ECC(SH:600850)2015-04-29 16:00Financial Performance - Operating revenue declined by 15.59% to CNY 970,574,607.62 year-on-year[7] - Net profit attributable to shareholders increased by 23.69% to CNY 34,998,177.15 compared to the same period last year[7] - Basic and diluted earnings per share rose by 23.69% to CNY 0.1088[7] - Total operating revenue for Q1 2015 was CNY 970,574,607.62, a decrease of 15.6% compared to CNY 1,149,831,578.58 in the same period last year[30] - Net profit for Q1 2015 reached CNY 33,624,683.79, an increase of 9.3% from CNY 30,811,777.07 in Q1 2014[31] - Total operating revenue for Q1 2015 was ¥39,971,804.30, a decrease of 41.5% compared to ¥68,182,909.64 in the same period last year[34] - Net profit for Q1 2015 was -¥21,576,448.35, compared to -¥18,687,774.51 in Q1 2014, indicating a worsening performance[34] Cash Flow - Net cash flow from operating activities improved by 53.18%, reaching CNY -132,634,004.23[7] - Cash received from other operating activities increased by 126.78% year-on-year, mainly due to an increase in project deposits[14] - Cash paid for other operating activities decreased by 34.15% year-on-year, attributed to a reduction in project deposit payments[14] - Cash flow from operating activities for Q1 2015 was -¥132,634,004.23, an improvement from -¥283,283,291.40 in Q1 2014[38] - Cash inflow from operating activities totaled $61.25 million, down 38.9% from $100.21 million in the previous period[40] - Cash outflow from operating activities was $64.10 million, a decrease of 38.0% compared to $103.46 million last period[40] Assets and Liabilities - Total assets decreased by 6.61% to CNY 3,601,034,726.06 compared to the end of the previous year[7] - Total current assets amount to RMB 3,496,345,837.43, down from RMB 3,737,660,358.88 at the beginning of the year, representing a decrease of approximately 6.45%[22] - Total liabilities as of March 31, 2015, are RMB 2,028,219,336.47, down from RMB 2,314,110,618.57, indicating a decrease of about 12.35%[23] - The total non-current assets decreased from RMB 118,180,890.81 to RMB 104,688,888.63, a decline of about 11.43%[23] - The company's cash and cash equivalents decreased from RMB 877,941,031.34 to RMB 683,698,364.09, a decline of about 22.08%[22] - Accounts receivable decreased from RMB 1,168,614,033.43 to RMB 925,185,636.81, a reduction of approximately 20.83%[22] Shareholder Information - The number of shareholders reached 10,979, with the largest shareholder holding 46.05% of shares[9] - The company has implemented a stock option incentive plan, with the first grant date set for December 29, 2014[16] - The total number of shares for compensation is capped at 150,713,387 shares, with a performance compensation period of three years from 2012 to 2014[18] Financial Expenses and Impairments - Financial expenses increased by 409.85% year-on-year, primarily due to increased exchange losses and interest expenses[13] - Asset impairment losses rose by 259.94% year-on-year, mainly due to an increase in bad debt provisions[13] - The company reported a financial expense of CNY 6,731,400.62, significantly higher than CNY 1,320,281.53 in the previous year, indicating increased financial costs[31] Investment Activities - Investment income improved by 77.69% year-on-year, attributed to gains from the disposal of subsidiaries[13] - The company plans to acquire 100% of Shanghai Baifei Electronic Technology Co., Ltd. and 55% of Shanghai Huaxun Network Storage System Co., Ltd. through a share issuance and cash payment[15] - The company received a feedback notice from the China Securities Regulatory Commission regarding its major asset restructuring plan[15] Inventory and Other Assets - The company's inventory increased from RMB 1,304,147,878.66 to RMB 1,351,471,113.61, an increase of approximately 3.63%[22] - Other current assets grew by 33.30% to CNY 170,694,194.09, attributed to prepaid taxes and increased input tax credits[12] - Prepayments increased by 53.53% to CNY 214,539,252.05, mainly due to increased procurement payments[12]