Guangshen Railway(SH:601333)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders was CNY 97,179,218, representing a decline of 63.82% year-on-year[9]. - Operating revenue for the period was CNY 3,513,651,535, down 5.30% from the previous year[9]. - Basic and diluted earnings per share were both CNY 0.014, a decrease of 63.16% year-on-year[9]. - The net profit attributable to shareholders of the parent company decreased by 63.82% to RMB 97,179,218 compared to RMB 268,613,347 in the same period last year, impacted by macroeconomic slowdown and increased competition in the transportation market[14]. - The net profit for Q1 2014 was CNY 97,107,795, representing a decrease of 63.8% from CNY 268,109,780 in Q1 2013[23]. - The operating profit for Q1 2014 was CNY 149,151,742, down 64.2% from CNY 416,721,733 in Q1 2013[23]. Cash Flow - The net cash flow from operating activities increased by 4.27% to CNY 674,922,478 compared to the same period last year[9]. - Cash flow from operating activities for Q1 2014 was CNY 674,922,478, an increase of 4.0% compared to CNY 647,295,018 in Q1 2013[25]. - The company’s cash flow from investing activities showed a net inflow of CNY 10,701,857 in Q1 2014, compared to a net outflow of CNY 310,450,944 in Q1 2013[25]. - Cash received from investment-related activities increased by 271.92% to RMB 504,637,500, primarily due to the recovery of fixed-term deposits with a maturity of over three months[14]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 32,907,595,153, a decrease of 0.98% compared to the end of the previous year[9]. - Total assets as of March 31, 2014, amounted to RMB 32,907,595,153, a decrease from RMB 33,231,987,956 at the end of 2013[21]. - Total liabilities decreased to RMB 6,116,124,192 from RMB 6,537,624,790 at the end of 2013[21]. - The company’s cash and cash equivalents increased to RMB 5,112,998,467 from RMB 4,896,277,598 at the end of 2013[20]. Shareholder Information - The total number of shareholders was 345,185, with the largest shareholder holding 37.12% of the shares[11]. - The company plans to distribute a cash dividend of RMB 0.08 per share, totaling RMB 566,682,960, subject to approval at the annual general meeting[16]. Operational Changes - Significant changes in financial indicators included a 41.08% decrease in prepaid expenses due to the settlement of social security payments[13]. - The company experienced a 73.13% reduction in business tax due to the implementation of the "business tax to value-added tax" reform[13]. - Operating income decreased due to the implementation of the "business tax to value-added tax" pilot policy[14]. Costs and Expenses - The total operating costs for Q1 2014 were CNY 3,040,360,719, an increase of 4.0% from CNY 2,923,098,709 in Q1 2013[23]. - The company incurred a loss from non-current asset disposal of CNY 20,566,922 in Q1 2014, compared to CNY 57,414,999 in Q1 2013[23]. - Investment income for Q1 2014 was CNY 796,627, compared to a loss of CNY 1,476,945 in Q1 2013[23]. Internal Control and Compliance - The company continues to enhance its internal control systems in compliance with regulatory requirements, with a focus on sustainable development[17].