TJ(SH:600667)2014-04-29 16:00Financial Performance - Operating revenue decreased by 9.29% to CNY 973,950,001.98 compared to the same period last year[10] - Net profit attributable to shareholders decreased by 530.01% to a loss of CNY 8,862,804.75 compared to a profit of CNY 2,061,088.48 in the same period last year[10] - Basic and diluted earnings per share dropped by 450.00% to -CNY 0.007[10] - Total operating revenue for the current period is approximately CNY 973.95 million, a decrease from CNY 1,073.72 million in the previous period, representing a decline of about 9.3%[32] - Net profit for the current period is CNY 17.00 million, down from CNY 31.35 million in the previous period, indicating a decline of approximately 45.8%[32] - Comprehensive income attributable to the parent company is approximately -CNY 2.02 million, a significant drop from CNY 29,096.05 in the previous period[33] - The company’s total profit for the current period is CNY 28.10 million, down from CNY 43.23 million in the previous period, reflecting a decrease of about 34.9%[32] Cash Flow - Cash flow from operating activities showed a significant decline of 114.15%, resulting in a negative cash flow of CNY 23,707,745.91[10] - Cash flow from operating activities shows a net outflow of approximately CNY -23.71 million, contrasting with a net inflow of CNY 167.53 million in the previous period[37] - Cash inflow from operating activities totaled $74,563,774.61, down 50% from $148,728,404.18 year-over-year[40] - Cash outflow from operating activities decreased to $65,361,006.40 from $174,771,719.81, indicating improved cost management[40] - The net increase in cash and cash equivalents was -$34,406,670.39, compared to -$119,395,247.92 in the previous period, indicating a reduced cash burn[42] - The ending cash and cash equivalents balance stood at $199,401,570.16, up from $151,117,021.19 year-over-year[42] Assets and Liabilities - Total assets increased by 1.34% to CNY 5,778,873,595.47 compared to the end of the previous year[10] - Total current assets increased to ¥2,252,350,184.82 from ¥2,110,115,852.60, representing a growth of approximately 6.7%[23] - Total liabilities increased to ¥3,578,931,805.81 from ¥3,531,774,970.87, reflecting a growth of about 1.3%[25] - Current liabilities totaled ¥3,150,634,823.85, up from ¥2,948,905,099.30, indicating an increase of approximately 6.8%[25] - Long-term borrowings decreased to ¥419,989,881.45 from ¥574,582,405.00, a reduction of about 26.9%[25] - Non-current assets decreased to ¥3,526,523,410.65 from ¥3,592,162,286.46, a decline of about 1.8%[24] Shareholder Information - The total number of shareholders reached 46,201 at the end of the reporting period[12] - The largest shareholder, Wuxi Industrial Development Group Co., Ltd., holds 32.08% of the shares, totaling 382,156,310 shares[12] Financial Expenses and Income - Financial expenses rose by 46.85% to 24,447,843.81 yuan, primarily due to a significant decrease in interest income from pledged assets[16] - The company incurred financial expenses of approximately CNY 24.45 million, an increase from CNY 16.65 million in the previous period, marking a rise of about 47.0%[32] - The company reported an asset impairment loss of approximately CNY 24.67 million, compared to a gain of CNY 1.13 million in the previous period[32] Future Outlook and Plans - The company anticipates that if operational conditions do not improve, the cumulative net profit for the first half of 2014 may be negative[19] - The company plans to maintain a cash dividend policy of at least 20% of distributable profits when conditions allow[19] - The company is committed to avoiding competition with its controlling shareholders and ensuring fair pricing in related transactions[18] - The company is negotiating with SK Hynix regarding post-contract cooperation models, with no agreements reached as of the report date[16] Other Comprehensive Income - Other comprehensive income increased by 436.64% to 12,437,424.71 yuan, attributed to significant fluctuations in the USD/RMB exchange rate[16]