SNAT(SH:600841)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 37.98% to CNY 42,071,829.77 compared to the same period last year[5] - Operating revenue decreased by 23.50% to CNY 611,018,483.18 compared to the same period last year[5] - Basic earnings per share decreased by 37.98% to CNY 0.05 compared to the same period last year[5] - Total operating revenue for the period was ¥611,018,483.18, a decrease of 23.5% compared to ¥798,739,951.02 in the previous period[21] - Net profit for the period was ¥41,689,556.97, down 37.2% from ¥66,386,929.68 in the previous period[21] - Earnings per share (EPS) decreased to ¥0.05 from ¥0.08, representing a decline of 37.5%[21] - Total comprehensive income for the period was ¥46,360,757.47, down 27.9% from ¥64,300,300.80[21] - The company achieved a gross profit margin of approximately 17.5%, down from 18.5% in the previous period, indicating a slight decline in profitability[21] Cash Flow - Cash flow from operating activities was CNY 39,397,596.37, a significant improvement from a negative CNY 166,799,597.94 in the same period last year[5] - Cash flow from operating activities generated a net amount of ¥39,397,596.37, a recovery from a negative cash flow of ¥166,799,597.94 in the previous period[26] - Net cash flow from operating activities was CNY 28,429,364.42, a significant improvement from a net outflow of CNY 167,769,483.74 in the same period last year[29] - Cash and cash equivalents at the end of the period increased to CNY 1,520,690,515.94 from CNY 1,224,496,051.25, marking a net increase of CNY 26,783,799.26[29] Assets and Liabilities - Total assets increased by 0.28% to CNY 5,384,728,165.70 compared to the end of the previous year[5] - Total current assets increased to ¥3,428,709,810.58 from ¥3,364,190,214.83, reflecting a growth of approximately 1.9%[15] - Accounts receivable increased by 221.91% compared to the beginning of the year, reflecting the company's credit policy and industry characteristics[10] - Total liabilities decreased to ¥1,905,288,391.20 from ¥1,936,877,231.70, a reduction of about 1.6%[16] - Total equity increased to ¥3,479,439,774.50 from ¥3,433,079,017.03, reflecting a growth of approximately 1.4%[16] - The company reported a total asset value of ¥5,384,728,165.70, slightly up from ¥5,369,956,248.73[16] Investment Income - Investment income increased by 155.47% compared to the same period last year, primarily due to gains from stock sales and profits from joint ventures[10] - Investment income increased significantly to ¥33,921,047.02 from ¥13,277,807.40, marking a growth of 155.7%[21] Operating Costs - Operating costs decreased by 22.21% compared to the same period last year, in line with the decline in operating revenue[10] - Total operating costs decreased to ¥602,034,526.28 from ¥741,778,486.09, reflecting a reduction of 18.8%[21] Other Income and Expenses - Non-operating income totaled CNY 10,595,843.31, including government subsidies and investment income[5] - The company reported a tax expense of ¥1,311,570.55, significantly lower than ¥6,176,698.12 in the previous period, indicating a decrease of 78.7%[21] Inventory and Receivables - Inventory decreased to ¥253,010,694.45 from ¥284,622,101.31, a decline of approximately 11.1%[15] - Accounts receivable rose significantly to ¥526,884,518.25 from ¥163,674,880.26, marking an increase of about 222.5%[15] Cash Management - Cash and cash equivalents increased to ¥1,582,182,509.15 from ¥1,562,430,477.94, a rise of about 1.3%[15] - The company’s other comprehensive income rose to ¥24,605,693.75 from ¥19,934,493.25, an increase of approximately 23.4%[16] - Cash outflow for purchasing goods and services decreased by 23.5% to CNY 522,184,400.38 from CNY 681,787,145.80[29] - Cash outflow for fixed asset purchases was CNY 21,189,062.10, down from CNY 43,333,983.20 in the previous period[29] - The impact of exchange rate changes on cash and cash equivalents was CNY 64,078.99, compared to CNY 916,825.14 in the previous period[29]