CSF(SH:600654)2014-04-22 16:00Financial Performance - Operating revenue for the first quarter was CNY 446,361,864.89, down 15.51% year-on-year from CNY 528,329,088.55[9] - Net profit attributable to shareholders was CNY 20,997,383.31, a decrease of 19.28% compared to CNY 26,012,111.45 in the same period last year[9] - The company's net profit for the current period is CNY 22,681,366.25, compared to CNY 28,768,381.65 in the previous period, reflecting a decrease of approximately 21.2%[28] - Operating profit increased to CNY 22,586,310.94 from CNY 18,377,402.84, representing a growth of about 22.0%[28] - The company reported a total comprehensive income of CNY 22,681,366.25, compared to CNY 28,040,674.53 in the previous period, a decrease of approximately 19.1%[28] Cash Flow - Cash flow from operating activities was negative CNY 57,248,910.72, compared to negative CNY 10,940,639.42 in the previous year[9] - The net cash flow from operating activities was negative at CNY -57,248,910.72, worsening from CNY -10,940,639.42 in the previous period[32] - Cash inflow from investment activities was CNY 50,919,724.32, compared to CNY 34,589,536.13 in the previous period, an increase of about 47.4%[33] - Cash inflow from financing activities increased to CNY 64,090,000.00 from CNY 35,600,000.00, reflecting an increase of approximately 80.0%[33] - The net increase in cash and cash equivalents was $42,253,275.60, compared to $11,969,496.77 in the prior year, showing a substantial increase of approximately 253%[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,145,593,234.49, a decrease of 0.99% compared to the end of the previous year[9] - Total liabilities decreased to CNY 541,244,161.93 from CNY 585,272,346.65, a reduction of 7.5%[21] - Shareholders' equity increased to CNY 1,604,349,072.56 from CNY 1,581,667,706.31, reflecting a growth of 1.4%[21] - Accounts receivable increased to CNY 445,342,419.24 from CNY 428,057,158.57, reflecting a growth of 4.9%[19] - Inventory decreased to CNY 264,930,958.71 from CNY 274,398,613.43, showing a decline of 3.9%[19] Investment and Income - The company reported a significant increase in other receivables, rising by 150.15% to CNY 20,313,271.98 due to increased receivables from subsidiaries[15] - The company reported a 36.85% increase in investment income, amounting to CNY 35,114,859.61, due to increased long-term equity investment income[15] - Investment income rose to CNY 35,114,859.61, up from CNY 25,659,167.22, marking an increase of approximately 37.0%[28] - Cash received from investment income was $50,783,149.61, an increase from $35,193,259.00, reflecting a growth of about 44.5%[36] Operational Changes - The company is in the process of a major asset restructuring, with stock trading suspended since April 15, 2013, and is currently adjusting its asset purchase plan[14][15] - The weighted average return on equity decreased by 0.46 percentage points to 1.40%[9] - The number of shareholders at the end of the reporting period was 70,476[12] - The company did not provide any warnings regarding potential losses or significant changes in net profit compared to the previous year[16] Other Financial Metrics - Cash and cash equivalents at the end of Q1 2014 amounted to CNY 202,637,879.45, slightly down from CNY 204,117,673.11 at the beginning of the year[19] - Long-term investments decreased to CNY 573,490,729.97 from CNY 589,159,019.97, indicating a decline of 2.7%[19] - Total operating costs for Q1 2014 were CNY 458,890,413.56, down from CNY 535,660,514.60 in the previous year, indicating a reduction of 14.4%[27] - The total revenue from sales of goods and services received cash of CNY 372,726,560.38, down from CNY 408,223,002.13, indicating a decline of about 8.6%[30] - The ending cash and cash equivalents balance decreased to CNY 202,637,879.45 from CNY 242,025,126.27, a decline of about 16.3%[33]