航天动力(600343) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 239,091,415.10, a decrease of 1.52% year-on-year[10] - Net profit attributable to shareholders increased by 3.48% to CNY 6,390,878.43 compared to the same period last year[10] - The company reported a decrease in non-recurring gains and losses, with a net profit of CNY 4,428,256.97, down 22.60% year-on-year[10] - Net profit for Q1 2014 reached CNY 7,014,143.99, an increase of 5.0% from CNY 6,677,130.68 in Q1 2013[30] - Net profit for the current period was ¥6,125,058.96, slightly up from ¥6,065,498.24 in the previous period, indicating a growth of about 0.98%[32] - The total profit for the current period was ¥7,205,951.72, slightly higher than ¥7,189,235.16 in the previous period, reflecting a growth of about 0.23%[32] Cash Flow - Net cash flow from operating activities was negative at CNY -126,220,269.77, an improvement from CNY -145,614,562.94 in the previous year[10] - Cash received from sales of goods and services rose by 48.86% to 159.92 million, indicating improved cash collection[17] - The net cash flow from operating activities was -¥126,220,269.77, an improvement compared to -¥145,614,562.94 in the previous period[35] - The company’s cash flow from financing activities was -¥54,265,801.77, a significant decrease compared to ¥941,453,291.36 in the previous period[36] Assets and Liabilities - Total assets decreased by 1.97% to CNY 3,715,242,146.42 compared to the end of the previous year[10] - Total current assets decreased from 2,675.04 million to 2,618.88 million, a reduction of 2.09%[21] - Total liabilities decreased from 3,789.81 million to 3,715.24 million, indicating a reduction of 1.96%[22] - Total assets as of March 31, 2014, amounted to CNY 2,475,654,770.85, compared to CNY 2,461,006,510.15 at the beginning of the year[27] - Total liabilities as of March 31, 2014, were CNY 412,191,530.45, an increase from CNY 403,805,035.72 at the start of the year[27] Shareholder Information - The total number of shareholders was 29,583, with the top ten shareholders holding significant stakes[12] Financial Ratios - The weighted average return on equity decreased by 0.2494 percentage points to 0.2927%[10] - Basic and diluted earnings per share decreased by 22.48% to CNY 0.0200[10] - Earnings per share for Q1 2014 were CNY 0.0200, down from CNY 0.0258 in the previous year[31] Operating Costs and Expenses - Total operating costs for Q1 2014 were CNY 234,663,407.98, slightly down from CNY 234,806,566.22 year-on-year[30] - The company reported a total operating expenses of ¥81,837,725.41, which is an increase from ¥77,129,000.71 in the previous period, representing a rise of about 6.1%[32] - Financial expenses decreased by 56.01% to 231.93 million, attributed to increased interest income[16] - The company incurred financial expenses of ¥439,137.44, significantly reduced from ¥3,124,652.67 in the previous period, showing a decrease of approximately 86.0%[32] Inventory and Receivables - Prepayments increased by 46.19% to CNY 82,751,900.00 due to higher payments for product materials and equipment[15] - Accounts receivable increased by 37.49% to CNY 238,379,300.00, indicating slower cash collection compared to sales[15] - Inventory increased to CNY 258,847,803.66 from CNY 236,778,617.41 year-on-year, reflecting a growth of 9.3%[26] Non-Operating Income - Operating income from non-operating activities increased by 189.82% to 404.87 million, primarily from higher government subsidies[16] - The company reported a total of CNY 4,048,681.93 in non-operating income for Q1 2014, significantly higher than CNY 1,396,966.66 in the same period last year[30] Commitment to Shareholders - The company has committed to avoiding competition with its major shareholder, ensuring no direct or indirect competitive activities[18]