CTS Logistics(SH:603128)2015-04-17 16:00Financial Performance - Revenue for the period was CNY 1,902,239,247.03, down 0.49% from the previous year[6] - Net profit attributable to shareholders increased by 29.93% to CNY 23,927,044.66 compared to the same period last year[6] - Diluted earnings per share rose by 20% to CNY 0.06[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 20,705,101.50, an increase of 41.56% year-on-year[6] - Net profit rose by 43.12% to ¥26,354,950.16 compared to ¥18,415,054.46 in the same period last year[16] - Total profit increased by 31.61% to ¥33,147,523.94 from ¥25,185,368.75 year-on-year[16] - The net profit attributable to shareholders of the parent company was ¥23,927,044.66, up from ¥18,415,061.95 in the previous year[35] - The company reported a comprehensive income total of ¥27,139,402.34 for Q1 2015, compared to ¥18,855,728.53 in Q1 2014[35] Cash Flow - Operating cash flow net amount was CNY -25,677,912.82, a decrease of 125.29% year-on-year[6] - The net cash flow from operating activities for Q1 2015 was -25,677,912.82 RMB, a decrease from 101,528,723.67 RMB in the previous period[39] - Cash inflow from operating activities totaled 1,983,797,082.86 RMB, while cash outflow was 2,009,474,995.68 RMB, resulting in a net cash outflow[39] - The net cash flow from investing activities was -226,753,079.57 RMB, compared to -13,086,262.74 RMB in the prior year[40] - The net cash flow from financing activities was 95,649,368.33 RMB, a recovery from -23,084,281.79 RMB in the prior year[40] Assets and Liabilities - Total assets decreased by 1.79% to CNY 3,051,251,168.61 compared to the end of the previous year[6] - Accounts receivable increased by 32.09% to ¥15,703,600.22 from ¥11,889,007.12[13] - Other current assets surged by 439.86% to ¥87,302,129.75, primarily due to the investment of idle funds in bank financial products amounting to ¥80 million[15] - The company's cash and cash equivalents decreased from ¥512,692,937.18 at the beginning of the year to ¥420,848,924.12, representing a decline of approximately 17.9%[27] - Total current assets decreased from ¥2,505,214,128.80 to ¥2,433,343,000.82, reflecting a decline of approximately 2.9%[28] - Current liabilities decreased from ¥1,698,413,562.95 to ¥1,614,651,190.38, a reduction of approximately 4.9%[29] - The company's total liabilities decreased from ¥1,701,037,956.93 to ¥1,617,245,382.21, reflecting a decline of about 4.9%[29] - The total equity attributable to shareholders increased from ¥1,378,815,387.74 to ¥1,404,525,134.58, an increase of approximately 1.9%[29] Shareholder Information - The number of shareholders reached 20,687 at the end of the reporting period[10] - The largest shareholder, Hong Kong China Travel International Freight Co., Ltd., holds 58.50% of the shares[10] Operational Highlights - Non-operating income included government subsidies of CNY 4,049,083.13[8] - Operating tax and additional charges decreased by 82.04% to ¥452,522.08 due to the exemption of VAT for international freight forwarding services[16] - The acquisition of 65% of Deshang contributed an additional profit of ¥5,940,000, accounting for 74% of the total profit increase[16] - The company paid dividends of ¥37,150,024.27, resulting in a 98.73% decrease in payable dividends[15] - The company has committed to ensuring new rental properties if current ones become unusable, sharing losses at an 80% to 20% ratio with its partner[25] - The company has not reported any violations of commitments made with its partners during the reporting period[25] Cost Management - Total operating costs for Q1 2015 were ¥1,873,543,517.17, down 0.9% from ¥1,891,529,950.35 in the same period last year[34] - The company experienced a decrease in sales expenses, which were ¥73,527,122.48 in Q1 2015, compared to ¥57,387,001.84 in the previous year, indicating a strategic focus on cost management[34]