JSZY(SH:600770)2014-04-29 16:00Financial Performance - The company's operating revenue for Q1 2014 was CNY 160,115,331.64, representing a 34.91% increase compared to CNY 118,687,101.54 in the same period last year[13] - The net profit attributable to shareholders for Q1 2014 was CNY 2,402,453.26, a decrease of 61.42% from CNY 6,226,962.19 in Q1 2013[13] - The company reported a basic earnings per share of CNY 0.002 for Q1 2014, down 80% from CNY 0.01 in Q1 2013[13] - Total revenue for the current period reached ¥160,115,331.64, an increase of 35% compared to ¥118,687,101.54 in the previous period[30] - Net profit for the current period was ¥6,223,755.90, a decrease of 27% from ¥8,581,621.14 in the previous period[30] - The company reported a basic earnings per share of ¥0.002, down from ¥0.01 in the previous period[31] Cash Flow - The net cash flow from operating activities for Q1 2014 was -CNY 162,122,687.10, compared to -CNY 10,057,350.22 in Q1 2013, indicating a significant increase in cash outflow[13] - Operating cash inflow decreased to ¥112,369,506.39 from ¥148,180,250.80, a decline of approximately 24.2%[36] - Cash inflow from operating activities included ¥92,595,922.20 from sales, down from ¥105,057,343.06[36] - Total cash outflow from operating activities increased to ¥274,492,193.49 from ¥158,237,601.02, reflecting a rise of approximately 73.4%[36] - Investment activities generated a net cash inflow of ¥39,720,770.02, a significant improvement from a net outflow of ¥138,777,861.13 previously[37] - Cash inflow from investment activities was ¥90,514,437.00, compared to ¥7,892,857.00 in the previous period[37] Assets and Liabilities - The total assets as of March 31, 2014, were CNY 5,098,731,011.91, a slight increase of 0.39% from CNY 5,078,726,939.61 at the end of the previous year[13] - Total assets as of March 31, 2014, were ¥5,098,731,011.91, slightly up from ¥5,078,726,939.61 at the beginning of the year[24] - Total liabilities decreased to ¥1,792,902,379.39 from ¥1,796,091,481.18, a reduction of approximately 0.2%[24] - The company’s total liabilities increased, with long-term borrowings rising to CNY 46,861,592.44, reflecting new loans taken for project financing[16] - Total liabilities decreased to ¥1,304,034,454.13 from ¥1,361,052,528.02, a reduction of about 4.2%[28] Equity and Investments - The company’s total equity increased to ¥3,305,828,632.52 from ¥3,282,635,458.43, indicating a growth of about 0.7%[24] - The company’s long-term investments remained stable, with long-term equity investments at ¥879,256,507.64[22] - The company signed letters of intent for acquiring controlling stakes in multiple technology companies, including Beijing Zhangshang Feixun Technology Co., Ltd.[17] - The company recorded significant impairment provisions for two production lines at its subsidiary, Jiangsu Zongyi Photovoltaic Co., Ltd.[17] Government Support and Financial Expenses - The company received government subsidies amounting to CNY 1,557,651.76 during the quarter, which are closely related to its normal business operations[11] - The company’s financial expenses increased to CNY 15,313,172.67 in Q1 2014, up from CNY 11,278,268.54 in Q1 2013, primarily due to higher interest expenses[16] Cash and Cash Equivalents - As of March 31, 2014, cash and cash equivalents amounted to ¥642,991,131.84, down from ¥787,389,199.39 at the beginning of the year, representing a decrease of approximately 18.4%[22] - The company's cash and cash equivalents decreased significantly from ¥229,215,875.90 to ¥63,674,385.74, a drop of approximately 72%[27] - Total cash and cash equivalents at the end of the period decreased to ¥642,918,660.51 from ¥836,788,338.86[37]