounts payable dropping from RMB 1.09 billion to RMB 975.82 million[26] Cash Flow - Cash flow from operating activities turned negative at CNY -101,769,290.25, a decrease of 441.43% compared to the previous year[9] - Cash flow from operating activities showed a net outflow of ¥101,769,290.25 in Q1 2014, compared to a net inflow of ¥29,806,430.72 in Q1 2013[37] - The net cash flow from operating activities was 8,586,508.21 RMB, a decrease from 22,850,557.32 RMB in the previous period[41] - Cash inflow from financing activities totaled 1,247,290,000.00 RMB, up from 1,153,621,309.80 RMB in the prior period[38] - The net cash flow from financing activities was 58,870,016.35 RMB, a decrease from 301,349,115.67 RMB in the previous period[38] Shareholder Information - The number of shareholders totaled 75,312 at the end of the reporting period[12] - The largest shareholder, Chongqing Dongyin Holdings Group Co., Ltd., holds 38.02% of the shares[12] Future Plans and Expectations - The company plans to issue shares to purchase assets and raise supporting funds, which has been approved by the China Securities Regulatory Commission[18] - The company anticipates a significant increase in cumulative net profit due to the expansion of the consolidation scope, expected to rise by over 100% compared to the previous year[22] Investment and Financing Activities - The transfer of a 40% stake in Dongbao Real Estate to Jiangsu Huaxi Tongcheng Investment Holding Group was completed for a price of RMB 228.32 million[19] - Financial expenses increased due to an increase in borrowings[17] - Cash inflow from financing activities included 410,200,000.00 RMB from borrowings, slightly down from 435,000,000.00 RMB in the previous period[42] - The total cash outflow for financing activities was 855,795,088.71 RMB, an increase from 380,358,149.97 RMB in the prior period[42] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to ¥185,568,918.48 from ¥67,912,456.59, indicating a growth of 173.5%[30] - The company’s inventory decreased slightly to ¥8,750,095.52 from ¥9,403,150.65, a decline of 6.9%[30]