TSC(SZ:000877)2014-04-29 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥649,721,853.43, an increase of 11.37% compared to ¥583,402,791.20 in the same period last year[10] - The net profit attributable to shareholders was a loss of ¥151,254,971.81, which is an improvement of 16.26% from a loss of ¥180,620,240.16 in the previous year[10] - The basic earnings per share were -¥0.17, a 19.05% improvement from -¥0.21 in the previous year[10] - The company reported a gross profit margin of approximately 21.7% for Q1 2014, compared to 4.5% in the previous year[39] - Operating profit for Q1 2014 was -CNY 210,174,818.31, an improvement from -CNY 245,709,727.07 in Q1 2013[40] - Net loss for Q1 2014 was CNY 188,391,441.11, compared to a net loss of CNY 232,261,426.82 in Q1 2013, showing an improvement of 18.9%[40] Cash Flow - The net cash flow from operating activities improved by 33.36%, reaching -¥430,291,437.54 compared to -¥645,715,667.66 in the same period last year[10] - Cash inflow from operating activities was CNY 939,215,035.46, compared to CNY 697,441,427.03 in the previous year, indicating a growth of 34.6%[42] - The cash inflow from operating activities was 575,426,364.00 CNY, compared to 887,435,705.55 CNY in Q1 2013, reflecting a decrease of 35.2%[45] - The company reported a cash outflow of 304,165,505.13 CNY related to other operating activities, a decrease from 1,069,213,841.37 CNY in the previous year, indicating a reduction of 71.5%[45] - The cash flow from investment activities showed a net outflow of -40,955,858.88 CNY, compared to -238,348,206.59 CNY in the same period last year, marking a 82.8% improvement[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,422,449,941.21, a slight increase of 0.44% from ¥21,328,899,068.06 at the end of the previous year[10] - The net assets attributable to shareholders decreased by 2.24%, amounting to ¥6,523,685,391.66 compared to ¥6,673,299,763.15 at the end of the previous year[10] - Total liabilities increased to CNY 13,685,176,381.86 from CNY 13,405,163,894.61, reflecting a growth of about 2.09%[33] - The company's total liabilities increased to CNY 6,227,598,611.30 from CNY 5,985,902,001.00, marking a rise of 4.0%[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 67,343[15] - The largest shareholder, China National Materials Group Corporation, held 35.49% of the shares, totaling 312,381,609 shares[15] Inventory and Receivables - Accounts receivable decreased by 50% compared to the beginning of the year due to the collection and discounting of some notes[19] - Other receivables increased by 186% compared to the beginning of the year due to increased advance payments as the sales peak season approaches[21] - Inventory increased by 62% compared to the beginning of the year due to production and sales reserves[21] - Prepayments increased by 123% compared to the beginning of the year as the sales peak season approaches[21] Financial Expenses and Impairments - Financial expenses increased by 59% year-on-year due to increased borrowings and the cessation of interest capitalization on completed projects[21] - Asset impairment losses increased by 97% year-on-year due to an increase in bad debt provisions from rising receivables[21] Other Financial Metrics - The weighted average return on equity was -2.29%, an improvement from -2.83% in the same period last year[10] - The company has not undergone an audit for the Q1 2014 report, indicating that the figures presented are unaudited[48]