SDGI(SZ:000070)2014-04-21 16:00Revenue and Profit - Revenue for Q1 2014 was CNY 293,282,748.77, representing a 2.2% increase compared to CNY 286,975,586.80 in the same period last year[8] - Net profit attributable to shareholders decreased by 61.91% to CNY 9,254,171.08 from CNY 24,297,316.05 year-on-year[8] - Net profit excluding non-recurring gains and losses increased by 11.13% to CNY 9,042,792.36 compared to CNY 8,137,423.12 in the previous year[8] - Basic earnings per share fell by 62.93% to CNY 0.0341 from CNY 0.092 in the same period last year[8] - The weighted average return on net assets decreased to 0.9% from 2.7% year-on-year, a decline of 1.8%[8] Assets and Shareholders - Total assets at the end of the reporting period were CNY 2,283,463,431.14, up 1.33% from CNY 2,253,466,927.67 at the end of the previous year[8] - Net assets attributable to shareholders increased by 0.9% to CNY 1,030,430,151.14 from CNY 1,021,239,543.91 at the end of the previous year[8] - The total number of shareholders at the end of the reporting period was 26,417[11] - The largest shareholder, Shenzhen Tefa Group Co., Ltd., holds 45.33% of the shares, totaling 122,841,186 shares[11] Cash Flow - The company reported a net cash flow from operating activities of CNY 967,754.87, a significant improvement from a negative cash flow of CNY 42,745,413.01 in the previous year[8] - Net cash flow from operating activities improved significantly to 967,754.87, compared to a negative 42,745,413.01 in the previous year[16] - Net cash flow from investing activities worsened to -56,363,401.19, largely due to the purchase of bank wealth management products[16] - Net cash flow from financing activities decreased by 81.35% to 26,457,751.08, mainly due to a reduction in funds from non-public stock issuance last year[16] Assets Management - Accounts receivable decreased by 37.95% from the beginning of the year, primarily due to the maturity and acceptance of notes[16] - Inventory increased by 24.96% to 516,094,836.87, driven by production preparations based on customer orders and expected demand[16] - Other current assets surged by 11238% to 56,000,000.00, mainly due to the purchase of bank wealth management products[16] Expenses - Operating tax and additional fees rose by 68.69% to 2,291,387.47, attributed to increased VAT payments compared to the previous year[16] - Sales expenses increased by 46.19% to 19,362,121.75, due to a larger scale of sales orders and related costs[16] - Investment income plummeted by 93.57% to 909,112.49, primarily due to last year's gains from the transfer of a subsidiary[16] Future Plans - The company plans to actively research and formulate a new equity incentive plan to replace previous commitments that do not comply with current regulations[20]