GZBL(SZ:002424)2014-04-27 16:00Financial Performance - The company's revenue for Q1 2014 was ¥349,523,145.23, representing a 3.64% increase compared to ¥337,254,201.44 in the same period last year[8]. - Net profit attributable to shareholders was ¥76,365,819.01, up 13.22% from ¥67,446,403.92 year-on-year[8]. - Basic earnings per share increased by 14.29% to ¥0.16 from ¥0.14 in the same period last year[8]. - The company's non-operating income reached 1.24 million yuan, a significant increase of 1,412.43% from 82,000 yuan in the previous year, mainly due to government subsidies received during the reporting period[19]. - The estimated net profit attributable to shareholders for the first half of 2014 is projected to be between 130 million yuan and 153 million yuan, representing a growth of 10% to 30% compared to 118.41 million yuan in the same period of 2013[26]. - Net profit for the current period is $77.19 million, up from $68.34 million, representing a growth of 12.73%[44]. Cash Flow - The net cash flow from operating activities was ¥38,520,851.73, a significant recovery from a negative cash flow of ¥32,188,509.38 in the previous year[8]. - The net cash flow from operating activities was 38.52 million yuan, a substantial improvement from -32.19 million yuan in the same period last year, attributed to increased sales collections[20]. - Cash flow from operating activities for the current period is $38.52 million, a significant improvement from a negative cash flow of $32.19 million in the previous period[50]. - Net cash flow from operating activities was -$108,041,866.57, compared to -$1,975,560.42 in the prior period, indicating a significant decline[56]. - Cash outflow from operating activities amounted to $513,918,529.43, up from $397,446,671.43, representing an increase of about 29.2%[56]. - Cash outflow for investment activities was $5,782,286.86, compared to $3,631,576.50 in the previous period, marking a rise of approximately 58.9%[56]. - Cash inflow from financing activities was $119,500,000.00, down from $144,500,000.00, reflecting a decrease of about 17.3%[56]. - Net cash flow from financing activities was -$39,111,915.59, an improvement from -$63,944,671.32 in the previous period[56]. Assets and Liabilities - Total assets decreased by 3.79% to ¥3,347,170,468.85 from ¥3,479,168,982.98 at the end of the previous year[8]. - Total current assets decreased from ¥2,572,581,605.87 to ¥2,460,124,936.55, a decline of approximately 4.34%[30]. - Cash and cash equivalents decreased from ¥720,321,347.33 to ¥586,029,304.63, a reduction of about 18.63%[30]. - Total liabilities decreased from ¥1,351,790,491.92 to ¥1,142,604,620.59, a decline of approximately 15.43%[33]. - The total equity attributable to shareholders increased from ¥2,105,841,389.24 to ¥2,182,207,208.25, reflecting a growth of about 3.63%[33]. - Non-current assets decreased from ¥906,587,377.11 to ¥887,045,532.30, a decline of approximately 2.43%[30]. - Short-term borrowings decreased from ¥940,600,000.00 to ¥865,600,000.00, a reduction of about 7.95%[33]. Shareholder Information - The number of shareholders at the end of the reporting period was 28,816[11]. - The largest shareholder, Jiang Wei, holds 52.73% of the shares, with 186,014,400 shares pledged[11]. Inventory and Receivables - Accounts receivable rose by 38.87% to ¥46,305,930.00, attributed to increased sales and higher credit sales[17]. - Prepaid accounts increased by 88.27% to ¥12,062,600.00, driven by higher procurement payments during the reporting period[17]. - Accounts receivable increased from ¥333,458,603.59 to ¥463,059,258.43, representing a growth of approximately 38.76%[30]. - Inventory increased from ¥734,149,556.17 to ¥783,739,583.48, an increase of about 6.73%[30]. Expenses - Total operating costs for the current period are $261.83 million, up from $259.01 million, reflecting a 1.07% increase[42]. - Sales expenses decreased to $62.33 million from $67.33 million, a reduction of 7.43%[42]. - Management expenses decreased to $23.44 million from $24.13 million, reflecting a decrease of 2.86%[42]. - Cash paid for employee compensation was $39,375,525.98, compared to $35,538,597.92 in the previous period, reflecting an increase of approximately 10.4%[54]. - Cash paid for taxes was $41,178,353.42, significantly higher than $13,329,083.13 in the prior period, indicating an increase of about 208.5%[56].