HASCO(600741)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 31.58% to CNY 1.13 billion, driven by strong market performance[14] - Operating revenue for the first quarter reached CNY 18.27 billion, reflecting an 11.54% increase year-on-year[14] - The company reported a basic earnings per share of CNY 0.436, up 31.58% from the previous year[9] - Net profit for Q1 2014 was ¥1.59 billion, up 7.46% from ¥1.48 billion in the same period last year[26] - The company's operating profit increased to ¥1.80 billion, reflecting a growth of 7.63% from ¥1.67 billion in Q1 2013[26] - Earnings per share (EPS) for Q1 2014 was ¥0.436, compared to ¥0.331 in Q1 2013, marking a 31.69% increase[26] Asset and Equity Changes - The company's total assets increased by 5.18% to CNY 57.08 billion compared to the previous year[9] - Total equity attributable to shareholders rose to ¥19,686,447,576.18 from ¥18,624,876,334.15, reflecting a growth in shareholder value[19] - The total equity increased to ¥18.16 billion, compared to ¥17.84 billion in the previous year, indicating a growth of 1.76%[26] - Other non-current assets increased by 125.63% to CNY 477.43 million, primarily due to increased investment prepayments[13] Cash Flow Analysis - The net cash flow from operating activities decreased significantly by 94.85% to CNY 34.99 million[9] - The company reported a significant decline in net cash inflow from operating activities primarily due to changes in payment settlement cycles[15] - Cash flow from operating activities generated a net amount of ¥34.99 million, a significant decrease from ¥679.53 million in Q1 2013[30] - The net cash flow from operating activities for Q1 2014 was -44,432,125.46 RMB, an improvement from -52,819,962.14 RMB in the same period last year[33] Investment and Financing Activities - The net cash flow from investing activities was -¥579,139,829.11, representing a decline of 489.81% from ¥148,571,109.65 in the previous year[15] - The total cash inflow from investment activities was 1,725,186,508.81 RMB, down from 2,882,067,607.17 RMB year-over-year[34] - The cash outflow for investment activities totaled 861,961,415.00 RMB, compared to 1,585,730,245.47 RMB in the previous year[34] - The total cash inflow from financing activities was 581,310,539.78 RMB, compared to 754,575,170.90 RMB in the previous year[34] - The net cash flow from financing activities decreased by 93.98% to ¥8,799,926.12 from ¥146,083,526.85 year-on-year[15] Cost and Profitability Metrics - The gross profit margin for the quarter was impacted by a 13.05% increase in operating costs, totaling CNY 15.66 billion[14] - The total cost of operations for Q1 2014 was ¥17.16 billion, up 11.93% from ¥15.25 billion in Q1 2013[26] - The company reported a decrease in comprehensive income to ¥1.55 billion from ¥1.72 billion in Q1 2013, reflecting a decline of 10.38%[26] Shareholder Information - The number of shareholders increased to 85,002, with Shanghai Automotive Group holding 60.10% of shares[10]