Jointown(SH:600998)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 9,842,055,252.18, a 21.06% increase year-on-year[8] - Net profit attributable to shareholders increased by 15.41% to CNY 112,870,126.54 compared to the same period last year[8] - Basic earnings per share rose by 15.55% to CNY 0.0795 compared to the same period last year[8] - Net profit for the period was ¥113,702,894.18, representing a 21.48% increase from ¥93,619,552.58[37] - Basic and diluted earnings per share increased to ¥0.0795 from ¥0.0688, reflecting a growth of 10.19%[37] - The company reported a total comprehensive income of ¥80,097,476.03, down 17.00% from ¥96,499,552.58 in the previous period[37] Asset and Liability Changes - Total assets increased by 10.72% to CNY 20,589,398,663.92 compared to the end of the previous year[8] - Current assets rose to CNY 17.07 billion, up from CNY 15.15 billion, reflecting a growth of about 12.7%[28] - Total liabilities decreased slightly to CNY 13.08 billion from CNY 13.26 billion, a decrease of approximately 1.3%[30] - Accounts receivable increased by 115.75% to ¥5,939,753,902.32, attributed to expanded sales and increased customer debts[16] - The company’s accounts payable increased by 29.60% to ¥4,194,378,078.52, driven by expanded sales and increased inventory purchases[16] - Deferred income tax assets increased by 42.95% to ¥21,652,568.49, reflecting an increase in accounts receivable and other receivables[16] Cash Flow Analysis - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 2,256,722,465.08, an increase of 154.00% in outflow compared to the previous year[8] - Cash inflow from operating activities was ¥8,516,637,891.15, an increase from ¥7,468,590,161.79[43] - Cash outflow for operating activities totaled ¥10,773,360,356.23, up from ¥8,357,056,275.67[43] - The net cash flow from operating activities was negative at CNY -2,160,501,776.94, worsening from CNY -398,660,867.18 in the prior period[48] - Total cash outflow from operating activities was CNY 5,453,828,981.78, up from CNY 2,691,817,391.98 in the previous period, indicating a rise of approximately 102.5%[48] Shareholder Information - The number of shareholders at the end of the reporting period was 15,562[12] - The largest shareholder, Shanghai Hongkang Industrial Investment Co., Ltd., holds 26.91% of the shares[12] Government Support and Other Income - The company received government subsidies amounting to CNY 37,338,668.65 during the reporting period[9] - The company recognized an asset impairment loss of ¥28,410,819.12, a 70.29% increase due to higher bad debt provisions[17] - The company’s investment income turned negative at ¥-433,212.85, a decline of 121.94% compared to the previous year due to losses from joint ventures[17] Capital and Financing Activities - The net cash inflow from financing activities increased by 339.95% to ¥1,219,337,733.16, due to the issuance of approximately 189.1 million shares[18] - The company completed the non-public issuance of shares, increasing its registered capital to ¥160,961,663.4[19] - Cash inflow from financing activities amounted to CNY 3,326,999,973.15, significantly higher than CNY 1,358,713,621.80 in the previous period, marking an increase of approximately 144.5%[49]