瑞泰科技(002066) - 2015 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2015 was ¥481,484,200.45, a decrease of 2.53% compared to ¥493,985,238.04 in the same period last year[8] - Net profit attributable to shareholders was ¥4,270,674.17, down 19.41% from ¥5,299,008.97 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥3,211,693.44, a decline of 29.28% compared to ¥4,541,373.39 in the previous year[8] - The net profit attributable to shareholders for the first half of 2015 is expected to be between 3.8 million and 5.3 million RMB, representing a decrease of 30% to 50% compared to 7.52 million RMB in the same period of 2014[20] - The decline in performance is attributed to the poor market conditions in the glass industry, leading to insufficient orders in the refractory materials business and low capacity utilization[20] Cash Flow and Assets - The net cash flow from operating activities improved to -¥12,877,805.13, a 76.28% increase from -¥54,300,062.56 in the same period last year[8] - Total assets increased by 5.04% to ¥3,422,038,115.94 from ¥3,257,827,058.98 at the end of the previous year[8] Accounts and Receivables - Accounts receivable decreased by 36.00% to ¥16,744.44 million, primarily due to increased payments for materials during the peak maintenance season[16] - Prepaid accounts increased by 36.76% to ¥9,876.83 million, attributed to higher material purchases during the maintenance season[17] - The company reported a 105.96% increase in advance receipts to ¥8,770.26 million, driven by increased customer prepayments for contracts signed in Q1[17] - The total accounts receivable have been increasing, resulting in higher impairment provisions[20] Liabilities - Interest payable rose by 78.85% to ¥1,040.64 million, mainly due to interest accrued on short-term financing notes and loans[17] Return on Equity - The weighted average return on equity decreased to 0.95% from 1.19% year-on-year[8]