TCEPC(SH:600874)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders for Q1 2014 was RMB 5,961 million, an increase of 10.10% year-on-year[10] - Operating revenue for Q1 2014 was RMB 39,717 million, down 5.79% from the same period last year[10] - Basic and diluted earnings per share for Q1 2014 were both RMB 0.042, an increase of 10.53% year-on-year[10] - The company reported a total profit of RMB 82,781 thousand for Q1 2014, an increase of 6.0% from RMB 77,446 thousand in the previous year[31] - Net profit for Q1 2014 was RMB 60,130 thousand, an increase of 6.1% compared to RMB 56,405 thousand in the previous year[31] Assets and Liabilities - Total assets as of March 31, 2014, were RMB 1,094,179 million, a decrease of 1.19% compared to the end of the previous year[10] - Total liabilities as of March 31, 2014, were RMB 686,129 million, a decrease of 1% from the beginning of the year[17] - The total assets decreased to CNY 10,941,788,000 from CNY 11,073,751,000, indicating a decline in overall asset value[24] - The total liabilities decreased slightly to CNY 6,861,292,000 from CNY 6,939,207,000, reflecting a reduction in financial obligations[24] Cash Flow - Net cash flow from operating activities for Q1 2014 was RMB 2,769 million, a decrease of 235.14% compared to the previous year[10] - Operating cash flow net inflow was CNY 2,769,000, a significant improvement compared to a net outflow of CNY 2,049,000 in the same period last year[19] - Cash flow from operating activities generated RMB 27,687 thousand, a significant improvement from a cash outflow of RMB 20,494 thousand in Q1 2013[35] - Cash flow from investing activities resulted in a net outflow of RMB 254,470 thousand, compared to RMB 270,096 thousand in the same period last year[35] - Cash flow from financing activities showed a net outflow of RMB 128,962 thousand, a decrease from a net inflow of RMB 41,928 thousand in Q1 2013[36] - The ending cash and cash equivalents balance was RMB 639,237 thousand, down from RMB 748,303 thousand at the end of Q1 2013[36] Shareholder Information - The total number of shareholders was 99,254, with 88 being H-share shareholders[14] - The largest shareholder, Tianjin Municipal Investment Co., Ltd., held 51.58% of the shares[14] Asset Changes - Cash and cash equivalents decreased by 35.86% to CNY 64,284,000 from CNY 100,225,000 due to loan repayments and project payments[18] - Inventory decreased by 35.65% to CNY 3,735,000 from CNY 5,804,000 as a result of project settlements[18] - Fixed assets decreased significantly by 86.12% to CNY 42,859,000 from CNY 308,812,000 due to the execution of new projects[18] - Intangible assets increased by 86.61% to CNY 573,807,000 from CNY 307,483,000 as related assets were transferred to intangible asset accounting[18] Investment Income - Investment income showed a loss of CNY 173,000, a 253.06% increase in losses compared to CNY 49,000 in the previous year[19] - The company’s investment income from associates and joint ventures was a loss of RMB 1,728 thousand, compared to a loss of RMB 494 thousand in the same period last year[31] Cost Management - Total operating costs decreased to RMB 313,388 thousand, down 9.3% from RMB 345,548 thousand year-over-year[31]