*ST新纺(002087) - 2015 Q1 - 季度财报(更新)

Financial Performance - The company's operating revenue for Q1 2015 was ¥750,305,726.29, a decrease of 7.89% compared to ¥814,537,651.60 in the same period last year[8] - The net profit attributable to shareholders was ¥11,839,055.26, down 8.05% from ¥12,875,022.03 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥6,716,158.32, reflecting a decline of 12.08% compared to ¥7,638,588.65 in the previous year[8] - The net cash flow from operating activities was -¥157,120,043.98, worsening from -¥56,322,294.92 in the same period last year[8] - The company expects a net profit attributable to shareholders for the first half of 2015 to range from 40.29 million to 48.34 million RMB, representing a growth of 0% to 20% compared to the same period in 2014[21] - The net profit for the first quarter of 2015 was CNY 6,682,062.51, a decrease of 32.3% compared to CNY 9,880,129.93 in the same period last year[40] - The total comprehensive income for the first quarter was CNY 8,000,562.51, compared to CNY 9,940,879.93 in the same period last year[41] Assets and Liabilities - Total assets at the end of the reporting period increased by 5.88% to ¥5,917,368,200.65 from ¥5,588,659,451.33 at the end of the previous year[8] - The company's total assets as of March 31, 2015, amounted to 5.92 billion RMB, an increase from 5.59 billion RMB at the beginning of the year[30] - The company has a total liability of approximately 3.98 billion RMB, an increase from 3.67 billion RMB at the beginning of the year[30] - The total liabilities amount to CNY 3,850,145,243.39, an increase from CNY 3,559,818,270.16[33] Cash Flow - The net cash flow from investment activities improved to -¥34,520,130.51 from -¥141,771,647.67 in the same period last year[16] - The operating cash flow net amount was CNY -157,120,043.98, worsening from CNY -56,322,294.92 year-over-year[44] - The company’s investment activities resulted in a net cash outflow of CNY -34,520,130.51, compared to CNY -141,771,647.67 in the previous year[44] - Cash inflow from financing activities amounted to 765,100,000.00 CNY, an increase from 589,700,000.00 CNY year-over-year[48] - The net cash flow from financing activities was 243,826,869.69 CNY, up from 180,080,980.19 CNY in the same period last year[48] Inventory and Receivables - The company's inventory as of March 31, 2015, was approximately 1.12 billion RMB, up from 985.74 million RMB at the beginning of the year[27] - Other receivables increased by 90.13% compared to the beginning of the year, mainly due to an increase in financing lease deposits of ¥13.6 million[15] Intangible Assets and Tax - The company's intangible assets grew by 38.74% compared to the beginning of the year, attributed to the completion of a land use right certificate transfer[15] - The income tax expense decreased by 31.70% year-on-year, primarily due to tax exemption benefits for the cotton processing subsidiary[15] Shareholder Information - Basic earnings per share for the current period is CNY 0.0228, down from CNY 0.0248 in the previous period[37] - The company reported a basic earnings per share of CNY 0.0129, down from CNY 0.0190 in the previous year[41] Operational Changes - The company is in the process of relocating its old factory site, with 38,968.22 square meters of land use rights already obtained[17] - The company has committed to not engaging in competition with its peers as part of its restructuring commitments, which is currently being fulfilled[19] - The company has seen gradual improvements in the performance of its Xinjiang subsidiary, contributing positively to overall profitability[21] Other Financial Metrics - The company's cash and cash equivalents increased to approximately 604.46 million RMB from 548.42 million RMB[27] - The company's short-term borrowings increased to 1.25 billion RMB from 1.06 billion RMB[29] - The company holds 600,000 shares of PetroChina Oilfield Services Co., valued at approximately 18.24 million RMB[23] - The total operating costs for the current period amount to CNY 742,067,267.89, down from CNY 806,935,712.40 in the previous period[35] - The total non-current assets are CNY 2,852,405,519.35, slightly down from CNY 2,860,933,744.32[32]