华锦股份(000059) - 2015 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2015 was ¥6,326,180,490.88, a decrease of 23.73% compared to ¥8,294,109,901.20 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥148,418,003.01, improving by 53.17% from a loss of ¥316,949,783.14 year-on-year[6] - The net cash flow from operating activities was ¥2,657,816,106.80, a significant turnaround from a negative cash flow of ¥1,985,703,455.63 in the previous year, representing a 235.04% change[6] - The basic and diluted earnings per share were both -¥0.09, a decrease of 65.38% from -¥0.26 in the same period last year[6] - The weighted average return on equity improved to -2.45%, up by 2.07% from -4.52% year-on-year[6] - The estimated cumulative net profit for the period is projected to be between ¥10 million and ¥20 million, representing a growth of 101.31% to 102.62% compared to the previous year[14] - Basic earnings per share are expected to range from ¥0.0063 to ¥0.0125, indicating a growth of 100.98% to 101.95%[14] - The company anticipates a turnaround in profitability due to rising prices of crude oil, urea, refined oil, and polyolefin products[14] Assets and Liabilities - The total assets at the end of the reporting period were ¥29,727,475,796.95, down 3.31% from ¥30,746,672,644.43 at the end of the previous year[6] - The net assets attributable to shareholders decreased by 1.60% to ¥8,436,992,899.15 from ¥8,574,533,910.42 at the end of the previous year[6] - Accounts receivable decreased by 46.51% to ¥350.33 million due to bill cashing during the period[12] - Prepayments increased by 388.77% to ¥1.24 billion primarily due to increased prepayments for crude oil purchases[12] - Other receivables rose by 175.65% to ¥21.64 million mainly from increased prepaid insurance and transportation costs[12] - Accounts payable surged by 206.10% to ¥3.15 billion due to changes in payment methods for crude oil purchases[12] - Deferred income tax assets decreased by 65.95% to ¥40.73 million due to adjustments based on tax basis[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,719[9] - The largest shareholder, Northern Huajin Chemical Group Co., Ltd., held 46.42% of the shares, amounting to 742,398,085 shares[9] Non-Operating Activities - The company reported non-recurring gains and losses totaling ¥59,459,948.02, primarily from debt restructuring gains of ¥48,145,108.32[7] - Operating income from non-operating activities increased by 6737.88% to ¥83.55 million, driven by penalties received and debt restructuring gains[12] Cost Management - Cash paid for purchasing goods and services decreased by 64.05% to ¥3.48 billion, attributed to lower raw material prices and increased payables[12]