CHINT ELECTRICS(SH:601877)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter was CNY 2,390,695,057.27, representing a growth of 15.48% year-on-year[11] - Net profit attributable to shareholders was CNY 297,145,623.60, an increase of 22.50% compared to the same period last year[11] - The net profit after deducting non-recurring gains and losses was CNY 283,497,851.98, up by 20.55% year-on-year[11] - Basic and diluted earnings per share were both CNY 0.29, reflecting a growth of 20.83% compared to the same period last year[11] - Total operating revenue for Q1 2014 was CNY 2,390,695,057.27, an increase of 15.5% compared to CNY 2,070,155,415.79 in the same period last year[25] - Net profit for Q1 2014 reached CNY 325,785,081.72, representing a 24.4% increase from CNY 262,062,540.02 in Q1 2013[25] - Earnings per share (EPS) for Q1 2014 was CNY 0.29, compared to CNY 0.24 in the same quarter last year, reflecting a 20.8% increase[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,722,696,139.25, a decrease of 2.58% compared to the end of the previous year[11] - Total assets decreased to CNY 9,415,389,827.61 at the end of Q1 2014 from CNY 9,806,864,316.96 at the beginning of the year, a decline of 4.0%[23] - Total liabilities decreased to CNY 4,814,671,814.31 from CNY 5,367,476,874.57, indicating a reduction in financial obligations[19] - Total liabilities decreased to CNY 3,747,981,443.04 from CNY 4,558,375,127.25, a reduction of 17.8%[23] - The company's total equity increased to ¥5,908,024,324.94 from ¥5,639,080,083.75, reflecting retained earnings growth[19] - Shareholder equity increased to CNY 5,667,408,384.57 from CNY 5,248,489,189.71, marking a growth of 7.9%[23] Cash Flow - Cash flow from operating activities for the first quarter was negative CNY 234,476,101.73, compared to negative CNY 655,267,549.44 in the same period last year[11] - The net cash flow from operating activities improved to -¥234,476,101.73 from -¥655,267,549.44, indicating a year-on-year increase in cash collection from sales[15] - Operating cash inflow for the current period reached ¥2,741,195,145.41, a significant increase from ¥1,944,766,956.64 in the previous period, representing a growth of approximately 40.9%[29] - The total cash outflow from operating activities was ¥2,975,671,247.14, up from ¥2,600,034,506.08 in the previous period, representing an increase of approximately 14.4%[29] - Cash inflow from sales of goods and services was ¥2,713,905,274.70, compared to ¥1,899,445,534.87 in the previous period, indicating a growth of about 42.8%[29] Investment and Other Income - The company reported a total of CNY 13,647,771.62 in non-recurring gains and losses for the first quarter[12] - Investment income rose by 160.10% to ¥12,778,154.97 from ¥4,912,787.71 due to gains from purchased bank financial products[15] - Investment income for Q1 2014 was CNY 12,778,154.97, significantly higher than CNY 4,912,787.71 in Q1 2013, indicating a growth of 160.1%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,637[14] - The largest shareholder, Zhejiang Chint Electrics Co., Ltd., held 65.18% of the shares[14] Changes in Assets - Other receivables increased by 58.96% to ¥57,066,872.15 due to business investment guarantees and increased reserves for overseas markets and new products[15] - Other current assets decreased by 60.47% to ¥358,504,608.02 as a result of the maturity of certain bank financial products[15] - The company's cash and cash equivalents increased to ¥2,117,903,890.32 from ¥1,986,479,386.23, showing improved liquidity[17] - Cash and cash equivalents at the end of Q1 2014 were CNY 1,418,833,014.94, slightly up from CNY 1,404,934,134.16 at the beginning of the year, an increase of 1.0%[22] - Inventory decreased to CNY 547,389,308.35 from CNY 580,586,890.07, a decline of 5.7%[22]