SXBN(SH:600831)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter rose by 8.46% to RMB 526,676,855.23 year-on-year[5] - Net profit attributable to shareholders increased by 4.33% to RMB 43,214,548.36 compared to the same period last year[5] - The company's consolidated revenue for the current period reached ¥526,676,855.23, representing an increase of 8.5% compared to ¥485,583,773.06 in the same period last year[24] - Operating profit for the current period was ¥39,492,197.21, slightly down from ¥39,611,906.08 in the previous year, indicating a decrease of 0.3%[24] - Net profit attributable to shareholders of the parent company was ¥43,214,548.36, up from ¥41,422,211.16, reflecting a growth of 4.3% year-over-year[24] - The total profit for the current period was ¥41,724,805.17, an increase of 1.8% compared to ¥40,980,916.63 in the same period last year[24] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 25.53% to RMB 109,454,697.44 compared to the previous year[5] - The company reported a significant increase in cash received from operating activities, totaling RMB 5,087,489.33 in Q1 2014, up 210.36% from RMB 1,639,199.86 in Q1 2013[15] - Cash inflow from investment activities reached RMB 50,318,988.40 in Q1 2014, a 396.65% increase compared to RMB 10,131,643.80 in Q1 2013[15] - The company experienced a 57.08% decrease in net cash flow from financing activities, which amounted to RMB 21,070,302.86 in Q1 2014, down from RMB 49,091,756.96 in Q1 2013[15] - The company's cash and cash equivalents decreased by RMB 17,117,024.76 in Q1 2014, compared to a decrease of RMB 7,835,378.81 in Q1 2013[15] - Cash and cash equivalents at the end of the period totaled ¥200,443,414.48, down from ¥276,209,188.82 at the end of the same period last year, a decrease of 27.4%[27] Assets and Liabilities - Total assets increased by 3.27% to RMB 4,647,937,827.53 compared to the end of the previous year[5] - The company's total liabilities reached RMB 2,888,751,327.60 as of March 31, 2014, compared to RMB 2,795,220,703.45 at the start of the year[22] - Total assets as of March 31, 2014, were RMB 4,647,937,827.53, an increase from RMB 4,500,650,638.13 at the beginning of the year[22] - The company's total equity as of March 31, 2014, was RMB 1,759,186,499.93, up from RMB 1,705,429,934.68 at the beginning of the year[22] Shareholder Information - The number of shareholders reached 59,968, with the largest shareholder holding 36.07% of the shares[9] Government Support and Investments - Government subsidies recognized in the current period amounted to RMB 1,951,375.24[7] - The company completed the acquisition of a 51% stake in Shaanxi Broadcasting Digital Television Co., Ltd. for RMB 13.6855 million, which was finalized on March 10, 2014[15] - The company plans to invest RMB 2 million to establish a fund management company, holding a 40% stake in the new entity[16] - The company is expected to benefit from tax exemptions on corporate income and value-added tax for certain services until the end of 2016, as per new government regulations[17] Accounts Receivable and Expenses - Accounts receivable increased by 75.77% to RMB 105,924,033.07 compared to the end of the previous year[11] - The company reported an increase in operating expenses due to a shift from business tax to value-added tax[11] - The company incurred total operating costs of ¥334,924,320.69, which is an increase of 12.9% from ¥296,466,953.58 in the previous year[24] - The company’s financial expenses amounted to ¥17,036,724.91, slightly up from ¥15,446,411.94, indicating an increase of 10.3%[24]