WBDE(SZ:002082)2014-04-28 16:00Revenue and Profit - Revenue for Q1 2014 was ¥2,451,825,172.37, a decrease of 12.55% compared to ¥2,803,809,082.95 in the same period last year[9] - Net profit attributable to shareholders was ¥20,400,286.12, an increase of 39.37% from ¥14,637,834.87 year-on-year[9] - The net profit attributable to shareholders for the first half of 2014 is expected to be between 53.49 million and 68.78 million RMB, representing a growth of 5% to 35% compared to 2013[21] - The net profit for the first half of 2013 was 50.95 million RMB, indicating a significant increase in performance for 2014[21] - Net profit for Q1 2014 reached ¥21,027,889.99, an increase of 36.8% from ¥15,361,763.45 in Q1 2013[35] - The total profit for the first quarter was CNY 29,223,281.23, an increase from CNY 21,320,013.29 in the previous period, representing a growth of approximately 37.5%[38] - The net profit for the first quarter reached CNY 25,961,316.09, compared to CNY 18,221,398.87 in the same period last year, marking an increase of about 42.5%[38] Earnings Per Share - Basic earnings per share increased by 50.00% to ¥0.09 from ¥0.06 in the same period last year[9] - Earnings per share for Q1 2014 were ¥0.09, compared to ¥0.06 in the same quarter of the previous year[35] - Basic and diluted earnings per share both improved to CNY 0.11 from CNY 0.08, reflecting a growth of 37.5%[38] Cash Flow and Liquidity - Net cash flow from operating activities improved by 31.05%, reaching -¥45,974,141.99 compared to -¥66,682,242.90 in the previous year[9] - Operating cash inflow totaled CNY 2,861,741,943.43, down from CNY 3,142,964,227.00, indicating a decrease of approximately 8.9%[39] - Cash and cash equivalents decreased from approximately 280.94 million RMB to 210.89 million RMB[26] - Cash and cash equivalents decreased to ¥156,173,491.63 from ¥233,102,560.99 year-on-year, a decline of 33%[31] - Cash and cash equivalents at the end of the period were CNY 205,890,808.88, compared to CNY 191,468,918.82 at the end of the previous period, showing an increase of about 7.5%[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,566,411,774.67, reflecting a 1.13% increase from ¥1,548,958,988.90 at the end of the previous year[9] - Total assets as of the end of Q1 2014 amounted to ¥1,101,401,762.57, up from ¥1,066,885,749.65 at the end of Q1 2013[32] - Total liabilities for Q1 2014 were ¥124,038,459.31, an increase from ¥115,483,762.48 in the previous year[32] - Shareholders' equity totaled ¥977,363,303.26 in Q1 2014, compared to ¥951,401,987.17 in Q1 2013, reflecting a growth of 2.7%[32] Operational Performance - Total operating revenue for Q1 2014 was ¥2,451,825,172.37, a decrease of 12.5% compared to ¥2,803,809,082.95 in the same period last year[33] - Total operating costs for Q1 2014 were ¥2,428,550,063.58, down 12.8% from ¥2,785,555,201.47 year-on-year[33] - Operating expenses decreased by 108.80% due to reduced bank borrowings during the reporting period[17] - Government subsidies recognized in the current period increased by 119.10%, contributing to higher operating income[17] Investments and Receivables - Accounts receivable increased by 112.20% compared to the beginning of the period, primarily due to higher sales collections at the end of the previous year[17] - Long-term equity investments grew by 400.00% due to a new investment of ¥4 million in Huzhou Wuxing Yongbang Private Fund Management Co., Ltd.[17] - Accounts receivable increased significantly from approximately 84.57 million RMB to 179.45 million RMB[26] - Accounts receivable increased significantly to ¥97,957,183.40 from ¥33,013,018.90, indicating a rise of 196%[31] Inventory and Prepayments - Inventory decreased slightly from approximately 288.93 million RMB to 274.41 million RMB[26] - Inventory decreased to ¥144,796,568.42 from ¥162,306,396.97, a reduction of 10.8%[31] - Prepayments increased by 288.94%, attributed to un-settled payments to suppliers at the end of the period[17] Dividend Policy - The company has committed to a three-year dividend return plan from 2012 to 2014, ensuring shareholder returns[21]