DTPC(SH:600719)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders surged by 76.58% to CNY 75,350,656.82 year-on-year[6] - Basic earnings per share increased by 76.30% to CNY 0.372 compared to the same period last year[6] - Net profit increased by 76.59% to ¥75.35 million from ¥42.67 million, driven by increased sales volume and improved efficiency in coal procurement[14] - Net profit for Q1 2015 was CNY 75,350,656.82, up 76.8% from CNY 42,671,642.87 in Q1 2014[26] - The total profit for Q1 2015 was CNY 99,554,461.66, an increase from CNY 56,659,859.50 in the same period last year, representing a growth of approximately 75.6%[29] - The net profit for Q1 2015 reached CNY 74,665,846.25, compared to CNY 42,494,894.62 in Q1 2014, marking an increase of about 75.7%[29] - Basic and diluted earnings per share for Q1 2015 were both CNY 0.369, up from CNY 0.210 in the previous year, reflecting a growth of approximately 75.7%[29] Revenue and Costs - Operating revenue rose by 4.93% to CNY 380,095,690.07 compared to the same period last year[6] - Total operating revenue for Q1 2015 was CNY 380,095,690.07, an increase of 4.7% compared to CNY 362,246,562.97 in the same period last year[25] - Total operating costs decreased to CNY 279,565,275.02 from CNY 305,495,818.75, representing a reduction of 8.5%[26] Assets and Liabilities - Total assets decreased by 4.68% to CNY 1,231,974,664.29 compared to the end of the previous year[6] - Total liabilities decreased by 24.0% to ¥430.61 million from ¥566.51 million, reflecting a reduction in short-term borrowings and other liabilities[19] - Total current assets decreased to CNY 330,853,576.49 from CNY 354,867,315.85, a decline of 6.8%[22] - Total liabilities decreased to CNY 366,022,402.08 from CNY 472,435,826.30, a reduction of 22.4%[23] - The company’s total equity rose to CNY 798,847,317.96 from CNY 724,181,471.71, an increase of 10.3%[23] Cash Flow - Net cash flow from operating activities decreased by 70.38% to CNY 10,264,266.88 compared to the previous year[6] - Operating cash flow decreased by 70.39% to ¥10.26 million from ¥34.65 million due to increased cash payments for raw materials and taxes[14] - Cash flow from operating activities for Q1 2015 was CNY 10,264,266.88, a decrease of 70.4% from CNY 34,649,822.66 in Q1 2014[32] - The company reported a decrease in cash inflow from sales of goods and services, totaling CNY 210,648,515.85 in Q1 2015, down from CNY 236,100,134.24 in Q1 2014, a decline of approximately 10.8%[31] - Total cash outflow for operating activities was CNY 217,020,051.72 in Q1 2015, slightly lower than CNY 222,596,218.52 in the same period last year[32] Shareholder Information - The total number of shareholders reached 24,992 at the end of the reporting period[10] - The largest shareholder, Dalian Thermal Power Group Co., Ltd., holds 32.91% of the shares, totaling 66,566,892 shares[10] Inventory and Receivables - Accounts receivable decreased by 31.21% to ¥78.07 million from ¥113.49 million due to changes in steam sales volume during the settlement period[12] - Inventory decreased significantly by 66.40% to ¥24.76 million from ¥73.70 million as coal inventory was consumed during the heating period[12] - The company reported a significant decrease in inventory from CNY 58,124,012.86 to CNY 23,529,469.24, a drop of 59.5%[22] Strategic Initiatives - The company plans to continue optimizing its coal procurement structure to enhance operational efficiency and reduce costs[14] - Prepayments increased by 8.5% to ¥77.57 million from ¥71.53 million, indicating a strategic move to secure supplies[17] Financial Expenses - Financial expenses decreased by 89.03% to ¥1.20 million from ¥10.94 million due to reduced borrowings and lower interest rates[12]