华昌化工(002274) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥1,060,372,084.45, representing a 17.74% increase compared to ¥900,618,109.28 in the same period last year[9]. - The net profit attributable to shareholders was -¥8,411,325.29, an improvement of 48.42% from -¥16,307,324.75 in the previous year[9]. - The net cash flow from operating activities reached ¥90,706,179.95, a significant increase of 4,327.1% compared to ¥2,048,886.77 in the same period last year[9]. - The gross profit margin for the reporting period was 7.25%, an increase of 0.39% compared to the same period last year[16]. - The company's main business cost was ¥983,446,799.99, reflecting a 17.24% increase compared to the same period last year[16]. - The weighted average return on net assets improved to -0.45%, up from -1.2% in the previous year[9]. Assets and Investments - The total assets at the end of the reporting period were ¥5,485,229,512.75, up 6.62% from ¥5,144,788,949.97 at the end of the previous year[9]. - The company's construction in progress increased by 27.93% to ¥991,968,021.94, driven by investments in raw material structure adjustment and polyol project construction[15]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,182[12]. Future Outlook - The company expects a net loss of between -20 million to -10 million CNY for the first half of 2014, compared to a net loss of -46.80 million CNY in the same period of 2013[20]. - The decline in performance is attributed to the sluggish market prices of chemical fertilizers, such as ammonium chloride and nitrogen fertilizers, leading to operational losses[20]. - Two projects related to raw material structure adjustment and polyol production are expected to commence production in the second half of the year, which will not positively impact the first half's performance[20]. - The overall economic environment remains uncertain, contributing to the company's anticipated losses[20]. Financing Activities - The net cash flow from financing activities was ¥143,851,072.52, a substantial increase from -¥2,756,239.82 in the previous year, primarily due to a net increase of ¥159,000,000 in borrowings[17].