NETSUN(SZ:002095)2014-04-25 16:00Revenue and Profit - Revenue for Q1 2014 was CNY 42,819,488.99, a decrease of 17.1% compared to CNY 51,649,517.90 in the same period last year[8] - Net profit attributable to shareholders was CNY 10,668,028.49, an increase of 7.97% from CNY 9,880,494.37 year-on-year[8] - Basic earnings per share increased by 16.67% to CNY 0.07 from CNY 0.06 in the same period last year[8] - The company expects net profit attributable to shareholders for the first half of 2014 to range from 1,579.04 to 2,565.94 million, reflecting a decrease of 20% to 30% compared to the previous year[20] Cash Flow and Operating Activities - Net cash flow from operating activities decreased by 76.71% to CNY 2,484,432.10 from CNY 10,669,039.13 in the previous year[8] - Cash received from operating activities increased by 43.67% to 5,511,530.54, mainly due to higher interest income[16] - Cash paid for purchasing goods and services decreased by 44.39% to 11,410,558.76, attributed to reduced REACH registration service revenue and costs[16] - Cash paid to employees increased by 76.50% to 20,598,134.36, primarily due to higher employee compensation payments[16] - Cash paid for taxes increased by 35.38% to 3,293,720.21, mainly due to an increase in invoicing and corresponding tax payments[16] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 599,577,994.23, up 1.01% from CNY 593,570,983.21 at the end of the previous year[8] - Net assets attributable to shareholders increased by 2.23% to CNY 497,402,518.10 from CNY 486,556,726.30 at the end of the previous year[8] - The total number of shareholders at the end of the reporting period was 22,598[11] - The largest shareholder, Hangzhou Zhongda Information Technology Co., Ltd., holds 48.75% of the shares, amounting to 78,975,000 shares[11] Financial Performance Metrics - The weighted average return on equity was 2.17%, slightly up from 2.08% in the previous year[8] - Accounts receivable increased by 109.61% compared to the previous year, reaching 7,005,146.86, primarily due to invoices issued but payments not yet received[16] - Prepayments rose by 120.76% to 5,018,914.94, mainly due to increased exhibition fees[16] - Operating costs decreased by 53.87% to 9,342,789.13, attributed to a reduction in REACH registration revenue and corresponding costs[16] - Financial expenses decreased by 79.23% to -4,465,711.37, mainly due to increased interest income[16] - Asset impairment losses surged by 460.17% to 319,582.46, primarily due to an increase in accounts receivable and corresponding bad debt provisions[16]