SNAT(SH:600841)2014-04-22 16:00Financial Performance - Operating revenue for the first quarter reached CNY 798,739,951.02, a 6.76% increase year-on-year[10] - Net profit attributable to shareholders decreased by 17.15% to CNY 67,832,709.78 compared to the same period last year[10] - Basic earnings per share decreased by 16.92% to CNY 0.08 compared to the same period last year[10] - The company reported a 77.50% decrease in non-operating income compared to the previous year, primarily due to the absence of government subsidies recognized in the prior period[14] - Total operating revenue for the current period reached ¥798,739,951.02, an increase of 6.7% compared to ¥748,186,005.24 in the previous period[24] - Net profit for the current period was ¥66,386,929.68, a decrease of 18.1% from ¥80,962,273.97 in the previous period[24] - Basic earnings per share decreased to ¥0.08 from ¥0.09 in the previous period[24] - The total comprehensive income for the current period was ¥64,300,300.80, down from ¥76,090,358.72 in the previous period[24] Assets and Liabilities - Total assets increased by 2.80% to CNY 5,625,553,864.69 compared to the end of the previous year[10] - Current assets rose to CNY 3,692,306,283.49, up from CNY 3,577,274,658.78, indicating an increase of about 3.2%[18] - Total liabilities increased to CNY 2,239,855,020.56 from CNY 2,150,911,077.08, representing a growth of approximately 4.1%[19] - Current liabilities totaled CNY 2,077,007,982.26, compared to CNY 1,988,734,038.78, marking an increase of around 4.5%[19] - Shareholders' equity rose to CNY 3,385,698,844.13 from CNY 3,321,398,543.33, reflecting an increase of about 1.9%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -166,799,597.94, compared to CNY -80,983,267.57 in the previous year[10] - Cash flow from operating activities showed a net outflow of ¥166,799,597.94, worsening from a net outflow of ¥80,983,267.57 in the previous period[29] - Operating cash inflow for the period was CNY 638,952,330.34, up from CNY 448,853,978.01 in the previous period, representing a growth of approximately 42.4%[32] - Net cash flow from operating activities was negative CNY 167,769,483.74, worsening from negative CNY 77,460,165.37 year-over-year[32] - The cash and cash equivalents at the end of the period decreased to ¥1,312,285,500.90 from ¥1,615,636,293.74 in the previous period[30] - The cash and cash equivalents at the end of the period stood at CNY 1,224,496,051.25, down from CNY 1,518,414,454.24 in the previous period[32] - The net decrease in cash and cash equivalents was CNY 220,129,360.97, compared to a decrease of CNY 371,435,508.58 in the previous period[32] Inventory and Receivables - Accounts receivable increased by 144.20% compared to the beginning of the year, reflecting the company's credit policy and industry characteristics[14] - Inventory increased by 26.96% compared to the beginning of the year, due to the need to increase stock of complete machines and imported components[14] - Inventory increased to CNY 333,861,063.78 from CNY 262,964,256.86, showing a growth of approximately 27%[18] - Accounts receivable grew to CNY 638,957,004.67 from CNY 261,654,382.64, indicating a significant increase of about 144%[18] Investment Income - Investment income rose by 64.71% year-on-year, attributed to significant profit growth from the joint venture with Lingzhong Turbocharger[14] - The company reported an increase in investment income to ¥13,277,807.40, up from ¥8,061,155.67 in the previous period[24]