泰山石油(000554) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2014 was CNY 948,765,264.60, an increase of 7.13% compared to CNY 885,655,343.76 in the same period last year[8] - Net profit attributable to shareholders was CNY 1,796,718.28, a decrease of 48.48% from CNY 3,487,083.50 year-on-year[8] - Net profit excluding non-recurring gains and losses was CNY 1,799,271.58, down 63.3% from CNY 4,902,482.09 in the previous year[8] - Basic and diluted earnings per share were both CNY 0.0035, down 52.05% from CNY 0.0073 in the same period last year[8] - Net profit decreased by 45.01% to 1,917,185.21 yuan compared to 3,486,109.30 yuan in the same period last year, primarily due to a decrease in total profit[16] Cash Flow and Assets - Net cash flow from operating activities was negative CNY 7,724,654.57, a decline of 156.93% compared to CNY 13,569,518.30 last year[8] - Total assets at the end of the reporting period were CNY 1,131,355,922.58, an increase of 0.37% from CNY 1,127,209,893.23 at the end of the previous year[8] - Net assets attributable to shareholders were CNY 909,303,431.37, up 0.2% from CNY 907,506,713.10 at the end of the previous year[8] Expenses - Sales expenses increased by 58.42% to CNY 41,963,396.06 compared to CNY 26,488,975.47 in the same period last year, mainly due to increased labor and asset costs[15] - Management expenses decreased by 43.60% to CNY 5,698,324.28 from CNY 10,103,740.18 year-on-year, primarily due to reduced labor costs[15] - Financial expenses increased by 95.25% to 98,723.02 yuan compared to the same period last year, primarily due to increased bank fees[16] - Non-operating expenses decreased by 99.06% to 13,375 yuan compared to 1,416,820.23 yuan in the same period last year, mainly due to one-time housing subsidies paid to retirees in the prior period[16] - Income tax expenses decreased by 54.48% to 801,002.73 yuan compared to 1,759,725.47 yuan in the same period last year, due to a reduction in current tax expenses[16] Accounts and Investments - Accounts receivable increased by 1,340.3% to CNY 41,403,362.52 from CNY 3,000,000 at the beginning of the year, mainly due to an increase in receivables from refined oil sales[15] - Investment income decreased 5.72 times to -353,543.94 yuan compared to -52,562.44 yuan in the same period last year, mainly due to losses from investment units[16] Other Income - Non-operating income increased 4.7 times to 10,821.70 yuan compared to 1,895.52 yuan in the same period last year, primarily due to increased penalties and confiscated gains[16] - Asset impairment losses decreased by 100% to 0 yuan compared to 174,890.67 yuan in the same period last year, due to prior period provisions[16]