SMIC(SH:600810)2014-04-24 16:00Financial Performance - Operating revenue decreased by 41.01% to CNY 2,744,135,869.53 year-on-year[5] - Net profit attributable to shareholders was CNY 23,490,543.84, a significant recovery from a loss of CNY 30,143,217.31 in the same period last year[5] - Revenue for Q1 2014 was RMB 2,744,135,869.53, a decrease of 41.01% from RMB 4,651,704,804.08 in Q1 2013, primarily due to the exclusion of chlor-alkali equity from the consolidated financial statements[12] - Operating costs decreased by 42.73% to RMB 2,590,246,146.57 from RMB 4,522,622,970.54, reflecting the same reasons as revenue[12] - Investment income fell by 41.02% to RMB 6,981,744.02 from RMB 11,837,568.95, attributed to reduced profits from invested entities compared to the previous year[12] - Total operating revenue for the current period is RMB 2,744,135,869.53, a decrease of 41% compared to RMB 4,651,704,804.08 in the previous period[19] - Total operating costs for the current period are RMB 2,726,143,477.86, down 42% from RMB 4,688,383,806.41 in the previous period[19] - Operating profit for the current period is RMB 24,974,135.69, a significant improvement from a loss of RMB 24,841,433.38 in the previous period[19] - Net profit for the current period is RMB 23,907,745.05, compared to a net loss of RMB 27,380,062.47 in the previous period[19] - Basic and diluted earnings per share for the current period are both RMB 0.05, recovering from a loss of RMB 0.07 in the previous period[19] - Operating revenue for the current period is RMB 2,713,666,847.43, a decrease of 1.6% compared to RMB 2,757,585,233.98 in the previous period[28] - Operating costs decreased to RMB 2,592,812,042.52 from RMB 2,668,758,722.10, reflecting a reduction of 2.8%[28] - Net profit for the current period is RMB 15,841,722.92, an increase of 3.0% from RMB 14,404,228.86 in the previous period[28] - Basic and diluted earnings per share increased to RMB 0.0358 from RMB 0.0326, representing a growth of 9.8%[28] Cash Flow and Liquidity - Cash flow from operating activities decreased by 74.32% to CNY 127,468,725.65 compared to the same period last year[5] - Operating cash flow net amount decreased by 74.32% to RMB 127,468,725.65 compared to RMB 496,302,975.11 in the previous period due to the disposal of chlor-alkali equity[12] - Cash flow from operating activities for the current period is RMB 127,468,725.65, a decrease of 74% from RMB 496,302,975.11 in the previous period[21] - Cash and cash equivalents at the end of the period were RMB 793,904,820.31, down from RMB 989,885,454.82 at the beginning of the year[15] - Cash and cash equivalents at the end of the period are RMB 347,104,741.97, down from RMB 419,973,806.46 at the beginning of the period[21] - Cash and cash equivalents at the end of the period decreased to RMB 254,734,647.00 from RMB 365,388,292.36, a decline of 30.3%[30] - The company reported a total of RMB 1,217,185,446.10 in cash inflows from operating activities, down 5.7% from RMB 1,291,471,612.36 in the previous period[30] Assets and Liabilities - Total assets increased by 8.82% to CNY 7,211,380,940.73 compared to the end of the previous year[5] - Total assets increased to RMB 7,211,380,940.73 from RMB 6,626,950,719.76, indicating growth in the company's asset base[15] - Current liabilities decreased to RMB 3,851,212,454.87 from RMB 4,361,734,930.79, showing a reduction in short-term financial obligations[18] - The company's total liabilities increased to RMB 4,864,131,829.30 from RMB 4,303,609,353.38, indicating a rise in financial obligations[18] - Total liabilities increased to RMB 4,207,963,137.02 from RMB 3,738,044,386.91, marking a rise of 12.6%[26] - Total equity increased to RMB 2,311,451,895.18 from RMB 2,295,610,172.26, reflecting a growth of 0.7%[26] - Minority interests decreased significantly to RMB 31,427,840.31 from RMB 31,010,639.10, reflecting changes in the ownership structure[18] Shareholder Information - The total number of shareholders reached 31,566[8] - The largest shareholder, China Pingmei Shenma Energy Chemical Group, holds 52.95% of the shares[8] Strategic Initiatives - The company is in the process of integrating the nylon chemical industry chain, supported by China Pingmei Shenma Group, through self-funded acquisitions and other means[12] - The company is focusing on market expansion and new product development as part of its future strategy[19]