SED(SZ:000032)2015-04-27 16:00Financial Performance - Operating revenue for Q1 2015 was CNY 289,650,832.56, a decrease of 16.14% compared to CNY 345,399,360.34 in the same period last year[8]. - Net profit attributable to shareholders was CNY 485,535.77, an increase of CNY 5,632,907.43 from a net loss of CNY 5,147,371.66 in the previous year[8]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 237,172.04, up CNY 5,597,417.25 from a loss of CNY 5,360,245.21 in the same period last year[8]. - Basic and diluted earnings per share were both CNY 0.002, an increase of CNY 0.024 from CNY -0.022 in the same period last year[8]. - Operating profit, total profit, and net profit increased by 3.44 million, 3.45 million, and 4.29 million respectively compared to the same period last year, attributed to improved loss conditions of subsidiary industrial enterprises[15]. Cash Flow - The net cash flow from operating activities was CNY -17,492,161.93, a decrease of 2,078.35% compared to CNY 884,179.05 in the previous year[8]. - Net cash flow from operating activities decreased by 18.38 million compared to the same period last year, primarily due to lower export tax rebates received[16]. - Net cash flow from investing activities decreased by 5.34 million year-on-year, mainly due to increased expenditures on fixed asset purchases[16]. Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 1,352,460,812.49, a decrease of 5.04% from CNY 1,424,272,124.09 at the end of the previous year[8]. - Net assets attributable to shareholders at the end of the reporting period were CNY 891,980,410.52, a slight increase of 0.05% from CNY 891,535,849.33 at the end of the previous year[8]. - The total number of ordinary shareholders at the end of the reporting period was 15,526[11]. - The largest shareholder, China Electric International Information Service Co., Ltd., held 42.02% of the shares, totaling 97,849,865 shares[11]. - The company reported no significant changes in shareholder relationships or agreements for repurchase transactions during the reporting period[12]. Accounts Management - Accounts receivable decreased by 36.95% compared to the beginning of the year, mainly due to the maturity of accepted bills and cash recovery[15]. - Prepayments decreased by 55.81% compared to the beginning of the year, primarily due to accelerated settlement of prepaid goods[15]. - The company emphasizes the importance of managing accounts receivable to prevent overdue payments, which could lead to foreign exchange settlement delays[29]. Financial Strategy and Risk Management - Financial expenses decreased by 1024.25% year-on-year, mainly due to increased deposit balances and interest income, as well as foreign exchange gains from RMB fluctuations[15]. - The company has committed to prevent fund occupation and ensure risk control measures are in place, with ongoing compliance[22]. - The company reported a total investment of 795.47 million in foreign exchange forward contracts, with no impairment losses recorded during the reporting period[28]. - The company confirmed a slight loss due to fluctuations in the RMB to USD exchange rate, with the loss amount being minimal[29]. - The company has established a comprehensive internal control system for foreign exchange forward transactions, ensuring effective risk management measures are in place[29]. Corporate Actions - The company signed a share transfer agreement to transfer 100% equity of its subsidiary for a net asset price of 15.8738 million[20]. - The company decided to implement a management agreement with its subsidiary to enhance operational efficiency[21]. - The company is actively promoting a major asset restructuring, with the State-owned Assets Supervision and Administration Commission's filing already completed[21]. - The company conducted discussions with investors regarding recent operational performance and significant asset restructuring progress during the reporting period[30].