Haisco(SZ:002653)2014-04-21 16:00Revenue and Profit - Revenue for Q1 2014 was CNY 223,424,540.12, an increase of 21.12% compared to CNY 184,457,938.61 in the same period last year[8]. - Net profit attributable to shareholders was CNY 81,269,286.17, a slight increase of 0.4% from CNY 80,941,836.86 year-on-year[8]. - Net profit excluding non-recurring items was CNY 68,181,607.99, up 5.89% from CNY 64,386,308.03 in the previous year[8]. - Basic earnings per share increased to CNY 0.08, a rise of 14.29% from CNY 0.07[8]. - The net profit attributable to shareholders for the first half of 2014 is expected to range from ¥22,707.69 million to ¥29,520 million, representing a growth of 0% to 30% compared to the same period in 2013[26]. - The net profit for the first half of 2013 was ¥22,707.69 million, indicating a positive performance outlook for 2014[26]. - The increase in performance is attributed to stable growth in the company's main business and improved internal management[26]. Cash Flow and Investments - Operating cash flow for the period was CNY 45,912,320.05, down 19.79% from CNY 57,241,438.65 in the same period last year[8]. - Cash received from investment recoveries in Q1 2014 was 330,000,000 CNY, an increase of 90.67 times year-over-year, mainly due to the recovery of principal from financial product investments[18]. - Cash received from other investment-related activities in Q1 2014 was 225,441,478.19 CNY, an increase of 44.97% year-over-year, primarily from the maturity of bank deposits[18]. - Investment income for Q1 2014 was 12,255,637.90 CNY, an increase of 22.12 times year-over-year, mainly due to growth in financial product returns[17]. Operating Costs and Expenses - Operating costs for Q1 2014 were CNY 69,680,567.98, an increase of 43.07% compared to the same period last year, attributed to increased sales and changes in sales structure[16]. - Financial expenses for Q1 2014 amounted to -5,562,130.80 CNY, a decrease of 33.80% compared to the same period last year, primarily due to reduced interest from bank deposits and increased loan interest[17]. - Income tax expenses for Q1 2014 were 8,931,786.38 CNY, an increase of 54.84% compared to the same period last year, due to higher deferred tax asset increments[17]. - Cash paid for purchasing goods and services in Q1 2014 was 94,341,283.40 CNY, an increase of 40.35% compared to the same period last year, attributed to increased procurement payments[18]. - Cash paid for debt repayment in Q1 2014 was 150,000,000 CNY, an increase of 100% year-over-year, due to repayment of financial institution loans[19]. - Cash paid to employees in Q1 2014 was 41,881,877.21 CNY, an increase of 39.70% year-over-year, primarily due to an increase in staff and salary policy adjustments[18]. Assets and Liabilities - Total assets at the end of the period were CNY 2,361,638,479.10, a decrease of 3.89% from CNY 2,457,188,461.98 at the end of the previous year[8]. - Net assets attributable to shareholders increased to CNY 2,008,214,863.20, up 4.22% from CNY 1,926,945,577.03[8]. - Short-term borrowings decreased by 56.46% to CNY 100,000,000, primarily due to repayment of bank loans[16]. - Cash paid for fixed assets and other long-term assets in Q1 2014 was 64,425,794.76 CNY, an increase of 131% year-over-year, due to increased payments for engineering and equipment[18]. - Prepayments increased by 29.11% to CNY 100,138,394.49, mainly due to increased payments to production partners[16]. Operating Income - Operating income for Q1 2014 was 2,128,199.42 CNY, a decrease of 86.80% year-over-year, primarily due to a delay in government subsidies[17].