DZH(SH:601519)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 305,526,585.26, representing a significant increase of 120.07% year-on-year [9]. - Net profit attributable to shareholders was CNY 6,606,538.27, a recovery from a loss of CNY 91,898,550.25 in the same period last year [10]. - The company reported a total net profit excluding non-recurring gains and losses of CNY 1,863,564.10, a significant recovery from a loss of CNY -95,248,089.11 last year [10]. - Revenue for Q1 2014 reached 305,526,585.26 RMB, a 120.07% increase compared to 138,829,378.06 RMB in Q1 2013, driven by new product development and enhanced service capabilities [16]. - The net profit for the first quarter was ¥4,770,205.99, a turnaround from a net loss of ¥93,039,074.68 in the previous year [32]. Cash Flow - The net cash flow from operating activities was negative at CNY -88,226,608.28, worsening by 54.08% compared to the previous year [9]. - The company's operating cash flow decreased to -88,226,608.28 RMB from -57,261,496.32 RMB year-over-year, primarily due to increased cash payments for labor and other operational activities [16]. - Cash inflow from financing activities was recorded at ¥1,200,000.00, with no previous period data available [40]. - The net cash flow from financing activities was -¥96,656,761.41, with no previous period data available [40]. - The ending balance of cash and cash equivalents decreased to ¥1,139,009,939.77 from ¥1,843,625,334.14, reflecting a decline of approximately 38.2% [40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,378,864,594.32, a decrease of 1.63% compared to the end of the previous year [9]. - The company's total liabilities decreased to 382,655,871.80 RMB from 464,956,556.24 RMB, reflecting a reduction in short-term borrowings [23]. - The company's equity attributable to shareholders increased slightly to 2,925,307,901.59 RMB from 2,917,389,516.72 RMB [23]. - The total assets as of March 31, 2014, amounted to 3,378,864,594.32 RMB, a decrease from 3,434,945,060.73 RMB at the beginning of the year [21]. - The total liabilities remained stable at ¥360,195,395.21, compared to ¥312,246,818.70 at the beginning of the year [28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 55,466 [12]. - The largest shareholder, Zhang Changhong, holds 55.58% of the shares, totaling 1,004,356,961 shares [12]. Investment Activities - Investment cash flow net decreased to -129,498,096.84 RMB from -47,427,609.42 RMB, attributed to increased cash payments for short-term bank wealth management purchases [16]. - Investment income surged to 84,847,917.29 RMB from 345,982.70 RMB, a 24,423.75% increase, mainly due to higher returns from bank wealth management and increased investment income from a subsidiary [16]. - The company reported an investment income of ¥84,847,917.29, a significant increase from ¥345,982.70 in the same period last year [31]. - Cash inflow from investment activities totaled ¥1,486,851,317.29, a substantial rise from ¥44,359,482.70, indicating an increase of over 3,250% [40]. - Cash outflow from investment activities surged to ¥1,616,349,414.13, compared to ¥91,787,092.12 in the previous period, marking an increase of approximately 1,661% [40]. Operational Costs - Total operating costs for the same period were ¥398,738,602.78, up from ¥233,859,169.08, indicating an increase of about 70% [31]. - The company's development expenditure rose to ¥59,446,220.98 from ¥40,240,034.56, indicating an increase of approximately 48% [26]. Other Financial Metrics - The weighted average return on net assets was 0.23%, an improvement from -3.21% in the same period last year [10]. - Basic earnings per share were CNY 0.004, recovering from a loss of CNY -0.051 in the previous year [10]. - Basic earnings per share improved to ¥0.004 from a loss of ¥0.051 in the previous year [32]. - Other receivables decreased by 46.13% to 95,591,733.69 RMB, due to reduced reserves for transactions and settlements at subsidiaries [16]. - Other payables increased significantly by 244.69% to 120,324,268.15 RMB, primarily due to new customer deposit liabilities from the acquisition of Wuxi JunTai [16].