TECON(SZ:002100)2015-04-27 16:00Financial Performance - The company achieved operating revenue of CNY 877,289,527.50, representing a year-on-year increase of 14.14%[7] - Net profit attributable to shareholders was CNY 53,739,664.88, up 11.40% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 53,034,766.27, reflecting a 12.56% increase year-on-year[7] - The basic earnings per share were CNY 0.12, an increase of 9.09% compared to the same period last year[7] - The weighted average return on net assets was 2.86%, slightly up from 2.81% in the previous year[7] - The company reported a net profit increase in retained earnings from CNY 523,031,759.49 to CNY 576,771,424.37[33] - The total comprehensive income for Q1 2015 was CNY 52,082,927.11, compared to CNY 47,021,434.70 in the previous year, reflecting a positive trend in overall profitability[44] Cash Flow - The net cash flow from operating activities was negative at CNY -100,807,331.43, a decline of 337.59% compared to the previous year[7] - Net cash flow from operating activities decreased by 337.59% year-on-year, attributed to higher cash payments for raw material purchases and increased accounts receivable[16] - Cash inflow from operating activities was CNY 749,079,766.49, slightly higher than CNY 731,405,449.66 in the previous period, indicating stable cash generation[46] - The net cash flow from operating activities was -126,906,876.25 CNY, a significant decline compared to 14,542,686.38 CNY in the previous period[49] - Total cash outflow from operating activities amounted to 179,354,564.66 CNY, compared to 215,451,056.61 CNY in the previous period, indicating a decrease of approximately 16.74%[49] - Cash and cash equivalents at the end of the period were 156,215,168.71 CNY, up from 91,566,182.33 CNY in the previous period, representing an increase of approximately 70.66%[52] - The company paid 104,562,048.71 CNY in other operating expenses, a significant increase from 17,113,790.84 CNY in the previous period, indicating a rise of approximately 512.56%[49] - The cash flow from sales of goods and services was 52,447,688.41 CNY, a decrease from 229,993,742.99 CNY in the previous period, reflecting a decline of approximately 77.16%[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,093,249,307.45, an increase of 2.73% from the end of the previous year[7] - The net assets attributable to shareholders reached CNY 1,903,889,502.98, up 2.90% from the previous year[7] - The total liabilities rose to CNY 1,171,098,234.14 from CNY 1,141,032,278.15[32] - The total owner's equity increased to CNY 1,922,151,073.31 from CNY 1,870,068,146.20[33] - Long-term equity investments decreased from CNY 148,824,234.49 to CNY 139,421,230.84[31] Investment and Expenses - The company reported a decrease in investment income of CNY 7,647,800, a decline of 435.73% year-on-year due to poor performance in its pig farming business[15] - Income tax expenses increased by CNY 2,455,500, a year-on-year growth of 49.61% due to higher taxable profits[15] - The company incurred 20,589,821.45 CNY in tax payments, which is an increase from 13,211,300.57 CNY in the previous period, representing a rise of approximately 55.00%[49] - The company reported a decrease in financial expenses to CNY 5,490,921.01 from CNY 6,197,166.08, suggesting improved financial management[39] - Investment losses were reported at CNY -9,403,003.65, compared to CNY -1,755,175.83 in the previous period, highlighting challenges in investment performance[39] - The company experienced a significant reduction in asset impairment losses, down to CNY 9,318,228.84 from CNY 30,978.55, indicating better asset management[39] Future Outlook and Strategic Moves - The company expects net profit attributable to shareholders for the first half of 2015 to be between 65.85 million and 98.77 million yuan, reflecting a change of -20.00% to 20.00% compared to the same period in 2014[24] - The company completed the acquisition of Tian Kang Group, which will be included in the financial results for the first half of 2015[24] - The company is currently processing asset delivery and share issuance related matters following the approval of its major asset restructuring by the China Securities Regulatory Commission[19] - The management plans to focus on market expansion and new product development to drive future growth[40]