2014-04-28 16:00Financial Performance - Operating revenue for Q1 2014 was CNY 3,084,465,996.11, a slight decrease of 0.25% year-on-year [12]. - Net profit attributable to shareholders decreased by 8.10% to CNY 99,066,916.54 compared to the same period last year [12]. - Basic and diluted earnings per share both decreased by 8.10% to CNY 0.0995 [12]. - Total revenue for Q1 2014 was CNY 3,103,725,179.50, slightly down from CNY 3,108,105,947.26 in Q1 2013, representing a decrease of 0.01% [42]. - Net profit for Q1 2014 was CNY 94,682,038.77, down from CNY 108,282,647.06 in Q1 2013, a decline of approximately 12.3% [43]. - Earnings per share (EPS) for Q1 2014 was CNY 0.0995, compared to CNY 0.1082 in Q1 2013, reflecting a decrease of 6.4% [43]. - Operating profit for Q1 2014 was CNY 103,122,200.18, down from CNY 114,507,326.41 in Q1 2013, a decrease of 9.3% [43]. - The company reported a net profit of RMB 238.69 million for the year 2013, with a distributable profit of RMB 214.82 million after a 10% legal reserve allocation [26]. - The proposed cash dividend for 2013 is RMB 0.6 per 10 shares, totaling RMB 59.75 million, which represents 27.8% of the distributable profit and 26.9% of the net profit attributable to shareholders [27]. Assets and Liabilities - Total assets increased by 5.49% to CNY 12,353,319,406.90 compared to the end of 2013 [12]. - As of March 31, 2014, total assets amounted to RMB 12.35 billion, an increase from RMB 11.71 billion at the beginning of the year [32]. - The company's total liabilities reached RMB 7.04 billion, compared to RMB 6.45 billion at the beginning of the year [32]. - Total liabilities rose to CNY 5,212,276,183.03, compared to CNY 4,038,221,935.43 at the start of the year, marking an increase of 29.1% [37]. - The equity attributable to shareholders increased to RMB 4.57 billion from RMB 4.50 billion, reflecting a slight growth in shareholder value [32]. Cash Flow and Financial Activities - The net cash flow from operating activities was negative at CNY -377,157,131.69, compared to CNY -300,087,729.55 in Q1 2013 [12]. - The company's cash and cash equivalents decreased by 38% to RMB 1,174.41 million due to repayment of borrowed funds and investment activities [18]. - The company's cash and cash equivalents decreased to CNY 643,365,469.53 from CNY 1,091,180,747.25, a decline of 41.1% [36]. - The ending cash and cash equivalents balance was 567,792,514.32 CNY, a decrease from 927,188,968.31 CNY at the end of the previous year [59]. - The net increase in cash and cash equivalents was -390,485,793.69 CNY, compared to -49,329,671.78 CNY in the previous year [58]. - Cash inflow from financing activities totaled 426,547,954.93 CNY, significantly lower than 1,171,200,000.00 CNY in the same period last year [58]. - Cash outflow for debt repayment was 515,900,000.00 CNY, down from 1,122,000,000.00 CNY year-over-year [58]. Shareholder Information - The total number of shareholders was 31,297, with 30,896 holding A shares and 401 holding H shares [15]. - The largest shareholder, China Yituo, holds 44.57% of the shares, totaling 443,910,000 shares [15]. Investment and Acquisitions - The company completed the acquisition of assets from China Yituo on January 31, 2014, which constitutes a business combination under common control [11]. - The company completed the acquisition of certain assets and liabilities from its controlling shareholder for a total payment of RMB 36.87 million [19]. - The company initiated an internal resource integration by acquiring assets from its wholly-owned subsidiaries, enhancing operational efficiency [20]. - The company publicly listed the sale of 73% equity in Zhongcheng Company for RMB 10.56 million [20]. - The company reported a net loss from the disposal of non-current assets amounting to CNY -422,352.63 in Q1 2014 [13]. Operational Metrics - Accounts receivable increased by 106% to RMB 2,198.64 million, reflecting a rise in sales during the peak season [18]. - Inventory levels increased to RMB 1.91 billion from RMB 1.77 billion, suggesting a buildup of stock [30]. - The company's short-term borrowings increased significantly from RMB 292.44 million to RMB 570.10 million [32]. - The company reported a total operating cost of CNY 3,011,239,853.61, which is an increase from CNY 2,998,876,219.67 in the previous year, reflecting a rise of 0.4% [42].