SEARAINBOW(SZ:000503)2014-04-25 16:00Financial Performance - Revenue for Q1 2014 was CNY 49,803,513.82, an increase of 8.07% compared to CNY 46,085,937.80 in the same period last year[8] - Net profit attributable to shareholders decreased by 44.85% to CNY 1,001,756.56 from CNY 1,816,374.12 year-on-year[8] - Basic and diluted earnings per share fell by 45% to CNY 0.0011 from CNY 0.002 in the previous year[8] - Total assets at the end of the reporting period were CNY 1,417,157,442.06, a decrease of 0.76% from CNY 1,428,044,342.97 at the end of the previous year[8] - Net assets attributable to shareholders increased by 1.63% to CNY 1,276,751,281.98 from CNY 1,256,300,757.43 at the end of the previous year[8] - Cash flow from operating activities showed an improvement, with a net outflow of CNY 32,714,250.71 compared to CNY 37,599,894.03 in the previous year[8] Shareholder Information - The number of shareholders at the end of the reporting period was 41,592[11] - The largest shareholder, China Ocean Holdings, held 27.45% of shares, amounting to 246,713,763 shares, with 163,880,273 shares pledged[11] Business Expansion and Expenses - Significant increase in sales expenses by 2529.90% to CNY 1,479,368.01 due to the expansion of medical welfare management business[16] Investments and Acquisitions - The company prepaid a total of 1.7 billion yuan for the acquisition of 81% and 10% stakes in Shaoxing Xinghong Chemical Fiber, with 1.7 billion yuan and 236 million yuan respectively[17] - As of June 30, 2008, the acquisition agreement was suspended, and the company has not yet received the 1.7 billion yuan from Shaoxing Jiuzhou Chemical Fiber[17] - Shaoxing Jiuzhou Chemical Fiber pledged its shares in Shaoxing Xinghong Chemical Fiber to the company, ensuring the company's interests during negotiations for asset sales[18] - On April 22, 2013, the company agreed to receive 205 million yuan in assets from Zhejiang Guoda Group as part of the share transfer agreement[19] - The deadline for the completion of the transaction conditions was extended from November 15, 2013, to November 15, 2014, due to government approval issues[20] - The company has committed to timely release the share pledge of Shaoxing Xinghong Chemical Fiber upon the agreement's effectiveness[19] - The share transfer agreement requires approval from the state-owned assets management department of Guoda Group before it can take effect[20] - The company has not pursued the 1.7 billion yuan receivable from Shaoxing Jiuzhou Chemical Fiber following the agreement with Zhejiang Guoda Group[19] Compliance and Commitments - The company is currently in compliance with the commitments made regarding the shareholding reform plan, with no violations reported[21] - The company has made commitments to minority shareholders, confirming compliance with these commitments[23] Securities Investment - The total initial investment cost in securities amounted to CNY 149,780,574.95, with a total of 19,320,000 shares held at the beginning of the period[24] - The ending balance of securities held increased to 23,540,000 shares, representing a 22.5% increase in shareholding[24] - The total book value of securities at the end of the period was CNY 129,884,947.67, reflecting a loss of CNY 5,221,699.82 during the reporting period[24] - The investment in China Petroleum (stock code: 00857) accounted for 47.66% of the total holdings, with a book value of CNY 75,216,574.50[24] - The investment in Pacific (stock code: 00543) resulted in a loss of CNY 4,343,232.97, with a total holding of 4,000,000 shares[24] - The investment in CITIC Pacific (stock code: 00267) generated a profit of CNY 1,500,599.63, with a total holding of 1,000,000 shares[24] Investor Relations - The company engaged in multiple investor communications, discussing business models and future development plans with institutions like GF Securities and CICC[26]