ShaanGu(SH:601369)2014-04-24 16:00Financial Performance - Net profit attributable to shareholders was CNY 87.99 million, down 61.16% year-on-year[9]. - Basic earnings per share were CNY 0.05, down 61.16% from CNY 0.14 in the previous year[9]. - The company’s net profit attributable to shareholders decreased by 71.15% from 207.16 million CNY to 59.76 million CNY, primarily due to changes in revenue structure[20]. - Net profit for the current period is CNY 89,569,407.60, a decline of 60.5% from CNY 226,624,900.60 in the previous period[41]. Revenue and Orders - Operating revenue for the first quarter was CNY 1.22 billion, a decline of 23.99% compared to the same period last year[9]. - The company achieved a cumulative order intake of CNY 1.92 billion in the first quarter, an increase of 7.44% year-on-year[15]. - Total operating revenue for the current period is CNY 1,216,438,612.49, a decrease of 24% compared to CNY 1,600,292,881.45 in the previous period[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14.30 billion, a decrease of 2.20% compared to the end of the previous year[9]. - Total current assets decreased from ¥11,993,697,102.77 to ¥11,635,414,626.01, a decline of about 2.98%[34]. - Total liabilities increased from ¥8,333,436,971.24 to ¥8,492,822,811.03, an increase of approximately 1.91%[35]. - The company's total equity decreased from ¥6,283,748,418.60 to ¥5,802,960,099.72, a decline of about 7.63%[35]. Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 159.49 million compared to CNY 398.97 million in the same period last year[9]. - The company’s operating cash flow net amount improved from -398.97 million CNY to -159.49 million CNY, indicating a reduction in procurement payments[20]. - Net cash flow from operating activities was negative at -¥159,493,551.79, improving from -¥398,967,418.99 in the previous period[45]. - Total cash outflow from operating activities was ¥1,160,018,494.65, compared to ¥1,495,635,867.21 in the prior period, a reduction of about 22.5%[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 42,924[12]. - The largest shareholder, Shaanxi Blower (Group) Co., Ltd., holds 61.57% of the shares[12]. - The company has committed to avoiding competition with its major shareholders, ensuring no direct or indirect competition in the market[26]. Contracts and Projects - The company signed a new contract with Inner Mongolia Sanjujiacai New Energy Co., Ltd. for a 60,000 Nm3/year coke oven gas to LNG project, which is significant for the new coal chemical market[16]. - The company signed a contract for a comprehensive energy utilization project with Yancheng Lianxin Steel Co., Ltd., addressing multiple energy utilization needs in metallurgy[17]. - The company signed a contract for a 400,000 tons/year mixed dehydrogenation unit with Shandong Shenchi Petrochemical Co., Ltd., expanding its product application in the dehydrogenation market[16]. Investment and Returns - The company’s investment income increased by 39.57% from 20.27 million CNY to 28.29 million CNY, mainly due to higher returns from financial product investments[19]. - Long-term investments increased to CNY 705,465,807.90 from CNY 663,309,114.94, an increase of approximately 6.37%[37]. Operational Changes - The company is currently undergoing a transformation, impacting the revenue structure and gross profit margin[15]. - The company reported a significant increase in asset impairment losses, totaling CNY 79,575,556.63, compared to CNY 61,115,630.66 in the previous period[40].