CSN(600029)2014-04-28 16:00Financial Performance - Operating revenue rose by 10.03% to RMB 25,951 million year-on-year[10] - Net profit attributable to shareholders decreased by 636.84% to a loss of RMB 306 million compared to a profit of RMB 57 million in the same period last year[10] - Total operating revenue for Q1 2014 was RMB 25,951 million, an increase of 10.0% compared to RMB 23,586 million in the same period last year[32] - Total operating costs for Q1 2014 were RMB 26,481 million, up 11.0% from RMB 23,684 million in the previous year[32] - Basic and diluted earnings per share for Q1 2014 were both -0.031, compared to 0.006 in the same period last year[33] Cash Flow - Net cash flow from operating activities dropped by 62.57% to RMB 987 million compared to RMB 2,637 million in the previous year[10] - Cash flow from operating activities for Q1 2014 was RMB 25,826 million, compared to RMB 24,096 million in the same period last year[38] - Operating cash flow for the current period was 24,839 million, an increase from 21,459 million in the previous period, resulting in a net cash flow from operating activities of 987 million compared to 2,637 million last period[39] - Cash inflow from operating activities totaled 19,827 million, compared to 18,437 million in the previous period, indicating a growth of approximately 7.5%[42] - The company reported a net cash flow from operating activities of 587 million, down from 1,975 million in the previous period, indicating a decline of approximately 70.3%[42] Assets and Liabilities - Total assets increased by 2.01% to RMB 168,459 million compared to the end of the previous year[10] - The company's total assets as of March 31, 2014, were RMB 136,259 million, an increase from RMB 133,489 million at the beginning of the year[30] - The total liabilities of the company were RMB 126,419 million, up from RMB 122,933 million, indicating an increase of about 2.0%[26] - Total liabilities increased to RMB 109,020 million, compared to RMB 105,763 million at the start of the year, reflecting a rise of 2.4%[29] - The company's equity attributable to shareholders decreased to RMB 33,832 million from RMB 34,139 million, a decline of approximately 0.9%[26] Shareholder Information - The number of shareholders reached 247,733 at the end of the reporting period[14] - The largest shareholder, China Southern Airlines Group, holds 42.67% of the shares, totaling 4,189,043,140 shares[14] Financial Expenses - Financial expenses surged by 15,177.78% due to exchange losses from the depreciation of the RMB[19] - The company reported a significant increase in financial expenses, rising to RMB 1,375 million from RMB 9 million in the previous year[32] Investment Activities - Cash received from other investment activities plummeted by 98.61% to RMB 59 million[20] - The company issued short-term financing bonds, increasing cash received from bond issuance by 500% to RMB 3,000 million[20] - Investment activities resulted in a net cash outflow of 2,855 million, slightly improved from a net outflow of 3,005 million in the previous period[39] Current Assets - The company's current assets totaled RMB 21,015 million, up from RMB 20,571 million at the beginning of the year, reflecting a growth of approximately 2.16%[24] - Current assets totaled RMB 12,778 million, up 8.2% from RMB 11,804 million at the beginning of the year[29] - Cash and cash equivalents decreased to RMB 12,028 million from RMB 12,610 million, a decline of about 4.6%[24] - Total cash and cash equivalents at the end of the period were 11,593 million, up from 9,668 million at the end of the previous period[40] Borrowings - Long-term borrowings rose to RMB 39,152 million from RMB 37,246 million, reflecting an increase of about 5.1%[26] - The company reported a decrease in short-term borrowings to RMB 12,696 million from RMB 14,412 million, a reduction of approximately 11.9%[26] Non-Current Assets - The total non-current assets were RMB 147,444 million, an increase from RMB 144,574 million, showing a growth of about 1.9%[25] - The company’s total non-current assets were RMB 123,481 million, an increase from RMB 121,685 million at the beginning of the year[29]