CNS(SH:601098)2015-04-28 16:00Financial Performance - Operating revenue for the period was CNY 1,749,093,750.87, representing a growth of 6.38% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 295,390,842.28, an increase of 23.15% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 298,535,284.90, up 27.08% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.16, reflecting a growth of 23.08% compared to the previous year[6] - The weighted average return on equity increased by 0.25 percentage points to 2.82%[6] - Total operating revenue for the current period reached ¥1,749,093,750.87, an increase of 6.36% compared to ¥1,644,254,682.70 in the previous period[30] - Net profit for the current period was ¥310,824,597.48, an increase of 29.29% compared to ¥240,142,285.73 in the previous period[31] - Earnings per share (EPS) for the current period was ¥0.16, up from ¥0.13 in the previous period, reflecting a growth of 23.08%[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,308[10] - The largest shareholder, Hunan Publishing Investment Holding Group Co., Ltd., held 1,103,789,306 shares, accounting for 61.46% of the total[10] Asset and Liability Overview - Total assets at the end of the reporting period were CNY 15,137,487,790, a decrease of 0.02% compared to the end of the previous year[6] - Total liabilities decreased to CNY 3,904,168,576.46 from CNY 4,217,754,823.03, showing a reduction of approximately 7.4%[24] - The company's equity increased to CNY 11,233,319,213.54 from CNY 10,922,494,616.06, representing a growth of about 2.8%[25] - Current assets totaled CNY 12,953,119,012.54, compared to CNY 12,930,041,545.92 at the start of the year, indicating a marginal increase[23] - Non-current assets totaled CNY 2,184,368,777.46, down from CNY 2,210,207,893.17, indicating a decrease of about 1.2%[23] Cash Flow Analysis - The net cash flow from operating activities was CNY -693,286,197.85, indicating a significant increase in cash outflow compared to the previous year[6] - Operating cash flow net amount was CNY -693,286,197.85, compared to CNY -113,542,394.70 in the same period last year, primarily due to delayed payments for educational materials[15] - Cash flow from operating activities showed a net outflow of ¥693,286,197.85, worsening from a net outflow of ¥113,542,394.70 in the previous period[35] - The net cash flow from financing activities was -1,868,046.15 RMB, reflecting a decrease in cash outflow compared to -1,080,277.01 RMB last year[38] Changes in Receivables and Payables - Accounts receivable increased by CNY 424,513,762.67, a growth of 50.94%, mainly due to the delay in the procurement funds for free textbooks[13] - The balance of notes receivable increased by CNY 40,423,538.84, a growth of 190.68%, mainly due to an increase in bank acceptance bills at the end of the reporting period[12] - The company reported a significant increase in accounts payable, which rose to CNY 2,287,137,562.59 from CNY 2,106,623,508.74, an increase of approximately 8.6%[24] Investment and Financial Activities - Investment cash flow net amount was CNY -22,707,145.58, compared to CNY 6,109,331.16 in the same period last year, mainly due to the absence of cash flow from a previously consolidated subsidiary[15] - Investment income decreased to ¥1,190,922.68 from ¥7,231,040.24, indicating a decline of 83.53%[31] - The total cash outflow for investment activities was 14,408,410.38 RMB, while cash inflow was only 4,050.00 RMB[38] Tax and Other Expenses - Tax expenses increased by CNY 6,372,170.76, a growth of 40.30%, primarily due to increased tax expenses recognized by non-exempt enterprises[13] - Financial expenses for the reporting period were CNY -28,814,113.56, compared to CNY -46,701,219.40 in the same period last year, reflecting significant changes in the company's fund management[13] Cultural Development Fees and Commitments - The cultural development fee rate was set at 3%, as per the regulations from the State Council and relevant financial documents[18] - The company has committed to compensating any direct and indirect losses incurred due to non-compliance with the commitments made regarding competitive business activities[17] - Hunan Publishing Investment Holding Group has pledged to bear all compensation and penalty responsibilities related to cultural development fee collections[18] - The company has ensured that there are no outstanding cultural development fees owed by its subsidiaries for the past three years[18] - The company is actively involved in the management of cultural development fees as mandated by the Hunan Provincial Finance Department[18]