CATEC(SH:600879)2015-04-28 16:00Financial Performance - Operating revenue decreased by 1.77% to CNY 803,344,262.22 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 11.31% to CNY 28,382,103.77 compared to the same period last year[6] - Cash flow from operating activities showed a significant decline, with a loss of CNY 343,376,546.62, worsening by 69.21% compared to the previous year[6] - The weighted average return on net assets decreased from 0.677% to 0.604%, a drop of 0.073%[6] - Total operating revenue for Q1 2015 was ¥803,344,262.22, a decrease of 1.8% from ¥817,791,612.84 in the previous year[27] - Net profit for Q1 2015 was ¥33,932,869.51, slightly down from ¥34,039,148.64 in the same period last year[27] - The net profit attributable to shareholders of the parent company was ¥31,594,192.63, compared to ¥33,673,193.73 in Q1 2014, reflecting a decrease of 6.2%[27] - Total comprehensive income for Q1 2015 was CNY 33,932,869.51, compared to CNY 34,039,148.64 in Q1 2014[28] Assets and Liabilities - Total assets increased by 3.89% to CNY 10,202,555,521.49 compared to the end of the previous year[6] - Total assets as of March 31, 2015, amounted to ¥5,412,805,319.00, an increase from ¥5,164,021,669.39 at the beginning of the year[22] - Total liabilities increased to ¥1,934,282,417.10 from ¥1,651,431,121.98, representing a rise of 17.1%[23] - The company's total equity as of March 31, 2015, was ¥3,478,522,901.90, down from ¥3,512,590,547.41 at the beginning of the year, a decrease of 1%[23] Cash Flow - Cash flow from operating activities decreased by 69.21% to -¥343,376,546.62, primarily due to increased purchases and salary expenses[12] - Total cash flow from financing activities increased by 35.62% to ¥538,762,833.37, driven by expanded production scale and increased bank loans[12] - Cash flow from operating activities for Q1 2015 was a net outflow of CNY 343,376,546.62, compared to a net outflow of CNY 202,934,753.27 in Q1 2014[34] - Cash flow from investing activities for Q1 2015 was a net outflow of CNY 59,194,759.12, compared to a net outflow of CNY 75,210,193.83 in the same period last year[34] - Cash flow from financing activities for Q1 2015 was a net inflow of CNY 538,762,833.37, compared to a net inflow of CNY 397,273,348.00 in Q1 2014[35] Shareholder Information - The total number of shareholders reached 105,705, indicating a stable shareholder base[9] - The largest shareholder, China Aerospace Times Electronics Company, holds 20.87% of the shares[9] Investment and Expenditures - Development expenditures remained constant at CNY 6,121,775.36, indicating ongoing investment in technology[11] - The company invested a total of ¥134,848.03 million in various projects, with ¥11,184.98 million invested during the reporting period[12] - The company plans to increase its stake in a subsidiary by ¥15,201,000.00, with the process currently underway[13] - The acquisition of a 42.39% stake in a subsidiary has been completed, enhancing the company's market position[14] Financial Ratios and Metrics - Financial expenses increased by 48.68% to ¥18,487,623.38 due to increased bank loans and interest expenses[12] - Investment income rose significantly by 486.69% to ¥1,684,365.83 from a loss of ¥435,589.30, attributed to the disposal of a subsidiary's equity[12] Cash and Cash Equivalents - Cash and cash equivalents increased to ¥436,355,167.16 from ¥300,163,639.53, reflecting improved liquidity[18] - Cash and cash equivalents at the end of the period stood at 88,027,538.54 RMB, down from 123,149,538.78 RMB year-over-year[38] - The ending cash and cash equivalents balance for Q1 2015 was CNY 436,355,167.16, an increase from CNY 369,291,837.48 at the end of Q1 2014[35]