FJC(SH:600802)2014-04-28 16:00Financial Performance - Operating revenue increased by 25.66% to CNY 387,780,787.85 compared to the same period last year[9] - Net profit attributable to shareholders was a loss of CNY 23,292,489.64, an improvement from a loss of CNY 53,492,329.73 in the previous year[9] - Total profit increased by 70.87%, driven by higher sales volume and lower unit product costs[17] - Net profit attributable to the parent company increased by 56.46%, reflecting a significant increase in total profit[17] - Cash received from sales of goods and services increased by 49.56%, attributed to higher average selling prices and increased sales volume[18] - Tax expenses increased by 198.76%, corresponding to the rise in operating income and profit[20] - Operating profit was reported at -¥15,969,944.92, an improvement from -¥61,111,610.05 in the prior period[34] - Net profit for the period was -¥19,687,892.56, compared to -¥50,795,070.58 in the previous period, indicating a significant reduction in losses[34] Assets and Liabilities - Total assets decreased by 4.22% to CNY 4,494,701,538.41 compared to the end of the previous year[9] - The company's total assets amounted to CNY 4.495 billion, a decrease from CNY 4.693 billion at the beginning of the year[25] - The company's current assets totaled CNY 883.44 million, down from CNY 1.071 billion at the beginning of the year[25] - The company's total liabilities decreased to CNY 2.746 billion from CNY 2.896 billion at the beginning of the year[27] - Total liabilities rose to ¥2,613,660,276.80, up from ¥2,329,667,412.45, marking an increase of 12.2%[31] Shareholder Information - Net assets attributable to shareholders decreased by 4.70% to CNY 1,005,341,909.61[9] - The total number of shareholders was 42,149 at the end of the reporting period[13] - The largest shareholder, Fujian Building Materials (Holding) Co., Ltd., holds 28.78% of the shares[13] - The company’s total equity decreased to ¥1,013,958,511.31 from ¥1,063,297,127.71, a decline of 4.7%[31] Cash Flow - Net cash flow from operating activities was CNY 40,383,985.67, a significant recovery from a negative cash flow of CNY 22,377,223.71 in the same period last year[9] - Cash flow from operating activities was ¥478,952,675.05, compared to ¥320,234,340.04 in the previous period, showing a growth of 49.6%[37] - Net cash flow from operating activities was CNY 77,270,013.67, compared to a negative CNY 149,358,072.77 in the prior period[42] - Cash inflow from financing activities was CNY 326,000,000.00, a decrease from CNY 494,000,000.00 in the previous period[42] - Cash and cash equivalents decreased by 32.74% from the beginning of the year, primarily due to repayment of due loans and payment for construction projects[15] Investments and Other Income - Investment income increased by 100%, resulting from the reversal of previously recognized investment losses[17] - Other comprehensive income decreased by 255.35%, due to changes in the fair value of available-for-sale financial assets[18] - Government subsidies recognized in the current period amounted to CNY 2,034,881.96, including CNY 1,679,800 for electricity subsidies[10] Inventory and Receivables - Accounts receivable increased by 86.85% compared to the beginning of the year, mainly due to increased sales volume and the addition of unsettled contracts[16] - Prepayments increased by 100.09%, primarily due to increased prepayments for construction projects and electricity[16] - The company reported an increase in inventory to CNY 176.61 million from CNY 182.01 million at the beginning of the year[25] Other Financial Metrics - Basic earnings per share were -CNY 0.06, improving from -CNY 0.14 in the previous year[9] - The weighted average return on net assets increased by 2.2 percentage points to -2.33%[9] - Other current liabilities increased by 149.07%, mainly due to provisions for major repairs and insurance by subsidiaries[17] - Cash outflow from investment activities was CNY 41,932,615.00, significantly higher than CNY 2,106,418.60 in the previous period[42]