CSN(600029)2015-04-22 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached RMB 1,903 million, an increase of 721.90% year-on-year[8]. - Operating revenue for the period was RMB 27,718 million, reflecting a growth of 6.81% compared to the same period last year[8]. - The net cash flow from operating activities was RMB 5,441 million, a significant increase of 451.27% year-on-year[8]. - Earnings per share (basic) were RMB 0.19, up 733.33% from RMB -0.03 in the same period last year[8]. - Operating profit reached RMB 2,526 million, a remarkable increase of 622.98% due to robust market demand and lower fuel prices[17]. - The company reported a significant increase in tax expenses, which rose by 793.33% to RMB 624 million, attributed to higher profits[17]. - Net profit for the quarter was 2,214 million RMB, compared to a net loss of 171 million RMB in Q1 2014, marking a substantial improvement[32]. - The total equity attributable to shareholders increased to 30,225 million RMB from 28,729 million RMB, an increase of 5.2%[30]. Asset and Liability Overview - Total assets at the end of the reporting period were RMB 188,333 million, a decrease of 0.72% compared to the end of the previous year[8]. - Total current assets at the end of the reporting period were 24,048 million RMB, down from 27,840 million RMB at the beginning of the year[24]. - Total non-current assets increased to 164,285 million RMB from 161,857 million RMB at the beginning of the year[25]. - Current liabilities decreased to 50,588 million RMB from 54,086 million RMB at the beginning of the year[25]. - Long-term borrowings stood at 29,569 million RMB, down from 30,844 million RMB, indicating a decrease of 4.1%[30]. Cash Flow Analysis - Cash received from minority shareholders' investments in subsidiaries was 1,120 million RMB, a 100% increase, attributed to investments made by minority shareholders in Henan subsidiaries[18]. - Cash received from borrowings decreased by 37.41% to 4,120 million RMB, primarily due to a reduction in new borrowings during the current reporting period[18]. - Cash paid for dividends and interest increased by 54.42% to 769 million RMB, mainly due to an increase in borrowing balance and related interest expenses[18]. - Cash and cash equivalents decreased to 8,142 million RMB from 10,755 million RMB, a decline of 24.4%[28]. - The company reported a cash outflow from investing activities of CNY 3,888 million, compared to CNY 2,855 million in the previous year[37]. - Financing activities resulted in a net cash outflow of CNY 4,944 million, a decrease from a net inflow of CNY 1,265 million in the same period last year[38]. - The net increase in cash and cash equivalents was -2,616 million, a decrease from 231 million in the previous year[39]. Investment and Market Performance - Investment income surged by 346.81% to RMB 210 million, driven by strong demand in the aviation market[16]. - Fixed assets, intangible assets, and other long-term assets purchased and constructed totaled 3,982 million RMB, reflecting a 32.78% increase year-on-year, mainly due to the purchase of aircraft[18]. - Total operating revenue for Q1 2015 was 27,718 million RMB, an increase of 6.8% compared to 25,951 million RMB in the same period last year[31]. - The company's total assets as of March 31, 2015, were 144,595 million RMB, down from 148,198 million RMB at the beginning of the year[29].