SCMC(SH:600984)2014-04-29 16:00Financial Performance - Operating revenue surged by 80.59% to CNY 64,241,104.93 from CNY 35,572,028.75 year-on-year[14] - Net profit attributable to shareholders was a loss of CNY 10,545,558.61, an improvement from a loss of CNY 27,254,234.05 in the same period last year[14] - Total operating revenue for the first quarter of 2014 was CNY 64,241,104.93, a significant increase from CNY 35,572,028.75 in the same period last year, representing an increase of approximately 80.7%[33] - The net loss for the first quarter was CNY 10,545,558.61, an improvement compared to a net loss of CNY 27,254,234.05 in the previous year, reflecting a reduction in losses of approximately 61.2%[33] - The company reported a total operating profit of -CNY 10,475,062.16, an improvement from -CNY 27,259,034.05 in the previous year[33] Cash Flow - Cash flow from operating activities improved to a net outflow of CNY 13,893,207.14, compared to a net outflow of CNY 24,042,227.58 in the previous year[7] - The net cash flow from operating activities improved to -13,893,207.14 from -24,042,227.58, representing a 42.21% increase year-over-year[16] - Cash inflow from sales decreased to ¥42,628,155.89 from ¥73,080,079.26, a decline of approximately 41.5% year-over-year[41] - Net cash flow from operating activities was -¥15,650,033.23, an improvement from -¥24,163,868.25 in the previous period[41] - Total cash outflow from operating activities was ¥58,303,512.88, down from ¥97,268,971.52, a reduction of about 40.1%[41] Assets and Liabilities - Total assets increased by 1.19% to CNY 1,076,051,809.28 compared to the end of the previous year[7] - Total liabilities increased to CNY 374,953,675.25 from CNY 350,899,607.62, indicating a rise in financial obligations[27] - Current assets totaled CNY 852,586,767.84, slightly up from CNY 834,059,235.14 at the start of the year[27] - The company's cash and cash equivalents decreased to CNY 19,359,838.93 from CNY 35,806,645.62, reflecting a significant drop of approximately 46%[27] - The total current liabilities increased to CNY 374,953,675.25 from CNY 350,899,607.62, indicating a rise in short-term financial commitments[27] Shareholder Information - The number of shareholders reached 9,048, with the largest shareholder holding 56.02% of the shares[10] - The total equity attributable to shareholders decreased to CNY 701,098,134.03 from CNY 712,459,844.11, a decline of about 1.9%[27] Expenses - Total operating costs rose to CNY 74,716,167.09 from CNY 62,831,062.80, marking an increase of about 18.9%[33] - Sales expenses decreased slightly to CNY 5,855,355.05 from CNY 5,905,717.06, indicating a reduction of about 0.8%[33] - Management expenses decreased to CNY 12,549,147.69 from CNY 14,679,589.63, reflecting a decrease of approximately 14.5%[33] - Financial expenses significantly decreased to CNY 1,846,650.44 from CNY 7,857,638.88, a reduction of about 76.6%[33] Future Outlook - The company anticipates a potential cumulative net profit loss for the year, attributed to ongoing macroeconomic slowdowns and industry downturns despite efforts to expand the market and optimize organizational structure[20]