wanhua(SH:600309)2015-04-09 16:00Financial Performance - Operating revenue decreased by 11.70% to CNY 4.54 billion year-on-year[6] - Net profit attributable to shareholders decreased by 42.46% to CNY 406.16 million compared to the same period last year[6] - Basic earnings per share decreased by 37.14% to CNY 0.22[6] - The company reported a net profit of CNY 470.87 million attributable to shareholders, down 37.43% year-on-year[6] - Total operating revenue for Q1 2015 was ¥4,535,504,042.14, a decrease of 11.7% compared to ¥5,136,453,372.23 in the same period last year[27] - Net profit for Q1 2015 was ¥633,665,252.81, a decline of 31.5% compared to ¥924,092,102.54 in Q1 2014[28] - The company's operating revenue for Q1 2015 was ¥1,814,536,224.26, a decrease of approximately 23% compared to ¥2,354,654,237.02 in the same period last year[32] - The total comprehensive income attributable to the parent company was ¥464,902,851.18, compared to ¥754,221,575.94 in the prior year, indicating a significant decline[32] Cash Flow - Cash flow from operating activities decreased by 28.52% to CNY 744.39 million year-on-year[6] - Net cash flow from operating activities decreased by CNY 297.05 million, a decline of 28.52%, mainly due to a decrease in net profit compared to the previous year[15] - Cash flow from operating activities for Q1 2015 was ¥744,388,968.48, down from ¥1,041,438,665.50 in Q1 2014, reflecting a decrease of approximately 29%[35] - The net cash flow from operating activities was ¥853,930,478.07, a decrease of 15.6% compared to ¥1,011,770,184.49 in the previous period[38] - Cash inflow from operating activities totaled ¥2,845,175,702.90, down 22.9% from ¥3,690,181,786.66 in the prior period[38] Assets and Liabilities - Total assets increased by 4.99% to CNY 43.67 billion compared to the end of the previous year[6] - Current liabilities totaled CNY 13.80 billion, an increase from CNY 13.23 billion at the beginning of the year[20] - The total assets as of March 31, 2015, amounted to ¥27,155,691,489.42, an increase from ¥25,810,128,700.75 at the beginning of the year[25] - Total liabilities as of March 31, 2015, were ¥21,673,471,385.60, up from ¥20,608,060,491.68 at the start of the year[25] - The company's long-term borrowings increased to ¥10,673,639,467.10 from ¥10,062,972,406.14, reflecting a rise of 6.1%[25] Shareholder Information - The number of shareholders reached 78,549 at the end of the reporting period[11] - The largest shareholder, Wanhua Industrial Group Co., Ltd., holds 50.50% of the shares, with 475 million shares pledged[11] Expenses - Sales expenses increased by CNY 41.48 million, a growth of 34.63%, mainly due to increased overseas market expansion and higher export logistics costs[14] - Management expenses increased by CNY 89.42 million, a growth of 42.32%, primarily due to increased bonuses and R&D expenses compared to the previous year[14] - The company incurred financial expenses of ¥57,616,068.46 in Q1 2015, which is a significant increase compared to ¥15,737,517.45 in the same period last year[32] Other Financial Metrics - Non-recurring gains and losses totaled CNY 64.71 million for the reporting period[9] - The weighted average return on net assets decreased by 3.13 percentage points to 4.35%[6] - Investment income decreased by CNY 3.21 million, a decline of 158.88%, mainly due to the absence of dividends from investments received in the previous year[15] - Financial assets measured at fair value increased by CNY 64.54 million, a growth of 853.55%, mainly due to the increase in the fair value of RMB and Euro swap contracts[13] - Prepayments increased by CNY 130.77 million, a growth of 37.59%, attributed to the increase in advance payments for raw material procurement[13] - Long-term prepaid expenses increased by CNY 18.45 million, a growth of 55.31%, due to the purchase of catalysts[13] - Employee compensation payable decreased by CNY 118.38 million, a decline of 52.52%, primarily due to the distribution of last year's accrued employee bonuses[13]