方正电机(002196) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥126,591,284.71, representing a 5% increase compared to ¥120,565,251.26 in the same period last year[8]. - Net profit attributable to shareholders decreased by 70.42% to ¥1,629,138.25 from ¥5,506,735.68 year-on-year[8]. - The net profit after deducting non-recurring gains and losses fell by 87.02% to ¥701,757.26 from ¥5,406,029.86 in the previous year[8]. - Basic and diluted earnings per share decreased by 70.46% to ¥0.0109 from ¥0.0369 year-on-year[8]. - The expected net profit attributable to shareholders for the first half of 2014 is projected to decrease by 30% to 50%, with a range of 2.15 million to 3.01 million yuan[22]. Cash Flow - The net cash flow from operating activities was negative at -¥10,672,091.48, a decline of 154.52% compared to ¥19,575,816.25 in the same period last year[8]. - Net cash flow from operating activities decreased by 154.52% year-on-year, mainly due to increased repayments of accounts payable and cash payments for goods[19]. - Investment cash inflows increased by 815.85% year-on-year, mainly due to the redemption of maturing financial products[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥897,676,688.33, a decrease of 0.6% from ¥903,119,007.24 at the end of the previous year[8]. - Other receivables increased by 37.18% compared to the beginning of the year, mainly due to an increase in employee travel advances[17]. - Accounts payable decreased by 42.17% compared to the beginning of the year, mainly due to repayments during the period[19]. - Prepayments increased by 85.88% year-on-year, primarily due to increased advance payments for material purchases[19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,214[12]. - The top ten shareholders held a combined 84.23% of the shares, with the largest shareholder holding 24.56%[12]. Investments and Expenses - Long-term equity investments increased by 375% compared to the beginning of the year, mainly due to increased external investments during the period[19]. - Construction in progress grew by 89.14% year-on-year, primarily due to increased payments for engineering investments[19]. - Operating costs increased by 10.07% year-on-year, mainly due to rising production costs[19]. - Management expenses increased by 10.39% year-on-year, primarily due to increased employee compensation and benefits[19]. - Financial expenses decreased by 70.76% year-on-year, mainly due to the depreciation of the RMB and increased exchange gains[19]. Corporate Actions - The company announced a draft report for issuing shares to purchase assets, with the application accepted by the China Securities Regulatory Commission on April 14, 2014[17].