万里股份(600847) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was ¥30,617,060.32, representing a decrease of 21.63% year-on-year[9] - Net profit attributable to shareholders was ¥1,094,293.47, an increase of 90.30% compared to the same period last year[9] - Basic earnings per share increased by 10.77% to ¥0.0072 compared to the same period last year[9] - Total operating revenue for the current period is ¥30,617,060.32, a decrease of 21.5% from ¥39,064,971.75 in the previous period[30] - Net profit for the current period is ¥1,093,949.82, up from ¥575,037.18 in the previous period, indicating a growth of 90.1%[30] - Basic and diluted earnings per share increased to ¥0.0072 from ¥0.0065, representing a growth of 10.8%[31] Assets and Liabilities - Total assets at the end of the reporting period reached ¥838,354,918.71, a slight increase of 0.09% compared to the previous year-end[9] - Total liabilities increased to ¥137,880,441.88 from ¥133,195,820.92, marking a rise of 3.9%[30] - Total equity increased slightly to ¥705,474,525.33 from ¥704,377,139.01, reflecting a marginal growth of 0.2%[30] - The total amount of funds raised for the projects is 66,785.88 million RMB, with 2,604.10 million RMB invested during the reporting period and a cumulative investment of 9,201.65 million RMB[16] Cash Flow - Cash flow from operating activities showed a negative net amount of ¥37,082,134.09, a decline of 961.50% compared to the previous year[9] - Cash flow from operating activities shows a net outflow of ¥37,082,134.09, compared to a net inflow of ¥4,304,390.80 in the previous period[35] - Operating cash flow for the current period was -31,082,085.59 RMB, a significant decrease compared to 4,305,310.92 RMB in the previous period[38] - Total cash inflow from operating activities was 17,402,496.81 RMB, down from 23,192,986.08 RMB year-over-year[38] - The net cash flow from financing activities was -1,530,000.00 RMB, compared to -1,213,806.97 RMB in the previous period[39] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose by 124.02% to ¥18,464,000.00[13] - Inventory levels increased by 101.09%, reaching ¥61,923,765.69, indicating a buildup of stock[13] - The company's inventory increased to 61,923,765.69 RMB from 30,794,055.64 RMB, indicating an expansion in production scale[21] - Accounts receivable increased slightly to 46,863,030.60 RMB from 46,422,863.75 RMB[21] Expenses - Management expenses increased due to higher wages and depreciation costs[16] - Financial expenses decreased due to an increase in interest income from deposits[16] - The company reported a significant increase in sales expenses to ¥1,260,187.98, up from ¥1,006,482.53, indicating a rise of 25.1%[30] - Management expenses surged to ¥3,778,078.13 from ¥1,506,319.39, a substantial increase of 150.0%[30] Investments and Subsidiaries - The company has established a new subsidiary, Chongqing Wanli Huafeng Battery Sales Co., Ltd., with a registered capital of 10 million RMB, of which the company holds 90%[16] - The company paid 985 million RMB for the purchase of production equipment from Chongqing Huafeng Battery Group Co., Ltd.[17] - The company is in the process of acquiring accounts receivable from its supplier, with a maximum limit of 20 million RMB[17] Cash and Cash Equivalents - The company paid 1,530,000.00 RMB in dividends and interest during the financing activities[39] - Cash and cash equivalents at the end of the period decreased to 7,260,092.82 RMB from 2,161,419.70 RMB in the previous period[40] - The company experienced a negative impact of -64,850,826.14 RMB from cash and cash equivalents due to exchange rate fluctuations[40] - The initial cash and cash equivalents balance was 72,110,918.96 RMB, indicating a significant liquidity position at the start of the period[40]