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粤宏远(000573) - 2015 Q1 - 季度财报
WINNERWAYWINNERWAY(SZ:000573)2015-04-29 16:00

Financial Performance - The company's operating revenue for Q1 2015 was ¥136,193,190.88, representing a decrease of 24.11% compared to ¥179,469,021.75 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥14,462,016.65, a decline of 277.71% from a profit of ¥8,138,193.00 in the previous year[8] - The net cash flow from operating activities was negative at ¥50,914,036.60, a significant drop of 2,165.51% compared to ¥2,464,956.13 in the same period last year[8] - The basic and diluted earnings per share were both -¥0.0232, down 277.10% from ¥0.0131 in the previous year[8] - Operating profit decreased by 224.29% to -¥14,455,333.18, mainly due to reduced revenue and profit margins from real estate sales[15] - Total profit decreased by 227.77% to -¥15,183,444.75, primarily due to decreased revenue and profit margins from real estate sales[15] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥3,205,824,551.84, a decrease of 3.50% from ¥3,322,087,653.48 at the end of the previous year[8] - The net assets attributable to shareholders were ¥1,580,436,443.60, down 0.91% from ¥1,594,950,446.67 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 65,553[11] - Guangdong Hongyuan Group Co., Ltd. held 16.52% of the shares, with 102,856,241 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] Cash Flow and Receivables - Other receivables increased by 59.27% to ¥93,818,393.67, mainly due to the increase in receivables from the transfer of Yong'an Coal Mine equity[15] - Prepayments decreased by 90.52% to ¥4,291,608.59, primarily due to the recognition of revenue from real estate project handovers[15] - Net cash flow from operating activities decreased by 2165.51% to -¥50,914,036.60, mainly due to reduced revenue from real estate sales[15] Financial Expenses and Income - Financial expenses rose by 76.95% to ¥15,540,052.73, mainly due to increased interest expenses during the period[15] - Investment income increased by 229.54% to ¥1,745,833.38, primarily from the investment income obtained from the transfer of Yong'an Coal Mine equity[15] Coal Mine Operations - The company completed the coal mine reduction and closure indicators as per the "half reduction" principle, successfully closing two coal mines[19] - The company signed a contract to transfer Yong'an Coal Mine's mining rights and 100% equity for ¥30 million, aiding in the coal mine group integration process[19] - The company is actively participating in coal mine mergers and restructuring, with a focus on improving asset utilization efficiency[19] Future Projections - The estimated cumulative net profit for the first half of 2015 is projected to be between 0 and 1,000,000 CNY, a decrease of 46.37% compared to the same period last year when it was 1,864,660 CNY[23] - Basic earnings per share are expected to be between 0 and 0.0161 CNY, reflecting a decline of 46.37% from 0.0299 CNY in the previous year[23] - The significant decline in performance is attributed to adjustments in the real estate industry and seasonal market impacts, leading to reduced sales revenue[23] - The coal business revenue has decreased due to the suspension of production at the Walnut Ping coal mine during its technical reform phase[23]