PJRC(SH:600395)2015-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 83.36% to CNY 16,755,897.92 from CNY 100,691,093.68 year-on-year[7] - Operating revenue decreased by 17.44% to CNY 1,049,307,929.38 compared to CNY 1,270,896,028.36 in the same period last year[7] - Operating profit decreased by 81.21% to ¥23,035,183.34 attributed to falling coal prices[11] - Total profit for Q1 2015 was CNY 22,826,760.45, down 81.4% from CNY 122,534,053.19 in the same period last year[30] - Net profit for Q1 2015 was CNY 16,754,781.36, down 83.4% from CNY 100,689,983.31 in Q1 2014[30] - The company reported a net profit margin of approximately 3.8% for Q1 2015, compared to 0.5% in Q1 2014[28] Revenue and Costs - Total operating revenue for Q1 2015 was CNY 1,049,307,929.38, a decrease of 17.3% compared to CNY 1,270,896,028.36 in the same period last year[28] - Total operating costs for Q1 2015 were CNY 1,009,980,261.52, down 10.3% from CNY 1,126,229,466.00 in Q1 2014[28] - Cash received from sales of goods and services was CNY 1,281,347,050.79, slightly lower than CNY 1,333,079,741.35 in the same quarter last year[39] Assets and Liabilities - Total assets decreased by 1.38% to CNY 10,785,162,469.12 compared to the end of the previous year[7] - The company's current liabilities decreased to ¥2,769,789,386.30 from ¥3,007,665,985.61, a decrease of about 7.9%[21] - The total assets of the company decreased to ¥10,785,162,469.12 from ¥10,935,602,459.77, reflecting a reduction of approximately 1.4%[21] - Total liabilities decreased to CNY 3,959,152,341.49 from CNY 4,126,755,322.03, a decrease of 4.1%[27] Cash Flow - Net cash flow from operating activities increased by 82.11% to CNY 267,592,603.79 compared to CNY 146,937,993.35 in the previous year[7] - Cash flow from financing activities resulted in a net outflow of CNY -4,104,184.92, a decrease from a net inflow of CNY 25,998,199.19 in Q1 2014[39] - The ending cash and cash equivalents balance for Q1 2015 was CNY 745,396,298.50, up from CNY 700,266,263.56 at the end of Q1 2014[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 59,406[9] - Guizhou Panjiang Investment Holding (Group) Co., Ltd. held 58.67% of the shares, making it the largest shareholder[9] Expenses - Sales expenses surged by 155.51% to ¥41,063,300.82 due to the absence of freight settlements in the previous year[11] - Financial expenses increased by 273.07% to ¥19,447,702.28 mainly from higher borrowing interest[11] - Management expenses decreased to CNY 168,349,741.98 in Q1 2015 from CNY 203,753,448.64 in Q1 2014, a reduction of 17.4%[32] Investments - The company received government subsidies amounting to CNY 40,000 related to agricultural technology funding[7] - The company reported a total non-operating income of CNY 864,347.62 after accounting for various gains and losses[7] - Cash received from investment decreased by 83.33% to ¥10,000,000.00 due to lower recovery of entrusted loan principal[11] Future Outlook - The company forecasts a significant decline in cumulative net profit compared to the same period last year due to a substantial drop in coal sales prices[15] - The company plans to focus on cost control and efficiency improvements in the upcoming quarters to enhance profitability[28] - The company is committed to maintaining independent operations and minimizing related party transactions to protect shareholder interests[15]