GJNY(SZ:000096)2015-04-29 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥253,078,134.32, representing an increase of 18.19% compared to ¥214,129,979.12 in the same period last year[6]. - Net profit attributable to shareholders was ¥138,631,905.33, a significant increase of 709.18% from ¥17,132,320.21 year-on-year[6]. - The basic earnings per share rose to ¥0.2626, up 710.49% from ¥0.0324 in the previous year[6]. - The net cash flow from operating activities increased by 102.08% to ¥71,334,474.52, compared to ¥35,300,976.39 in the same period last year[6]. - Total assets at the end of the reporting period were ¥2,307,188,089.37, reflecting a growth of 13.48% from ¥2,033,060,595.18 at the end of the previous year[6]. - The weighted average return on equity increased by 6.25 percentage points to 7.17% from 0.92% in the previous year[6]. - The company reported a net profit excluding non-recurring items of ¥1,674,769.13, compared to a loss of ¥3,858,067.39 in the same period last year[6]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,293[10]. - The largest shareholder, Shenzhen Guangju Investment Holdings (Group) Co., Ltd., held 55.41% of the shares, totaling 292,571,470 shares[10]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[11]. Cash and Inventory Management - Cash and cash equivalents increased by 34% to 125,114 from 93,335, primarily due to the collection of temporary deposits from Guangju Investment Holding Group and the recovery of funds from the reduction of equity in Shenan Electric[15]. - Inventory surged by 553% to 4,227 from 647, attributed to increased oil product stock at Nanshan Petroleum[15]. - Prepayments increased by 398% to 74 from 15, mainly due to the rise in prepayments at Nanshan Petroleum[15]. - Other current assets increased by 348% to 563 from 126, mainly due to the increase in deductible VAT input[15]. Investment and Equity Changes - Investment income skyrocketed by 1401% to 17,758 from 1,183, mainly due to the gains from the reduction of equity in Shenan Electric[16]. - Long-term equity investments decreased by 28% to 21,346 from 29,654, mainly due to the reduction of equity in Shenan Electric and the recognition of investment losses[15]. - The company plans to reduce its holdings in Shenan Electric by up to 5% of the total share capital by December 31, 2015, having already reduced 30,011,089 shares, representing 4.98% of the total share capital[17]. - The company reduced its holdings in Shenzhen Nanshan Electric, with a cost transfer of CNY 7,239.57 million during the reporting period[23]. - The equity change during the reporting period was CNY -8,277.88 million, indicating a significant reduction in shareholder equity[23]. Expenses and Taxation - Tax expenses surged by 534% to 6,342 from 1,001, primarily due to the corporate income tax provision from the gains on the reduction of equity in Shenan Electric[15]. - The company reported a 30% increase in selling expenses to 1,282 from 983, primarily due to the amortization of the MZ Guangju gas station contracting fees[15]. Corporate Activities - The company engaged in multiple institutional research activities, focusing on its main business operations and investment project progress[25]. - The chairman of the company, Zhang Guiquan, presented the first quarter report on March 11, 2015, highlighting key operational insights[26]. - There were no derivative investments during the reporting period, indicating a conservative investment strategy[24].