新潮能源(600777) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 56.33% to CNY 366,910,098.88 compared to the same period last year[11] - Net profit attributable to shareholders decreased by 57.00% to CNY 5,372,419.06 compared to the same period last year[11] - Basic earnings per share decreased by 50.00% to CNY 0.01 compared to the same period last year[11] - Total operating revenue for Q1 2014 was RMB 366,910,098.88, a decrease of 56.3% compared to RMB 840,196,246.87 in the same period last year[29] - Net profit for Q1 2014 was RMB 35,501,865.74, down 12.3% from RMB 40,486,478.68 in Q1 2013[29] - Operating profit increased to RMB 57,852,869.97, up 13.5% from RMB 51,106,611.95 in the previous year[29] - The company recorded a total profit of RMB 58,601,321.65 for Q1 2014, up 13.5% from RMB 51,736,394.85 in Q1 2013[29] Cash Flow - Net cash flow from operating activities decreased significantly by 447.24% to -CNY 76,286,591.84 compared to the same period last year[11] - Cash flow from operating activities showed a net outflow of RMB 76,286,591.84, compared to a net inflow of RMB 21,969,697.95 in Q1 2013[35] - The net cash flow from operating activities was -$19.75 million, a significant decrease from $56.57 million in the previous period, indicating a decline in operational efficiency[38] - Cash inflow from operating activities was $2.19 million, a sharp decline from $71.98 million in the previous period, indicating challenges in revenue generation[38] Assets and Liabilities - Total assets increased by 1.01% to CNY 6,057,245,435.94 compared to the end of the previous year[11] - Total assets increased to approximately $6.06 billion, up from $5.99 billion at the beginning of the year, representing a growth of about 0.4%[25] - Current assets totaled approximately $5.47 billion, an increase from $5.37 billion, reflecting a growth of about 2.1%[25] - Total liabilities amounted to approximately $4.17 billion, slightly up from $4.15 billion, indicating a growth of about 0.3%[25] - Short-term borrowings decreased to approximately $831.5 million from $846.5 million, a decline of about 1.2%[25] - Accounts receivable decreased to approximately $106.3 million from $110.6 million, a reduction of about 3.0%[24] - Inventory remained relatively stable at approximately $4.28 billion, down slightly from $4.30 billion, a decrease of about 0.4%[24] - Non-current assets totaled approximately $591.0 million, down from $631.6 million, reflecting a decrease of about 6.4%[24] - Shareholders' equity increased to approximately $1.88 billion from $1.85 billion, representing a growth of about 1.3%[25] Cash Management - Cash and cash equivalents rose to approximately $562.9 million, up from $503.3 million, marking an increase of about 11.8%[24] - Cash inflow from investment activities totaled $46.30 million, compared to only $1.57 million in the prior period, reflecting a strong investment recovery[38] - Cash inflow from financing activities reached $253.00 million, a substantial increase from $108.00 million in the previous period, highlighting improved capital raising efforts[38] - The net cash flow from financing activities was $124.82 million, a turnaround from a negative $40.46 million in the prior period, indicating better financial management[38] - The total cash and cash equivalents at the end of the period increased to $248.43 million, up from $147.52 million, showcasing a strong liquidity position[38] Shareholder Information - The number of shareholders totaled 49,454 at the end of the reporting period[14] - The company reported an increase in undistributed profits to approximately $22.6 million from $17.2 million, a growth of about 31.5%[25] Expenses - Financial expenses increased by 58.39% due to an increase in bank borrowings[19] - The company reported a significant increase in management expenses, rising to RMB 29,502,871.19 from RMB 23,702,394.56, reflecting a 24.0% increase year-over-year[29] - Cash outflows for operating activities amounted to $21.94 million, up from $15.40 million, suggesting rising operational costs[38] - The cash outflow for employee payments was $3.00 million, down from $4.09 million, reflecting cost-cutting measures[38] - The cash outflow for taxes paid was $1.23 million, slightly decreased from $1.37 million, indicating stable tax obligations[38] Investment Activities - Cash flow from investment activities increased significantly due to cash received from the disposal of subsidiaries[19] - Investment cash flow net inflow was RMB 46,003,049.12, compared to RMB 9,822,673.34 in the same period last year, indicating a strong improvement in investment activities[35] - Prepaid accounts increased by 38.17% mainly due to advance payments for engineering projects by subsidiaries[19]