HY Energy(SH:600387)2015-04-27 16:00Financial Performance - Operating revenue rose by 49.52% to CNY 840,937,012.09 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 88.93% to CNY 1,690,487.08 compared to the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 78.36% to CNY 2,592,127.74 compared to the same period last year[6] - Basic earnings per share decreased by 89.00% to CNY 0.0044 compared to the same period last year[6] - Weighted average return on equity decreased by 1.19 percentage points to 0.14% compared to the same period last year[6] - The net profit for Q1 2015 was CNY 26,203,769.58, up from CNY 23,803,174.88, representing an increase of 5.9% year-over-year[28] - The total profit for Q1 2015 was CNY 34,029,382.77, compared to CNY 31,354,862.91 in the previous year, reflecting a growth of 8.5%[28] - The company reported a significant increase in investment income, totaling CNY 35,476,843.38, although it decreased from CNY 39,956,187.68 year-over-year[28] Assets and Liabilities - Total assets increased by 1.25% to CNY 9,502,777,713.26 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 12.51% to CNY 1,338,172,584.75 compared to the end of the previous year[6] - Non-current assets totaled 1,775,888,525.26 RMB, an increase from 1,715,780,811.41 RMB at the beginning of the year, reflecting a growth of 3.9%[21] - Total assets amounted to 2,339,226,480.37 RMB, down from 2,397,355,695.29 RMB at the start of the year, indicating a decrease of 2.4%[22] - Current liabilities decreased to 1,034,116,499.88 RMB from 1,194,911,118.01 RMB, a reduction of 13.4%[21] - Total liabilities were reported at 1,258,813,269.29 RMB, down from 1,421,485,509.63 RMB, showing a decline of 11.5%[22] - Owner's equity increased to 1,080,413,211.08 RMB from 975,870,185.66 RMB, reflecting a growth of 10.7%[22] Cash Flow - The cash inflow from operating activities was CNY 1,145,444,887.42, an increase from CNY 1,021,441,190.18 year-over-year[31] - The net cash flow from operating activities was -92,090,923.30 RMB, compared to -22,142,588.05 RMB in the previous period, indicating a decline in operational performance[34] - Total cash inflow from operating activities was 966,914,518.43 RMB, up from 802,300,843.64 RMB, reflecting a 20.5% increase year-over-year[34] - Cash outflow for purchasing goods and services was 963,543,889.65 RMB, compared to 728,034,216.45 RMB, representing a 32.3% increase[34] - The net cash flow from investment activities was 19,103,014.68 RMB, a significant improvement from -19,245,960.28 RMB in the previous period[34] - Cash inflow from financing activities totaled 505,272,428.31 RMB, compared to 242,007,744.24 RMB, marking a 108.7% increase[35] - The net cash flow from financing activities was 41,522,330.81 RMB, slightly up from 34,340,316.04 RMB in the previous period[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,039[8] - The largest shareholder, Haikou Haiyue Economic Development Co., Ltd., held 22.11% of the shares[9] Financial Assets and Expenses - The fair value of financial assets increased by 141.56% to CNY 45,223,970.60 due to the purchase of trading financial assets during the period[10] - Financial expenses surged by 167.12% to ¥32,577,642.49 from ¥12,195,753.88, reflecting increased bank interest from production-related borrowings.[12] - The company's financial expenses decreased to CNY 7,223,454.13 from CNY 8,191,756.44, a reduction of approximately 11.8%[28] Inventory and Receivables - Accounts receivable increased by 129.07% to ¥44,108,132.64 from ¥19,255,171.71, mainly due to increased sales by the subsidiary.[11] - Prepayments surged by 404.15% to ¥177,001,357.70 from ¥35,109,178.04, attributed to higher raw material procurement prepayments by the subsidiary.[11] - Inventory decreased significantly to 12,731,397.04 RMB from 72,526,775.88 RMB, a drop of 82.4%[21]