天富能源(600509) - 2015 Q1 - 季度财报

Financial Performance - Operating revenue rose by 14.52% to CNY 951,271,279.04 year-on-year[5] - Net profit attributable to shareholders increased by 6.25% to CNY 108,910,333.26 compared to the same period last year[5] - Basic and diluted earnings per share both increased by 7.69% to CNY 0.14[5] - Total operating revenue for Q1 2015 reached ¥951,271,279.04, an increase of 14.5% compared to ¥830,642,892.07 in the same period last year[25] - Net profit for Q1 2015 was ¥133,659,183.13, representing a 7.5% increase from ¥124,559,307.64 in Q1 2014[26] - The company reported an operating profit of ¥157,298,194.07 for Q1 2015, which is a 15.9% increase from ¥135,605,410.33 in Q1 2014[26] Assets and Liabilities - Total assets increased by 1.79% to CNY 14,550,726,950.96 compared to the end of the previous year[5] - The company's total liabilities reached CNY 9,907,910,222.11, up from CNY 9,756,111,100.88, indicating an increase of about 1.55%[20] - Current assets totaled CNY 3,290,752,315.88, slightly up from CNY 3,229,780,053.36, representing a growth of approximately 1.88%[18] - The company's equity attributable to shareholders increased to CNY 4,532,284,900.75 from CNY 4,403,165,344.21, reflecting a growth of about 2.93%[20] - Total liabilities as of Q1 2015 amounted to ¥9,376,310,387.59, slightly up from ¥9,314,753,839.83 at the end of the previous quarter[24] - Total equity increased to ¥4,610,820,675.35 in Q1 2015 from ¥4,486,123,556.45 in the previous quarter, reflecting a growth of 2.8%[24] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -41,890,060.76, down 880.65% year-on-year[5] - Operating cash flow decreased significantly to -$41.89 million from $5.37 million, a decline of 880.65% year-over-year[12] - Investment cash flow improved slightly, with a net cash flow of -$248.26 million compared to -$253.81 million, an increase of 2.18%[12] - Financing cash flow surged to $277.63 million from $27.24 million, an increase of 919.15% year-over-year, primarily due to increased borrowings[12] - Operating cash inflow for Q1 2015 was CNY 1,009,366,032.07, an increase from CNY 911,948,916.94 in the previous year, representing a growth of approximately 10.67%[32] - Net cash flow from financing activities was CNY 277,626,889.01, significantly higher than CNY 27,240,937.29 in the same period last year, indicating improved financing conditions[33] Expenses - Sales expenses rose by 30.09% to CNY 15,000,328.90, driven by an increase in the number of gas stations[11] - Financial expenses increased by 45.41% to CNY 54,826,480.18, mainly due to higher interest costs for power grid projects[11] - Operating costs for Q1 2015 were ¥793,973,084.97, up 14.2% from ¥695,037,481.74 in Q1 2014[26] - The financial expenses for Q1 2015 were ¥54,826,480.18, up from ¥37,704,668.85 in the same period last year, indicating a rise of 45.4%[26] Operational Changes - The decrease in operating cash flow was mainly attributed to higher labor and operational costs during the period[12] - The increase in investment cash flow was due to reduced fixed asset investments compared to the previous year[12] - The company committed to not increasing investments in competing businesses to avoid conflicts with its operations[14] - The company plans to maintain a cash dividend policy, distributing no less than 10% of distributable profits annually[15] - There are no significant changes expected in cumulative net profit compared to the previous year[15] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30] Accounts Receivable and Inventory - Accounts receivable increased by 54.68% to CNY 392,847,132.67, attributed to higher sales volume[9] - Inventory decreased to CNY 488,312,351.46 from CNY 572,254,342.65, a reduction of about 14.7%[18]