WHEE(SH:600475)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter was ¥734,095,456.79, representing an 8.39% increase year-on-year[10] - Net profit attributable to shareholders was ¥27,627,285.66, a significant increase of 41.99% compared to the same period last year[10] - The company reported a basic earnings per share of ¥0.108, which is a 42.11% increase compared to ¥0.076 in the same period last year[10] - Net profit for Q1 2014 reached CNY 37,615,005.79, representing a 70.9% increase from CNY 21,997,823.04 in Q1 2013[35] - Total operating revenue for Q1 2014 was CNY 734,095,456.79, an increase of 8.4% compared to CNY 677,265,584.61 in the same period last year[34] - Total operating costs for Q1 2014 were CNY 689,842,763.45, up 4.7% from CNY 658,635,092.16 year-over-year[34] Cash Flow and Liquidity - The net cash flow from operating activities improved dramatically, with a net outflow of only ¥6,958,312.14, a 96.08% reduction from the previous year's outflow of ¥177,443,411.78[10] - Cash flow from operating activities showed a net outflow of CNY -6,958,312.14, an improvement from CNY -177,443,411.78 in Q1 2013[41] - Operating cash inflow for Q1 2014 was CNY 317,955,321.75, up from CNY 188,110,206.28 in the same period last year, representing a growth of 69.0%[44] - Net cash flow from operating activities was -CNY 47,542,546.56, an improvement compared to -CNY 266,690,150.24 in Q1 2013[45] - The ending cash and cash equivalents balance for Q1 2014 was CNY 610,611,262.52, compared to CNY 584,896,513.10 at the end of Q1 2013, showing a slight increase[46] - The net increase in cash and cash equivalents for the quarter was -CNY 50,146,761.56, compared to -CNY 265,190,150.24 in Q1 2013, indicating a significant improvement[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,715,457,746.59, an increase of 1.79% compared to the previous year[10] - The company's total liabilities reached CNY 3,237,869,080.63, compared to CNY 3,192,610,882.47 at the start of the year, indicating a rise in liabilities[28] - The total liabilities decreased to CNY 1,746,445,723.66 from CNY 1,829,579,921.51 year-over-year[32] - The company's total equity rose to CNY 1,477,588,665.96 from CNY 1,439,972,912.23, marking an increase of about 2.6%[28] - Total equity increased to CNY 1,267,239,383.05 from CNY 1,252,190,438.35 in the same period last year[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,134[13] - The largest shareholder, Wuxi Guolian Environmental Energy Group Co., Ltd., holds 44.55% of the shares, totaling 114,056,460 shares[15] Investment and Income - Investment income increased by 102.67%, reaching ¥3,040,000.00, attributed to the equity method of accounting for investments[21] - Investment income for Q1 2014 was CNY 3,040,000.00, up from CNY 1,500,000.00 in the previous year[35] Operational Efficiency - The weighted average return on net assets increased to 2.11%, up by 0.59 percentage points from the previous year[10] - The company experienced a significant reduction in financial expenses, with a decrease of 222.51% due to changes in the scope of consolidation[21] - The company reported a significant increase in sales revenue from cash received for goods sold, totaling CNY 564,975,661.71, compared to CNY 353,997,626.64 in Q1 2013[41] Other Financial Metrics - The company committed to distributing at least 10% of its distributable profits in cash annually over the next three years, based on actual performance[23] - The company recorded an asset impairment loss of CNY 2,500,000.00, compared to a gain of CNY -700,000.00 in the previous year[35] - Cash paid for purchasing goods and services was CNY 288,475,109.01, down from CNY 335,846,759.21 in Q1 2013, indicating a decrease of 14.1%[44] - Cash paid to employees increased to CNY 37,494,807.76 from CNY 32,061,502.41, reflecting a rise of 16.0%[45] - Cash paid for taxes was CNY 21,482,558.09, a decrease from CNY 26,938,767.77 in the previous year, showing a reduction of 20.3%[45]