ECEC(SZ:002140)2015-04-28 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥358,063,006.57, representing a 13.40% increase compared to ¥315,748,604.63 in the same period last year[8] - Net profit attributable to shareholders was ¥24,287,033.22, up 5.22% from ¥23,082,212.35 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥24,468,941.46, reflecting a 9.49% increase from ¥22,347,781.52 in the previous year[8] - Basic earnings per share increased to ¥0.0545, a rise of 5.42% from ¥0.0517 in the previous year[8] - The company confirmed revenue of CNY 91.12 million from a major coal-to-natural gas project, with total recognized revenue of CNY 113.69 million to date[17] - The company is actively pursuing several EPC contracts, with cumulative recognized revenue of CNY 91.94 million from a urea project and CNY 78.58 million from a methanol project[18] - The net profit attributable to shareholders for the first half of 2015 is expected to range from 7,730,000 to 10,629,000 CNY, reflecting a decrease of 20.00% to an increase of 10.00% compared to the same period in 2014[24] - The net profit for the first half of 2014 was 9,662.76 million CNY, indicating potential fluctuations in performance for 2015[24] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥370,799,528.96, a significant decline of 211.36% compared to ¥332,962,003.58 in the same period last year[8] - Net cash flow from operating activities dropped by 211.36% to -CNY 370.80 million, attributed to significant delays in payment from clients and a decrease in cash inflows[15] - Total assets at the end of the reporting period were ¥6,795,673,860.84, down 5.26% from ¥7,173,126,261.75 at the end of the previous year[8] - The net assets attributable to shareholders were ¥1,863,747,588.81, showing a slight increase of 1.32% from ¥1,839,460,555.59 at the end of the previous year[8] - Accounts receivable decreased by 64.34% to CNY 22.41 million, as the company utilized notes for project payments[15] - Other current assets decreased by 37.11% to CNY 11.00 million, due to a reduction in input VAT credits as project revenues were recognized[16] - Accounts payable increased 16.06 times to CNY 99.89 million, reflecting higher payments for project materials and engineering services[16] - Employee compensation payable decreased by 78.89% to CNY 27.06 million, following the distribution of year-end bonuses[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,218[11] - The largest shareholder, Chemical Industry Third Design Institute Co., Ltd., held 59.11% of the shares, totaling 263,653,734 shares[11] Expenses and Income - Operating revenue increased, leading to a 79.95% rise in business tax and additional charges to CNY 3.47 million compared to the same period last year[15] - Sales expenses rose by 106.50% to CNY 4.49 million, primarily due to increased travel and labor costs as the company intensified its business development efforts[15] - Investment income decreased by 57.12% to CNY 1.50 million, mainly due to the previous year's gains from the transfer of equity in a subsidiary[15] Operational Challenges - The company's performance is influenced by various factors including contract inventory, owner funding status, and external economic conditions, leading to potential delays in contract execution[24] - The weighted average return on equity of the company was 1.31%, a decrease of 0.12% from 1.43% in the previous year[8]