DHCT(SH:600844)2015-04-26 16:00Financial Performance - Operating revenue rose by 39.40% to CNY 240,883,763.26 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 2,517,576.63, an improvement from a loss of CNY 23,435,895.38 in the previous year[6] - Basic earnings per share were -0.0026, compared to -0.0296 in the same period last year[6] - Operating profit for the current period was -¥2,624,754.02, an improvement compared to -¥41,357,877.24 in the previous period, reflecting a reduction in losses[30] - Net profit for the current period was -¥1,415,486.53, compared to -¥40,484,459.71 in the previous period, showing a significant decrease in losses[30] Cash Flow - Net cash flow from operating activities decreased by 76.21% to CNY 22,109,521.77 compared to the same period last year[6] - The net cash flow from operating activities was ¥22,109,521.77, down from ¥92,947,423.11 in the previous period, indicating a decline of approximately 76.3%[35] - The net cash flow from financing activities increased by 119.41% to CNY 26,244,244.89, compared to a negative cash flow of CNY 135,231,620.15 in the previous year[15] - The net cash flow from financing activities was 58,823,213.99 RMB, compared to 0.00 RMB in the previous period, showing a positive shift[38] - Cash inflow from financing activities totaled 62,328,863.69 RMB, with a significant portion coming from loans of 58,813,728.69 RMB[38] Assets and Liabilities - Total assets increased by 2.94% to CNY 3,363,386,661.68 compared to the end of the previous year[6] - Current liabilities rose to CNY 1,237,270,478.71, up from CNY 1,091,909,550.34, indicating an increase of about 13.3%[23] - Non-current liabilities decreased to CNY 530,451,965.52 from CNY 578,323,257.18, reflecting a decline of approximately 8.3%[23] - Total liabilities amounted to CNY 1,767,722,444.23, compared to CNY 1,670,232,807.52, marking an increase of around 5.8%[23] - Owner's equity totaled CNY 1,595,664,217.45, slightly down from CNY 1,597,079,703.98, a decrease of about 0.09%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,426[12] - The largest shareholder, Jiangsu Danhua Group, held 18.85% of the shares[12] Operational Metrics - The company produced 40,000 tons of ethylene glycol and 17,300 tons of oxalic acid, with sales of 36,100 tons and 13,500 tons respectively, achieving an average operating load of approximately 90%[18] - The company has not disclosed any new product developments or market expansion strategies in this report[6] Expenses - The company reported a significant increase in management expenses by 38.55% to CNY 47,606,817.31, driven by higher R&D costs at a subsidiary[15] - Management expenses increased to ¥47,845,609.19 from ¥34,361,460.06, reflecting a rise of approximately 39.5%[28] - The company experienced a significant increase in sales expenses, which rose to ¥16,055,520.50 from ¥12,703,093.35, representing an increase of about 26.5%[28] Inventory and Receivables - Accounts receivable decreased by 36.63% from CNY 8,237,190.41 to CNY 5,219,704.73, primarily due to a reduction in receivables from a subsidiary[15] - Inventory increased by 45.04% from CNY 162,688,884.31 to CNY 235,957,615.01, attributed to increased stock at a subsidiary[15] - Other receivables surged by 1,412.96% from CNY 1,141,127.29 to CNY 17,264,772.19, mainly due to increases at a subsidiary[15] - Prepayments rose by 151.74% from CNY 56,262,395.67 to CNY 141,636,061.81, primarily for technical renovation and expansion projects[15] Investment Activities - The cash flow from investment activities was -6,799.00 RMB, indicating a decrease in investment outflows compared to the previous period[38] - The cash flow from investment activities netted -33,308,718.45 RMB, reflecting a substantial outflow compared to -12,368,463.43 RMB previously[36]