Shenqi(SH:600613)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 252,805,905.39, a significant increase of 146.12% year-on-year[12] - Net profit attributable to shareholders was CNY 28,198,242.86, representing a growth of 79.22% compared to the same period last year[12] - The net profit after deducting non-recurring gains and losses was CNY 28,990,767.18, up 105.84% year-on-year[12] - Basic earnings per share increased by 20.00% to CNY 0.06 compared to the previous year[12] - Total operating revenue for the period reached ¥252,805,905.39, a significant increase from ¥102,715,798.72 in the previous period, representing a growth of approximately 146.1%[27] - Net profit for the period was ¥28,717,692.23, compared to ¥16,158,807.97 in the prior period, reflecting a growth of approximately 77.5%[28] - Earnings per share (EPS) for the current period was reported at ¥0.06, an increase from ¥0.05 in the previous period[28] Assets and Liabilities - Total assets increased by 6.89% to CNY 2,132,836,725.82 compared to the end of the previous year[12] - The total assets of Shanghai Magic Pharmaceutical Investment Management Co., Ltd. as of March 31, 2014, amounted to CNY 2,132,836,725.82, an increase from CNY 1,995,432,632.54 at the beginning of the year[19] - Current assets increased to CNY 1,231,677,860.55 from CNY 1,114,668,705.26, reflecting a growth of approximately 10.5%[19] - Total liabilities increased to CNY 278,934,023.60 from CNY 183,421,474.75, marking a rise of approximately 52%[21] - The total assets of the company were ¥1,689,034,902.61, slightly down from ¥1,690,441,090.30[24] - Total liabilities stood at ¥88,652,365.09, a minor decrease from ¥89,035,773.29[24] Cash Flow - The company reported a net cash flow from operating activities of -CNY 72,348,925.82, a decrease of 157.92% year-on-year[12] - Cash inflows from operating activities were ¥216,382,657.80, down from ¥263,872,530.88 in the prior period, indicating a decrease of approximately 18%[31] - Operating cash outflow totaled ¥288,731,583.62, compared to ¥138,956,048.66 in the previous period, indicating a significant increase in cash outflows[32] - Net cash flow from operating activities was -¥72,348,925.82, a decline from ¥124,916,482.22 in the prior period[32] - Cash inflow from investment activities was ¥279,800.00, while cash outflow for investments reached ¥7,466,313.47, resulting in a net cash flow from investment activities of -¥7,186,513.47[33] - Cash inflow from financing activities amounted to ¥30,048,333.84, with cash outflow totaling ¥115,983.57, leading to a net cash flow from financing activities of ¥29,932,350.27[33] Shareholder Information - The number of shareholders reached 19,688 by the end of the reporting period[13] - The largest shareholder, Guizhou Magic Investment Co., Ltd., holds 24.59% of the shares, totaling 109,418,017 shares[13] Governance and Compliance - The company has committed to maintaining the independence of its operations and financial structure, with a long-term commitment to not engage in similar business activities with its actual controllers[17] - The company has a profit forecast agreement in place, ensuring compensation if actual net profits fall below projected levels for the years 2013-2015[17] - The company is focused on reducing related party transactions to enhance compliance and governance standards[17] Other Financial Metrics - The weighted average return on equity decreased by 1.77 percentage points to 1.57%[12] - The company received government subsidies amounting to CNY 62,228.90 during the reporting period[12] - The company's equity attributable to shareholders rose to CNY 1,827,022,591.67 from CNY 1,785,650,496.61, an increase of about 2.3%[21] - The company's cash and cash equivalents decreased to CNY 278,018,725.97 from CNY 327,621,791.99, a decline of about 15%[19] - Accounts receivable rose to CNY 382,713,056.07 from CNY 337,883,174.58, indicating an increase of approximately 13.2%[19] - Inventory increased significantly to CNY 121,852,520.63 from CNY 84,575,755.03, representing a growth of around 44%[19] - The company reported a decrease in other comprehensive income, with a total of -¥1,923.36 compared to -¥3,846.72 previously[28] - The cash flow from financing activities included cash received from borrowings of ¥30,000,000.00, down from ¥100,000,000.00 in the prior period[33] - The net increase in cash and cash equivalents was -¥49,603,066.02, contrasting with an increase of ¥113,980,386.83 in the previous period[33] - The ending balance of cash and cash equivalents was ¥278,018,725.97, down from ¥327,621,791.99 at the beginning of the period[34] - Total cash inflow from operating activities was ¥2,286.73, while cash outflow reached ¥1,318,894.06, resulting in a net cash flow of -¥1,316,607.33[36] - Cash outflow for employee payments was ¥266,619.00, an increase from ¥181,299.00 in the previous period[36] - The company reported a cash outflow of ¥1,052,264.26 related to other operating activities, compared to ¥321,015.32 previously[36]