CREAT(SZ:002350)2014-04-18 16:00Financial Performance - The company's operating revenue for Q1 2014 was CNY 194,112,420.51, representing a 30.47% increase compared to CNY 148,774,862.09 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2014 was CNY 1,805,617.68, a significant increase of 294.45% from CNY 457,753.35 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was CNY 86,831.12, recovering from a loss of CNY 1,067,298.47 in the same period last year, marking a 108.14% improvement[7]. - The company's basic and diluted earnings per share for Q1 2014 were both CNY 0.0083, up 295.24% from CNY 0.0021 in the previous year[7]. - Operating revenue and operating costs increased by CNY 45.34 million and CNY 31.29 million, representing growth rates of 30.47% and 28.90%, respectively, primarily due to an increase in contracts that met execution conditions compared to the same period last year[13]. - Operating profit and total profit increased by CNY 0.35 million and CNY 0.97 million, with growth rates of 168.90% and 46.39%, respectively, primarily due to the increase in operating revenue[13]. - The company reported a total profit of CNY 3,051,893.65 for Q1 2014, an increase of 46.5% from CNY 2,084,779.12 in the previous year[32]. - Net profit for Q1 2014 reached CNY 2,114,730.37, a significant increase from CNY 727,996.75 in Q1 2013, representing a growth of 189.5%[32]. Cash Flow - The company reported a net cash flow from operating activities of CNY -149,067,299.94, which is a decline of 196.43% compared to CNY -50,286,748.22 in the same period last year[7]. - The net cash flow from operating activities decreased by CNY 98.78 million, a decline of 196.43%, mainly due to increased cash payments for goods and taxes, as well as a decrease in cash collections[14]. - Cash flow from operating activities for Q1 2014 was negative CNY 149,067,299.94, worsening from negative CNY 50,286,748.22 in Q1 2013[37]. - Total cash inflow from operating activities was 169,400,900.28 CNY, down from 205,304,514.89 CNY, reflecting a decline of approximately 17.4%[38]. - Cash outflow from operating activities increased to 295,038,567.75 CNY from 228,862,913.66 CNY, representing an increase of about 29%[38]. - The net cash flow from investing activities decreased by CNY 35.50 million, a decline of 936.72%, primarily due to the purchase of part of the equity of the controlled subsidiary Beijing Keri Borun Power Electronics Co., Ltd. for CNY 29.70 million[14]. - The net cash flow from investing activities was -71,834,320.14 CNY, worsening from -5,817,679.17 CNY in the previous period[39]. - Cash outflow from investing activities rose significantly to 71,849,320.14 CNY from 17,489,913.62 CNY, indicating a substantial increase in investment expenditures[39]. - The net cash flow from financing activities increased by CNY 46.68 million, a growth of 261.98%, mainly due to the addition of bank loans amounting to CNY 30.00 million[14]. - Cash inflow from financing activities was 30,000,000.00 CNY, with a net cash flow of 29,109,625.00 CNY after accounting for cash outflows[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,474,436,362.97, reflecting a 1.41% increase from CNY 1,453,979,525.68 at the end of the previous year[7]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,020,469,428.10, a slight increase of 0.18% from CNY 1,018,663,810.42 at the end of the previous year[7]. - Total liabilities increased to CNY 413,225,333.03 from CNY 412,130,223.42, a slight increase of about 0.3%[27]. - Total equity increased to CNY 1,061,211,029.94 from CNY 1,041,849,302.26, reflecting a growth of approximately 1.8%[27]. - Current assets decreased to CNY 1,109,863,584.62 from CNY 1,127,840,797.12, a decline of about 1.6%[25]. - Cash and cash equivalents decreased to CNY 390,557,685.87 from CNY 553,918,321.87, a drop of approximately 29.4%[25]. - Accounts receivable increased to CNY 371,532,005.22 from CNY 307,039,174.71, representing a growth of about 21.0%[25]. - Inventory rose to CNY 261,325,756.78 from CNY 216,213,413.20, an increase of approximately 20.9%[25]. - Short-term borrowings increased to CNY 75,000,000.00 from CNY 45,000,000.00, a rise of about 66.7%[27]. - Accounts payable decreased to CNY 264,465,710.81 from CNY 225,218,628.20, a decline of approximately 17.4%[27]. Shareholder Information - The number of shareholders at the end of the reporting period was 15,219, with the top ten shareholders holding a combined 66.69% of the shares[9]. - The minority shareholders' equity increased by CNY 17.56 million, a growth of 75.72%, mainly due to the addition of minority shareholders' equity from the newly controlled subsidiary Beijing Keri Borun Power Electronics Co., Ltd.[13]. Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[36].