SFH(SH:600615)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter was ¥20,355,780.37, representing a significant increase of 73.30% year-on-year[10] - Net profit attributable to shareholders was ¥3,548,680.43, a turnaround from a loss of ¥679,750.07 in the same period last year[10] - The weighted average return on net assets improved to 0.738%, compared to -0.139% in the previous year[10] - The company reported a basic earnings per share of ¥0.019, compared to a loss of ¥0.004 in the same period last year[10] - Net profit for the period was ¥3,871,484.80, compared to a net loss of ¥1,127,283.76 in the same quarter last year, indicating a strong recovery[31] - Earnings attributable to the parent company's shareholders were ¥3,548,680.43, compared to a loss of ¥679,750.07 in the previous year[32] - Basic and diluted earnings per share both stood at ¥0.019, recovering from a loss of ¥0.004 in the same period last year[32] Cash Flow - The company reported a net cash flow from operating activities of -¥82,688.80, an improvement from -¥102,125,380.55 in the previous year[10] - Cash inflows from operating activities totaled ¥18,778,194.25, a decrease from ¥47,027,747.93 in the previous year, primarily due to changes in working capital[37] - Cash outflows from operating activities were ¥18,860,883.05, leading to a net cash flow from operating activities of -¥82,688.80, compared to -¥102,125,380.55 last year[39] - The net cash flow from financing activities amounted to ¥97,000,000.00, indicating a significant inflow from borrowing[40] - The net increase in cash and cash equivalents for the period was ¥4,553,597.20, compared to a decrease of ¥379,929,724.93 in the previous period[40] - The ending balance of cash and cash equivalents was ¥27,454,211.22, up from ¥20,715,568.89 in the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period reached ¥626,098,933.15, an increase of 0.56% compared to the previous year[10] - The company's cash and cash equivalents increased to RMB 27,454,211.22 from RMB 22,900,614.02, representing a growth of approximately 19.5%[22] - Accounts receivable decreased to RMB 14,123,848.99 from RMB 17,732,429.39, a decline of about 20.5%[22] - Inventory increased to RMB 146,321,613.37 from RMB 143,282,441.04, reflecting a rise of approximately 2.1%[22] - Total liabilities decreased slightly to RMB 146,439,873.64 from RMB 146,796,566.07, a reduction of about 0.2%[24] - The total equity attributable to shareholders increased to RMB 482,435,929.61 from RMB 478,887,249.18, an increase of approximately 1.1%[24] Shareholder Information - The number of shareholders at the end of the reporting period was 16,989[13] - The top shareholder, Longxin Holdings Co., Ltd., holds 24.38% of the shares, totaling 45,837,331 shares[13] Investment Activities - Investment income from trust investments amounted to ¥5,688,750.00, a significant increase of 14,819.65% compared to the previous year[15] - The company has authorized management to purchase low-risk trust products or bank financial products up to RMB 550 million[17] - The company has committed to compensating up to RMB 27.8 million if the net profit of Chongqing Magnesium Technology Co., Ltd. falls below RMB 3.4 million during the 2013-2015 period[18] - Investment activities generated cash inflows of ¥5,988,750.00, while cash outflows totaled ¥1,352,464.00, resulting in a net cash flow from investment activities of ¥4,636,286.00[39] - Cash inflow from investment activities was ¥5,688,750.00, while cash outflow was ¥163,764.00, resulting in a net cash flow of ¥5,524,986.00[43] - The cash flow from investment activities showed a significant recovery compared to -¥363,440,296.41 in the previous period[43] Operating Costs - Total operating costs amounted to ¥22,467,975.94, up 72.5% from ¥13,034,471.97 year-over-year, with operating costs specifically rising to ¥17,778,127.83 from ¥10,850,791.11[31]