FACS(SH:600651)2014-04-25 16:00Financial Performance - Operating revenue decreased by 2.87% to CNY 483,511,251.58 year-on-year[10] - Net profit attributable to shareholders decreased by 67.64% to CNY 4,920,080.18 compared to the same period last year[10] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 60.37% to CNY 4,488,299.13[10] - The weighted average return on equity decreased by 0.9 percentage points to 0.415%[10] - Basic and diluted earnings per share decreased by 66.67% to CNY 0.007 per share[10] - Total operating revenue for the period was ¥483,511,251.58, a decrease of 2.6% from ¥497,819,526.05 in the previous period[29] - Net profit for the period was ¥6,699,491.39, a decline of 59.5% compared to ¥16,512,274.05 in the prior period[29] - The net profit attributable to the parent company was ¥4,920,080.18, down 67.7% from ¥15,201,983.04[29] - The company's operating revenue for the current period is 8,374,508.08 RMB, a decrease of 58.3% compared to 20,121,994.09 RMB in the previous period[32] - The net profit for the current period is -10,884,173.70 RMB, compared to -2,104,176.41 RMB in the previous period, indicating a significant increase in losses[32] - The total comprehensive income attributable to the parent company's owners is 2,299,581.37 RMB, a decrease of 83.1% from 13,630,132.89 RMB in the previous period[30] Assets and Liabilities - Total assets increased by 5.41% to CNY 2,568,394,496.45 compared to the end of the previous year[10] - Total liabilities rose to ¥1,283,763,184.43, an increase of 10.1% from ¥1,165,877,384.02[22] - Current liabilities totaled ¥862,446,955.59, up 15.0% from ¥749,658,418.01[22] - Non-current liabilities were ¥421,316,228.84, slightly up from ¥416,218,966.01, indicating a growth of 1.3%[22] - The company's equity increased to ¥1,284,631,312.02, a rise of 1.1% from ¥1,270,594,187.34[22] Cash Flow - The company reported a cash flow from operating activities of -CNY 22,094,071.76, an improvement from -CNY 78,681,549.26 in the same period last year[10] - Cash and cash equivalents at the end of the period were ¥87,310,771.78, compared to ¥22,689,994.10 at the beginning of the period[24] - The net cash flow from operating activities is -22,094,071.76 RMB, an improvement from -78,681,549.26 RMB in the previous period[36] - Cash and cash equivalents at the end of the period amount to 257,155,665.51 RMB, compared to 134,603,588.81 RMB at the end of the previous period[38] - The company reported a total cash inflow from operating activities of 454,141,912.41 RMB, compared to 442,147,681.91 RMB in the previous period[35] - The company experienced a foreign exchange impact on cash and cash equivalents of 450,647.75 RMB, compared to -5,508,072.13 RMB in the previous period[37] - The net increase in cash and cash equivalents was $64,620,777.68, showing a strong liquidity position[42] - The ending balance of cash and cash equivalents reached $87,310,771.78, up from $22,689,994.10 at the beginning of the period[42] Shareholder Information - The total number of shareholders reached 72,919 at the end of the reporting period[12] - The largest shareholder, Shanghai Yidian Electronics (Group) Co., Ltd., holds 18.79% of the shares[12] Investments and Acquisitions - The company established a subsidiary in South Africa with an investment of $1.275 million, in partnership with APPLO ILLUMINATION AND ELECTRICAL APPLIANCES (SA) (PTY) LTD[17] - The company paid the remaining 20% of the purchase price for the acquisition of Shenglan Industrial Co., Ltd., totaling ¥33,768,300[16] Other Financial Metrics - Financial expenses decreased by 32% to ¥7,937,658.17 from ¥11,622,810.52, mainly due to reduced exchange losses at Yaming Company[14] - Other comprehensive income decreased by 67% to -¥2,620,498.81 from -¥1,571,850.15, attributed to the decline in the fair value of available-for-sale financial assets[14] - Cash received from tax refunds surged by 14,499% to ¥12,405,544.09 from ¥84,976.48, driven by increased tax refunds for export products[15] - Investment income cash receipts increased by 100% to ¥2,400,000.00, resulting from dividends received from Huaxin Securities[15] - The company incurred financial expenses of 5,517,320.24 RMB, significantly higher than 1,817,438.41 RMB in the previous period[32] - Cash inflow from financing activities totaled $100,000,000, primarily from loans[41] - Cash outflow from financing activities was $360,000, resulting in a net cash flow from financing activities of $99,640,000[41]