FIRMACO(SH:600967)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 89.15% to CNY 83,945,016.15 compared to the same period last year[10] - Operating income rose by 5.17% to CNY 814,769,894.90 compared to CNY 774,733,114.70 in the previous year[10] - The total profit amounted to CNY 96,281.63 million, reflecting an 89.42% increase from CNY 50,829.84 million, mainly due to a favorable product mix[17] - Net profit reached CNY 83,809.58 million, a 90.45% increase compared to CNY 44,007.14 million in the previous period, driven by changes in product structure and higher gross margins[17] - Operating profit increased significantly to ¥96,062,806.70, compared to ¥49,109,365.31 in the previous period, representing a growth of 95.7%[29] - Net profit for the current period was ¥83,809,580.48, up 90.5% from ¥44,007,144.64 in the previous period[30] Assets and Liabilities - Total assets increased by 4.89% to CNY 3,719,356,812.40 compared to the end of the previous year[10] - The company's total liabilities reached CNY 1,229,376.43 million, up from CNY 1,141,860.65 million at the beginning of the period[23] - Total assets increased to CNY 371,935.68 million, up 4.89% from CNY 354,599.41 million at the beginning of the period[16] - The total equity attributable to shareholders rose to ¥2,201,187,201.10, compared to ¥2,123,973,563.42 at the beginning of the year, indicating a growth of 3.6%[27] - Current assets totaled ¥1,999,949,415.25, up from ¥1,846,833,458.33 at the beginning of the year, reflecting a growth of 8.3%[27] Shareholder Information - The number of shareholders reached 15,953 at the end of the reporting period[12] - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., holds 23.62% of the shares[12] Earnings Per Share - Basic earnings per share decreased by 5.15% to CNY 0.184 compared to CNY 0.194 in the previous year[10] - The diluted earnings per share also decreased by 5.15% to CNY 0.184 compared to the previous year[10] - Basic earnings per share for the current period were ¥0.184, slightly down from ¥0.194 in the previous period[30] Cash Flow - The net cash flow from operating activities decreased by 368.11% to -CNY 365,499,061.66 compared to CNY 136,325,685.73 in the same period last year[10] - Cash inflow from sales of goods and services was 202,401,518.95 RMB, down from 647,512,585.81 RMB in the previous period, indicating a decline of approximately 68.8%[36] - Total cash outflow from operating activities was 576,150,882.97 RMB, compared to 530,157,819.06 RMB in the previous period, reflecting an increase of about 8.7%[38] - The ending cash and cash equivalents balance was 1,169,141,629.75 RMB, down from 1,606,927,990.00 RMB in the previous period, a decline of about 27.2%[40] - The company reported a net decrease in cash and cash equivalents of -108,733,631.52 RMB for the current period, contrasting with an increase of 458,188,135.54 RMB in the previous period[39] Expenses - Sales expenses surged by 246.66% to CNY 13,695.84 million, primarily due to increased transportation costs[17] - Cash paid for purchasing goods and services was 488,105,564.70 RMB, an increase from 389,687,771.82 RMB in the previous period, indicating a rise of approximately 25.3%[36] - Cash paid to employees was 49,210,376.46 RMB, compared to 42,751,251.01 RMB in the previous period, reflecting an increase of about 15.5%[38] Asset Impairment - Asset impairment losses skyrocketed by 3714.15% to CNY 19,737.91 million, mainly due to provisions for receivables impairment[17] - Deferred tax assets increased by 51.16% to CNY 8,748.35 million, influenced by asset impairment provisions[16]