SHCF(SH:600621)2014-04-27 16:00Financial Performance - Operating revenue for the first quarter was CNY 183,503,312.78, representing a year-on-year increase of 9.09%[10] - Net profit attributable to shareholders of the listed company was CNY 42,709,503.69, a decrease of 2.01% compared to the same period last year[10] - Total operating revenue for the current period reached ¥183,503,312.78, an increase of 9.6% from ¥168,220,135.20 in the previous period[28] - Operating profit for the current period was ¥45,762,699.49, compared to ¥39,562,536.79 in the previous period, marking an increase of 15.6%[28] - Net profit decreased to ¥42,709,503.69 from ¥43,525,526.72, a decline of 1.9%[29] - Basic earnings per share for the current period was ¥0.0815, slightly down from ¥0.0832 in the previous period[29] Cash Flow - The net cash flow from operating activities was CNY 76,952,263.67, a significant recovery from a negative cash flow of CNY -124,123,675.40 in the previous year[10][15] - Cash flow from operating activities generated a net inflow of ¥76,952,263.67, a significant improvement from a net outflow of ¥124,123,675.40 in the previous period[35] - The net cash flow from operating activities was ¥89,267,470.96, compared to a negative cash flow of ¥142,137,208.25 in the same period last year, indicating a turnaround in operational performance[40] - Total cash outflow for operating activities was ¥148,866,487.87, down from ¥182,369,966.96, showing improved cash management[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,356,059,866.31, a decrease of 0.61% compared to the end of the previous year[10] - Total current assets decreased from CNY 2,369,135,199.27 to CNY 2,353,113,470.34, a decline of approximately 0.68%[20] - Total liabilities decreased from CNY 1,703,731,633.25 to CNY 1,640,478,058.33, a reduction of about 3.7%[22] - Total equity increased from CNY 1,672,872,304.29 to CNY 1,715,581,807.98, an increase of approximately 2.55%[22] - Total assets decreased from CNY 3,376,603,937.54 to CNY 3,356,059,866.31, a decline of about 0.61%[22] Shareholder Information - The company had a total of 66,775 shareholders at the end of the reporting period[13] - The largest shareholder, Huaxin Real Estate (Group) Co., Ltd., held 26.62% of the shares, totaling 139,517,522 shares[13] Property and Development - The company has 300 acres of industrial park land available for development in Shanghai[15] - The rental properties totaled 180,000 square meters, with an overall occupancy rate of 80% for factory use and 100% for economic hotel use[16] - The company sold 4,903.99 square meters of properties in the Jinling City project during the first quarter[17] Changes in Assets - Cash and cash equivalents increased from CNY 1,221,842,549.93 to CNY 1,298,443,202.42, an increase of about 6.5%[20] - Accounts receivable decreased from CNY 340,442,474.09 to CNY 257,997,538.59, a decrease of approximately 24.2%[20] - Inventory decreased slightly from CNY 733,010,164.97 to CNY 716,431,763.90, a decrease of about 2.25%[20] - Short-term borrowings increased from CNY 510,000,000.00 to CNY 530,000,000.00, an increase of approximately 3.92%[22] - Other receivables increased from CNY 8,396,805.76 to CNY 15,740,955.32, an increase of about 87.9%[20] - Long-term equity investments increased from CNY 364,625,636.57 to CNY 366,494,729.38, an increase of approximately 0.51%[20] Tax and Cost Management - The company paid ¥22,514,809.50 in taxes during the current period, a decrease from ¥48,811,982.26 in the previous period, indicating a reduction in tax liabilities[40] - Cash paid to employees decreased to ¥6,793,417.99 from ¥10,319,772.41, reflecting cost control measures[40]