Tech-Bank(SZ:002124)2014-11-11 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥518,969,067.08, representing a 43.82% increase compared to ¥360,856,992.55 in the same period last year[8] - The net profit attributable to shareholders was -¥23,504,958.95, a decrease of 43.64% from -¥16,363,982.95 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥46,034,509.94, reflecting a 148.92% increase in losses compared to -¥18,493,508.47 in the previous year[8] - The net loss for Q1 2014 was ¥24,683,722.42, compared to a net loss of ¥17,703,958.22 in Q1 2013, representing an increase in loss of 39.4%[31] - Basic and diluted earnings per share for Q1 2014 were both -¥0.110, compared to -¥0.080 in the same quarter last year[31] Cash Flow - The net cash flow from operating activities improved by 44.28%, amounting to -¥62,420,559.09, compared to -¥112,015,928.16 in the same period last year[8] - Cash received from sales and services in Q1 2014 was ¥598,197,787.27, compared to ¥367,398,952.71 in the previous year, indicating a significant increase[36] - Total cash inflow from operating activities was 625,264,501.41 CNY, while cash outflow was 687,685,060.50 CNY, resulting in a net cash flow deficit[37] - The company generated 128,970,539.72 CNY in cash from operating activities, a significant increase from 64,385,153.52 CNY in the previous year[40] - The company’s cash flow from operating activities showed a net positive of 23,239,240.74 CNY, compared to a negative cash flow of -68,051,846.28 CNY in the previous year[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,888,398,065.92, a 1.95% increase from ¥1,852,198,729.48 at the end of the previous year[8] - Total liabilities rose from CNY 1.24 billion to CNY 1.29 billion, an increase of approximately 4.4%[24] - The total liabilities as of the end of Q1 2014 were ¥776,114,906.14, an increase of 11.5% from ¥696,026,654.21 at the end of the previous year[30] - The company's total equity decreased from CNY 615.52 million to CNY 592.79 million, a decline of about 3.7%[24] - The total equity decreased to ¥432,963,842.68 in Q1 2014 from ¥445,468,662.07 in the same period last year, a decline of 2.8%[30] Operating Costs and Income - The company experienced a 48.26% increase in operating costs year-on-year, driven by higher sales volumes[15] - Total operating costs for Q1 2014 were ¥582,374,089.86, up 45.5% from ¥400,042,392.15 year-over-year[30] - Non-operating income increased by 114.24% year-on-year, primarily due to government land compensation received by a subsidiary[15] - The company reported an increase in other income to ¥45,485,719.88 in Q1 2014 from ¥21,231,135.36 in Q1 2013[31] Shareholder Information - The number of shareholders at the end of the reporting period was 13,923, with the top ten shareholders holding significant stakes[11] Inventory and Accounts Receivable - The company reported a 106.23% increase in accounts receivable compared to the beginning of the year, attributed to increased sales[15] - Accounts receivable increased significantly from CNY 49.71 million to CNY 102.53 million, representing a growth of about 106.4%[22] - Inventory rose from CNY 379.91 million to CNY 424.69 million, an increase of approximately 11.8%[22] Other Information - The company has committed to avoiding competition with its actual controllers, which has been strictly fulfilled since April 3, 2007[18] - The company did not provide specific performance forecasts for the first half of 2014[19] - The company acquired 100% equity of Aige Feishi Industry through its wholly-owned subsidiary Yihui International on September 14, 2013[16]