WANXIN MEDIA(SH:601801)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders rose by 12.76% to CNY 203,651,147.62 from CNY 180,599,828.50 in the same period last year[10]. - Operating revenue grew by 22.11% to CNY 1,371,347,543.40, up from CNY 1,123,072,579.66 year-on-year[10]. - Basic earnings per share increased by 10.00% to CNY 0.22 from CNY 0.20 in the same period last year[10]. - The weighted average return on net assets rose to 4.30%, an increase of 0.03 percentage points compared to 4.27% last year[10]. - Net profit for the current period was ¥205,773,517.41, representing a growth of 11.4% from ¥184,682,146.51 in the previous period[34]. Cash Flow - Net cash flow from operating activities reached CNY 127,604,318.07, a significant increase of 1,102.00% compared to a negative cash flow of CNY -12,735,007.28 in the previous year[10]. - Cash inflow from operating activities totaled ¥850,123,574.49, compared to ¥557,830,212.17 in the previous period, marking a 52.3% increase[38]. - Cash inflow from operating activities was CNY 51,422,579.60, down from CNY 62,491,192.87 in the previous period, indicating a decline in sales and service revenue[42]. - Total cash outflow for operating activities reached CNY 156,057,216.15, compared to CNY 186,971,211.53 in the previous period, reflecting cost management efforts[42]. Assets and Liabilities - Total assets increased by 10.52% to CNY 6,906,544,149.56 compared to the end of the previous year[10]. - The company's total liabilities increased to CNY 2,000,651,052.93 from CNY 1,579,487,756.31, indicating a rise in financial obligations[27]. - The total equity attributable to shareholders rose to CNY 4,853,517,535.69 from CNY 4,619,546,788.07, reflecting a growth in shareholder value[27]. - The total current assets increased to CNY 5,514,582,324.51 from CNY 4,689,391,148.94, indicating a stronger liquidity position[25]. Shareholder Information - The total number of shareholders reached 24,276, indicating a stable shareholder base[13]. - The largest shareholder, Anhui Xinhua Publishing (Group) Holding Co., Ltd., holds 75.73% of the shares, totaling 689,183,654 shares[13]. - The company reported a cash distribution of no less than 10% of the distributable profit for the year, with a cumulative cash distribution of at least 30% over three years[21]. - The company plans to maintain a cash dividend policy based on its operational performance and relevant regulations, subject to shareholder approval[21]. Government and Non-Operating Income - The company received government subsidies amounting to CNY 1,178,000.00 related to cultural industry development during the reporting period[11]. - The company reported a net profit from non-operating income of CNY 12,284,092.00, primarily from various financial activities[12]. Accounts Receivable and Payable - Accounts receivable rose by 164.29% to CNY 1,036,263,370.62 from CNY 392,093,871.53, primarily due to pending payments for government procurement of free textbooks[17]. - The company’s accounts payable increased by 30.18% to CNY 1,784,415,564.03 from CNY 1,370,761,942.70, mainly due to pending payments for government procurement[17]. Inventory and Expenses - Inventory decreased to CNY 543,852,652.21 from CNY 717,801,828.62, suggesting better inventory management or reduced production[25]. - Tax expenses decreased by 40.37% to CNY 1,818,805.13 from CNY 3,050,118.68, attributed to reduced profits from subsidiaries[18]. - Financial expenses showed a significant increase of 279.91%, resulting in a cost of CNY -14,103,797.68, mainly due to increased interest income[18]. Investment Activities - Cash received from investment activities decreased by 78.92% to CNY 202,384,597.79 from CNY 960,000,000.00, attributed to fewer investment products maturing compared to the previous year[19]. - The company reported a 79.50% decline in cash received from investment income, totaling CNY 3,304,534.23 compared to CNY 16,119,985.19 in the previous period[19]. - Cash inflow from investment activities totaled CNY 221,020,013.67, down from CNY 980,722,958.76 in the previous period, reflecting reduced investment returns[39].