TK(SZ:002117)2014-04-24 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥287,648,586.41, representing a 19.88% increase compared to ¥239,938,873.53 in the same period last year[9] - Net profit attributable to shareholders was ¥40,901,051.80, up 32.51% from ¥30,866,089.06 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥40,344,218.11, reflecting a 34.12% increase from ¥30,080,014.40 in the previous year[9] - Basic earnings per share increased by 30% to ¥0.13 from ¥0.10 in the same period last year[9] - The weighted average return on equity rose to 3.38%, an increase of 0.63% compared to 2.75% in the previous year[9] - Net profit for the current period was ¥45,637,275.20, representing a growth of 30.24% from ¥35,062,868.67 in the same period last year[37] - The total comprehensive income for the current period was ¥45,637,275.20, up from ¥35,062,868.67 in the previous period, marking a 30.24% increase[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,578,340,107.58, a decrease of 0.97% from ¥1,593,769,899.09 at the end of the previous year[9] - The net assets attributable to shareholders decreased by 1.66% to ¥1,170,460,994.67 from ¥1,190,215,945.27 at the end of the previous year[9] - Current assets total 801,079,896.04 RMB, down from 821,162,993.09 RMB at the start of the period[24] - Total liabilities at the end of the period are 360,136,058.30 RMB, compared to 346,829,658.30 RMB at the beginning, indicating a slight increase in debt[27] - The equity attributable to shareholders decreased to 1,170,460,994.67 RMB from 1,190,215,945.27 RMB, reflecting a decline in shareholder value[27] Cash Flow - The company reported a net cash flow from operating activities of -¥52,147,581.00, which is a decline of 12.39% compared to -¥46,398,108.20 in the same period last year[9] - Cash flow from operating activities showed a net outflow of ¥52,147,581.00, worsening from a net outflow of ¥46,398,108.20 in the previous period[44] - The net cash flow from operating activities was -21,268,953.95 CNY, compared to -14,570,501.72 CNY in the previous period, indicating a decline in operational cash flow[46] - Total cash inflow from operating activities was 183,376,517.80 CNY, up from 156,417,693.63 CNY year-over-year, reflecting a growth of approximately 17.2%[46] - Cash outflow from operating activities increased to 204,645,471.75 CNY from 170,988,195.35 CNY, representing a rise of about 19.6%[46] - The net increase in cash and cash equivalents was -204,656,672.84 CNY, compared to an increase of 4,358,278.11 CNY in the previous period[49] - The ending balance of cash and cash equivalents was 132,597,556.58 CNY, down from 209,179,702.39 CNY, reflecting a decrease of about 36.5%[49] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,916[12] - The top shareholder, Hong Kong Jiduo Group, held 28.45% of the shares, totaling 86,273,724 shares[12] Future Outlook - The net profit attributable to shareholders for the first half of 2014 is expected to be between 6,723.95 million and 9,986.07 million RMB, representing a growth of 1% to 50% compared to 6,657.38 million RMB in the same period of 2013[21] - The company anticipates steady growth in operational performance for the first half of 2014, indicating a positive business outlook[21] Investment Activities - Investment activities resulted in a net cash outflow of ¥282,860,425.44, compared to a net inflow of ¥12,939,733.81 last year[44] - The company recorded investment income of ¥39,750.00, a decrease from ¥230,904.11 in the prior period[37] - Cash inflow from investing activities totaled 41,098,417.50 CNY, slightly up from 40,230,904.11 CNY, showing a marginal increase of 2.2%[46] - Cash outflow from investing activities surged to 224,485,862.04 CNY from 21,294,318.32 CNY, indicating a dramatic increase of approximately 957.5%[46] Inventory and Receivables - Accounts receivable increased to 177,402,435.08 RMB from 88,515,196.05 RMB, reflecting a substantial rise in credit sales[24] - Inventory levels decreased to 88,789,077.76 RMB from 143,781,546.98 RMB, suggesting improved inventory management[24] - The company has reported a significant increase in other receivables, rising to 28,641,817.33 RMB from 13,853,299.24 RMB, which may indicate changes in credit policies or customer relationships[24]