PACIFIC QUARTZ(SH:603688)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 18,823,792.22, an increase of 31.95% year-on-year[6]. - Operating revenue for the period reached CNY 90,675,152.32, reflecting a growth of 16.40% compared to the same period last year[6]. - The net profit after deducting non-recurring gains and losses was CNY 18,114,378.73, representing a year-on-year increase of 28.31%[6]. - Net profit for Q1 2015 reached RMB 18,823,792.22, a 31.95% increase from RMB 14,266,139.58 in the same period last year[13]. - Total operating revenue for Q1 2015 was CNY 83,651,297.10, an increase of 13.4% compared to CNY 73,863,122.60 in the same period last year[40]. - The total profit for Q1 2015 was CNY 21,433,397.68, up 41.0% from CNY 15,182,804.87 in Q1 2014[38]. Cash Flow - The net cash flow from operating activities was CNY 642,958.83, a significant recovery from a negative cash flow of CNY -20,969,978.67 in the previous year[6]. - Cash inflow from operating activities was CNY 86,610,171.22, compared to CNY 57,556,389.98 in Q1 2014, indicating a significant increase[43]. - The company reported a cash outflow of 600,000.00 RMB related to financing activities, with no cash inflows recorded during the period[46]. - The total cash and cash equivalents decreased by 11,862,365.62 RMB during the period, a smaller decline compared to 34,022,795.88 RMB in the previous year[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,143[10]. - The top shareholder, Chen Shibin, held 29.48% of the shares, totaling 65,985,000 shares[11]. - The company has committed to not transferring or entrusting its shares within 36 months from the date of the initial public offering, with a potential extension of 6 months if certain price conditions are met[18]. - After the lock-up period, the company can only transfer up to 25% of its total old shares within the first 12 months and another 25% in the subsequent 12 months[19]. Expenses and Liabilities - The company's sales expenses increased by 29.10% to RMB 3,247,176.44, driven by revenue growth[13]. - The tax expenses rose by 184.68% to RMB 2,609,605.46, reflecting an increase in total profit[13]. - The company reported a decrease in accounts payable from CNY 37,234,568.81 to CNY 23,937,147.66, a decline of 35.5%[35]. - Total liabilities decreased to CNY 51,572,635.10 from CNY 65,068,350.97, a reduction of 20.6%[36]. Assets - Total assets at the end of the reporting period were CNY 1,253,959,285.02, a decrease of 0.04% compared to the end of the previous year[6]. - Cash and cash equivalents at the end of the period were CNY 543,655,990.21, down from CNY 557,650,939.50 at the beginning of the year, representing a decrease of 2.0%[34]. - Accounts receivable decreased by 50.06% to RMB 13,029,870.60 from RMB 26,089,059.89 at the beginning of the period[13]. - Inventory rose to CNY 83,892,248.30, up from CNY 78,110,705.38, indicating a growth of 7.0%[35]. Commitments and Compliance - There were no violations of commitments during the reporting period[20]. - The controlling shareholder, Mr. Chen Shibin, has pledged not to engage in any business that competes with the company during his tenure[21]. - Mr. Chen has also committed to ensuring that any business opportunities that may compete with the company will be offered to the company first[21]. - The controlling shareholder has promised not to occupy the company's funds or assets in any manner and will compensate for any economic losses incurred due to such actions[26].