Smarter Energy(SH:600869)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 148.34% to CNY 83,296,345.49 year-on-year[7]. - Operating revenue rose by 10.42% to CNY 2,019,288,623.90 compared to the same period last year[7]. - Operating profit increased by 233.17% to RMB 8,655.84 million, driven by the consolidation of Shanghai Aineng Electric Engineering Co., Ltd. and Beijing Shuimu Yuan Huadian Co., Ltd.[21]. - Net profit rose by 179.13% to RMB 8,431.60 million, reflecting an increase in overall profit[21]. - Total profit increased by 182.80% to RMB 10,432.79 million, driven by higher operating profits[21]. - The total profit for Q1 2015 was CNY 104,327,925.48, compared to CNY 36,891,576.52 in the previous year, representing an increase of approximately 183%[34]. - Net profit for Q1 2015 reached CNY 84,316,048.28, up from CNY 30,206,553.24 in the same period last year, indicating a growth of about 179%[34]. - The company's basic earnings per share increased by 148.08% to CNY 0.0841[7]. - Basic and diluted earnings per share for Q1 2015 were both CNY 0.0841, compared to CNY 0.03 in the previous year, reflecting a 180% increase[34]. Revenue Growth - Revenue from the energy and intelligent products segment increased by 15.91% to CNY 120,303.22 million[11]. - Revenue from the smart grid cable segment grew by 29.34% to CNY 45,425.87 million[11]. - The revenue from the international market increased by 125.62% to CNY 6,122.04 million[14]. - Total operating revenue for Q1 2015 was CNY 2,019,288,623.90, an increase of 10.4% compared to CNY 1,828,674,936.61 in the same period last year[33]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 47.99% to CNY 190,650,015.88 compared to the previous year[7]. - Cash flow from operating activities decreased by 47.99% to RMB 19,065.00 million, primarily due to increased material prepayments[21]. - Cash inflow from operating activities totaled CNY 2,780,520,108.96, compared to CNY 2,518,935,821.32 in the previous year, marking an increase of approximately 10.4%[38]. - The net cash flow from operating activities for the first quarter of 2015 was ¥76,774,725.53, a significant improvement compared to the negative cash flow of ¥108,550,402.07 in the same period last year[41]. - Cash inflow from operating activities totaled ¥208,433,288.56, compared to ¥57,200,870.28 in the previous year[41]. - Cash outflow from operating activities decreased to ¥131,658,563.03 from ¥165,751,272.35 year-over-year[41]. Assets and Liabilities - Total assets increased by 0.46% to CNY 12,299,967,371.17 compared to the end of the previous year[7]. - The company's current assets totaled CNY 8,809,353,986.87, slightly up from CNY 8,774,587,014.65 at the start of the year[27]. - Total current liabilities amounted to CNY 8,094,742,940.42, slightly up from CNY 7,992,448,715.66 at the beginning of the year[30]. - Total non-current liabilities decreased to CNY 873,342,062.08 from CNY 947,444,407.43, a reduction of 7.8%[30]. - The company reported a total equity attributable to shareholders of CNY 3,154,854,664.34, up from CNY 3,114,130,635.66, reflecting a growth of 1.3%[29]. Investments and Financial Activities - Long-term equity investments surged by 5,662.45% to RMB 1,017.66 million due to new investments in Beijing Suishi Rong Network Technology Co., Ltd.[20]. - Investment activities generated a net cash flow of -RMB 12,767.44 million, resulting from the acquisition of minority stakes in Shanghai Aineng Electric Engineering Co., Ltd. and Beijing Shuimu Yuan Huadian Co., Ltd.[21]. - Financial expenses increased by 90.12% to RMB 8,846.83 million due to higher interest expenses[20]. - Investment income for Q1 2015 was CNY 38,299,185.80, with a significant increase compared to the previous year[36]. Shareholder and Corporate Governance - The total number of shareholders reached 22,059 at the end of the reporting period[18]. - The company reported a commitment to avoid any related party transactions that could harm shareholder interests[24]. - Far East Smart Energy's actual controller, Jiang Xipei, committed to not engaging in similar business activities that could lead to competition with the company[24]. - There is a commitment to ensure fair pricing in any related transactions with the controlling shareholder[24].