银星能源(000862) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥213,315,674.14, a decrease of 20.94% compared to ¥269,824,044.23 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was -¥12,454,456.46, representing a decline of 357.15% from ¥4,843,290.97 in the previous year[8]. - The net cash flow from operating activities was ¥1,613,237.79, down 94.35% from ¥28,577,748.81 year-on-year[8]. - Basic earnings per share decreased to -¥0.044, a drop of 357.31% compared to ¥0.0171 in the same period last year[8]. - The total assets at the end of the reporting period were ¥4,714,529,974.42, a decrease of 0.94% from ¥4,759,233,727.79 at the end of the previous year[8]. - The net assets attributable to shareholders of the listed company were ¥169,810,198.10, down 6.83% from ¥182,264,654.56 at the end of the previous year[8]. Market and Competition - The decrease in net profit was primarily due to lower utilization hours of wind turbines and intense competition in the photovoltaic and wind power equipment manufacturing market[16]. - The company has committed to not providing proprietary technology or customer information to competitors in the wind power sector[21]. Restructuring and Strategic Plans - The company is currently undergoing a major asset restructuring, with the stock suspended since May 2, 2013, and the restructuring plan has been approved by the shareholders[17]. - The company is undergoing a significant asset restructuring with China Aluminum Ningxia Energy Group, which has led to a suspension of trading since May 2, 2013[18]. - The restructuring plan was disclosed on February 12, 2014, and the company aims to resolve competition issues in the wind power sector within three years[19]. - The company plans to sell its entire stake in Yinchuan Wind Power Equipment Manufacturing Co., Ltd. to eliminate competition in wind turbine assembly[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 38,378[12]. - The company received government subsidies amounting to ¥2,369,766.65 during the reporting period[9]. Future Outlook - The company has indicated that the cumulative net profit for the period from January to June 2014 may experience significant fluctuations compared to the previous year[22].