CATEC(SH:600879)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 817,791,612.84, representing a 7.40% increase year-on-year [9]. - Net profit attributable to shareholders was CNY 33,673,193.73, up 7.06% from the same period last year [9]. - The company reported a net profit excluding non-recurring gains and losses of CNY 32,002,199.47, a 4.51% increase year-on-year [9]. - Total operating revenue for the current period reached ¥817,791,612.84, an increase of 7.4% compared to ¥761,419,337.62 in the previous period [30]. - Net profit for the period was 34,039,148.64, up from 32,160,346.18, showing a growth of approximately 5.8% [31]. - Total profit for the period was 44,416,114.38, compared to 41,960,671.20 in the previous period, marking an increase of approximately 10.5% [31]. Cash Flow and Liquidity - Net cash flow from operating activities decreased by 90.65% to -CNY 202,934,753.27 compared to the previous year [9]. - The net cash flow from operating activities for the reporting period was -202.93 million yuan, a decrease of 90.65% year-on-year, primarily due to increased component procurement, outsourcing payments, and labor costs [14]. - Cash and cash equivalents increased significantly to ¥123,149,538.78 from ¥27,852,990.25, representing a growth of 341.5% [26]. - Cash and cash equivalents at the end of the period increased to 369,291,837.48 from 153,189,599.85, indicating improved liquidity [39]. - The net increase in cash and cash equivalents for the period was $95.30 million, contrasting with a decrease of $65.20 million in the prior period [43]. Assets and Liabilities - Total assets increased by 4.75% to CNY 8,992,246,435.26 compared to the end of the previous year [9]. - Current liabilities totaled ¥3,278,379,104.69, an increase of 13.5% from ¥2,888,787,226.23 [24]. - Total liabilities reached ¥3,844,466,446.20, compared to ¥3,454,223,714.15, marking an increase of 11.3% [24]. - Owner's equity totaled ¥5,147,779,989.06, a slight increase from ¥5,130,497,828.52, reflecting a growth of 0.3% [24]. - The company's short-term borrowings at the end of the period amounted to 1,180 million yuan, an increase of 1,001.5 million yuan compared to the beginning of the period, primarily due to the repayment of maturing short-term financing bonds of 600 million yuan, leading to an increase in bank loans [14]. Shareholder Information - The number of shareholders at the end of the reporting period was not specified, but the top shareholder, China Aerospace Times Electronics Company, held 20.87% of shares [12]. - Basic and diluted earnings per share decreased by 17.95% to CNY 0.032 [9]. - Dividend payments and profit distributions totaled $32.35 million, down from $99.67 million, indicating a reduction in shareholder returns [43]. Investments and Expenditures - Long-term equity investments increased by 59.35% to CNY 27,173,700 due to changes in control over a subsidiary [13]. - The company reported a development expenditure of ¥22,644,026.48, compared to ¥17,792,413.90 in the previous period, showing a growth of 27.5% [24]. - The company reported cash outflows for the acquisition of fixed assets and intangible assets amounting to $23.96 million, down from $48.56 million [42]. Financial Management - The financial expenses for the reporting period were 12.43 million yuan, a decrease of 49.89% year-on-year, mainly due to the use of temporarily idle raised funds to supplement working capital, reducing bank loan interest expenses [14]. - Financial expenses significantly reduced to 7,250,232.72 from 20,942,425.16, indicating improved financial management [34].