凌云股份(600480) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 1,382,728,860.25, a 38.64% increase year-on-year [10]. - Net profit attributable to shareholders increased by 27.48% to CNY 27,702,260.95 compared to the same period last year [10]. - Basic earnings per share increased by 33.33% to CNY 0.08 compared to the same period last year [10]. - Net profit for Q1 2014 was ¥50,842,521.05, representing a 50.4% increase compared to ¥33,828,662.58 in Q1 2013 [26]. - The net profit attributable to shareholders of the parent company was ¥27,702,260.95, up from ¥21,731,099.70 in the previous year [26]. Assets and Liabilities - Total assets increased by 3.64% to CNY 6,906,788,154.19 compared to the end of the previous year [10]. - Total current assets decreased to ¥1,171,942,969.65 from ¥1,201,037,089.46 at the beginning of the year [22]. - Total liabilities increased to ¥2,156,106,511.27 from ¥2,138,875,986.06 at the beginning of the year [23]. - Total assets as of March 31, 2014, amounted to CNY 6,906,788,154.19, an increase from CNY 6,664,031,854.96 at the beginning of the year [20]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY -315,408,294.23, compared to CNY -315,013,795.57 in the previous year [10]. - Net cash flow from operating activities was -CNY 315,408,294.23, a slight decrease compared to the previous year [18]. - Cash inflow from financing activities was CNY 1,113,852,298.09, an increase from CNY 1,041,943,852.26, reflecting a growth of approximately 6.9% [32]. - Net cash flow from financing activities was CNY 89,492,545.13, down from CNY 222,997,145.33 in the previous period, indicating a decline of about 60% [32]. - The company reported a total cash and cash equivalents net decrease of CNY 305,926,877.30, compared to a decrease of CNY 207,703,651.03 in the prior period, indicating a worsening cash position [32]. Accounts Receivable and Inventory - Accounts receivable increased by 39.78% to CNY 1,810,049,744.80 compared to the beginning of the year [15]. - Accounts receivable increased by 39.78% compared to the beginning of the year, primarily due to increased sales revenue [16]. - Inventory increased by 13.84% to CNY 1,207,462,434.92 compared to the beginning of the year [15]. - Inventory levels increased to ¥240,242,951.69 from ¥231,764,952.22 at the beginning of the year [22]. Operating Costs and Impairments - Operating costs increased by 39.90% year-on-year, primarily due to rising raw material prices and expanded sales scale [17]. - Asset impairment losses increased by 192.92% year-on-year, attributed to increased accounts receivable and higher bad debt provisions [17]. Investment Activities - Net cash flow from investing activities improved by CNY 35,051,156.99 year-on-year, mainly due to reduced cash payments for fixed and intangible asset purchases [18]. - Cash inflow from investment activities was CNY 465,266.25, significantly lower than CNY 6,323,792.17 in the previous period, a decrease of about 92.6% [31]. - Cash outflow from investment activities was CNY 80,921,464.75, down from CNY 121,831,147.66, a reduction of approximately 33.7% [32]. - Net cash flow from investment activities was negative CNY 80,456,198.50, an improvement from negative CNY 115,507,355.49 in the previous period [32].