HIGHLY(SH:600619)2015-04-27 16:00Financial Performance - Operating revenue for the current period was CNY 1,469,758,554.39, representing a decline of 20.24% year-on-year[7]. - Net profit attributable to shareholders was CNY 20,838,615.80, down 25.84% from the previous year[7]. - Basic earnings per share were CNY 0.04, a decrease of 20.00% compared to CNY 0.05 in the previous year[7]. - The company reported a significant decrease in net profit and operating revenue, indicating challenges in the current market environment[7]. - Operating revenue for Q1 2015 was CNY 1.46976 billion, a decrease of 20.2% year-on-year, while net profit attributable to shareholders was CNY 29.78 million, a decrease of 14.0%[22]. - Total operating revenue for Q1 2015 was ¥1,469,758,554.39, a decrease of 20.2% compared to ¥1,842,757,035.84 in the same period last year[35]. - Net profit for Q1 2015 was ¥43,160,434.43, a decline of 10.5% from ¥47,970,286.17 in Q1 2014[35]. - The net profit attributable to shareholders of the parent company was ¥29,783,445.52, down 13.5% from ¥34,638,921.29 in the previous year[35]. - The comprehensive income total for Q1 2015 was ¥48,889,526.00, down from ¥57,075,305.66 in Q1 2014[36]. Cash Flow - Cash flow from operating activities generated CNY 37,710,881.59, a significant recovery from a negative cash flow of CNY -253,456,360.11 in the same period last year[7]. - The net cash flow from operating activities increased by CNY 291.17 million year-on-year, primarily due to an increase in the maturity of accounts receivable[21]. - Net cash flow from operating activities was ¥37,710,881.59, a significant improvement from a net outflow of ¥-253,456,360.11 in the previous period[42]. - Cash inflow from sales of goods and services reached ¥1,817,871,870.53, up from ¥1,509,445,754.26 in the previous period, indicating a growth of approximately 20.4%[40]. - Total cash inflow from investment activities amounted to ¥29,173,829.66, compared to ¥8,462,713.55 in the previous period, reflecting an increase of approximately 244.5%[42]. - Cash outflow from investment activities was ¥76,195,675.42, up from ¥47,469,688.71, resulting in a net cash flow from investment activities of ¥-47,021,845.76, worsening from ¥-39,006,975.16[42]. - Cash inflow from financing activities totaled ¥23,951,966.76, a decrease from ¥839,133,789.59 in the previous period[42]. - Net cash flow from financing activities was ¥-57,970,466.95, compared to a positive net flow of ¥283,863,749.23 in the previous period[42]. - The ending cash and cash equivalents balance was ¥443,315,317.36, down from ¥314,548,753.21 in the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,576,411,358.25, a decrease of 0.87% compared to the end of the previous year[7]. - Total liabilities as of March 31, 2015, were ¥5,325,183,988.34, down from ¥5,535,974,077.92 at the start of the year[30]. - The company's cash and cash equivalents decreased to ¥464,580,139.19 from ¥528,717,043.59 at the beginning of the year, representing a decline of approximately 12.5%[28]. - Accounts receivable increased to ¥1,840,965,769.06 from ¥1,466,968,390.84, reflecting a growth of about 25.5%[28]. - Inventory rose to ¥1,001,244,882.23, up from ¥894,158,743.13, indicating an increase of approximately 12%[28]. - The company's total equity increased to ¥3,251,227,369.91 from ¥3,115,421,491.45, marking a growth of about 4.4%[30]. - The company’s total liabilities to equity ratio stood at approximately 1.64 as of March 31, 2015, compared to 1.78 at the beginning of the year[30]. - The total liabilities amounted to ¥1,052,120,241.15, a decrease from ¥1,091,034,828.91 year-over-year[35]. - Total equity increased to ¥1,901,829,991.38 from ¥1,848,068,569.56 in the previous year, reflecting a growth of 2.3%[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 51,995, with 29,833 holding B shares[12]. - The largest shareholder, Shanghai Electric Group, held 32.70% of the shares, totaling 218,357,822 shares[12]. Investments and Acquisitions - The company plans to issue shares to acquire 100% of Fusheng Electric, with the proposal approved by the board and shareholders[24]. - The company completed the capital increase of 80% equity in Haile Casting to Anhui Haile, increasing its stake in Anhui Haile from 40% to 56.38%[25]. - Financial expenses decreased by 45.06% year-on-year, mainly due to increased exchange gains and reduced interest expenses[19]. - Other comprehensive income increased by 40.76% year-on-year, primarily due to exchange rate differences from the conversion of financial statements of subsidiaries[17]. - The company reported an investment income of ¥69,966,189.57, significantly up from ¥13,713,416.59 in the same period last year[38]. Non-Recurring Items - Non-recurring gains and losses totaled CNY 8,944,829.72, primarily from asset disposals and government subsidies[10].