JUNZHENG(SH:601216)2014-04-14 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,125,731,283.40, a growth of 43.77% year-on-year [7]. - Net profit attributable to shareholders increased by 58.07% to CNY 135,146,960.54 compared to the same period last year [7]. - Total comprehensive income for the year-to-date period was ¥139,027,137.78, an increase of 58.68% year-on-year, mainly due to higher net profit and changes in fair value of financial assets [17]. - Net profit attributable to shareholders of the parent company was ¥135,146,960.54, up 58.07% from the previous year, driven by improved production capacity and better performance from the equity investment in Tianhong Fund [17]. - Earnings per share (EPS) for Q1 2014 was CNY 0.1056, compared to CNY 0.0668 in the previous year, reflecting a 58.5% increase [34]. Cash Flow - Cash flow from operating activities decreased by 35.37% to CNY 8,103,780.08 compared to the previous year [7]. - The net cash flow from operating activities decreased by ¥4,434,522.92, a decline of 35.37% year-on-year, attributed to a lower cash recovery rate from receivables [18]. - The net cash flow from investing activities was -¥292,546,647.51, worsening from -¥115,331,282.22 in the previous year, due to increased cash payments for construction and equipment [19]. - The net cash flow from financing activities increased to ¥323,282,989.83, compared to -¥12,039,476.95 last year, reflecting a rise in borrowed funds [19]. - Cash flow from operating activities for Q1 2014 was CNY 8,103,780.08, a decrease of 35.5% from CNY 12,538,303.00 in Q1 2013 [40]. Assets and Liabilities - Total assets increased by 10.62% to CNY 10,716,779,833.82 compared to the end of the previous year [7]. - Total current assets reached ¥2,726,760,238.82, up from ¥1,754,423,204.84, reflecting a growth of approximately 55.5% [21]. - Total liabilities grew to ¥4,682,331,870.47 from ¥3,794,620,136.87, which is an increase of approximately 23.4% [23]. - The company's total equity attributable to shareholders rose to ¥6,001,441,073.73 from ¥5,857,647,924.86, showing an increase of about 2.4% [25]. - The company's total assets were CNY 5,855,230,765.20 as of Q1 2014, down from CNY 6,537,635,865.99 in the previous period [30]. Investments and Expenses - The company’s financial expenses rose by 77.36% to ¥38,150,678.17, mainly due to increased borrowing costs [16]. - The company recorded an investment income of ¥23,093,599.25, a significant improvement from a loss of ¥7,807,261.85 in the previous year, due to better performance from Tianhong Fund [16]. - Investment income for Q1 2014 was CNY 23,093,599.25, a significant recovery from a loss of CNY 7,807,261.85 in the same period last year [33]. Shareholder Information - The number of shareholders reached 51,734, with the top ten shareholders holding significant stakes [9]. - The company has issued a warning regarding potential significant changes in cumulative net profit, although it is not applicable for this period [20]. Inventory and Receivables - Accounts receivable increased by 69.40% to CNY 106,649,059.31, attributed to increased sales on credit [12]. - The company reported a significant increase in inventory, which rose to ¥370,140,379.57 from ¥316,899,974.48, indicating a growth of approximately 16.7% [21]. - Accounts receivable rose to ¥1,075,849,650.24 from ¥612,715,367.39, indicating an increase of about 75.8% [21]. Project Investments - The company reported a significant increase in prepayments by 67.25% to CNY 532,071,378.80, indicating ongoing project investments [13]. - The company reported an increase in prepayments by ¥58,334,470.35, a rise of 41.91%, primarily due to prepayments for the Ordos Junzheng project [14]. - Operating revenue for the year-to-date period reached ¥1,125,731,283.40, an increase of 43.77% compared to the same period last year, primarily due to increased revenue from the Ordos Junzheng project phase one [15]. - Operating costs increased by ¥248,029,048.60, representing a 45.43% rise year-on-year, mainly due to higher costs associated with the Ordos Junzheng project phase one [16].