SCAC(SH:600618)2015-04-27 16:00Financial Performance - Operating revenue for the period was ¥1,540,819,806.42, representing a year-on-year increase of 12.29%[8] - Net profit attributable to shareholders was ¥4,057,976.87, a decrease of 62.60% compared to the same period last year[8] - Basic earnings per share were ¥0.0035, a decrease of 62.77% compared to ¥0.0094 in the same period last year[8] - Net profit for Q1 2015 decreased by 55.20% to 4,636,971.12 RMB from 10,349,328.21 RMB in Q1 2014[14] - Operating profit for Q1 2015 was 5,518,298.14 RMB, down 38.50% from 8,973,560.03 RMB in Q1 2014[14] - Total operating revenue for Q1 2015 was CNY 1,540,819,806.42, an increase of 12.3% compared to CNY 1,372,125,276.47 in the same period last year[26] - Total operating costs for Q1 2015 were CNY 1,554,382,671.31, up from CNY 1,375,238,808.40, reflecting a year-over-year increase of 13.0%[26] - The total comprehensive income for Q1 2015 was ¥9,924,495.51, compared to ¥14,266,169.92 in the same quarter last year, representing a decline of approximately 30.5%[29] Cash Flow - Net cash flow from operating activities was -¥52,610,580.45, showing a significant decline from -¥20,096,350.68 in the previous year[8] - Cash flow from operating activities for Q1 2015 was -52,610,580.45 RMB, a decrease of 32,514,229.77 RMB compared to -20,096,350.68 RMB in Q1 2014[16] - Cash flow from operating activities showed a net outflow of ¥52,610,580.45, worsening from a net outflow of ¥20,096,350.68 in Q1 2014[32] - Cash flow from investing activities resulted in a net outflow of ¥53,647,934.25, compared to a larger outflow of ¥86,895,896.07 in the previous year[32] - Cash flow from financing activities generated a net inflow of ¥35,238,005.23, a significant improvement from a net outflow of ¥105,050,678.22 in Q1 2014[33] - The company received cash from operating activities totaling ¥1,628,782,860.10, an increase from ¥1,539,851,947.46 in the previous year[32] - The company’s cash flow from financing activities included cash received from borrowings amounting to ¥929,158,187.97, compared to ¥235,650,000.00 in the same period last year[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,871,305,575, an increase of 2.03% compared to the end of the previous year[8] - Total assets as of March 31, 2015, were 5,871,305,575.00 RMB, an increase from 5,754,717,626.22 RMB at the beginning of the year[21] - Total liabilities as of March 31, 2015, were 3,606,563,040.59 RMB, compared to 3,498,456,005.50 RMB at the beginning of the year[20] - The company's total liabilities were CNY 3,566,758,610.33, up from CNY 3,451,795,890.83, indicating a rise of 3.3%[24] - Short-term borrowings decreased by 32.46% to 586,619,605.00 RMB from 868,531,399.29 RMB at the end of 2014[19] - Other receivables increased significantly by 1299.75% to 26,531,449.27 RMB from 1,895,445.80 RMB[14] - Inventory as of March 31, 2015, was 581,608,825.79 RMB, up from 497,804,243.07 RMB at the end of 2014[19] - The company reported a significant increase in other payables, rising by 47.99% to 1,056,560,783.05 RMB from 713,938,238.76 RMB[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 92,398[11] - The largest shareholder, Shanghai Huayi (Group) Company, held 50.29% of the shares[11] Company Developments - The company has not disclosed any new product developments or market expansion strategies in this report[13] - The company reported a non-recurring loss of -¥49,895,272.55 due to production stoppages at the Wu Jing base[9]