东华能源(002221) - 2014 Q1 - 季度财报(更新)

Financial Performance - The company's operating revenue for Q1 2014 was ¥2,569,522,835.72, an increase of 85.77% compared to ¥1,383,209,931.26 in the same period last year[8]. - Net profit attributable to shareholders was ¥10,715,037.42, up 78.78% from ¥5,993,487.69 year-on-year[8]. - Basic earnings per share rose to ¥0.0183, a 79.41% increase compared to ¥0.0102 in the same period last year[8]. - The company's operating revenue increased by ¥118,631.29 million, a growth of 85.77% year-on-year, primarily due to a significant increase in business volume[23]. - Operating costs rose by ¥115,740.26 million, reflecting an increase of 87.20% year-on-year, also attributed to the substantial growth in business volume[24]. - The company reported a total profit of CNY 18,288,162.50 for Q1 2014, compared to CNY 8,412,744.52 in the previous year, representing an increase of about 117%[53]. - The company reported a decrease in short-term borrowings to approximately 2.66 billion RMB from 3.05 billion RMB, indicating a reduction in leverage[42]. Cash Flow - The net cash flow from operating activities reached ¥982,453,934.28, representing a 91.06% increase from ¥514,224,419.42 in the previous year[8]. - The net cash flow from operating activities for the first quarter was ¥982,453,934.28, an increase from ¥514,224,419.42 in the previous period, representing a growth of approximately 91%[59]. - Total cash inflow from financing activities was ¥1,006,194,742.03, while cash outflow was ¥1,311,413,166.98, resulting in a net cash flow of -¥305,218,424.95, compared to a positive net cash flow of ¥87,732,076.57 in the previous period[61]. - The total cash inflow from operating activities was ¥2,765,929,493.41, while cash outflow was ¥1,783,475,559.13, leading to a net cash flow of ¥982,453,934.28[59]. - The cash inflow from sales of goods and services was ¥214,581,623.00, with total cash inflow from operating activities reaching ¥929,903,743.86[63]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,269,513,269.62, up 7.45% from ¥7,696,465,380.49 at the end of the previous year[8]. - Total current assets at the end of the reporting period amount to 4.87 billion RMB, an increase from 4.78 billion RMB at the beginning of the period[39]. - Total liabilities at the end of the reporting period are 6.27 billion RMB, up from 5.70 billion RMB[42]. - The company's total assets increased to approximately 8.27 billion RMB from 7.70 billion RMB[42]. - The equity attributable to shareholders increased slightly to approximately 1.55 billion RMB from 1.54 billion RMB[42]. Receivables and Inventory - Accounts receivable increased by ¥356,826,300, a growth of 116.10%, mainly due to increased credit sales during the period[17]. - Inventory decreased by ¥1,055,318,700, down 70.61%, primarily due to sales of inventory during the period[20]. - Accounts receivable rose to approximately 664.17 million RMB from 307.34 million RMB, indicating a significant increase in credit sales[39]. - Inventory decreased to approximately 439.15 million RMB from 1.49 billion RMB, reflecting improved inventory management[39]. Investments and Projects - The fair value change income increased by ¥476.79 million, a remarkable growth of 4080.50% year-on-year, mainly from investment gains in liquefied petroleum gas cost hedging activities[24]. - Investment income rose by ¥238.50 million, an increase of 194.47% year-on-year, attributed to the same liquefied petroleum gas cost hedging activities[24]. - The company is actively progressing with the Zhangjiagang propane dehydrogenation and polypropylene project, which is currently in the equipment installation phase and is expected to be completed by the end of June 2014[28]. Future Outlook - The net profit attributable to shareholders for the first half of 2014 is expected to increase by 50% to 100%, ranging from 36.81 million to 49.08 million RMB, compared to 24.54 million RMB in the same period of 2013[34]. - The fluctuation in international oil prices, domestic energy policies, and market demand trends are noted as factors that may impact the accuracy of the performance forecast[34].