TDTEC(600582)2015-04-28 16:00Financial Performance - Operating revenue decreased by 18.03% to CNY 2.31 billion compared to the same period last year[7] - Net profit attributable to shareholders fell by 22.57% to CNY 111.05 million year-on-year[7] - Basic and diluted earnings per share decreased by 22.57% to CNY 0.0537[7] - Total operating revenue for Q1 2015 was ¥2,313,446,109.53, a decrease of 18% compared to ¥2,822,478,039.44 in the same period last year[38] - Net profit for Q1 2015 was ¥130,992,649.51, a decline of 32.7% from ¥195,053,235.06 in Q1 2014[39] - The net profit attributable to shareholders of the parent company was ¥111,051,586.48, down 22.5% from ¥143,424,266.06 in the previous year[39] - Earnings per share for Q1 2015 were ¥0.0537, compared to ¥0.0693 in Q1 2014, reflecting a decrease of 22.5%[39] - Operating profit for Q1 2015 was ¥134,471,398.99, down 36.6% from ¥212,188,812.02 in the same period last year[38] Assets and Liabilities - Total assets increased by 4.23% to CNY 29.35 billion compared to the end of the previous year[7] - Current assets totaled CNY 20.68 billion, slightly up from CNY 20.43 billion, indicating a growth of about 1.2%[32] - Non-current assets rose to CNY 8.67 billion, compared to CNY 7.73 billion, reflecting an increase of approximately 12.2%[32] - Total liabilities decreased to CNY 12.42 billion from CNY 13.32 billion, a reduction of about 6.7%[33] - Shareholders' equity increased to CNY 16.92 billion, up from CNY 14.83 billion, marking a growth of approximately 14.1%[33] - Total assets increased to ¥11,101,475,443.25 in Q1 2015 from ¥9,527,271,859.85 in the previous year, representing a growth of 16.6%[37] - The company's total equity rose to ¥8,986,138,136.35, an increase of 28.1% from ¥7,015,634,323.65 in Q1 2014[37] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 261.31 million, an improvement from CNY 467.85 million in the previous year[7] - The net cash flow from operating activities was -261,308,877.53, an improvement from -467,849,941.97 in the previous period, indicating a reduction in cash outflow[45] - Total cash inflow from operating activities decreased to 2,144,962,390.21, down from 2,325,960,182.43, reflecting a decline of approximately 7.8%[45] - Cash outflow from operating activities was 2,406,271,267.74, compared to 2,793,810,124.40 in the previous period, showing a decrease of about 13.8%[45] - The net cash flow from investing activities was -947,873,377.19, worsening from -148,828,330.90 in the previous period[46] - The net cash flow from financing activities was 1,718,799,448.00, a significant improvement from -160,663,635.07 in the previous period[46] - The ending cash and cash equivalents balance was 3,029,029,207.13, up from 1,402,426,711.59, reflecting a strong liquidity position[46] Shareholder Information - The total number of shareholders reached 21,894 at the end of the reporting period[12] - The largest shareholder, China Coal Technology & Engineering Group, holds 69.27% of the shares[12] Commitments and Future Plans - The company is actively processing the property ownership certificates for the acquired companies as part of the commitments made during the restructuring[22] - The company has committed to prioritize support for its main business and to inject other quality assets as conditions permit, following the completion of the transaction[22] - The company will actively promote the profitability of its subsidiaries engaged in similar businesses to Tiandi Technology after the completion of the transaction, with a plan to inject these assets into Tiandi Technology within five years[23] - The company and its controlled enterprises will avoid new competition with Tiandi Technology and prioritize new business opportunities for Tiandi Technology[24] - The company has committed to ensuring that the actual net profit of the target company during the profit commitment period will not be less than the promised net profit, or it will compensate Tiandi Technology with shares[26] - The profit commitment period for the transaction is set for 2014, 2015, and 2016, with all target companies meeting their profit forecast for 2014[26] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 20.07 million, with a significant impact from debt restructuring gains[9][13] - The company reported a weighted average return on equity of 0.89%, down 45.33% from the previous year[7] - Employee compensation payable at the end of the reporting period was 568.36 million RMB, a decrease of 248.10 million RMB, or 30.39%, due to performance-based bonus payments[16] - Operating tax and surcharges for the reporting period were 34.98 million RMB, an increase of 9.20 million RMB, or 35.69%, mainly due to increased coal resource tax[16] - The company reported an investment loss of ¥4,161,154.08 in Q1 2015, compared to a gain of ¥429,585.64 in Q1 2014[38]