*ST新纺(002087) - 2015 Q1 - 季度财报

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 for Q1 2015 was ¥11,839,055.26, down 8.05% from ¥12,875,022.03 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,716,158.32, a decline of 12.08% from ¥7,638,588.65 year-on-year[8] - The net cash flow from operating activities was -¥157,120,043.98, worsening from -¥56,322,294.92 in the same quarter last year[8] - The company's weighted average return on equity was 0.61%, down from 0.68% in the previous year[8] - The income tax expense decreased by 31.70% year-on-year, attributed to tax exemption benefits for the cotton processing subsidiary[15] - 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] Asset Management - 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] - 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] - The company's intangible assets grew by 38.74% due to the completion of a land use right certificate transfer from other non-current assets[15] - The net cash flow from investing activities was -¥34,520,130.51, an improvement from -¥141,771,647.67 in the same period last year[16] - The company holds 600,000 shares of PetroChina Oilfield Services Co., Ltd. as available-for-sale financial assets[23] Market and Operational Developments - The textile market has stabilized since the beginning of 2015, and the benefits from the Xinjiang subsidiary are gradually becoming apparent[21] - The company has obtained land use rights for a plot of 38,968.22 square meters as part of its "retreat to the park" project, which is progressing steadily[17] - The company is in the process of changing the land use of its old factory area of 591.96 acres from industrial to commercial and residential[17] - The company has committed to not engaging in competition with the Xin County Finance Bureau during its operational period, and this commitment is being fulfilled[19]