CCYD(SH:600148)2015-04-28 16:00Financial Performance - Operating revenue decreased by 24.11% to CNY 127,372,235.42 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 30.31% to CNY 5,250,765.71 compared to the same period last year[6] - Basic earnings per share decreased by 30.19% to CNY 0.037 compared to the same period last year[6] - Total operating revenue for Q1 2015 was CNY 127,372,235.42, a decrease of 24.1% compared to CNY 167,844,548.34 in the same period last year[23] - Net profit for Q1 2015 was CNY 7,979,208.13, a decline of 37.5% compared to CNY 12,721,454.38 in Q1 2014[24] - The net profit attributable to shareholders of the parent company was CNY 5,250,765.71, down 30.2% from CNY 7,534,217.80 in the previous year[24] - The total comprehensive income for the first quarter of 2015 was CNY 1,923,434.55, compared to CNY 2,405,469.65 in the previous year, indicating a decrease of approximately 19.9%[28] Cash Flow - Cash flow from operating activities decreased significantly by 80.03% to CNY 8,606,534.77 compared to the same period last year[6] - Net cash flow from operating activities decreased by CNY 34,500,288.25, a reduction of 80.03%, due to settlements made via bank acceptance bills[13] - The net cash flow from operating activities for the first quarter was CNY 8,606,534.77, down 80% from CNY 43,106,823.02 in the same period last year[31] - Cash inflow from sales of goods and services was CNY 129,623,362.49, a decrease of 8.5% compared to CNY 141,512,729.88 in the previous year[30] - The cash outflow for purchasing goods and services was CNY 80,955,048.81, which increased by 25.2% from CNY 64,709,354.04 in the previous year[31] - The company reported a net cash outflow from financing activities of -CNY 822,192.88, compared to -CNY 12,745,778.22 in the previous year[32] - The cash inflow from other operating activities was CNY 1,102,044.91, an increase of 92.5% from CNY 572,355.89 in the previous year[31] Assets and Liabilities - Total assets increased by 2.29% to CNY 902,905,392.93 compared to the end of the previous year[6] - Total liabilities as of March 31, 2015, were CNY 463,667,262.26, compared to CNY 452,060,543.91 at the beginning of the year[17] - Total equity as of March 31, 2015, was CNY 439,238,130.67, compared to CNY 430,601,569.88 at the beginning of the year[17] - Total assets as of the end of Q1 2015 were CNY 635,023,695.06, slightly down from CNY 636,499,525.57 at the end of the previous quarter[21] - Total liabilities decreased to CNY 319,446,328.56 from CNY 323,199,134.06 in the previous quarter[21] - Current liabilities totaled CNY 270,049,824.00, a decrease from CNY 273,448,945.32 in the previous quarter[21] Shareholder Information - The total number of shareholders reached 17,002 at the end of the reporting period[11] - The largest shareholder, Jilin Dongguang Group Co., Ltd., holds 37.01% of the shares[11] - The second largest shareholder, China FAW Group Corporation, holds 23.51% of the shares[11] Other Financial Metrics - The weighted average return on net assets decreased by 0.79 percentage points to 1.41%[6] - Non-recurring gains and losses amounted to CNY 987,762.18 for the reporting period[8] - Prepaid accounts increased by CNY 9,298,299.74, a growth of 54.50%, mainly due to an increase in equipment payments[12] - Other receivables increased by CNY 2,828,760.52, a growth of 42.91%, primarily due to unbilled social insurance fees[12] - Other current assets decreased by CNY 1,190,395.14, a reduction of 75.00%, mainly due to the amortization of heating expenses[12] - Construction in progress increased by CNY 1,789,296.00, a growth of 115.69%, due to the purchase of equipment that has not yet been installed[13] - Tax payable decreased by CNY 5,027,502.35, a reduction of 40.35%, mainly due to a decrease in the balance of payable VAT[13] - The company reported a significant reduction in asset impairment losses, which were CNY 0.00 in Q1 2015 compared to CNY 7,094,102.42 in Q1 2014[24] Future Outlook - The company’s cash flow from operating activities remains a focus for future growth and stability[24] - The company plans to continue focusing on operational efficiency and cost management to improve cash flow in future quarters[28]