HAND(SZ:300170)2014-04-23 16:00Financial Performance - Total revenue for Q1 2014 was CNY 204,799,292.17, representing a 16.14% increase compared to CNY 176,342,149.31 in the same period last year[8] - Net profit attributable to ordinary shareholders was CNY 31,302,313.54, up 24.2% from CNY 25,202,323.57 year-on-year[8] - Basic earnings per share increased by 20% to CNY 0.12 from CNY 0.10 in the same period last year[8] - The company achieved operating revenue of CNY 204,799,292.17, representing a year-on-year growth of 16.14%[19] - Net profit attributable to shareholders reached CNY 31,302,313.54, reflecting a year-on-year increase of 24.20%[19] - Operating profit for Q1 2014 was CNY 25,855,559.89, a 10.1% increase from CNY 23,493,252.74 in Q1 2013[41] - The company reported a total profit of CNY 31,384,528.80 for Q1 2014, up from CNY 27,952,097.57 in the same quarter last year[42] - Other comprehensive income for Q1 2014 was CNY 171,802.06, compared to a loss of CNY 88,061.07 in Q1 2013[42] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 73,381,375.09, a decline of 218.7% compared to negative CNY 23,025,002.13 in the previous year[8] - The net cash flow from operating activities was -¥70,043,140.80, compared to -¥24,762,419.70 in the previous period, indicating a significant decline in cash generation from operations[52] - The total cash and cash equivalents at the end of the period were ¥674,011,390.01, down from ¥790,885,220.16 at the end of the previous period[53] - The net increase in cash and cash equivalents for the period was -¥71,151,365.98, compared to an increase of ¥51,701,821.68 in the previous period[53] - Cash paid for purchasing goods and services was ¥73,017,268.55, compared to ¥45,759,036.35 in the previous period, indicating increased operational costs[51] - The cash outflow for operating activities totaled ¥216,227,567.15, compared to ¥168,039,597.81 in the previous period, highlighting rising operational expenses[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,527,162,225.59, a 3.38% increase from CNY 1,477,196,420.60 at the end of the previous year[8] - The company's total assets amounted to 1.527 billion yuan, an increase from 1.477 billion yuan at the beginning of the period, reflecting a growth of approximately 3.4%[34] - The company's total liabilities rose to approximately 145.06 million yuan from 126.20 million yuan, an increase of about 14.9%[35] - The total liabilities increased to CNY 136,897,356.79 in Q1 2014, compared to CNY 125,277,672.29 in the same period last year[39] - The company's equity attributable to shareholders increased to approximately 1.377 billion yuan from 1.342 billion yuan, reflecting a growth of about 2.6%[35] Investments and Projects - The company reported a government subsidy of CNY 5,355,000.00 during the reporting period[9] - The ERP implementation service platform project has an investment completion rate of 79.11% as of May 1, 2014[28] - The overseas ERP software outsourcing development center project has an investment completion rate of 87.33% as of May 1, 2014[28] - The application product solution project has an investment completion rate of 80.5% as of May 1, 2014[28] - The ERP operation and maintenance service center project has an investment completion rate of 74.52% as of May 1, 2014[28] - The company utilized part of the raised funds to acquire 100% equity of Shanghai Xiaer Software Co., Ltd. for 61.8733 million yuan[29] - As of March 31, 2014, the total amount of raised funds used by the company reached 76.9733 million yuan[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,917[12] - Shareholders' equity attributable to ordinary shareholders rose to CNY 1,376,633,313.43, reflecting a 2.55% increase from CNY 1,342,462,550.87[8] Risks and Challenges - The company faces risks related to macroeconomic fluctuations and rising labor costs in the ERP implementation industry[10][11]