Sinoma-int(SH:600970)2015-04-24 16:00Financial Performance - Operating revenue for the period was CNY 4,538,105,374.67, reflecting a year-on-year growth of 2.04%[6] - Net profit attributable to shareholders decreased by 43.67% to CNY 117,517,286.78 compared to the same period last year[6] - Basic earnings per share fell by 42.11% to CNY 0.11, compared to CNY 0.19 in the previous year[6] - The company reported a net profit margin improvement, with retained earnings increasing to CNY 2,982,240,844.94 from CNY 2,865,623,558.16, an increase of about 4.1%[24] - Net profit for Q1 2015 was CNY 89,305,000.93, significantly higher than CNY 14,913,333.46 in Q1 2014, indicating a strong performance improvement[33] - The company reported a total profit of CNY 106,465,014.76 for Q1 2015, up from CNY 22,076,806.37 in the previous year[33] - The total comprehensive income for Q1 2015 was CNY 92,531,650.55, compared to CNY 14,335,485.37 in the same quarter last year[34] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 25,115,123,748.12, a slight increase of 0.05% compared to the previous year[6] - Current liabilities totaled CNY 18,118,013,877.82, a decrease from CNY 18,839,321,191.12, indicating a reduction of about 3.8%[24] - Non-current liabilities increased to CNY 2,216,210,913.22 from CNY 1,765,362,083.13, reflecting a growth of approximately 25.6%[24] - Total liabilities decreased to CNY 20,334,224,791.04 from CNY 20,604,683,274.25, indicating a reduction of approximately 1.3%[24] - Owner's equity rose to CNY 4,780,898,957.08, compared to CNY 4,497,042,696.21 at the start of the year, marking an increase of about 6.3%[24] Cash Flow - Cash flow from operating activities for Q1 2015 was CNY 3,804,206,905.72, an increase from CNY 3,176,675,180.79 in Q1 2014[36] - Net cash flow from operating activities was negative at CNY -766,747,337.28, improving from CNY -1,331,293,213.19 year-over-year[37] - Cash outflow from investing activities amounted to CNY 287,488,211.94, significantly higher than CNY 24,824,238.10 in the previous period[37] - Net cash flow from financing activities was negative at CNY -31,129,648.50, a decline from a positive CNY 904,145,665.98 in the previous period[38] - The ending balance of cash and cash equivalents was CNY 4,739,479,259.81, compared to CNY 3,829,723,217.07 at the end of the previous period, reflecting an increase of approximately 23.8%[38] Investments - The company reported a significant decrease of 87.76% in available-for-sale financial assets, totaling CNY 60,458,988.55[13] - Long-term equity investments increased by 31.35% to CNY 27,102,589.63[13] - The company experienced a 13746.48% increase in goodwill, amounting to CNY 527,788,016.66[13] - Goodwill increased as the acquisition cost of HAZEMAG exceeded the fair value of identifiable net assets at the acquisition date[14] - The company completed the second phase of the acquisition of HAZEMAG, expanding its consolidation scope[18] Shareholder Information - The number of shareholders at the end of the reporting period was 61,709[10] - The largest shareholder, China National Materials Group Corporation, holds 42.46% of the shares[10] Expenses - Sales expenses increased by 33.54% to ¥56,351,205.26 due to the inclusion of HAZEMAG in the consolidation scope[15] - Financial expenses changed significantly, with a net expense of -¥38,201,123.27, attributed to increased exchange gains[15] - Tax refunds received decreased by 37.46% to ¥103,533,632.53, primarily due to reduced export tax rebates[16] - Cash used for debt repayment increased by 877.04% to ¥533,989,188.08, indicating a significant rise in debt servicing[16] - The company experienced a decrease in sales expenses, which were CNY 3,631,143.19 in Q1 2015, down from CNY 3,898,517.86 in Q1 2014[33] - Financial expenses for Q1 2015 were reported at CNY -50,646,857.47, a significant improvement compared to CNY -1,335,441.63 in the previous year[33]