SPNG(SZ:002267)2014-04-24 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥1,641,090,688.89, representing a 24.06% increase compared to ¥1,322,805,305.61 in the same period last year[10]. - Net profit attributable to shareholders was ¥253,580,497.01, up 33.8% from ¥189,527,295.42 year-on-year[10]. - Basic and diluted earnings per share rose to ¥0.2494, reflecting a 33.8% increase from ¥0.1864[10]. - Net profit for Q1 2014 was CNY 252,904,313.96, representing a 33.9% increase from CNY 188,823,252.33 in Q1 2013[46]. - Total operating revenue for Q1 2014 reached CNY 1,641,090,688.89, an increase of 23.9% compared to CNY 1,322,805,305.61 in the same period last year[44]. Cash Flow - The net cash flow from operating activities increased by 63.28% to ¥424,472,009.20, compared to ¥259,959,816.43 in the previous year[10]. - Cash inflow from operating activities totaled ¥1,755,711,142.14, compared to ¥1,600,957,482.04 in the previous period, indicating an increase of about 9.7%[52]. - The net cash flow from investing activities was -¥213,574,443.34, an improvement from -¥475,209,936.29, showing a reduction in cash outflow by approximately 55.8%[52]. - The net cash flow from financing activities was -¥389,664,415.86, compared to ¥213,516,910.07 in the previous period, indicating a significant decline in cash inflow[54]. - The cash flow from operating activities netted ¥390,422,592.33, up from ¥233,427,208.49, marking an increase of about 67.3%[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,761,525,267.46, a 1.21% increase from the previous year-end[10]. - Total liabilities decreased from CNY 5.44 billion to CNY 5.27 billion, indicating improved financial stability[35]. - Total assets as of the end of Q1 2014 were CNY 8,454,755,574.52, an increase from CNY 8,332,658,439.93 at the end of the previous year[41]. - Total liabilities decreased to CNY 5,040,755,379.43 from CNY 5,179,327,901.08, indicating a reduction of 2.7%[41]. Shareholder Information - The number of shareholders at the end of the reporting period was 34,253[13]. - As of the report date, the share transfer to Shaanxi Gas Group has been completed, making it the controlling shareholder with a 60.55% stake in the company[22]. - The total equity attributable to shareholders rose to CNY 3,414,000,195.09, compared to CNY 3,153,330,538.85, marking an increase of 8.3%[41]. Investment and Future Plans - The company plans to issue up to 102.5 million A-shares at a minimum price of 8.98 CNY per share, aiming to raise no more than 1 billion CNY for the construction of a natural gas pipeline and to supplement working capital[20]. - The company confirmed a 36.53% increase in investment income from joint ventures, amounting to ¥7,294,502.78[19]. - The company plans to obtain the land use certificate for Yangjiabao substation within one year following the approval of the shareholders' meeting[25]. Compliance and Commitments - The company has fulfilled commitments regarding avoiding competition with its controlling shareholder, Shaanxi Investment Group, as per agreements made in 2007[23]. - The company has not yet completed the acquisition of property ownership certificates as promised in its IPO prospectus, with a commitment to resolve this by July 2008[24]. - The company received regulatory attention in December 2012 regarding unfulfilled commitments, indicating ongoing compliance issues[24]. - The company is seeking exemption from the commitment to obtain ownership certificates for 7 properties in Xi'an due to planning restrictions[25].