广东建工(002060) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was CNY 1,373,141,981.58, representing a 0.43% increase compared to CNY 1,367,327,536.26 in the same period last year[8] - Net profit attributable to shareholders was CNY 17,021,262.62, reflecting a 12.06% increase from CNY 15,189,668.46 year-on-year[8] - The net cash flow from operating activities improved significantly, reaching CNY 7,896,834.60, a 103.41% increase from a negative cash flow of CNY -231,651,861.33 in the previous year[8] - Total assets at the end of the reporting period amounted to CNY 11,426,599,166.58, up 2.98% from CNY 11,095,976,979.25 at the end of the previous year[8] - The weighted average return on net assets increased to 0.69%, up from 0.63% in the same period last year[8] Shareholder Information - The number of shareholders at the end of the reporting period was 55,415, with the largest shareholder, Guangdong Water Power Group, holding 34.53% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[13] - The company repurchased 1,346,650 shares, accounting for 0.22% of the total share capital, as part of its first share repurchase plan[18] - The company terminated the second phase of its share repurchase plan due to high debt levels and the need for funding in clean energy investments[18] Financial Liabilities and Assets - Financial expenses increased by 170.26% year-on-year, primarily due to increased interest expenses from higher borrowing balances[16] - Investment income decreased by 99.76% compared to the previous year, attributed to lower returns from BT investment projects and joint ventures[16] - Accounts receivable decreased by 72.33% compared to the end of the previous year, primarily due to the acceptance of matured notes[20] - Tax payable increased by 39.98% compared to the end of the previous year, mainly due to the growth in value-added tax[20] - Interest payable decreased by 82.80% compared to the end of the previous year, primarily due to the payment of bond interest during the period[20] - Non-current liabilities due within one year decreased by 61.14% compared to the end of the previous year, mainly due to the payment of maturing liabilities[20] Future Expectations and Projects - The company expects a net profit attributable to shareholders for the first half of 2014 to be between 38.78 million yuan and 50.42 million yuan, representing a growth of 0% to 30%[23] - The company has undertaken new engineering tasks worth 1.164 billion yuan during the reporting period[21] - The company is currently in the commissioning phase for the second phase of the wind power project in Buerjin County, Xinjiang[21] Cash Flow and Operations - Operating cash flow from construction activities increased, contributing to the overall improvement in cash flow from operating activities[17] - The company has approved a public bond issuance of up to 940 million yuan, with the first phase of 470 million yuan issued at a coupon rate of 5.50%[18]