ST工智(000584) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was CNY 420,221,711.40, a decrease of 47.8% compared to CNY 804,992,609.03 in the same period last year[8] - The net profit attributable to shareholders was CNY 51,908,025.95, down 57.26% from CNY 121,458,672.13 year-on-year[8] - Operating revenue decreased by 47.80% to ¥420,221,711.40 compared to the previous period[20] - Operating costs decreased by 45.26% to ¥301,960,203.01 compared to the previous period[20] - Sales expenses decreased by 63.01% to ¥5,497,524.97 due to reduced income recognition from the subsidiary[20] - Income tax expenses decreased by 52.88% to ¥19,187,439.46 due to reduced income and profit recognition from the subsidiary[21] Cash Flow - The net cash flow from operating activities increased significantly by 1,027.62%, reaching CNY 185,352,845.65, compared to a negative cash flow of CNY 19,981,545.97 in the previous year[8] - Net cash flow from operating activities increased by 1027.62% to ¥185,352,845.65 due to an increase in advance payments for housing[21] - Net cash flow from financing activities increased by 41.86% to -¥11,997,416.64 due to reduced payments for financing leases[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,712,531,798.99, reflecting a 3.42% increase from CNY 3,589,601,223.16 at the end of the previous year[8] - The net assets attributable to shareholders increased by 2.56% to CNY 2,108,131,800.60 from CNY 2,055,577,799.65 at the end of the previous year[8] - The company’s accounts receivable increased by 486.54% compared to the beginning of the year, primarily due to increased credit limits for reliable customers[17] - Other current liabilities decreased by 100% to ¥0, indicating a significant reduction in liabilities[20] Expenses and Impairments - Operating costs decreased by 45.26% compared to the previous year, attributed to reduced costs corresponding to the lower revenue recognized by the subsidiary[17] - The company reported a 70.56% decrease in business taxes and additional charges, linked to the reduced revenue recognized by the subsidiary[17] - Financial expenses increased by 104.54% to ¥219,468.88 primarily due to decreased interest income[21] - Asset impairment losses increased by 104.25% to ¥157,087.31 due to an increase in receivables and corresponding bad debt provisions[21] Shareholder and Investor Communications - The total number of shareholders at the end of the reporting period was 43,942[10] - The company discussed its profit distribution plan during investor communications on January 8, 2014[33] - The company provided updates on the Shudu Center's status in communications on January 20, 2014[33] - The company reported on its spandex production situation during discussions on January 23 and February 24, 2014[33] - Overall business performance was addressed in a call on February 11, 2014[33] - The company reviewed its annual report during the call on March 3, 2014[33] - Shareholder meeting details were shared in a communication on March 18, 2014[33] Return on Assets - The weighted average return on net assets was 2.49%, down 4.57% from 7.06% in the previous year[8] - Fair value changes in financial assets increased by 40% to ¥157,780.98 due to changes in the fair value of trading financial assets[21]