HPEC(SH:600312)2015-04-16 16:00Financial Performance - Operating revenue for the period was CNY 653,613,668.06, representing a 4.60% increase year-on-year[6] - Net profit attributable to shareholders decreased by 80.13% to CNY 14,797,991.35 compared to the same period last year[6] - Basic earnings per share dropped by 74.73% to CNY 0.0184[7] - The company reported non-recurring gains of CNY 6,167,679.78 during the period[9] - Total profit decreased by 64.96% to ¥30,473,344.50 from ¥86,971,652.00, primarily due to fewer revenues recognized from contracts not yet delivered[15] - Net profit for Q1 2015 was CNY 25,718,054.56, a significant decrease of 65.7% from CNY 75,043,693.14 in the previous year[31] - The company reported a total profit of CNY 30,473,344.50 for Q1 2015, down from CNY 86,971,652.00 in the previous year, reflecting a decline of 65.0%[31] - Earnings per share (EPS) for Q1 2015 was CNY 0.0184, down from CNY 0.0728 in the same quarter last year, representing a decline of 74.8%[32] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -251,136,398.41, a significant decline from CNY 4,414,884.79 in the previous year[6] - Cash received from operating activities decreased by 53.78% to ¥12,743,393.58 from ¥27,570,050.67, as last period included the recovery of debts from Pinggao Group[15] - Cash flow from operating activities for Q1 2015 was CNY 812,401,220.99, an increase of 5.5% compared to CNY 769,902,243.46 in the same period last year[38] - The cash flow from operating activities totaled 686,583,382.12 RMB, down from 786,773,857.45 RMB in the previous period, showing a decline in revenue generation[42] - The cash and cash equivalents decreased to CNY 495,599,371.50 from CNY 557,990,154.81, a decline of approximately 11.16%[23][24] - The cash and cash equivalents at the end of the period amounted to 290,630,155.32 RMB, a decrease from 1,087,267,739.95 RMB in the previous period[43] Assets and Liabilities - Total assets increased by 3.01% to CNY 10,210,225,888.18 compared to the end of the previous year[6] - The company's total liabilities reached CNY 4,095,618,947.61, compared to CNY 3,822,652,455.71 at the beginning of the year, which is an increase of about 7.13%[25] - Total liabilities as of the end of Q1 2015 were CNY 3,609,826,144.65, compared to CNY 3,358,800,716.38 at the end of the previous year, indicating an increase of 7.4%[29] - The company's current assets totaled CNY 6,787,925,071.90, up from CNY 6,499,810,364.86, indicating an increase of about 4.43%[23][25] - The inventory level rose to CNY 1,639,722,319.42 from CNY 1,308,872,821.00, reflecting a significant increase of approximately 25.24%[23][24] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,079[11] - The largest shareholder, Pinggao Group Co., Ltd., held 522,518,944 shares, accounting for 45.94% of total shares[11] Expenses - Sales expenses increased by 55.88% to ¥37,466,460.52 from ¥24,034,785.18, following the consolidation of Pingzhi Company[15] - Management expenses rose by 30.79% to ¥68,488,765.24 from ¥52,365,778.34, also due to the inclusion of Pingzhi Company[15] - Cash paid for purchasing goods and services increased by 46.17% to ¥751,970,903.44 from ¥514,442,665.19, due to the consolidation of Pingzhi Company[15] - Cash paid to employees increased by 68.60% to ¥120,454,637.36 from ¥71,444,612.95, reflecting the addition of personnel from Pingzhi Company[15] - The company’s financial expenses decreased to CNY 11,728,987.43 in Q1 2015 from CNY 13,765,031.56, a reduction of 14.8% year-over-year[31] Investment Activities - The company reported a significant decrease in investment income, dropping to ¥0.00 from ¥9,756,897.94, as the previously joint venture was fully consolidated[15] - Cash outflow for investing activities totaled 28,686,794.02 RMB, significantly lower than 157,461,922.74 RMB in the previous period, indicating reduced investment expenditures[43] Market Strategy - The company is focusing on expanding its market presence and developing new technologies, although specific details were not disclosed in the report[22]