SGEG(SH:601616)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 6.74% to CNY 6,267,226.84 year-on-year[10] - Operating revenue rose by 0.78% to CNY 199,135,547.76 compared to the same period last year[10] - The net profit after deducting non-recurring gains and losses increased by 22.62% to CNY 6,050,583.90[10] - Basic earnings per share increased by 6.35% to CNY 0.0067[10] - Net profit for the current period is CNY 6,292,145.74, compared to CNY 5,071,043.90 in the previous period, indicating an increase of approximately 24%[30] - Earnings per share (basic) improved to CNY 0.0067 from CNY 0.0063, marking a growth of about 6.3%[31] Cash Flow - Net cash flow from operating activities was negative at CNY -42,533,419.62, a significant decline from CNY 2,020,953.34 in the previous year[10] - Cash generated from operating activities amounted to CNY 283,600,899.16, up from CNY 255,261,107.83, which is an increase of approximately 11.1%[34] - Operating cash flow outflow totaled ¥326,134,318.78, an increase from ¥253,240,154.49 in the previous period, resulting in a net cash flow from operating activities of -¥42,533,419.62 compared to ¥2,020,953.34 last year[35] - Cash inflow from sales of goods and services was ¥100,780,322.22, down from ¥121,699,590.01, indicating a decline in revenue generation[38] - Total cash outflow for operating activities was ¥137,796,632.46, compared to ¥146,431,697.60 in the previous period, showing a slight reduction in operational expenses[38] Assets and Liabilities - Total assets decreased by 1.86% to CNY 3,203,414,972.75 compared to the end of the previous year[9] - Total liabilities decreased to ¥628,294,786.40 from ¥695,408,957.76, reflecting improved financial stability[23] - Total equity increased to ¥2,575,120,186.35 from ¥2,568,604,845.08, showing a slight growth in shareholder value[23] - Non-current assets totaled ¥1,240,562,916.04, down from ¥1,256,798,921.50, indicating a slight decrease in long-term asset value[21] - Total assets decreased to CNY 2,774,287,784.53 from CNY 2,836,232,353.18, reflecting a decline of approximately 2.2%[27] - Total liabilities decreased to CNY 245,698,108.01 from CNY 315,935,420.40, a decrease of about 22.1%[27] Receivables and Payables - Accounts receivable increased by 94.57% to ¥41,100,026.79 from ¥21,123,392.49 due to an increase in notes received from customers[5] - Other receivables rose by 57.60% to ¥37,630,627.02 from ¥23,877,979.06, attributed to increased guarantee deposits[5] - Prepayments surged by 145.57% to ¥58,716,520.95 from ¥23,909,819.80, indicating a rise in customer advance payments[5] - Other payables decreased by 36.25% to ¥89,735,393.39 from ¥140,751,977.06, due to the payment of equity transfer fees for Australia Tongwei[5] - Accounts receivable decreased to CNY 467,938,931.48 from CNY 486,761,831.53, a reduction of about 3%[26] Investment and Financial Management - Investment income increased by 117.32% to ¥14,594,795.73 from ¥6,715,760.09, driven by higher SJV investment returns and financial management income[5] - The company reported an investment income of CNY 14,594,795.73, significantly higher than CNY 6,715,760.09 in the previous period, representing an increase of approximately 117%[30] - Cash received from investment income increased to ¥26,464,602.73 from ¥20,000,000.00, indicating a positive trend in investment returns[39] Company Developments - The company established a wholly-owned subsidiary, Shanghai Anyijie Electronic Technology Co., Ltd., with a registered capital of CNY 1 million[15] - The company committed to resolving competition and related party transaction issues to ensure compliance and protect shareholder interests[16] Financial Ratios - The weighted average return on net assets improved slightly to 0.25% from 0.23%[10] - Financial expenses decreased by 73.33% to -¥1,212,359.61 from -¥4,545,964.32, reflecting a reduction in interest income[5] Cash and Liquidity - Cash and cash equivalents decreased to ¥355,190,536.69 from ¥410,557,945.88, indicating a reduction in liquidity[21] - The total cash and cash equivalents at the end of the period decreased to ¥339,373,045.74 from ¥950,863,709.16, reflecting a net decrease of ¥55,367,409.19 compared to a decrease of ¥15,389,159.34 in the previous period[37] - The beginning cash balance was ¥394,740,454.93, down from ¥966,252,868.50, indicating a significant reduction in available cash resources[37]