AsAc(SH:601890)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders rose by 73.55% to CNY 32,001,809.45 year-on-year[10] - Operating income for the first quarter increased by 2.71% to CNY 382,824,486.87 compared to the same period last year[10] - Operating profit increased by 56.01% to 34,704,012.59, driven by a 2.85 percentage point rise in gross margin compared to the same period last year[17] - Basic earnings per share increased by 75.00% to CNY 0.07 compared to CNY 0.04 in the same period last year[10] - Total comprehensive income attributable to the parent company is CNY 32,001,809.45, an increase of 73.06% from CNY 18,439,608.06 in the previous period[36] - Net profit for the current period is CNY 37,388,453.17, representing an increase of 88.51% compared to CNY 19,818,223.94 in the previous period[37] Cash Flow - The net cash flow from operating activities was CNY 40,165,776.65, a significant recovery from a negative cash flow of CNY -40,368,879.97 in the previous year[10] - Cash inflow from operating activities totaled CNY 324,478,887.26, compared to CNY 270,640,115.59 in the previous period, marking a 20% increase[39] - Cash outflow from operating activities decreased to CNY 284,313,110.61 from CNY 311,008,995.56, a reduction of 8.59%[40] - The ending cash and cash equivalents balance is CNY 1,115,492,375.80, down from CNY 1,390,806,473.09 in the previous period[42] Assets and Liabilities - Total assets increased by 2.11% to CNY 3,799,856,790.62 compared to the end of the previous year[10] - Total liabilities rose to CNY 892,411,484.91, compared to CNY 842,380,088.07, marking an increase of about 5.87%[28] - Current liabilities totaled CNY 826,081,458.90, up from CNY 779,377,101.47, which is an increase of approximately 6.5%[28] - The company’s total equity increased to CNY 2,907,445,305.71 from CNY 2,878,777,944.42, reflecting a growth of approximately 0.99%[28] Expenses - Management expenses rose by 45.90% to 39,058,116.91, primarily due to increased R&D costs during the reporting period[17] - Financial expenses decreased by 95.34% to -7,385,474.31, attributed to reduced interest expenses and increased foreign exchange gains[17] - Tax payments decreased by 56.60% to 11,350,293.61, reflecting a reduction in value-added tax payments year-on-year[19] - The company reported a decrease in non-operating expenses by 56.97%, reflecting a reduction in non-operating expenditures[18] Shareholder Information - The total number of shareholders was 37,264, with the top ten shareholders holding significant stakes[12] - The company has committed to reducing related party transactions, enhancing corporate governance and transparency[23] Future Outlook - Future outlook indicates potential challenges due to ongoing legal issues related to collateralized loans, which may impact financial stability[20] Inventory and Prepayments - Prepayments increased significantly by 170.19% to CNY 126,556,503.27, mainly due to materials paid in advance[15] - Inventory levels remained stable at 573,908,558.63, slightly up from 571,130,422.89, indicating effective inventory management[26] - The company’s inventory decreased to CNY 340,669,028.33 from CNY 371,722,438.56, indicating a reduction of about 8.36%[31]