华东数控(002248) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥57,160,188.40, representing a 10.87% increase compared to ¥51,557,347.88 in Q1 2013[7] - The net profit attributable to shareholders was -¥24,727,615.91, a 24.73% increase in losses compared to -¥19,825,674.09 in the same period last year[7] - The net cash flow from operating activities decreased by 93.23% to ¥1,430,205.81 from ¥21,121,760.03 in Q1 2013[7] - The total assets as of March 31, 2014, were ¥2,666,216,879.65, a decrease of 0.99% from ¥2,692,955,766.11 at the end of Q1 2013[7] - The net assets attributable to shareholders increased by 37.31% to ¥1,030,680,955.13 from ¥750,617,934.68 year-on-year[7] Expenses and Income - The company reported a significant increase in sales expenses, which rose by 30.79% to ¥4,450,700 from the previous year, primarily due to increased wages and travel expenses[15] - The company experienced a 43.89% increase in non-operating income, totaling ¥776,600, driven by gains from the disposal of non-current assets[15] - The company’s undistributed profits decreased by 49.74% to -¥74,446,000, attributed to a downturn in the domestic and international machine tool industry[17] Cash Flow and Investments - The net cash flow from investment activities for the reporting period was -2.5789 million yuan, an increase of 11.1470 million yuan compared to the same period last year, which was -13.7259 million yuan[18] - The cash received from the disposal of fixed assets, intangible assets, and other long-term assets was 172,800 yuan, a significant increase of 14.67 million yuan, representing a growth of 562% year-on-year[18] - The net cash flow from financing activities was -257,800 yuan, an increase of 14.9728 million yuan year-on-year, with a growth rate of 98.31%[18] - The company received 305 million yuan from non-public stock issuance during the reporting period, which was not present in the same period last year[18] - The company reported a significant decrease of 79.99% in cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets, totaling 2.7517 million yuan[18] Future Outlook and Commitments - The company expects a net loss of 45 million yuan for the first half of 2014, compared to a net loss of 29.177 million yuan in the same period of 2013[23] - The company has agreed to return 1,112.9 acres of state-owned construction land and related buildings, receiving compensation of 249.2196 million yuan[20] - The company has not yet commenced construction of the "High-end Equipment Special Basic Component Manufacturing Project" in Rushan City due to ongoing industry downturn and funding constraints[20] - The company has committed to not engage in any business that competes with its main operations for a period of three years following the non-public issuance of shares completed on March 4, 2014[22] Related Party Transactions - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[24]