WBDE(SZ:002082)2015-04-27 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥2,003,541,211.32, a decrease of 18.28% compared to ¥2,451,825,172.37 in the same period last year[9] - Net profit attributable to shareholders was ¥10,320,575.01, down 49.41% from ¥20,400,286.12 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥9,035,285.63, reflecting a decline of 52.49% compared to ¥19,019,510.70 in the previous year[9] - Basic and diluted earnings per share were both ¥0.04, down 55.56% from ¥0.09 in the previous year[9] - Operating profit decreased to ¥11,225,627.08, a decline of 51.9% compared to ¥23,275,108.79 in the previous period[37] - Net profit for the current period is ¥11,192,825.12, down 46.8% from ¥21,027,889.99 in the previous period[38] - Total profit for the current period is ¥12,282,757.15, a decrease of 50.1% from ¥24,592,641.51 in the previous period[37] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of only ¥1,121,596.52, compared to a net outflow of ¥45,974,141.99 in the same period last year, marking a 97.56% improvement[9] - Cash flow from operating activities decreased to ¥2,328,479,160.90, down 18.4% from ¥2,856,020,495.81 in the previous period[44] - The net cash flow from operating activities was -1,121,596.52 CNY, compared to -45,974,141.99 CNY in the previous period, indicating a significant improvement[45] - The cash flow from financing activities showed a net outflow of -10,234,826.25 CNY, compared to -17,298,555.77 CNY in the previous period[46] - The net cash flow from investing activities decreased by 769.87% year-on-year, primarily due to the purchase of financial products during the period[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,541,963,488.73, a slight decrease of 0.58% from ¥1,551,026,997.40 at the end of the previous year[9] - The total current assets decreased slightly from CNY 1,021,234,296.79 to CNY 1,018,213,474.05, a decline of approximately 0.2%[28] - Total liabilities decreased from CNY 254,691,168.37 to CNY 240,314,834.58, a decline of approximately 5.6%[30] - The company's total assets decreased from CNY 1,551,026,997.40 to CNY 1,541,963,488.73, a decline of approximately 0.6%[31] - The non-current assets totaled CNY 523,750,014.68, down from CNY 529,792,700.61, a decrease of about 1.2%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,865[13] - The top shareholder, Lu Zhibao, held 18.88% of the shares, amounting to 44,943,360 shares, with 33,707,520 shares under lock-up conditions[13] - The net assets attributable to shareholders increased by 0.80% to ¥1,296,060,173.52 from ¥1,285,739,598.51 at the end of the previous year[9] - The total equity attributable to shareholders increased from CNY 1,285,739,598.51 to CNY 1,296,060,173.52, reflecting a growth of about 0.9%[31] Operational Efficiency - Sales expenses decreased by 40.23% year-on-year, mainly due to a reduction in the alumina business and corresponding freight costs[17] - Financial expenses decreased by 40.53% year-on-year, primarily due to a reduction in bank loan scale and corresponding interest expenses[17] - Accounts receivable increased by 136.50% compared to the beginning of the period, mainly due to higher collections at the end of the previous year resulting in a lower balance[17] - Inventory decreased from CNY 355,841,340.01 to CNY 276,279,621.66, a reduction of about 22.3%[28] Future Projections - The expected net profit attributable to shareholders for the first half of 2015 is projected to range from 37.90 million to 54.15 million yuan, representing a decrease of 30.00% to 0.00% compared to the same period in 2014[22] - The decline in gross profit margin is attributed to the continued downturn in the real estate market and intensified industry competition[22]