首创环保(600008) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 720.33 million, an increase of 8.42% year-on-year[10] - Net profit attributable to shareholders decreased by 27.23% to CNY 37.93 million compared to the same period last year[10] - Basic earnings per share fell by 27.23% to CNY 0.0172[10] - The company's net profit attributable to shareholders decreased by 27.23% compared to the same period last year, while the net profit excluding non-recurring gains and losses dropped by 60.58% due to increased financial costs from domestic interest rate marketization[16] - The total comprehensive income for Q1 2014 was CNY 50,177,214.46, a decrease from CNY 53,346,304.03 in the same period last year[33] - Minority shareholders' profit increased to CNY 39,324,422.32, compared to CNY 23,561,512.10 in the previous year[33] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 531.07 million, worsening by 408.80% year-on-year[10] - The net cash flow from operating activities was negative at RMB -531,066,388.80, a decrease of 408.80% compared to the previous year, mainly due to increased cash payments for goods and services[17] - The company's cash flow from operating activities showed a net outflow of CNY 531,066,388.80, worsening from a net outflow of CNY 104,377,235.09 in the previous year[40] - Operating cash inflow for Q1 2014 was CNY 829,458,487.24, a significant increase from CNY 118,354,375.61 in the previous period[41] - Net cash flow from operating activities was -CNY 247,864,104.18, worsening from -CNY 79,532,448.59 year-over-year[41] - Net cash flow from financing activities increased by 2382.84% to RMB 955,346,249.20, driven by increased cash receipts and reduced cash payments for debt repayment[17] - Net cash flow from financing activities was CNY 632,328,739.35, up from CNY 76,196,509.08 year-over-year[41] Assets and Liabilities - Total assets increased by 3.39% to CNY 25.15 billion compared to the end of the previous year[10] - Current assets rose to CNY 10.60 billion from CNY 9.71 billion, marking an increase of 9.19%[24] - Total liabilities reached CNY 15.26 billion, up from CNY 14.49 billion, indicating an increase of 5.34%[25] - Short-term borrowings increased significantly to CNY 3.27 billion from CNY 2.48 billion, a rise of 31.93%[25] - Long-term borrowings rose to CNY 4.35 billion from CNY 4.04 billion, an increase of 7.67%[25] - Shareholders' equity totaled CNY 9.89 billion, slightly up from CNY 9.84 billion, reflecting a growth of 0.47%[25] Investments and Acquisitions - The company plans to invest in multiple water projects in Beijing, including a sewage treatment plant with a capacity of 23,700 tons and a water supply project with a total capacity of 75,000 tons per day[17] - The company is pursuing acquisitions of 51% of Linyi Ganghua Water Co., Ltd. and 100% of Shandong Liangshan Haiyuan Water Co., Ltd., with ongoing auditing and evaluation processes[17] - The company has authorized the issuance of medium-term notes totaling RMB 1.2 billion to optimize its debt structure and supplement working capital[18] - The company has completed the transfer of a 27.46% stake in Qingdao Sipurun Water Treatment Co., Ltd. for RMB 43,679,400[18] - The company reported an investment income of CNY 3,400,565.84, recovering from a loss of CNY 8,715,514.98 in Q1 2013[32] Shareholder Information - The total number of shareholders reached 185,081 at the end of the reporting period[14] - Beijing Capital Group Co., Ltd. holds 59.52% of the shares, making it the largest shareholder[14] Other Financial Metrics - The weighted average return on net assets decreased by 0.29 percentage points to 0.62%[10] - Financial expenses increased by 35.69% to RMB 127,762,838.58, primarily due to the impact of subsidiaries[16] - The company reported a total of CNY 17.79 million in non-recurring gains and losses for the quarter[11] - The financial statements for the first quarter have not been audited[7] - The company has indicated potential significant changes in net profit compared to the same period last year, with a warning of possible losses[22]