XACIG(SH:600596)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,860,604,164.32, representing a 7.47% increase year-on-year[10] - Net profit attributable to shareholders decreased by 63.35% to CNY 40,944,048.22 compared to the same period last year[10] - Basic and diluted earnings per share fell by 63.34% to CNY 0.0603[10] - The net profit attributable to shareholders for the first half of 2014 is expected to decline by over 50% compared to the same period last year, primarily due to the suspension of operations at a subsidiary and decreased market prices for key products[18] - The company reported a total profit of ¥68,776,539.79, down from ¥135,672,580.99 in the previous period, indicating a decline of 49.3%[29] - Net profit for the current period was ¥42,940,078.87, a decrease of 63.7% from ¥118,476,991.57 in the previous period[29] Cash Flow - Net cash flow from operating activities was negative at CNY -87,876,308.19, a decline of 159.00% compared to the previous year[10] - Cash flow from operating activities showed a net outflow of ¥87,876,308.19, compared to a net inflow of ¥148,951,376.88 in the previous period[34] - Investment activities resulted in a net cash outflow of ¥101,367,791.68, compared to a net inflow of ¥59,800,935.86 in the previous period[35] - Financing activities generated a net cash inflow of ¥157,150,838.66, reversing from a net outflow of ¥112,983,941.38 in the previous period[35] - Cash inflows from operating activities totaled $750.4 million, down 15% from $883.3 million in the previous period[37] - Cash outflows for operating activities were $874.5 million, a decrease of 7% compared to $941.3 million last year[37] Assets and Liabilities - Total assets increased by 5.76% to CNY 7,656,065,828.87 compared to the end of the previous year[10] - Total liabilities rose to CNY 2,841,279,655.88, up from CNY 2,473,415,285.75, reflecting an increase of about 14.8%[22] - Current assets rose to CNY 2,737,127,475.69, up from CNY 2,664,703,210.36, indicating an increase of about 2.7%[21] - Non-current assets totaled CNY 4,918,938,353.18, up from CNY 4,574,256,523.79, reflecting an increase of about 7.5%[21] - Short-term borrowings surged to CNY 757,358,129.94 from CNY 432,235,519.67, marking an increase of around 75.0%[22] - Owner's equity totaled CNY 4,814,786,172.99, compared to CNY 4,765,544,448.40, showing a growth of approximately 1.0%[22] Shareholder Information - The total number of shareholders was 87,738 at the end of the reporting period[12] - The largest shareholder, Chuanhua Group Co., Ltd., holds 14.98% of the shares, totaling 101,725,800 shares[12] Government and Regulatory Matters - The company received government subsidies amounting to CNY 1,035,419.04 during the reporting period[11] - The company faced a penalty of ¥99,000 due to environmental violations, but production was resumed in March 2014 after rectification[17] Other Financial Metrics - The weighted average return on net assets decreased by 1.80 percentage points to 0.93%[10] - The company's investment income decreased by 33.19% to ¥9,467,353.71, mainly due to a reduction in entrusted loans and other investments[15] - The company's income tax expense rose by 50.25% to ¥25,836,460.92, primarily due to a decrease in deferred income tax assets[15] - The company reported a 42.96% decrease in business taxes and surcharges to ¥2,236,485.43, mainly due to reduced turnover tax[15]