SACO(SZ:002025)2014-04-25 16:00Financial Performance - Revenue for Q1 2014 was CNY 387,142,200.71, an increase of 19.2% compared to CNY 324,780,005.11 in the same period last year[6] - Net profit attributable to shareholders was CNY 44,642,678.45, up 14.64% from CNY 38,942,796.67 year-on-year[6] - The net cash flow from operating activities improved by 25.92%, reaching CNY -52,469,772.26 compared to CNY -70,828,311.51 in the previous year[6] - Operating costs for the period were CNY 241,406,521.79, reflecting a 34.38% increase year-on-year due to higher revenue and lower gross margins from a subsidiary[15] - Non-operating income surged by 483.20% to CNY 943,848.96, largely due to government subsidies received by subsidiaries[16] - The weighted average return on net assets was 2.69%, slightly up from 2.55% in the previous year[6] Assets and Liabilities - Total assets increased by 6.29% to CNY 2,637,020,493.13 from CNY 2,481,028,766.82 at the end of the previous year[6] - Accounts receivable net amount rose by 52.61% to CNY 731,886,594.40, driven by increased revenue and the company's historical cash collection patterns[15] - Accounts payable increased by 46.50% to CNY 317,772,480.35, primarily due to increased commercial credit from material purchases[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,722[9] - The net profit attributable to shareholders for the first half of 2014 is expected to be between 87.61 million and 100.13 million yuan, representing a growth of 5% to 20% compared to 83.44 million yuan in the same period of 2013[20] Future Outlook - The company anticipates that its business scale and operating performance will maintain rapid growth due to strategic management measures and meeting new demands from key markets and users[20] - The company has fulfilled its commitments regarding avoiding competition and the sale of shares as per the agreements made in previous years[19]