ERDOS(SH:600295)2015-04-29 16:00Financial Performance - Operating revenue for the period was CNY 3,472,270,916.56, representing a 7.84% increase year-on-year[8] - Net profit attributable to shareholders decreased by 15.94% to CNY 106,063,823.34 compared to the same period last year[8] - Basic earnings per share decreased by 16.67% to CNY 0.10[8] - The company reported a gross profit margin of approximately 31.5% for Q1 2015, compared to 34.0% in Q1 2014[28] - Operating profit for the quarter was CNY 213,368,965.03, a decrease of 15.2% from CNY 251,801,902.50 in the previous year[29] - Net profit for Q1 2015 was a loss of CNY 143.76 million, compared to a loss of CNY 71.35 million in Q1 2014, representing a 101.5% increase in losses year-over-year[32] - Total comprehensive income for Q1 2015 was a loss of CNY 143.43 million, compared to a loss of CNY 70.57 million in the previous year[32] - Basic and diluted earnings per share for Q1 2015 were both CNY -0.14, worsening from CNY -0.07 in Q1 2014[32] Cash Flow - The net cash flow from operating activities was negative at CNY -78,847,107.94, a decline of 130.54% compared to the previous year[8] - Cash flow from operating activities was negative CNY 78,847,107.94, a decrease of 130.54% year-on-year, mainly due to an increase of CNY 89.2 million in bank acceptance bills received but not discounted[17] - Cash inflow from operating activities totaled CNY 3.21 billion in Q1 2015, a decrease from CNY 3.36 billion in the same period last year[35] - Cash outflow from investing activities in Q1 2015 was CNY 290.06 million, significantly lower than CNY 1.20 billion in Q1 2014[35] - Cash inflow from financing activities in Q1 2015 was CNY 3.77 billion, compared to CNY 4.83 billion in Q1 2014[36] - The net cash flow from investing activities was -$265,924,583.90, compared to -$396,406,534.59 in the previous period[38] - The net cash flow from financing activities was $326,497,112.46, an increase from $231,842,336.13 in the prior period[38] - The company received $960,000,000.00 in cash from borrowings during the period[38] - Cash paid for debt repayment was $680,000,000.00, significantly higher than $120,000,000.00 in the previous period[38] - The net increase in cash and cash equivalents for the period was $350,945,730.59, compared to $1,196,990.14 in the previous period[38] Assets and Liabilities - Total assets increased by 2.65% to CNY 45,134,772,149.32 compared to the end of the previous year[8] - Accounts receivable increased by 31.64% to CNY 1,972,771,225.09 due to increased credit sales during the period[14] - Prepaid accounts increased by 30.56% to CNY 483,263,885.70, primarily due to higher advance payments for raw material purchases[14] - Total liabilities increased to CNY 11,039,501,497.66 from CNY 10,641,658,768.69, indicating a rise of 3.7%[27] - Long-term borrowings rose to CNY 1,005,545,000.00 from CNY 565,545,000.00, reflecting an increase of 77.8%[27] - Current assets totaled CNY 4,445,375,887.40, up from CNY 4,211,629,597.51 at the start of the year, reflecting a growth of 5.5%[26] Shareholder Information - The number of shareholders reached 70,234 by the end of the reporting period[12] - The largest shareholder, Inner Mongolia Erdos Cashmere Group, holds 40.7% of the shares and has pledged all of its holdings[12] Investment and Expenses - Investment income for the current period was CNY 13,902,947.25, a decrease of 71.61% compared to the previous period due to reduced long-term equity investment income accounted for using the equity method[16] - Non-operating expenses for the current period amounted to CNY 4,870,167.79, an increase of 140.74% compared to the previous period, primarily due to increased fixed asset losses[16] - The company reported a significant increase in management expenses, rising to CNY 54.77 million in Q1 2015 from CNY 39.43 million in Q1 2014, an increase of 38.8%[31]