2015-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 13.11% to CNY 979.33 million year-on-year[5] - Operating revenue decreased by 2.50% to CNY 21.87 billion compared to the same period last year[5] - Basic earnings per share increased by 0.94% to CNY 0.322[6] - Total operating revenue for Q1 2015 was CNY 21.87 billion, a decrease of 2.5% from CNY 22.43 billion in the same period last year[43] - Net profit for Q1 2015 reached CNY 1.27 billion, an increase of 8.0% compared to CNY 1.18 billion in Q1 2014[43] - The company reported a gross profit margin of approximately 6.0% for Q1 2015, compared to 4.8% in the previous year, showing improved profitability[43] - Total comprehensive income attributable to the parent company for Q1 2015 was ¥970,231,367.19, compared to ¥852,382,401.44 in Q1 2014[44] - The company reported a total comprehensive income of ¥1,260,942,215.78 for Q1 2015, an increase from ¥1,157,683,994.33 in the previous year[44] Asset and Liability Changes - Total assets increased by 3.25% to CNY 77.45 billion compared to the end of the previous year[5] - Other receivables increased by 38.7% compared to the beginning of the period, mainly due to the consolidation of other receivables from subsidiaries not under the same control[13] - Other current assets increased by 42.99% compared to the beginning of the period, primarily due to an increase in uncredited taxes[14] - Available-for-sale financial assets increased by 77.71% compared to the beginning of the period, mainly due to new investments made during the period[15] - Goodwill increased by 482.92% compared to the beginning of the period, mainly due to the acquisition of assets not under the same control, where the acquisition cost exceeded the fair value of identifiable net assets acquired[16] - Short-term borrowings increased by 78.59% compared to the beginning of the period, primarily due to new borrowings by subsidiaries[18] - Long-term borrowings increased by 100% compared to the beginning of the period, mainly due to the balance of long-term borrowings from subsidiaries not under the same control[20] - Other non-current liabilities increased by 300.91% compared to the beginning of the period, primarily due to unpaid acquisition payments arising from consolidation[22] - The total liabilities of the company were CNY 44.12 billion, which is an increase from the previous total of CNY 43.43 billion[33] Cash Flow Analysis - Cash flow from operating activities increased by 0.81% to CNY 1.82 billion compared to the same period last year[5] - Net cash flow from investing activities decreased by 259.53% compared to the same period last year, mainly due to an increase in cash paid for investments[23] - Cash flow from investing activities for Q1 2015 was negative at -¥2,219,577,681.36, compared to -¥617,356,570.64 in Q1 2014[51] - The net cash flow from operating activities for Q1 2015 was -161,667,959.70 RMB, compared to -75,612,596.86 RMB in the same period last year, indicating a decline in operational cash flow[52] - Cash inflow from operating activities was 127,588,042.63 RMB, significantly lower than 251,445,347.10 RMB in Q1 2014, reflecting a decrease of approximately 49%[52] - Cash outflow from operating activities totaled 289,256,002.33 RMB, compared to 327,057,943.96 RMB in the previous year, showing a reduction of about 12%[52] Shareholder Information - The total number of shareholders reached 85,489 at the end of the reporting period[11] - The top shareholder, Haier Electric International, holds 20.66% of the shares[11] - The company's total share capital increased from 3,045,935,134 shares to 3,046,125,134 shares following the completion of stock option grants and restricted stock[24] Market and Product Development - Sales of smart home appliances exceeded 500,000 units, with a year-on-year growth of over 400%[7] - Revenue from the high-end brand Casarte grew by over 40% due to new product launches and channel expansion[7] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[43] Other Financial Metrics - The weighted average return on equity decreased by 1.34 percentage points to 4.36%[5] - The company's cash and cash equivalents stood at CNY 28.94 billion, slightly up from CNY 28.64 billion at the start of the year[32] - Accounts receivable decreased to CNY 6.78 billion from CNY 5.30 billion, indicating a significant increase of approximately 28.06%[32] - Inventory levels decreased to CNY 7.31 billion from CNY 7.56 billion, reflecting a reduction of about 3.29%[32] - Current liabilities totaled CNY 42.29 billion, up from CNY 41.63 billion, representing an increase of approximately 1.59%[33] - The company's long-term investments rose to CNY 3.60 billion from CNY 3.36 billion, marking an increase of about 7.24%[33] - The company reported a total non-current asset value of CNY 18.45 billion, up from CNY 15.53 billion, indicating a growth of about 18.66%[33]