Feiliks(300240)2014-04-15 16:00Financial Performance - Total revenue for Q1 2014 was CNY 681,400,510.01, representing a 49.5% increase compared to CNY 455,779,496.94 in the same period last year[7]. - Net profit attributable to ordinary shareholders decreased by 37.5% to CNY 6,818,480.02 from CNY 10,908,956.02 year-on-year[7]. - Basic and diluted earnings per share both decreased by 42.86% to CNY 0.04 from CNY 0.07 year-on-year[7]. - Total profit was 16,629,975.33 yuan, a decrease of 9.76% year-on-year, while net profit was 11,382,669.27 yuan, down 15.17% year-on-year[24]. - The company reported a decrease in cash and cash equivalents by CNY 29,650,427.35 during the quarter[63]. Cash Flow - Net cash flow from operating activities improved by 62.59%, reaching CNY -9,989,692.54 compared to CNY -21,441,305.51 in the previous year[7]. - The cash flow from operating activities showed a net outflow of CNY -9,989,692.54, an improvement from CNY -21,441,305.51 in the previous year[59]. - The net cash flow from operating activities was CNY 17,687,252.88, a decrease of 51.6% compared to CNY 36,561,439.31 in the same period last year[63]. - The total cash outflow from operating activities amounted to CNY 193,251,248.61, an increase of 29.5% from CNY 148,995,830.49 year-on-year[63]. Assets and Liabilities - Total assets increased by 1.49% to CNY 1,513,850,789.84 from CNY 1,491,691,693.52 at the end of the previous year[7]. - Total liabilities increased to CNY 344.03 million, compared to CNY 330.95 million in the same period last year[46]. - Current assets totaled CNY 490.76 million, an increase from CNY 473.16 million year-over-year[49]. Investment and Projects - The total amount of raised funds is CNY 47,910.63 million, with CNY 1,054.69 million invested in the current quarter[34]. - The investment progress for the Kunshan Comprehensive Bonded Zone Logistics Park Project is 83.36%, with CNY 12,173.5 million invested out of CNY 14,603.5 million committed[34]. - The company has not reported any significant changes in the progress of investment projects or major changes in the expected benefits[34]. Business Strategy and Risks - The company plans to expand into non-bonded logistics business to mitigate policy risks associated with bonded warehouse regulations[9]. - The company aims to enhance management efficiency and internal controls to address risks from increasing branch networks[10]. - The company faces risks from the ongoing decline in the IT manufacturing industry and decreasing business volume from major clients like Acer and Asus[25][26]. - The company intends to shift marketing focus from brand manufacturers to ODM manufacturers and diversify into other industries such as telecommunications and automotive parts[26]. Shareholder Information - The total number of shareholders at the end of the reporting period was 7,318[12]. - The company reported a cash dividend of RMB 1.00 per 10 shares, totaling RMB 16.752 million distributed to shareholders[37]. - The company’s total share capital will decrease from 16,752 million shares to 16,247.1 million shares following the termination of the restricted stock incentive plan[38].