CAERI(SH:601965)2014-04-18 16:00Financial Performance - Net profit attributable to shareholders increased by 11.99% to CNY 64,310,705.70 year-on-year[12] - Operating income decreased by 4.02% to CNY 280,277,745.50 compared to the same period last year[12] - Basic earnings per share increased by 11.11% to CNY 0.10[12] - Net profit for Q1 2014 reached CNY 65,326,596.89, representing an increase of 12.3% compared to CNY 57,970,116.70 in Q1 2013[26] - Basic earnings per share for Q1 2014 was CNY 0.10, up from CNY 0.09 in the previous year[26] - Operating profit for Q1 2014 was CNY 70,141,438.59, slightly down from CNY 70,981,122.48 in Q1 2013[25] - Total operating revenue for Q1 2014 was CNY 280,277,745.50, a decrease of 4.3% from CNY 292,029,027.61 in the same period last year[25] Cash Flow - Net cash flow from operating activities surged by 323.93% to CNY 68,703,205.73[12] - Cash flow from operating activities for Q1 2014 was CNY 68,703,205.73, significantly higher than CNY 16,206,364.58 in the same period last year[30] - Total cash inflow from operating activities was 102,892,246.49 RMB, an increase from 75,599,215.90 RMB in the previous period[33] - Cash outflow for operating activities totaled 120,078,132.19 RMB, slightly higher than 113,330,740.69 RMB in the previous period[33] Assets and Liabilities - Total assets increased by 3.23% to CNY 4,098,599,891.54 compared to the end of the previous year[12] - Total assets as of the end of Q1 2014 were CNY 3,708,306,354.21, an increase from CNY 3,659,263,006.27 at the end of the previous quarter[23] - Total liabilities rose to ¥738,752,267.13 from ¥675,977,178.50, indicating increased financial obligations[20] - Total liabilities decreased to CNY 679,987,734.57 from CNY 690,378,178.08 in the previous quarter[23] - Owner's equity increased to CNY 3,028,318,619.64 from CNY 2,968,884,828.19 in the previous quarter[23] Inventory and Receivables - Accounts receivable decreased by 42.99% to ¥98,706,957.83 due to the maturity of accepted bills[16] - Prepayments increased by 238.20% to ¥64,623,541.69 as the company increased inventory for peak production and sales[16] - Inventory rose by 49.25% to ¥263,460,698.19, reflecting increased stock for peak production[16] Government Support and Other Income - Government subsidies related to new products amounted to CNY 7,000,200.00[13] - Other income surged by 11,489.31% to ¥7,045,751.11, primarily from increased government subsidies[16] Expenses - Management expenses increased by 40.75% to ¥30,525,416.82 due to higher operational costs after headquarters relocation[16] - Operating tax and additional fees decreased by 80.91% to ¥809,256.43 following the tax reform[16] Investment Activities - Total cash inflow from investment activities was 775,380,019.42 RMB, significantly higher than 9,716.46 RMB in the previous period[33] - Cash outflow for investment activities amounted to 737,101,791.96 RMB, compared to 102,623,091.26 RMB in the previous period[33] - The net cash flow from investment activities was 38,278,227.46 RMB, recovering from -102,613,374.80 RMB in the previous period[33] - Financing activities generated a net cash flow of 73,115,406.64 RMB, up from 22,468,714.88 RMB in the previous period[34] - The net increase in cash and cash equivalents was 94,207,748.40 RMB, contrasting with a decrease of -117,876,184.71 RMB in the previous period[34] - The ending balance of cash and cash equivalents was 1,585,555,994.96 RMB, compared to 1,429,854,734.27 RMB in the previous period[34]