江特电机(002176) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥183,738,631.98, representing a 27.79% increase compared to ¥143,781,578.35 in the same period last year[8] - The net profit attributable to shareholders was ¥12,033,869.72, up 10.23% from ¥10,917,449.37 year-on-year[8] - The net profit after deducting non-recurring gains and losses surged by 90.12% to ¥10,862,410.53 from ¥5,713,550.99 in the previous year[8] - The basic earnings per share rose to ¥0.028, a 7.69% increase from ¥0.026 in the same period last year[8] - The diluted earnings per share also increased to ¥0.028, reflecting the same growth rate of 7.69%[8] - The weighted average return on equity was 1.34%, slightly up from 1.3% in the previous year[8] Cash Flow - The net cash flow from operating activities was negative at -¥21,284,050.32, a decline of 178.28% compared to -¥7,648,448.87 in the same period last year[8] - Net cash flow from operating activities decreased by 178.28% compared to the same period last year, primarily due to a reduction in government subsidy income and an increase in bank acceptance bill guarantees[17] - The company reported a 595.13% increase in net cash flow from financing activities compared to the same period last year, primarily due to increased financing during the reporting period[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,633,112,059.91, an increase of 3.14% from ¥1,583,372,823.48 at the end of the previous year[8] - The net assets attributable to shareholders increased by 2.55% to ¥916,356,667.57 from ¥893,530,140.49 at the end of the previous year[8] - Accounts receivable decreased by 38.85% compared to the beginning of the year, mainly due to an increase in payment settlements using notes during the reporting period[17] - Prepayments increased by 104.97% compared to the beginning of the year, primarily due to increased prepayments for key raw materials[17] - Other receivables increased by 82.42% compared to the beginning of the year, mainly due to an increase in tender deposits and employee advances[17] - Construction in progress increased by 50.67% compared to the beginning of the year, primarily due to the addition of new engineering projects during the reporting period[17] - Financial expenses increased by 84.17% compared to the same period last year, mainly due to an increase in working capital loans during the reporting period[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,235[11] Future Outlook - The company expects net profit attributable to shareholders for the first half of 2014 to increase by 0% to 30%, with an estimated range of 30.50 million to 39.65 million yuan[22] Corporate Actions - The company announced a non-public stock issuance plan, which is currently under review by the China Securities Regulatory Commission[18] - The company is in the process of handling the first exercise of stock options, which has entered the exercise period[18]