泸天化(000912) - 2014 Q1 - 季度财报

Financial Performance - Revenue for the first quarter was ¥789,820,299.33, a decrease of 3.41% compared to ¥817,670,776.18 in the same period last year[8] - Net profit attributable to shareholders was a loss of ¥76,244,205.07, representing a decline of 1,483.33% from a profit of ¥5,511,626.05 in the previous year[8] - Basic and diluted earnings per share were both -¥0.13, down 1,544.44% from ¥0.009 in the same period last year[8] - Net cash flow from operating activities was -¥124,916,568.19, a decrease of 40.78% compared to -¥88,733,020.16 in the previous year[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,573,105,236.88, an increase of 1.62% from ¥13,356,840,579.24 at the end of the previous year[8] - Net assets attributable to shareholders decreased by 4.09% to ¥1,870,310,901.75 from ¥1,950,101,866.08 at the end of the previous year[8] - Other receivables increased by 96.47% compared to the beginning of the year, mainly due to an increase in financing lease deposits[15] - Prepayments increased by 22.43% compared to the beginning of the year, primarily due to an increase in material procurement prepayments[16] Expenses - Management expenses decreased by 30.06% year-on-year, attributed to improved internal management and reduced expenditures[20] - Financial expenses increased by 64.71% year-on-year, mainly due to interest on engineering projects that could not be capitalized[20] Shareholder Information - The company’s controlling shareholder, Sichuan Chemical Holdings Group, holds 54.38% of the company's shares as of the reporting period[25] - The company has committed to maintaining a cash dividend ratio of no less than 50% of the distributable profits for three consecutive years starting from 2005[23] - The cash dividend proposed for the 2005 fiscal year was CNY 0.3 per share, representing 52.10% of the distributable profits[23] - For the 2006 fiscal year, the proposed cash dividend was CNY 0.6 per share, which accounted for 90.10% of the distributable profits[23] - The proposed cash dividend for the 2007 fiscal year was CNY 0.36 per share, representing 50% of the distributable profits[23] Projects and Audits - The company is currently undergoing a project audit for the gasification project with an investment amount of CNY 145 million[27] - The company is in the process of transferring the gasification project to its subsidiary, Sichuan Coal Gasification, pending audit confirmation[27] - The company has been actively engaging with investors regarding project updates, including the PTMEG project and Ningxia fertilizer project[28] Competition and Control - The company has committed to resolving competition issues between Sichuan Chemical and Luzhou Tianhua in a reasonable and effective manner[25] - The company’s actual controller remains unchanged despite the transfer of shares to Sichuan Chemical Holdings Group[25]