JCET(SH:600584)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,309,474,827.49, representing a growth of 16.53% year-on-year[7] - Net profit attributable to shareholders was CNY 1,362,745.35, up 19.86% from the same period last year[7] - Total profit increased by 54.24% to CNY 1,958,710.00, driven by higher profits from subsidiaries[13] - Net profit for Q1 2014 reached CNY 11,539,561.23, compared to CNY 8,285,510.96 in the previous year, representing an increase of 39.67%[23] Earnings and Shareholder Information - Basic earnings per share rose by 23.08% to CNY 0.0016[7] - Basic earnings per share for Q1 2014 were CNY 0.0016, compared to CNY 0.0013 in the same period last year, showing an increase of 23.08%[23] - The total number of shareholders as of the report date was 113,969[10] - Jiangsu Xinchao Technology Group Co., Ltd. holds 16.28% of the shares, making it the largest shareholder[10] Assets and Liabilities - Total assets increased by 6.55% to CNY 8,079,080,950.78 compared to the end of the previous year[7] - Total liabilities increased to CNY 5,429,257,029.14, up from CNY 4,942,630,188.58, reflecting a significant rise in long-term borrowings by 59.47% to CNY 1,190,327,928.00[17] - The company's total liabilities increased to CNY 4,492,594,447.00 from CNY 4,096,594,942.01, a rise of 9.65%[21] Cash Flow - Cash flow from operating activities decreased by 54.78% to CNY 42,401,828.02 compared to the previous year[7] - Operating cash flow decreased by 54.78% to CNY 4,240,180.00, primarily due to increased employee compensation and tax payments[13] - Cash inflow from operating activities reached CNY 1,413,291,144.19, an increase of 22.1% compared to CNY 1,157,550,115.89 in the previous period[27] - Net cash flow from operating activities was CNY 42,401,828.02, down 54.7% from CNY 93,777,263.95 in the previous period[27] Investments and Subsidiaries - The company plans to establish a joint venture with SMIC with a registered capital of USD 5 million, holding a 49% stake[14] - The company is in the process of setting up Jiangyin Dashi New Energy Technology Co., with a registered capital of CNY 100 million, in which it will hold a 40.62% stake[14] - The company reported a net investment loss of CNY 23,110.00, due to losses from associated companies[13] Government Support - The company received government subsidies amounting to CNY 8,467,553.41 during the reporting period[9] Other Financial Metrics - Cash and cash equivalents increased by 39.25% to CNY 121,042,570.57, primarily due to increased bank pledged deposits[13] - Accounts receivable rose by 41.02% to CNY 49,592,853.90, mainly due to an increase in pledged notes[13] - Financial expenses rose by 31.16% to CNY 5,751,810.00, attributed to an increase in loan scale[13] - Other receivables surged by 81.80% to CNY 1,720,540.00, mainly due to an increase in financing lease-back deposits[13]