SIFANG(SH:601126)2014-04-29 16:00Financial Performance - Operating revenue for the period was CNY 527,465,480.88, representing a year-on-year increase of 6.13%[10] - Net profit attributable to shareholders was CNY 9,052,325.07, down 37.82% from the previous year[10] - The weighted average return on net assets decreased by 21.96 percentage points to 0.2836%[10] - Total revenue for Q1 2014 was CNY 527,465,480.88, an increase of 6.9% from CNY 497,014,558.04 in the previous period[30] - Net profit for Q1 2014 was CNY 8,034,679.74, a decrease of 44.8% compared to CNY 14,558,992.92 in the same period last year[31] - Earnings per share (basic) for Q1 2014 was CNY 0.0224, down from CNY 0.0361 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,593,442,631.89, a decrease of 2.46% compared to the end of the previous year[10] - Total assets as of March 31, 2014, amounted to CNY 4,593,442,631.89, a decrease from CNY 4,709,362,205.20 at the beginning of the year[24] - Total assets at the end of Q1 2014 were CNY 3,714,290,848.39, compared to CNY 3,663,702,166.95 at the beginning of the year, representing an increase of 1.4%[28] - Total liabilities increased to CNY 713,524,615.30 from CNY 677,079,286.00, marking a rise of 5.4%[28] Cash Flow - Cash flow from operating activities was CNY -207,302,673.06, showing a non-applicable comparison to the previous year[10] - Cash inflow from operating activities totaled ¥626.94 million, while cash outflow was ¥834.24 million, leading to a net cash flow of -¥207.30 million[35] - Cash outflow from investing activities decreased to -¥5.21 million, significantly better than -¥51.11 million last period, indicating improved investment management[35] - Cash flow from financing activities showed a net inflow of ¥4.39 million, recovering from a net outflow of -¥0.98 million previously[36] - Total cash and cash equivalents at the end of the period were ¥287.01 million, down from ¥302.15 million, reflecting a decrease of 5.0%[36] Investments and Expenditures - Investment income rose significantly by 977.74% to CNY 8,187,459.70 compared to the previous period[15] - The company reported a decrease in development expenditures by 39.45% to CNY 22,286,108.12, as eligible development costs were converted into intangible assets[15] - Cash inflow from investment activities was ¥46.01 million, compared to ¥1.50 million in the previous period, showing a substantial increase[35] Shareholder Information - The number of shareholders at the end of the reporting period was 13,470[12] Other Financial Metrics - Financial expenses decreased by 41.61% year-on-year, mainly due to a decrease in bank interest income from reduced cash reserves[9] - Non-operating income decreased by 45.06% year-on-year, mainly due to a reduction in government grants received[11] - Non-operating expenses increased by 263.47% year-on-year, primarily due to increased donation expenses and disposal of old fixed assets[12] - Income tax expenses decreased by 38.74% year-on-year, mainly due to a lower tax rate and reduced profits[13] - Cash and cash equivalents decreased by 36.70% to CNY 431,847,608.30 due to increased procurement payments[15] - Construction in progress increased by 70.28% to CNY 65,038,861.59, attributed to the expansion of production facilities[15] - Other non-current assets increased by 111.4% compared to the beginning of the period, mainly due to increased prepayments for fixed asset purchases[5] - Notes payable decreased by 79.56% compared to the beginning of the period, primarily due to a reduction in bank note payments to suppliers[6] - Employee compensation payable decreased by 56.56% compared to the beginning of the period, mainly due to the inclusion of performance bonuses from 2013[7] - Other non-current liabilities increased by 51.69% compared to the beginning of the period, primarily due to an increase in deferred government grants[8]