ZJHM(SH:600987)2014-04-21 16:00Financial Performance - Operating revenue rose by 19.57% to CNY 650,346,363.23 year-on-year[10] - Net profit attributable to shareholders increased by 20.40% to CNY 62,399,477.14 compared to the same period last year[10] - Basic and diluted earnings per share rose by 19.51% to CNY 0.098[10] - The company reported a net profit of CNY 721,790,876.24 for the period, up from CNY 678,136,571.07, reflecting a growth of about 6.4%[24] - Net profit for the current period was ¥74,164,990.44, representing a 27.4% increase compared to ¥58,193,086.23 in the same period last year[28] - The company reported a total profit of ¥93,203,745.14, up 25% from ¥74,603,091.60 in the previous period[27] Asset and Liability Management - Total assets increased by 2.26% to CNY 3,531,428,320.64 compared to the end of the previous year[10] - The company's total liabilities were CNY 1,111,130,010.97, slightly up from CNY 1,099,841,783.05 at the start of the year, indicating a stable leverage position[20] - The total equity attributable to shareholders increased to CNY 2,164,536,355.00 from CNY 2,102,136,877.86, reflecting a growth of approximately 2.96%[20] - The total current liabilities rose to CNY 477,610,021.54 from CNY 457,255,547.98, indicating an increase of approximately 4.5%[20] - The company’s long-term debt remained stable with bonds payable at CNY 556,191,115.84, slightly down from CNY 566,849,125.78[20] Cash Flow Analysis - Cash flow from operating activities decreased slightly by 0.65% to CNY 117,027,643.51[10] - Cash inflow from investment activities was $78.09 million, slightly down from $85.17 million, a decrease of 8.3%[37] - Net cash flow from investment activities was $69.80 million, showing a marginal decrease of 0.2% from $69.91 million[37] - Cash inflow from financing activities remained stable at $7.00 million, unchanged from the previous period[38] - The net cash flow from financing activities was negative at -$20.70 million, compared to -$20.61 million previously[38] Investment and Expenses - Investment income increased by 241.93% to CNY 10,893,810.19 driven by higher returns from entrusted loans and bank financial products[15] - Financial expenses surged by 103.47% to CNY 10,096,577.68 primarily due to increased bond interest[15] - Total operating costs amounted to ¥569,097,114.92, up 20.1% from ¥473,751,499.90 in the prior period[27] - Sales expenses increased to ¥10,320,434.10 from ¥9,037,435.88, reflecting a rise of 14.2%[27] - Management expenses rose to ¥38,467,775.04, up from ¥31,539,336.55, indicating a growth of 22%[27] Shareholder Information - The total number of shareholders reached 24,335 at the end of the reporting period[13] - As of March 31, 2014, the total assets of Zhejiang Hangmin Co., Ltd. amounted to CNY 3,531,428,320.64, an increase from CNY 3,453,325,102.28 at the beginning of the year[20] Inventory and Receivables - Accounts receivable decreased to CNY 196,992,454.73 from CNY 182,372,136.20, showing a reduction of approximately 8.1%[18] - Inventory levels increased to CNY 161,637,700.08 from CNY 127,394,407.10, representing a significant rise of about 26.9%[18] Cash and Cash Equivalents - Cash and cash equivalents rose to CNY 676,753,586.34 from CNY 617,040,010.53, marking an increase of about 9.6%[18] - The ending cash and cash equivalents balance was $372.82 million, up from $344.62 million, reflecting an increase of 8.5%[38] - The initial cash and cash equivalents balance was $371.29 million, compared to $291.29 million in the previous period, marking a significant increase of 27.5%[38]