东方智造(002175) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥40,890,629.37, representing a 4.25% increase compared to ¥39,222,830.66 in the same period last year[8]. - The net profit attributable to shareholders was ¥1,554,872.44, showing a slight increase of 0.15% from ¥1,552,563.81 year-on-year[8]. - The net profit after deducting non-recurring gains and losses decreased by 31.39% to ¥974,640.02 from ¥1,420,634.36 in the previous year[8]. - The company's weighted average return on equity decreased to 0.29% from 0.58% year-on-year[8]. - The company expects net profit attributable to shareholders for the first half of 2014 to be between 6.12 million and 7.95 million yuan, representing a year-on-year change of 0% to 30%[27]. Cash Flow - The net cash flow from operating activities improved significantly to ¥395,110.55, a 122.93% increase from a negative cash flow of ¥1,723,111.28 in the same period last year[8]. - Net cash flow from operating activities increased by 122.93% year-on-year, primarily due to an increase in cash received from sales[21]. - Net cash flow from financing activities surged by 2318.64% year-on-year, mainly due to an increase in bank borrowings[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥694,641,582.83, up 5.17% from ¥660,486,511.96 at the end of the previous year[8]. - Prepayments increased by 229.06% year-on-year, mainly due to the increase in advance payments for materials during the reporting period[21]. - Other receivables grew by 78.80% year-on-year, primarily due to an increase in inter-company transactions during the reporting period[21]. - Short-term borrowings rose by 33.33% year-on-year, attributed to an increase in bank short-term loans[21]. - Asset impairment losses increased by 61.40% year-on-year, mainly due to an increase in provisions for bad debts[21]. Income and Expenses - The company received non-operating income of ¥580,232.42, primarily from non-current asset disposal gains and government subsidies[9]. - Sales expenses increased by 30.59% year-on-year, mainly due to higher exhibition expenses during the reporting period[21]. - Investment income doubled, increasing by 100% year-on-year, mainly due to interest income from bank financial products[21]. - Financial expenses decreased by 35.11% year-on-year, mainly due to the impact of bank loan interest and exchange rate gains and losses[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,426[11]. - The company obtained approval from the China Securities Regulatory Commission for issuing shares to purchase assets and raise matching funds on April 2, 2014[17]. - The company plans to implement the approved share issuance and asset purchase in accordance with the regulatory requirements and shareholder authorization[17].