CRUN(SZ:002272)2014-04-25 16:00Revenue Performance - Revenue for the first quarter reached ¥201,612,469.37, representing a 53.97% increase compared to ¥130,943,386.94 in the same period last year[9] - Cash received from sales of goods and services increased by 44.57% year-on-year, driven by the growth in operating revenue[19] Profitability - Net profit attributable to shareholders decreased by 52.19% to ¥4,518,075.77 from ¥9,449,298.40 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥2,269,063.17, a significant turnaround from a loss of ¥6,953,310.24 in the previous year, marking a 132.63% improvement[9] - Operating profit increased by 124.90% year-on-year, mainly due to the growth in sales revenue[18] - Total profit decreased by 64.71% year-on-year, primarily due to a significant decline in non-operating income[18] - Net profit decreased by 52.19% year-on-year, attributed to the decline in total profit[18] - Basic and diluted earnings per share both decreased by 50.00% to ¥0.01 from ¥0.02 year-on-year[9] Cash Flow - Operating cash flow improved dramatically, with a net cash flow from operating activities of ¥10,400,116.20, compared to a negative cash flow of ¥9,731,005.03 last year, reflecting a 206.88% increase[9] - Cash paid for purchasing goods and services increased by 92.24% year-on-year, reflecting the rise in operating costs due to increased revenue[19] Assets and Liabilities - Total assets increased by 2.45% to ¥2,023,786,711.07 from ¥1,975,378,467.14 at the end of the previous year[9] - The company reported a 51.85% increase in other receivables, primarily due to an increase in bid guarantee deposits[16] - The company experienced a 44.64% decrease in construction in progress, attributed to the transfer of construction projects to fixed assets during the reporting period[16] - The company’s financial expenses increased by 63.50% due to an increase in short-term borrowings during the reporting period[17] - Asset impairment losses surged by 556.99%, driven by an increase in accounts receivable and other receivables, leading to higher bad debt provisions[17] Orders and Future Expectations - New orders totaled 268.62 million yuan, a year-on-year decrease of 12.39%, with hydraulic lubricants orders increasing by 53.94%[22] - The company expects net profit attributable to shareholders for the first half of 2014 to be between 412.68 million yuan and 550.24 million yuan, representing a significant increase compared to 275.12 million yuan in the same period of 2013[25]