TEC(SH:600780)2014-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 48.73% to CNY 189,850,182.26 compared to the same period last year[12] - Operating revenue rose by 8.27% to CNY 1,723,888,303.72 compared to the same period last year[12] - Basic earnings per share increased by 48.78% to CNY 0.1656 compared to the same period last year[12] - Operating profit for Q1 2014 reached CNY 255,214,231.90, up 47.24% from CNY 173,362,879.57 in Q1 2013[31] - The company reported a total comprehensive income of CNY 193,744,082.66 for Q1 2014, compared to CNY 129,597,082.93 in Q1 2013, indicating a growth of 49.5%[31] Asset and Liability Management - Total assets decreased by 1.25% to CNY 7,992,404,392.52 compared to the end of the previous year[12] - Total liabilities decreased from CNY 4,190,359,697.95 to CNY 3,891,388,128.21, a reduction of about 7.14%[24] - The total equity attributable to shareholders increased from CNY 3,851,397,789.13 to CNY 4,040,958,520.90, an increase of approximately 4.9%[24] - Current assets decreased from CNY 1,663,373,532.40 at the beginning of the year to CNY 1,607,397,830.06, reflecting a decline of approximately 3.35%[23] - The company's cash and cash equivalents decreased from CNY 837,868,220.28 to CNY 582,526,271.57, a reduction of about 30.5%[23] Cash Flow Analysis - Net cash flow from operating activities decreased by 40.22% to CNY 231,489,987.59 compared to the same period last year[12] - Cash flow from operating activities for Q1 2014 was CNY 231,489,987.59, down 40.31% from CNY 387,244,877.15 in Q1 2013[36] - The company reported a total cash outflow of 2,277,994.73 RMB from operating activities, which included payments to employees and taxes[41] - The cash flow from operating activities was significantly impacted by a decrease in cash received from sales and services[41] - The company experienced a net decrease in cash and cash equivalents of -1,972,134.52 RMB during the quarter, compared to an increase of 95,903,144.19 RMB in the same quarter last year[41] Shareholder Information - The number of shareholders totaled 71,324 at the end of the reporting period[14] Government Support - The company received government subsidies amounting to CNY 887,519.85 related to normal business operations[11] Borrowing and Financing - Long-term borrowings increased due to additional bank loans taken by the company[16] - The company's short-term borrowings decreased from CNY 840,000,000.00 to CNY 560,000,000.00, a decline of 33.33%[24] - Financing activities generated a cash inflow of CNY 339,320,000.00 in Q1 2014, down from CNY 876,080,000.00 in Q1 2013[36] Corporate Governance and Compliance - The company has not violated any commitments regarding independent operations, fund usage, or undisclosed liabilities[21] - The company is actively addressing land and property rights issues and has not encountered any breaches of commitments related to avoiding competition[21] - There are no significant changes expected in cumulative net profit compared to the previous year[21] Investment Activities - Investment activities resulted in a net cash outflow of CNY 315,737,841.71 in Q1 2014, compared to a net outflow of CNY 241,029,453.35 in the same period last year[36] - The company paid 30,000,000.00 RMB for the acquisition of fixed assets during the investment activities[41]