WHKG(SH:600168)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 0.67% to CNY 88,790,667.02 year-on-year[6] - Operating revenue decreased by 1.12% to CNY 266,517,189.04 compared to the same period last year[6] - Basic earnings per share increased by 8.33% to CNY 0.13 per share[6] - Net profit for Q1 2015 was CNY 88,335,192.19, slightly up from CNY 88,235,295.27 year-on-year[27] - The company's operating revenue for the current period is ¥41,518,547.09, an increase of 0.89% compared to ¥41,150,699.12 in the previous period[30] - Operating profit decreased to ¥1,334,829.62, down 26% from ¥1,803,608.22 in the previous period[30] - Net profit for the current period is ¥8,039,379.12, a decrease of 3.54% from ¥8,334,341.06 in the previous period[31] Cash Flow - Net cash flow from operating activities increased by 18.74% to CNY 143,439,226.52 year-on-year[6] - Cash flow from operating activities increased to ¥143,439,226.52, up 18.73% from ¥120,803,845.36 in the previous period[33] - Net cash flow from investment activities decreased by 124.57% year-on-year, primarily due to an increase in cash paid for the purchase and construction of fixed assets[12] - Cash flow from investing activities resulted in a net outflow of ¥91,368,108.82, compared to a net outflow of ¥40,686,180.11 in the previous period[34] - Net cash flow from financing activities increased by 58.76% compared to the same period last year, mainly due to a decrease in principal repayment[12] - Cash flow from financing activities showed a net outflow of ¥162,897,615.13, an improvement from a net outflow of ¥394,994,912.87 in the previous period[34] Assets and Liabilities - Total assets increased by 1.59% to CNY 7,620,083,696.07 compared to the end of the previous year[6] - Total liabilities increased to CNY 3,325,150,218.46 from CNY 3,196,181,117.19 at the beginning of the year[21] - Current assets totaled CNY 1,267,492,032.75, down from CNY 1,356,157,116.79 at the beginning of the year[19] - The company's total liabilities increased to CNY 806,023,590.79 from CNY 704,738,424.16, indicating a rise in financial obligations[25] - The total equity decreased to CNY 3,964,126,561.40 from CNY 4,054,007,799.78, reflecting changes in retained earnings[25] Expenses and Impairments - Operating tax and additional expenses decreased by 31.86% compared to the same period last year, mainly due to a reduction in value-added tax and additional charges[12] - Financial expenses decreased by 63.70% year-on-year, primarily due to a reduction in bank borrowings and corresponding interest expenses[12] - Asset impairment losses increased by 111.24% compared to the same period last year, mainly due to an increase in bad debt provisions[12] - The company experienced an increase in asset impairment losses to ¥1,458,310.64, up from ¥879,143.05 in the previous period[30] - The company’s tax expenses decreased to ¥335,450.50 from ¥509,267.16 in the previous period, indicating a reduction in tax burden[30] Other Financial Highlights - Other receivables increased by 501.84% to CNY 9,351,365.53 compared to the beginning of the year[11] - Construction in progress increased by 39.20% to CNY 964,531,289.23 compared to the beginning of the year[11] - Short-term borrowings decreased by 66.67% to CNY 25,000,000.00 compared to the beginning of the year[11] - Accounts payable increased by 38.43% to CNY 607,004,415.51 compared to the beginning of the year[11] - The company committed to distributing at least 30% of the average distributable profit from the last three years in cash dividends over the next three years, contingent on profitability and positive retained earnings[14] - The company faced a fine of CNY 200,000 due to environmental violations by its wholly-owned subsidiary, which operated without proper approval[13]