SCTE(SH:600674)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders increased by 80.02% to CNY 396,384,534.03 compared to the same period last year[10] - Basic earnings per share increased by 72.40% to CNY 0.1924[10] - Net profit for the period reached RMB 413,491,904.32, an increase of 73.7% compared to RMB 237,880,064.08 in the previous period[26] - Investment income rose by 92.48% to CNY 351,201,299.50 compared to the same period last year[14] - Investment income for the period was RMB 351,201,299.50, significantly higher than RMB 182,464,844.15 in the previous period, marking a growth of 92.5%[26] Assets and Liabilities - Total assets increased by 0.85% to CNY 17,366,348,467.25 compared to the end of the previous year[10] - The total assets of the company as of March 31, 2014, amounted to ¥17,366.35 million, compared to ¥17,219.46 million at the beginning of the year[19] - The company's total assets increased to RMB 13,470,259,267.24 from RMB 13,220,262,115.16, reflecting a growth of 1.9%[23] - Total liabilities decreased from ¥6,376.36 million to ¥6,106.10 million, indicating a reduction in financial obligations[20] - Total liabilities decreased to RMB 3,072,589,170.03 from RMB 3,138,684,290.47, a reduction of 2.1%[23] Cash Flow - Operating cash flow decreased by 41.07% to CNY 121,904,313.95 compared to the previous year[10] - The net cash flow from operating activities decreased year-on-year due to an increase in accounts receivable and a reduction in actual electricity payments received[15] - Operating cash inflow for the period was 331,943,615.78 RMB, down 20.6% from 418,305,327.24 RMB in the previous period[30] - Net cash outflow from operating activities was 121,904,313.95 RMB, compared to 206,876,913.48 RMB in the previous period, indicating a decrease of 41%[30] - The net increase in cash and cash equivalents was -203,962,243.27 RMB, worsening from -60,075,727.67 RMB in the previous period[30] Shareholder Information - The total number of shareholders was 46,436, with the largest shareholder holding 52.78%[12] - Shareholder equity rose to RMB 10,397,670,097.21, up from RMB 10,081,577,824.69, indicating an increase of 3.1%[23] Operational Highlights - The sales revenue of Tianwanhe Company increased by 10.47% to ¥23,187.35 million, while the net profit rose by 20.86% to ¥9,830.00 million[15] - The sales revenue of Jiayang Electric decreased by 37.88% to ¥4,775.13 million, with a net profit decline of 835.18% to ¥913.95 million[15] - The company expects significant growth in investment income due to the increased power generation and revenue from the 48% stake in Yalongjiang Company[17] Strategic Initiatives - The company plans to resolve industry competition by injecting other qualifying assets into Sichuan Chuantou Energy within three years after the issuance of convertible bonds[15] - The company has initiated the acquisition of Sichuan Electric Power Development Company, with the audit and evaluation work completed[16]