AYIS(SH:600569)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders was CNY 36,762,821.67, a significant recovery from a loss of CNY 392,230,607.10 in the same period last year[11] - Operating revenue rose by 31.33% to CNY 6,444,190,017.80 compared to CNY 4,907,054,387.80 in the previous year[11] - Operating profit was CNY 32,507,784.64, a recovery from a loss of CNY 396,978,479.10 in the same period last year[16] - The company reported a basic earnings per share of CNY 0.0154, recovering from a loss of CNY 0.1639 in the same period last year[11] - Total operating revenue for the current period reached ¥6,444,190,017.80, an increase of 31.5% compared to ¥4,907,054,387.80 in the previous period[30] - Total operating costs amounted to ¥6,411,682,233.16, up from ¥5,304,032,866.90, reflecting a growth of 20.9%[31] - Net profit attributable to the parent company was ¥36,762,821.67, compared to a loss of ¥392,230,607.10 in the same period last year[31] Cash Flow - Net cash flow from operating activities increased by 73.80% to CNY 2,102,348,772.60 compared to CNY 1,209,603,869.09 in the same period last year[11] - The net cash flow from operating activities was CNY 2,102,348,772.60, a substantial increase from CNY 1,209,603,869.09, marking a growth of approximately 74%[36] - Cash inflow from operating activities amounted to CNY 6,876,267,099.15, an increase from CNY 6,512,580,652.86 in the previous period, reflecting a growth of approximately 5.6%[36] - Total cash outflow from operating activities was CNY 4,371,451,805.56, a decrease from CNY 4,841,039,110.32, indicating a reduction of about 9.7%[39] - Cash received from sales of goods and services was CNY 6,471,604,799.58, an increase from CNY 6,022,647,423.78, showing a growth of approximately 7.5%[39] Assets and Liabilities - Total assets increased by 3.35% to CNY 32,886,820,890.66 compared to the end of the previous year[11] - The company's total assets increased to ¥32,886,820,890.66 from ¥31,821,566,834.63, reflecting overall growth in financial position[24] - Total liabilities increased to ¥25,454,933,520.31 from ¥24,433,901,891.72, primarily due to higher short-term borrowings[24] - Total liabilities rose to ¥25,102,315,133.21, up from ¥23,805,891,992.08, indicating an increase of 5.4%[28] - Current liabilities totaled ¥21,815,842,751.82, compared to ¥20,319,799,978.27, marking a rise of 7.4%[28] Shareholder Information - The number of shareholders reached 150,094, with the largest shareholder, Anyang Iron and Steel Group, holding 60.11% of the shares[13] Inventory and Accounts Receivable - Accounts receivable increased by 103.13% to CNY 1,247,065,450.37 due to an increase in bank acceptance bill settlements[15] - Accounts receivable increased to ¥1,247,065,450.37 from ¥613,934,901.36, reflecting higher sales[22] - Inventory decreased slightly to ¥7,154,660,650.66 from ¥7,329,990,287.34, indicating improved inventory management[22] Financial Expenses and Cash Flow from Investing Activities - Financial expenses surged by 91.41% to CNY 301,624,250.69 compared to CNY 157,584,076.97 in the previous year[16] - The net cash flow from investing activities improved from -¥422,735,970.12 to -¥146,269,169.84, indicating a reduction in construction project expenditures[18] - Net cash outflow from investing activities was CNY -146,269,169.84, compared to CNY -422,735,970.12 in the prior period, indicating a significant reduction in cash outflow[37] Financing Activities - The net cash flow from financing activities worsened from -¥408,423,632.74 to -¥2,037,843,047.10 due to increased loan repayments and guarantee payments[19] - Cash inflow from financing activities amounted to CNY 2,598,579,808.81, down from CNY 3,154,333,912.03, representing a decrease of about 17.5%[37] - The company incurred CNY 3,486,000,000.00 in cash outflows for debt repayment, which is an increase from CNY 3,146,500,000.00, representing a rise of about 10.8%[37] - The net cash flow from financing activities was CNY -2,037,843,047.10, compared to CNY -408,423,632.74 in the previous period, indicating a significant increase in cash outflow[37] Future Outlook - The company expects to turn a profit by the end of the reporting period, compared to a loss in the same period last year, driven by cost reduction and marketing strategies[19]