NCIC(SZ:002246)2014-04-25 16:00Financial Performance - The company's operating revenue for Q1 2014 was CNY 408,677,547.88, representing a 9.34% increase compared to CNY 373,773,475.80 in the same period last year[6]. - Net profit attributable to shareholders was CNY 12,914,268.16, a significant increase of 47.9% from CNY 8,731,796.35 in the previous year[6]. - The basic earnings per share rose to CNY 0.05, up 25% from CNY 0.04 in the previous year[6]. - The company reported a significant increase in net profit excluding non-recurring gains and losses, reaching CNY 7,069,516.79, compared to a loss of CNY 50,972.36 in the same period last year, marking a 13,969.31% increase[6]. - The expected net profit attributable to shareholders for the first half of 2014 is projected to be between 20 million and 30 million yuan, representing a year-on-year increase of 10% to 60%[23]. - The net profit attributable to shareholders for the first half of 2013 was 18.32 million yuan, indicating a positive performance outlook for 2014[23]. Cash Flow - The net cash flow from operating activities improved to CNY 14,488,119.65, a 126.35% increase from a negative cash flow of CNY 54,974,787.04 in the same period last year[6]. - Net cash flow from operating activities increased by 69.46 million yuan, a growth rate of 126.35%, primarily due to extended procurement payment credit terms and increased collection efforts[20]. - Net cash flow from financing activities decreased by 72.81 million yuan, a decline of 444.51%, mainly due to a year-on-year decrease in borrowings of 65 million yuan and an increase in repayments of 10 million yuan[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,663,260,868.01, a decrease of 0.92% from CNY 1,678,699,898.35 at the end of the previous year[6]. - The company reduced short-term borrowings by CNY 55 million, a decrease of 43.31% compared to the beginning of the year[16]. - Financial expenses decreased by CNY 1.35 million, a reduction of 61.67%, attributed to lower interest expenses from repaid loans[19]. Shareholder Information - The number of shareholders at the end of the reporting period was 13,024[10]. Sales and Market Outlook - Prepayments increased by CNY 13.39 million, reflecting a 35.67% rise due to enhanced sales management[16]. - The company anticipates stable operating conditions for nitrocellulose and industrial pump products, with an increase in sales and positive growth in foreign trade orders for nitrocellulose and flue gas desulfurization pumps[23]. - Investment income loss increased by 450,000 yuan, a growth rate of 278.87%, mainly due to the transfer of equity in the subsidiary Sichuan Northern Qinyuan Bioengineering Co., Ltd.[20].