LONCIN(SH:603766)2014-04-24 16:00Financial Performance - Operating revenue decreased by 6.34% to CNY 1,491,538,602.99 compared to the same period last year[9] - Net profit attributable to shareholders increased by 5.43% to CNY 144,800,965.30 compared to the same period last year[9] - Operating profit decreased by 3.26% year-on-year, influenced by a decline in revenue despite stable gross margins[18] - Non-operating income increased by 632.79% year-on-year, mainly due to increased government subsidies received during the reporting period[18] - Net profit increased to CNY 154,563,537.02, up 7.00% from CNY 143,561,035.21 in the previous period[38] - Basic and diluted earnings per share rose to CNY 0.1810, compared to CNY 0.1717 in the previous period, reflecting a growth of 2.27%[38] Assets and Liabilities - Total assets increased by 0.89% to CNY 5,593,752,343.76 compared to the end of the previous year[9] - The company's total liabilities decreased to CNY 1,775,533,684.36 from CNY 1,876,308,224.46, indicating a reduction in financial obligations[31] - The total equity attributable to shareholders increased to CNY 3,733,056,866.39 from CNY 3,588,255,901.09, reflecting a growth of approximately 4.03%[31] - Cash and cash equivalents decreased to CNY 1,575,160,038.73 from CNY 1,807,159,966.10, a decline of about 12.83%[29] - Accounts receivable rose significantly to CNY 768,913,070.84 from CNY 563,333,072.40, representing an increase of approximately 36.5%[29] Cash Flow - Cash flow from operating activities decreased by 130.07% to -CNY 18,295,458.24 compared to the same period last year[9] - Net cash flow from operating activities decreased to CNY 60,073,753.52 from CNY 85,333,196.86, a decline of 29.6% year-over-year[46] - Cash inflow from investment activities was CNY 1,215,994,776.58, significantly up from CNY 203,530,934.23, marking a growth of 497.5%[46] - Net cash flow from financing activities improved to CNY 1,580,088.00 from a negative CNY -97,467,323.27, indicating a recovery[47] Receivables and Prepayments - Trade receivables increased by 36.49% compared to the beginning of the year, primarily due to changes in domestic and foreign sales settlement methods[13] - Other receivables increased by 98.89% compared to the beginning of the year, mainly due to an increase in export tax refunds[13] - Prepayments increased by 41.39% compared to the beginning of the year, driven by an increase in export sales orders[13] Shareholder Information - The number of shareholders reached 20,269 at the end of the reporting period[12] - Minority shareholders' profit increased by 56.97% year-on-year, mainly due to significant profit growth from the controlled subsidiary, Henan Longxin Locomotive[18] Investment and Financial Activities - Investment income increased by 127.37% year-on-year, primarily from forward foreign exchange contracts and matured financial products[18] - The company received CNY 1,211,274,215.00 from investment recoveries, a substantial increase from CNY 200,000,000.00 in the previous year[46] - The company’s cash outflow for purchasing fixed assets was CNY 16,377,215.86, down from CNY 85,248,216.54, a reduction of 80.8%[46] Strategic Focus - The company is actively pursuing new strategies for market expansion and product development, although specific details were not disclosed in the report[30] - The company plans to focus on market expansion and new product development in the upcoming quarters[38]