CRRC(SH:601766)2015-04-29 16:00Financial Performance - Operating revenue rose by 24.90% to CNY 23.39 billion year-on-year[6] - Net profit attributable to shareholders increased by 32.0% to CNY 871.77 million compared to the same period last year[6] - Total operating revenue increased by 4,662,123 thousand yuan (24.90%) compared to the same period last year, primarily due to growth in the动车组 business and new industry revenue[15] - Net profit for Q1 2015 reached CNY 1,355,429,804, representing a 35.7% increase from CNY 999,199,602 in Q1 2014[38] - Basic earnings per share for Q1 2015 were CNY 0.07, compared to CNY 0.06 in the same quarter last year[39] Assets and Liabilities - Total assets increased by 5.19% to CNY 158.38 billion compared to the end of the previous year[6] - Total liabilities increased to CNY 104.07 billion from CNY 99.04 billion, which is an increase of about 5.0%[31] - Estimated liabilities increased by 1,424,966 thousand yuan (75.97%) compared to the beginning of the year, primarily due to the inclusion of subsidiary BST in the consolidated financial statements[14] - The company's long-term equity investments decreased by 1,436,210 thousand yuan (54.93%) compared to the beginning of the year, mainly due to the conversion of joint venture BST into a subsidiary[14] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 3.43 billion, compared to a net inflow of CNY 2.24 billion in the previous year[6] - Net cash flow from operating activities was negative CNY 3,426,006,696, compared to a positive CNY 2,241,168,724 in the same period last year[44] - Cash inflow from operating activities was CNY 27,553,252,223, down 5.8% from CNY 29,257,912,468 in the same period last year[43] - Cash outflow from operating activities totaled CNY 30,979,258,919, an increase of 14.5% from CNY 27,016,743,744 in the previous year[44] Shareholder Information - The number of shareholders reached 575,067, with the largest shareholder, China South Locomotive & Rolling Stock Corporation, holding 56.48%[10] - The company’s total equity increased to CNY 54.31 billion from CNY 51.52 billion, reflecting a growth of about 5.4%[31] Expenses - Sales expenses increased by 514,461 thousand yuan (115.02%) year-on-year, primarily due to increased overseas sales expenses and product quality assurance fees[15] - Management expenses increased by 855,235 thousand yuan (54.8%) year-on-year, driven by performance-linked compensation and increased R&D efforts[15] Investments and Acquisitions - The company completed the acquisition of 100% equity of SMD Limited for a maximum consideration of 108,300,000 pounds (approximately 1,011,879,390 yuan)[22] - The company reported an investment income of CNY 61,181,029, slightly up from CNY 58,866,592 in Q1 2014[38] Inventory and Prepayments - Inventory net amount increased by 27.11% to CNY 83.13 billion, primarily due to the consolidation of a new subsidiary[12] - The company reported a significant increase in prepayments, which rose to CNY 6.12 billion from CNY 4.69 billion, an increase of approximately 30.5%[29] Other Financial Metrics - The weighted average return on equity increased by 0.30 percentage points to 2.37%[6] - Other comprehensive income after tax was reported at CNY -48,508,576, compared to CNY -3,330,456 in Q1 2014[39] - Total comprehensive income for the first quarter of 2015 was CNY 2,172,524,078, a decrease of CNY 1,740,786 compared to the previous period[41]