SANY(SH:600031)2015-04-21 16:00Financial Performance - Total revenue for Q1 2015 was CNY 6,275,211, a decrease of 37.80% compared to CNY 10,088,222 in the same period last year[11] - Net profit attributable to shareholders was CNY 47,511, down 94.28% from CNY 831,282 in Q1 2014[6] - Operating profit for Q1 2015 was -14,782 thousand RMB, compared to a profit of 937,490 thousand RMB in Q1 2014[20] - The total comprehensive income for Q1 2015 was -436,751 thousand RMB, compared to 820,339 thousand RMB in Q1 2014[21] - The company reported a basic earnings per share of 0.0041 RMB, down from 0.11 RMB in the same quarter last year[21] Cash Flow - Operating cash flow for the period was CNY -962,196, representing a decline of 19.36% compared to CNY -806,147 in the previous year[6] - The net cash flow from operating activities was -962,196 thousand RMB, compared to -806,147 thousand RMB in the previous period, indicating a decline in operational cash flow[26] - Cash received from sales of goods and services decreased to 5,338,792 thousand RMB from 8,010,599 thousand RMB, reflecting a drop of approximately 33.2%[26] - The cash flow from operating activities showed a decrease in cash inflow to 5,500,097 thousand RMB from 8,093,071 thousand RMB, a decline of about 32.5%[26] - Cash inflow from financing activities was 6,523,285 thousand RMB, up from 2,968,049 thousand RMB, representing an increase of approximately 119%[27] - The cash flow from financing activities showed a net outflow of -1,045,796 thousand RMB, compared to a net inflow of 1,070,602 thousand RMB in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 62,180,538, a decrease of 1.32% from CNY 63,009,445 at the end of the previous year[6] - The total liabilities of the company were CNY 37,852,226 thousand, down from CNY 38,268,616 thousand, indicating a decrease of about 1.1%[15] - Total current liabilities decreased to CNY 19,482,653 thousand from CNY 20,849,625 thousand, a reduction of approximately 6.5%[15] - The company's total assets amounted to 28,778,852 thousand RMB, an increase from 28,430,788 thousand RMB in the previous year[19] - Long-term borrowings rose to 7,478,583 thousand RMB, an increase from 6,498,737 thousand RMB in Q1 2014[19] Shareholder Information - The number of shareholders at the end of the reporting period was 585,453[9] - The company's weighted average return on equity decreased to 0.13%, down 3.27 percentage points from 3.40% in the previous year[6] - The total equity attributable to shareholders of the parent company was CNY 23,361,242 thousand, down from CNY 23,785,431 thousand, a decline of approximately 1.8%[16] Inventory and Receivables - The company reported a significant decrease in accounts receivable, down 87.66% to CNY 149,877 from CNY 1,214,979 in the previous year[10] - The company reported a significant increase in inventory, which rose to CNY 7,500,140 thousand from CNY 7,269,154 thousand, an increase of about 3.2%[14] - Accounts receivable increased to CNY 22,241,201 thousand from CNY 19,851,307 thousand, reflecting a growth of about 12.1%[14] Strategic Initiatives - The company plans to enhance operational efficiency and reduce cash reserves as part of its strategy moving forward[10] - The company has committed to integrating existing engineering machinery products and businesses into the listed company, ceasing the development of new products by its controlling shareholder, SANY Group[13] - The company continues to focus on the industrialization of new engineering machinery products developed internally[13] - The company has not indicated any significant changes in net profit compared to the same period last year, suggesting stability in financial performance[13]