Jangho(SH:601886)2014-04-28 16:00Financial Performance - Revenue for the first quarter reached CNY 2.86 billion, a 43.74% increase year-on-year[12] - Net profit attributable to shareholders was CNY 43.66 million, up 14.66% from the same period last year[12] - Basic and diluted earnings per share decreased by 42.86% to CNY 0.04[12] - The company reported a non-recurring profit of CNY 26.35 million, a decrease of 25.40% compared to the previous year[12] - Total operating revenue for the current period reached ¥2,860,648,127.32, a significant increase of 43.6% compared to ¥1,990,212,508.09 in the previous period[33] - Operating profit turned negative at -¥6,746,560.13, compared to a profit of ¥46,468,429.39 in the previous period[33] - Net profit for the current period was ¥50,768,725.31, an increase of 34.3% from ¥37,783,533.90 in the same period last year[34] Assets and Liabilities - Total assets increased by 17.62% to CNY 17.85 billion compared to the end of the previous year[12] - Total liabilities rose to CNY 12.21 billion, compared to CNY 10.47 billion in the previous year, marking an increase of about 16.6%[25] - Current liabilities totaled CNY 11.25 billion, up from CNY 9.50 billion, reflecting a growth of approximately 18.5%[25] - Total equity rose to CNY 5.64 billion, compared to CNY 4.70 billion, representing an increase of approximately 20.1%[25] - Goodwill increased significantly to CNY 602.23 million from CNY 228.92 million, reflecting a growth of approximately 162.5%[24] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -202.25 million compared to CNY -891.73 million in the previous year[12] - Cash inflow from operating activities was ¥4,217,295,962.29, up from ¥2,377,834,418.88 in the previous period[40] - Net cash flow from operating activities was -¥202,251,896.00, an improvement from -¥891,727,379.52 in the prior period[41] - Cash inflow from financing activities increased by 872.25% to ¥326,129,884.13, mainly due to reduced loan repayments[16] - The net cash flow from financing activities was 23,257,385.92 RMB, compared to -117,838,949.95 RMB in Q1 2013, showing a significant recovery[46] Shareholder Information - The total number of shareholders reached 42,861 as of the report date[14] - The largest shareholder, Beijing Jianghe Source Holdings Co., Ltd., holds 27.35% of the shares, with a total of 315,645,200 shares[14] - Shareholders are committed to not transferring or entrusting their shares for 36 months post-IPO, with a limit of 25% transfer of total shares held annually during their tenure[18] Mergers and Acquisitions - The company completed the acquisition of 65% equity in Gangyuan Decoration, enhancing its market position[16] - The acquisition of 70% equity in Steve Leung Designers Limited was finalized for HKD 350,000,000[17] - Accounts receivable increased by 18.68% to ¥7,388,020,770.58 due to the merger with Gangyuan Decoration and Liang Zhitians company[15] - Goodwill increased by 163.08% to ¥602,226,863.44 as a result of mergers with Gangyuan Decoration and Liang Zhitians company[15] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[14] - The company disposed of six overseas subsidiaries, streamlining its international operations[17] - The company aims to transform its overseas business model to mitigate local operational risks and shorten management and operational chains[18] Compliance and Commitments - The company has strict compliance with commitments regarding share transfers and competition avoidance, ensuring no direct or indirect competition with its subsidiaries[18] - The management has pledged to uphold strict adherence to the outlined commitments throughout their tenure[18] - The commitment to avoid sharing proprietary technology or customer information with competing entities is emphasized[18]