2014-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 77.57% to CNY 849.21 million year-on-year[12] - Operating revenue grew by 19.85% to CNY 4.75 billion compared to the same period last year[12] - Operating profit for the period was CNY 831,546,077, up from CNY 455,368,531, reflecting a significant growth[35] - Net profit attributable to shareholders was CNY 849,214,666, compared to CNY 478,251,318 in the same period last year, marking an increase of 77.56%[35] - The company reported a basic earnings per share of CNY 0.13, compared to CNY 0.07 in the previous year, indicating a 85.71% increase[35] - Total comprehensive income for Q1 2014 was CNY 658,031,413, reflecting a significant decline from CNY 1,771,059,372 in Q1 2013[37] Cash Flow - Net cash flow from operating activities was CNY 53.17 million, a significant improvement from a negative CNY 56.82 million in the previous year[12] - The net cash flow from operating activities increased due to higher sales volume and improved collection of receivables[21] - Cash flow from operating activities generated a net inflow of CNY 53,174,508, compared to a net outflow of CNY 56,824,628 in the previous year[39] - Cash flow from investing activities showed a net outflow of CNY 809,692,382, improving from a net outflow of CNY 1,294,830,837 in the previous year[39] - Cash flow from financing activities resulted in a net inflow of CNY 941,902,209, down from CNY 4,063,694,563 in Q1 2013[39] Assets and Liabilities - Total assets increased by 3.06% to CNY 59.56 billion compared to the end of the previous year[12] - The company's total equity reached CNY 35,757,912,513, an increase from CNY 35,099,881,100, reflecting a growth of 1.88%[33] - Total liabilities increased to CNY 27,872,872,644 from CNY 26,905,966,597, indicating a rise of 3.58%[33] - The company's cash and cash equivalents at the end of the period amounted to CNY 19.45 billion, up from CNY 19.04 billion at the beginning of the year[25] - Accounts receivable decreased to CNY 888.16 million from CNY 1.02 billion, indicating improved collection efficiency[25] - The inventory increased to CNY 2.37 billion from CNY 2.04 billion, reflecting a strategy to prepare for anticipated sales growth[25] Investments and Growth - The company's construction in progress increased by 30.93% to CNY 6.18 billion[19] - The company is focused on expanding production capacity and investing in new products, as indicated by the increase in construction in progress to CNY 617.81 million from CNY 472.45 million[25] - The net cash flow from investing activities was affected by a decrease in cash paid for investments and an increase in cash paid for fixed assets and other long-term assets to enhance capacity and new product investments[21] Shareholder Information - The number of shareholders totaled 29,719, with the largest shareholder holding 57.58% of the shares[15] - The company has committed to distributing at least 10% of the annual distributable profits in cash for the years 2012-2014, with a cumulative distribution not less than 30% of the average annual distributable profits over three years[22] - The company has made commitments to avoid engaging in competitive businesses that may conflict with its main operations, ensuring strategic focus and alignment[22]