GMTC(SH:600898)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 13.81% to CNY 3,203,916.19, while net profit after deducting non-recurring gains and losses rose by 7.94% to CNY 2,985,665.09[10][16] - Operating income for the first quarter was CNY 174,436,713.53, reflecting a year-on-year growth of 3.44%[10][16] - The weighted average return on net assets increased by 0.04 percentage points to 1.01%[10] - Total operating revenue for Q1 2014 was CNY 174,436,713.53, an increase of 3.4% compared to CNY 168,636,483.50 in the same period last year[36] - Net profit for Q1 2014 reached CNY 3,203,916.19, representing a 13.8% increase from CNY 2,815,037.86 in Q1 2013[36] - Basic earnings per share for Q1 2014 were CNY 0.0127, compared to CNY 0.0111 in the previous year, indicating a growth of 14.4%[36] Asset and Liability Changes - Total assets decreased by 3.45% to CNY 603,658,455.83 compared to the end of the previous year[10] - Total liabilities decreased to CNY 283,368,142.65 from CNY 308,174,015.43 at the beginning of the year[29] - The company's retained earnings improved to CNY 358,048.82 from a deficit of CNY 2,845,867.37 at the beginning of the year[29] - Total assets decreased to CNY 604,210,549.46 from CNY 625,734,676.71 at the beginning of the year, a decline of 3.4%[32] - Total liabilities decreased to CNY 285,720,169.18 from CNY 310,510,248.93, a reduction of 8.0%[32] Cash Flow Analysis - Cash flow from operating activities showed a negative net amount of CNY -19,255,147.87, compared to a positive CNY 3,843,219.42 in the same period last year[10] - Cash received from operating activities decreased by 51.84% to CNY 2,660,035.36, primarily due to last year's higher recovery of energy-saving subsidies[22] - Cash paid for operating activities decreased by 36.98% to CNY 12,094,003.04, mainly because of last year's higher payments for energy-saving subsidies[22] - The net cash flow from operating activities was -CNY 19,255,147.87, a decrease of CNY 23,098,400 compared to the same period last year, attributed to increased cash payments for goods purchased[22] - The cash flow from operating activities showed a net outflow, highlighting potential challenges in maintaining operational liquidity[43] Shareholder Information - The total number of shareholders reached 27,013 by the end of the reporting period[12] Expense Management - The company's gross profit margin decreased to 14.76%, down 0.64 percentage points from 15.40% in the previous year[16] - The total expenses decreased by 0.17% to CNY 21,739,600, with an expense ratio of 12.46%, down 0.45 percentage points year-on-year[16] Cash and Cash Equivalents - Cash and cash equivalents decreased by 22.06% to CNY 85,494,109.92, primarily due to increased payments for goods purchased[17][18] - The company's cash and cash equivalents decreased to CNY 85,494,109.92 from CNY 109,694,253.84 at the beginning of the year[28] - The ending balance of cash and cash equivalents was 21,070,979.32 RMB, down from 25,592,852.93 RMB, indicating a decrease of about 17.5%[43] - The company experienced a net decrease in cash and cash equivalents of -19,345,390.49 RMB, compared to -106,377,693.79 RMB in the previous period, indicating improved cash management[43] Inventory and Receivables - Accounts receivable increased to CNY 24,680,623.01 from CNY 21,750,043.36 at the beginning of the year[28] - Inventory decreased to CNY 84,665,669.79 from CNY 87,437,027.31 at the beginning of the year[28]