CENTURY(SZ:300078)2015-04-24 16:00Financial Performance - Total revenue for Q1 2015 was CNY 126,817,272.95, representing a 20.79% increase compared to CNY 104,987,399.01 in the same period last year[7]. - Net profit attributable to ordinary shareholders was CNY 21,150,265.23, up 7.06% from CNY 19,755,877.29 year-on-year[7]. - Basic earnings per share increased to CNY 0.13, a rise of 7.06% compared to CNY 0.12 in the same period last year[7]. - The company achieved operating revenue of RMB 126.82 million in Q1 2015, representing a year-on-year increase of 20.79% driven primarily by increased sales of RFID products[20]. - The net profit attributable to the parent company for Q1 2015 was RMB 21.15 million, reflecting a year-on-year growth of 7.06%[23]. - Net profit for Q1 2015 reached CNY 21,123,701.89, compared to CNY 20,104,741.41 in Q1 2014, representing a growth of 5.1%[56]. - The total comprehensive income for Q1 2015 was CNY 19,620,131.50, compared to CNY 21,083,187.26 in Q1 2014, reflecting a decrease of 6.9%[57]. Cash Flow and Financial Position - Net cash flow from operating activities decreased by 86.40% to CNY 2,112,669.21 from CNY 15,539,316.53 in the previous year[7]. - The company reported a significant increase in accounts receivable, leading to a net cash flow from operating activities of RMB 2.11 million, down 86.40% compared to the previous year[20]. - Cash and cash equivalents at the end of Q1 2015 were CNY 362,400,563.91, slightly down from CNY 368,271,754.33 at the beginning of the year[51]. - Cash flow from operating activities generated a net amount of $2.11 million, down from $15.54 million in the previous period, indicating a decrease of approximately 86.4%[64]. - The total cash and cash equivalents at the end of the period were 362,400,563.91, down from 586,287,661.86 at the beginning of the period[70]. - The company reported a net decrease in cash and cash equivalents of -5,871,190.42 during the quarter[70]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,288,398,028.84, a 0.74% increase from CNY 1,278,897,958.37 at the end of the previous year[7]. - The total assets as of March 31, 2015, were RMB 1.288 billion, showing a slight increase from RMB 1.279 billion at the beginning of the year[48]. - The total current assets decreased from RMB 763.111 million to RMB 751.382 million, primarily due to changes in cash and cash equivalents[47]. - The total current liabilities decreased from RMB 110.192 million to RMB 98.590 million, indicating improved liquidity management[49]. - The total liabilities decreased to CNY 62,510,778.91 from CNY 69,995,136.36, indicating a reduction of approximately 10.6%[53]. - The company's equity attributable to shareholders increased to CNY 1,218,975,350.09 from CNY 1,199,641,765.72, marking a growth of 1.6%[53]. Market and Strategic Developments - The company is facing intensified market competition and plans to enhance brand promotion and optimize local services[10]. - The company is actively developing RFID technology applications in smart retail and other industries, although progress has been slow due to market cultivation challenges[10]. - The company is planning a major asset restructuring, with a report expected to be disclosed by April 30, 2015[12]. - The company has strengthened product innovation and process upgrades, enhancing collaboration with higher education institutions and hiring industry experts for guidance[23]. - The company experienced significant growth in sales in North America during the reporting period, indicating successful market expansion efforts[24]. Investment and Fund Management - The total amount of raised funds is 940.88 million CNY, with 26.84 million CNY invested in the current quarter[35]. - Cumulative investment of raised funds amounts to 792.28 million CNY, with no changes in usage reported[35]. - The company has excess raised funds totaling 770.13 million CNY, with various allocations approved by the board for operational enhancements[36]. - The company has invested 100% of the promised funds into projects, including 25 million CNY for working capital and 20 million CNY for RFID system production[35]. - The remaining funds for the electronic anti-theft soft label and RFID responder technology renovation project amounted to RMB 47.8932 million, impacted by the unfavorable economic environment in Europe and the US[37]. - The remaining funds for the electronic anti-theft hard label technology renovation project were RMB 38.8250 million, with a slowdown in investment due to complex economic changes[37]. Compliance and Governance - The company has committed to avoid any competition with its actual controllers and shareholders, ensuring no conflicts of interest[30]. - The company has maintained compliance with all commitments made in the public offering prospectus, with no penalties incurred[31]. - The company has not reported any significant issues regarding the use and disclosure of raised funds[37]. - The company did not conduct an audit for the first quarter report[71].