Sifang's first-quarter profit increased by -18.8% year-on-year

**Abstract** On April 25, 2013, Sifangda released its first-quarter financial results. The company reported a revenue of 29.2961 million yuan, reflecting a year-on-year growth of 3.84%. However, the net profit attributable to shareholders dropped significantly to 7,320,400 yuan, representing a decline of 18.8% compared to the same period in the previous year. The basic earnings per share stood at 0.0600 yuan, while the cash flow per share was 0.040 yuan. The book value per share reached 5.6805 yuan, and the return on net assets was 1.08%. Despite the positive growth in revenue, the sharp drop in net profit raised concerns among investors about the company's profitability and operational efficiency during the quarter. Analysts suggested that the decline could be attributed to rising costs or lower-than-expected sales in key business segments. The report also highlighted the company’s strong cash flow position, which may indicate some level of financial stability. Investors are closely watching how the company will manage its expenses and improve its performance in the coming quarters. With the release of this quarterly report, Sifangda is expected to provide further insights into its strategic direction and long-term goals during its upcoming investor briefing.

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