SD(SH:600626)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,645,998,056.52, representing a growth of 6.69% year-on-year[10] - Net profit attributable to shareholders decreased by 46.14% to CNY 30,276,703.48 compared to the same period last year[10] - Basic and diluted earnings per share were both CNY 0.0426, a decrease of 46.14% year-on-year[10] - The company reported a decrease of 12.13% in net profit after deducting non-recurring gains and losses, totaling CNY 28,267,169.31[10] - Net profit attributable to the parent company decreased by 46.14% to ¥30,276,703.48 from ¥56,212,981.58, influenced by various factors[16] - Investment income fell by 65.74% to ¥7,810,129.28 from ¥22,797,587.29, due to the absence of prior year gains from equity disposals[16] - Other operating income decreased by 99.43% to ¥178,769.49 from ¥31,547,583.14, as last year included significant compensation income[16] - Net profit for the current period was ¥33,880,978.06, down 42.3% from ¥58,657,481.10 in the previous period[30] - The company’s total profit for the current period was ¥36,305,660.35, a decrease of 55.6% compared to ¥81,767,434.66 in the previous period[30] Cash Flow - The net cash flow from operating activities was negative at CNY -362,203,617.25, compared to CNY -212,270,541.01 in the previous year[10] - Cash flow from operating activities showed a net outflow of ¥362,203,617.25, worsening from a net outflow of ¥212,270,541.01 in the previous period[35] - Cash inflow from operating activities totaled $1.20 billion, compared to $1.16 billion, showing a slight increase in operational cash generation[40] - Cash outflow for purchasing goods and services was $1.34 billion, up from $1.23 billion, reflecting increased operational costs[40] - Cash received from investment income was $2.49 million, down from $43.43 million, indicating a decline in investment returns[40] - Cash received from borrowings was $95.72 million, significantly higher than $26.51 million, highlighting increased reliance on debt financing[40] Assets and Liabilities - Total assets increased by 3.27% to CNY 3,913,605,847.00 compared to the end of the previous year[10] - Current assets rose to CNY 2,406,162,933.95, up from CNY 2,307,462,735.42, indicating an increase of about 4.29%[21] - Total liabilities rose to CNY 1,560,148,458.68 from CNY 1,469,935,644.28, an increase of approximately 6.14%[23] - Total equity increased to CNY 2,353,457,388.32 from CNY 2,319,843,779.96, reflecting a growth of about 1.44%[23] - Cash and cash equivalents decreased significantly from CNY 1,105,239,519.54 to CNY 665,707,053.64, a decline of approximately 39.8%[21] - Accounts receivable increased to CNY 529,870,731.35 from CNY 320,042,433.40, representing a growth of about 65.5%[21] - Inventory increased to CNY 276,666,535.85 from CNY 246,538,578.81, a rise of about 12.2%[21] - Short-term borrowings surged to CNY 127,387,395.36 from CNY 31,000,000.00, indicating an increase of approximately 311.5%[22] Shareholder Information - The total number of shareholders was 71,437 at the end of the reporting period[13] - The largest shareholder, Shanghai State-owned Assets Supervision and Administration Commission, holds 31.07% of the shares[13] Legal Matters - The company is involved in a lawsuit for a total of ¥79,965,748.15 against a related party for outstanding debts[17] - The company expects to receive payments from the lawsuit in installments throughout 2014, totaling ¥30,951,700 and ¥51,253,000[17] Government Support - The company received government subsidies amounting to CNY 126,870.50 during the reporting period[12] Investment Activities - Total cash inflow from investment activities was $192.49 million, up from $93.64 million, reflecting improved investment recovery[40] - Cash outflow from investment activities decreased to $223.33 million from $310.98 million, showing a reduction in capital expenditures[40]