HEC(SZ:000886)2015-04-24 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥50,345,084.50, representing a 23.04% increase compared to ¥40,918,129.52 in the same period last year[9] - The net profit attributable to shareholders decreased by 8.51% to ¥23,230,575.04 from ¥25,390,808.93 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 45.85% to ¥23,046,444.98 from ¥15,801,373.36 in the previous year[9] - The basic earnings per share decreased by 11.54% to ¥0.023 from ¥0.026 in the same period last year[9] - The diluted earnings per share also decreased by 11.54% to ¥0.023 from ¥0.026 year-on-year[9] - The weighted average return on equity was 0.84%, down from 0.92% in the previous year[9] - Operating revenue increased by 23.04% to ¥50,345,084.50, driven by an increase in highway investment compensation income[17] - Operating profit surged to ¥28,435,252.52, up from ¥17,928,532.73, marking an increase of approximately 58.5%[39] - Net profit decreased to ¥23,227,258.89 from ¥25,389,265.62, reflecting a decline of about 8.5% year-over-year[40] - Earnings per share (EPS) remained stable at ¥0.023, unchanged from the previous period[40] Cash Flow and Liquidity - The net cash flow from operating activities improved by 34.75%, reaching -¥78,128,544.73 compared to -¥119,745,306.97 in the same period last year[9] - Cash and cash equivalents decreased by 24.51% to ¥455,247,753.45 due to investments in short-term financial products and payments for real estate project costs[16] - The net increase in cash and cash equivalents was -¥70,531,614.97, a decline of 223.98% compared to the previous year[17] - Cash flow from operating activities totaled ¥100,940,229.52, compared to ¥82,597,980.03, indicating an increase of approximately 22.1%[46] - The company reported a net cash outflow from operating activities of ¥78,128,544.73, an improvement from a larger outflow of ¥119,745,306.97 in the previous period[46] - The total cash and cash equivalents at the end of the period were 353,472,718.85 CNY, down from 662,495,886.63 CNY in the previous period[50] - Cash and cash equivalents decreased by 180,432,985.89 CNY during the period, compared to a decrease of 41,908,216.19 CNY in the previous period[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,235,542,533.81, a decrease of 0.93% from ¥3,265,783,729.88 at the end of the previous year[9] - The net assets attributable to shareholders increased by 0.83% to ¥2,762,690,550.05 from ¥2,739,826,849.79 at the end of the previous year[9] - Total liabilities decreased from ¥515,065,507.51 to ¥461,963,927.33, a reduction of about 10.3%[31] - Current liabilities decreased from ¥510,565,123.60 to ¥457,006,119.46, a decline of approximately 10.5%[31] - Total equity increased from ¥2,750,718,222.37 to ¥2,773,578,606.48, an increase of about 0.83%[32] - The company's retained earnings increased from ¥446,791,673.06 to ¥470,022,248.10, an increase of approximately 5.2%[32] Investments and Projects - The company completed investments of ¥35,770,000 in the "Ruihai Water City" project, with a cumulative investment of approximately ¥92,885,000 and a net profit of ¥10,787,000[18] - The "Chenghu Qiyuan" project achieved cumulative sales revenue of approximately ¥14,352,000 and a net profit of approximately ¥4,348,000[18] - The company plans to continue rolling development of the "Dongpo Yaju" project, with a total planned investment of ¥32,035,380.00[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 118,894[12] - The company has committed to ensuring fair and just related transactions to protect the interests of minority shareholders[21] Financial Expenses and Management - The company reported a decrease in financial expenses by 18.80% due to increased interest income from deposits[17] - Management expenses decreased to ¥16,253,970.13 from ¥16,563,007.01, a reduction of about 1.9%[39] Audit and Reporting - The company did not undergo an audit for the first quarter report[51] - The report was presented by the Chairman, Zeng Guohua, on April 23, 2015[52]