NPEC(SH:600775)2014-04-29 16:00Financial Performance - Operating revenue for Q1 2014 was CNY 579,190,554.20, representing a growth of 34.58% from CNY 430,370,588.32 in Q1 2013[7] - Net profit attributable to shareholders for Q1 2014 was CNY 26,518,201.75, up 16.73% from CNY 22,718,476.90 in the same period last year[7] - Basic earnings per share for Q1 2014 were CNY 0.0290, a decrease of 16.33% compared to CNY 0.0347 in Q1 2013[7] - Total operating revenue decreased to RMB 430.37 million from RMB 579.19 million, a decline of approximately 25.7% year-over-year[28] - Net profit for the period was RMB 23.06 million, down from RMB 26.86 million, representing a decrease of about 14.3% year-over-year[28] - Basic and diluted earnings per share increased to RMB 0.0347 from RMB 0.0290, an increase of approximately 19.6% year-over-year[28] - Total operating revenue for the period reached RMB 27,466,239.68, an increase of 1.95% compared to RMB 26,941,790.64 in the same period last year[37] - Net profit for the period was RMB 23,869,347.40, representing a growth of 11.76% compared to RMB 21,367,704.14 in the previous year[37] Cash Flow - The net cash flow from operating activities for Q1 2014 was CNY 15,732,311.80, a significant recovery from a negative cash flow of CNY -140,817,059.33 in Q1 2013[7] - Cash flow from operating activities generated RMB 15.73 million, a significant improvement compared to a negative cash flow of RMB -140.82 million in the previous year[30] - Cash flow from operating activities showed a net outflow of RMB 9,090,226.67, an improvement from a net outflow of RMB 168,150,760.09 in the same period last year[39] Assets and Liabilities - Total assets as of March 31, 2014, were CNY 4,196,849,164.47, an increase of 1.42% compared to CNY 4,138,059,514.52 at the end of 2013[7] - Cash and cash equivalents decreased by 36.91% to CNY 870,577,310.80 from CNY 1,379,826,018.92 at the end of 2013[13] - Total assets decreased slightly to RMB 3.29 billion from RMB 3.32 billion, a decrease of about 0.4%[32] - The company’s total liabilities decreased to RMB 1.12 billion from RMB 1.15 billion, reflecting a decrease of approximately 2.6%[32] - The company’s total liabilities decreased to RMB 384,464,382.61 from RMB 434,918,612.50 at the beginning of the year, reflecting a reduction of 11.6%[34] Shareholder Information - The total number of shareholders as of March 31, 2014, was 18,717, including 18,671 A-share shareholders and 46 H-share shareholders[10] - The largest shareholder, Panda Electronics Group Co., Ltd., held 36.63% of the shares, totaling 334,715,000 shares[10] Investment Activities - Investment activities generated a net cash outflow of RMB 449,742,058.08, compared to RMB 69,037,200.79 in Q1 2013[16] - The company reported a net cash outflow from investing activities of RMB -449.74 million, compared to RMB -69.04 million in the previous year[30] - The company reported an investment cash outflow of RMB 1,005,289,026.84, compared to RMB 3,291,685.51 in the same period last year[39] - The company recorded an investment income of RMB 40,971,596.90, down from RMB 48,012,362.50 year-on-year[37] Financial Ratios - The weighted average return on equity decreased to 0.85% in Q1 2014, down 0.49 percentage points from 1.34% in Q1 2013[7] - Financial expenses decreased by 144.60% to a negative RMB 2,609,229.58, reflecting a substantial reduction in short-term borrowings[16] - The company’s financial expenses showed a significant improvement, with a net income of RMB -3,250,702.74 compared to RMB 4,351,582.95 in the previous year[37]