EGING PV(SH:600537)2015-04-28 16:00Financial Performance - Revenue for the reporting period was CNY 682,007,114.64, representing a growth of 42.26% year-on-year[6]. - Net profit attributable to shareholders decreased by 63.95% to CNY 11,426,234.20 compared to the same period last year[6]. - The net cash flow from operating activities was negative at CNY -78,182,593.55, a decline of 185.47% compared to the previous year[6]. - Basic and diluted earnings per share decreased by 71.43% to CNY 0.02[6]. - The company reported a total comprehensive income of 11,340,191.33 RMB for Q1 2015, down from 31,702,575.52 RMB in the previous year, indicating a decrease of approximately 64.3%[30]. - The company's net profit for Q1 2015 was -479,686.38 RMB, compared to -1,086,454.88 RMB in the same period last year, showing an improvement of approximately 56%[33]. - The company's earnings per share (EPS) for Q1 2015 was not explicitly stated but the net profit attributable to shareholders was ¥11,426,234.20, down from ¥31,696,521.41 in Q1 2014[29]. Assets and Liabilities - Total assets increased by 23.59% to CNY 6,631,859,205.11 compared to the end of the previous year[6]. - The company's total assets increased significantly, with other current assets rising by 2414.75% to RMB 693,093,612.84 due to the purchase of financial products[12]. - Total liabilities increased to ¥4,047,196,533.46 from ¥3,993,821,693.15, marking a rise of 1.34%[26]. - Shareholders' equity rose to ¥2,584,662,671.65, up 88.06% from ¥1,372,119,439.48 at the start of the year[26]. Cash Flow - The net cash flow from operating activities for Q1 2015 was -78,182,593.55 RMB, a decline from a positive cash flow of 91,472,774.17 RMB in the same period last year[36]. - The net cash flow from financing activities was 862,421,476.01 RMB in Q1 2015, contrasting with a negative cash flow of -289,148,613.75 RMB in the same period last year[36]. - The company reported a net cash outflow from investment activities of -862,430,000.00 RMB, with no cash inflows recorded during the period[37]. - The company’s cash and cash equivalents increased from 463,964.08 RMB at the beginning of the period to 1,554,327.18 RMB at the end of the period[38]. Shareholder Information - The total number of shareholders reached 43,728 at the end of the reporting period[9]. - The largest shareholder, Xun Jianhua, holds 32.634% of the shares, with 191,944,585 shares pledged[9]. - The company plans to distribute a total of 26,197,082 shares to other shareholders at a rate of 1 share for every 10 shares held, which corresponds to 2,619.7082 million shares[16]. - The controlling shareholder has committed to extend the lock-up period for their shares for an additional 3 years from the date of the shareholder meeting resolution[16]. Operational Highlights - The company has not reported any new product developments or market expansion strategies in this quarter[4]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29]. - The company has a plan to continue its growth trajectory in the photovoltaic industry, contingent on favorable market conditions[22]. Expenses and Costs - Operating costs for Q1 2015 were ¥680,996,825.23, up 51.38% from ¥449,603,686.71 in Q1 2014[29]. - The company reported a significant increase in sales expenses, which rose by 125.93% to RMB 31,831,860.13, driven by increased warranty and freight costs[12]. - The company's financial expenses rose by 73.61% to RMB 34,732,282.44, primarily due to exchange rate fluctuations leading to foreign exchange losses[12]. - Management expenses decreased to 664,988.64 RMB in Q1 2015 from 1,086,286.16 RMB in the previous year, a reduction of approximately 38.7%[32]. Profit Distribution and Commitments - The company has committed to forgo profit distribution amounting to CNY 76.65 million to protect investor interests and ensure future profitability[22]. - The company plans to distribute at least 50% of the annual distributable profit in cash if it is profitable and has positive retained earnings[20]. - The company has undertaken to ensure that the controlling shareholder will not engage in any business that competes with the company or its subsidiaries[18].