ENN-NG(SH:600803)2015-04-22 16:00Financial Performance - Revenue decreased by 25.24% to CNY 969,746,946.95 compared to the same period last year[7]. - Net profit attributable to shareholders dropped by 72.81% to CNY 50,620,031.99 year-on-year[7]. - Basic earnings per share fell by 73.68% to CNY 0.05 compared to the previous year[7]. - Operating revenue decreased by 25.24% year-on-year, primarily due to a decline in the prices of main products[16]. - Net profit attributable to shareholders decreased by 72.81% year-on-year, mainly due to a decline in the prices of main products[16]. - Total operating revenue for Q1 2015 was CNY 969,746,946.95, a decrease from CNY 1,297,191,604.02 in the same period last year, representing a decline of approximately 25.3%[37]. - Net profit for Q1 2015 was CNY 60,554,706.92, compared to CNY 214,145,824.99 in the previous year, reflecting a decrease of approximately 71.7%[38]. - Total revenue for Q1 2015 was CNY 122,916.17, a significant decrease from CNY 66,184,199.73 in the same period last year[39]. - Net profit for Q1 2015 was a loss of CNY 14,328,933.91, compared to a loss of CNY 11,852,080.43 in Q1 2014[39]. - Total comprehensive income for Q1 2015 was CNY -14,328,933.91, compared to CNY -11,852,080.43 in the previous year[42]. Assets and Liabilities - Total assets increased by 0.67% to CNY 9,525,442,974.82 compared to the end of the previous year[7]. - The total liabilities as of the end of the reporting period were CNY 4,407,783,854.27, slightly up from CNY 4,401,969,926.38 at the beginning of the year[33]. - The total assets amounted to CNY 4,414,139,496.36, an increase from CNY 4,397,275,402.30 at the start of the year[34]. - The company's total current liabilities were approximately CNY 2.48 billion, slightly up from CNY 2.47 billion at the beginning of the year[31]. - The company's long-term borrowings stood at approximately CNY 1.30 billion, showing a minor increase from CNY 1.30 billion at the start of the year[31]. - The company’s total non-current liabilities were CNY 1,929,279,895.01, showing a minor decrease from CNY 1,931,960,999.70[33]. Cash Flow and Investments - Operating cash flow net amount rose by 26.34% to CNY 209,490,717.01 year-on-year[7]. - Cash flow from operating activities for Q1 2015 was CNY 944,337,408.93, down from CNY 1,155,869,983.65 in the same period last year[42]. - Cash paid for other investment activities decreased by 63.24% year-on-year, mainly due to a reduction in returned deposits[17]. - Investment income showed a substantial loss increase of 6246.81% year-on-year, primarily due to losses from an associate company caused by market price fluctuations[16]. - Investment income for Q1 2015 was CNY 68,300.46, recovering from a loss of CNY 60,962.19 in Q1 2014[39]. Shareholder Information - The total number of shareholders reached 15,148 at the end of the reporting period[11]. - The largest shareholder, Xin'ao Holdings Investment Co., Ltd., holds 30.97% of shares[11]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest holding being 305,261,472 shares[11]. Operational Challenges - The company expects a net profit decrease of approximately 50% to 60% compared to the same period last year due to the impact of falling energy product prices[23]. - The company reported a decrease in sales revenue and an increase in operating losses, indicating challenges in the current market environment[39]. Other Financial Metrics - The weighted average return on equity decreased by 3.59 percentage points to 1.12%[7]. - Non-recurring gains and losses totaled CNY 5,525,149.25 for the reporting period[9]. - Accounts receivable interest increased by 47.46% compared to the beginning of the period, primarily due to an increase in interest from time deposits[13]. - Notes payable increased by 135.47% compared to the beginning of the period, mainly due to an increase in note financing activities[13]. - The company reported a significant increase in interest payable by 100.31% compared to the beginning of the period, due to accrued but unpaid bank loan interest[14]. - Employee compensation payable decreased by 39.63% compared to the beginning of the period, mainly due to a reduction in performance bonuses issued during the reporting period[14]. - The company’s inventory increased to approximately CNY 375.14 million from CNY 356.84 million at the beginning of the year[28]. - The company confirmed that the ownership status of certain assets will not affect its operational policies and will bear legal responsibilities for any losses incurred[20]. - The company has committed to performance compensation obligations for three investment entities, including Xin'ao Holdings, if actual profits fall below the forecast during the compensation period[20].