ECC(SH:600850)2014-04-28 16:00Financial Performance - Operating revenue increased by 11.04% to CNY 1,129,047,155.25 year-on-year[10] - Net profit attributable to shareholders increased by 76.13% to CNY 30,026,325.25 compared to the same period last year[10] - The total comprehensive income attributable to the parent company's owners is 30,204,194.75, compared to 16,994,125.26 in the previous period, marking an increase of approximately 77.5%[34] - The company's operating revenue for the current period is 68,182,909.64, an increase from 67,047,387.82 in the previous period, representing a growth of approximately 1.69%[36] - The net profit for the current period is -18,687,774.51, compared to -12,955,172.41 in the previous period, indicating a worsening of approximately 44.5%[36] - Basic and diluted earnings per share for the current period are both 0.0933, up from 0.0530 in the previous period, reflecting an increase of approximately 76.4%[34] - The company reported a total comprehensive income of 32,719,847.79 for the current period, compared to 24,567,587.40 in the previous period, indicating an increase of approximately 33.3%[34] Assets and Liabilities - Total assets decreased by 3.20% to CNY 3,562,697,168.39 compared to the end of the previous year[10] - Current liabilities totaled CNY 2,184,144,547.37, down from CNY 2,334,596,734.30, indicating a reduction of 6.43%[27] - The total liabilities decreased to CNY 2,200,862,047.37 from CNY 2,351,314,234.30, a decrease of 6.4%[27] - The total equity increased to CNY 1,361,835,121.02 from CNY 1,329,115,273.25, reflecting a growth of 2.5%[27] - The company's cash and cash equivalents decreased to CNY 23,832,013.71 from CNY 30,696,868.49, a decline of 22.5%[30] - The company's cash and cash equivalents decreased by 30.21% from the end of 2013, totaling approximately ¥531.15 million[17] - Investment properties decreased by 37.04% year-on-year, with a balance of approximately ¥624,643.63[17] Cash Flow - Net cash flow from operating activities showed a slight improvement, decreasing by only 1.98% to CNY -273,982,835.09[10] - The net cash received from the disposal of fixed assets, intangible assets, and other long-term assets increased by 100% compared to the same period last year, mainly from the sale of investment properties in Wuhan[18] - The net cash received from the disposal of subsidiaries and other business units also increased by 100%, attributed to the equity transfer payment from Shanghai Huaten Software System Co., Ltd.[18] - Cash paid for investments increased by 100% year-on-year, primarily due to payments for acquiring minority shareholder equity[18] - Cash received from borrowings rose by 201.57% compared to the previous year, driven by increased loan requirements for business needs[18] - Cash used for debt repayment increased by 53.54%, reflecting a rise in repayments of maturing loans[18] - The company reported a cash inflow from financing activities of 278,027,107.58, up from 92,193,312.78 in the previous period, indicating a growth of approximately 201.5%[40] - The total cash outflow from investing activities is 68,497,476.44, compared to 9,551,418.43 in the previous period, representing a significant increase of approximately 617.5%[40] Shareholder Information - The number of shareholders reached 11,901, with the largest shareholder holding 46.05% of the shares[13] Financial Management - Financial expenses increased by 137.58% due to reduced exchange gains and increased interest expenses from bank loans[16] - Asset impairment losses surged by 4644.67%, primarily due to increased provisions for accounts receivable[16] - Deferred income tax assets decreased by 38.35% due to the reversal of temporary differences related to employee compensation[15] - The company plans to continue focusing on operational efficiency and cost management to improve financial performance in the upcoming quarters[15] - The cash paid for various taxes increased by 32.01% year-on-year, primarily due to corporate income tax and turnover tax payments[18] Strategic Initiatives - The company plans to acquire a 49% stake in Shanghai Huayu Electronic Engineering Co., Ltd. and a 51% stake from the East China Computing Technology Research Institute, indicating a strategic expansion[19] - The company has committed to a profit forecast compensation agreement, with a maximum compensation share limit of 150,713,387 shares if actual profits do not meet the forecast[20]