Aokanginternational(SH:603001)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 20.31% to CNY 100,322,925.17 year-on-year[11] - Operating revenue declined by 11.21% to CNY 741,958,658.46 compared to the same period last year[11] - Basic and diluted earnings per share decreased by 19.35% to CNY 0.25[11] - Total operating revenue for the first quarter of 2014 was CNY 741,958,658.46, a decrease of 11.2% compared to CNY 835,677,558.02 in the same period last year[31] - Net profit for the first quarter of 2014 was CNY 100,322,925.17, down 20.4% from CNY 125,889,252.71 year-over-year[31] - Basic and diluted earnings per share for the first quarter of 2014 were both CNY 0.25, compared to CNY 0.31 in the previous year[32] Assets and Liabilities - Total assets decreased by 1.09% to CNY 4,726,722,793.12 compared to the end of the previous year[10] - The total current assets decreased to approximately CNY 3.81 billion from CNY 3.92 billion, indicating a decline of about 2.8%[26] - The company's inventory stood at approximately CNY 816.33 million, down from CNY 834.25 million, representing a decrease of about 2.1%[26] - The total liabilities decreased to approximately CNY 907.78 million from CNY 1.06 billion, showing a reduction of about 14.3%[27] - The company's total assets were approximately CNY 4.73 billion, slightly down from CNY 4.78 billion, indicating a decrease of about 1.1%[27] - Total liabilities and shareholders' equity as of March 31, 2014, were CNY 3,145,754,177.53, down from CNY 3,171,747,611.68 at the start of the year[30] Cash Flow - Net cash flow from operating activities improved significantly to CNY 43,456,268.52, compared to a negative CNY 212,007,251.12 in the same period last year[11] - Cash received from operating activities increased by 50.19% to ¥77,883,674.29 from ¥51,858,130.77 mainly due to the recovery of deposits and guarantees[19] - Cash paid for goods and services decreased by 30.75% to ¥536,754,019.45 from ¥775,108,839.97 due to reduced payments to suppliers[19] - Operating cash inflow for the current period was CNY 888,544,396.96, a slight decrease from CNY 899,451,588.43 in the previous period[35] - Total cash outflow from operating activities was CNY 845,088,128.44, significantly lower than CNY 1,111,458,839.55 in the previous period[35] - The net increase in cash and cash equivalents for the current period was CNY 82,741,501.57, contrasting with a decrease of CNY 348,649,470.36 in the previous period[36] Investments and Income - Investment income surged by 320.90% to ¥6,421,244.95 from ¥1,525,600.37 due to increased returns from purchased financial products[18] - The company received government subsidies amounting to CNY 7,004,107.00 during the reporting period[12] - The company received government subsidies, leading to an increase in non-operating income by 194.32% to ¥8,031,104.38 from ¥2,728,700.10[18] Shareholder Information - The total number of shareholders reached 15,954[13] - The largest shareholder, Aokang Investment Co., Ltd., holds 50.93% of shares, with 78,000,000 shares pledged[13] Compliance and Commitments - The company has committed to minimizing and regulating related party transactions to avoid conflicts of interest[21] - The company has undertaken measures to ensure compliance with legal regulations regarding financial transactions and has committed to compensating any losses incurred due to violations[26] - The company has committed to maintaining fair and reasonable terms in related party transactions to protect the interests of shareholders[26] - The company reported a commitment to not engage in high-risk investments for twelve months after the permanent supplement of working capital[23]