森源电气(002358) - 2015 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2015 was ¥293,299,254.78, representing a 5.70% increase compared to ¥277,475,900.84 in the same period last year[8]. - Net profit attributable to shareholders decreased by 36.07% to ¥32,855,758.55 from ¥51,390,849.20 year-on-year[8]. - The net profit after deducting non-recurring gains and losses fell by 40.03% to ¥30,863,137.49 compared to ¥51,460,705.64 in the previous year[8]. - Basic and diluted earnings per share decreased by 38.46% to ¥0.08 from ¥0.13 year-on-year[8]. - The weighted average return on equity was 1.56%, down from 3.48% in the previous year, a decrease of 1.92%[8]. - The company expects a net profit attributable to shareholders for the first half of 2015 to be between CNY 0 and CNY 169.8375 million, representing a growth of 0% to 30% compared to the same period in 2014[23]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥8,416,518.08, an improvement of 92.05% from -¥105,814,496.59 in the same period last year[8]. - Total assets at the end of the reporting period were ¥3,996,919,315.51, a 3.11% increase from ¥3,876,284,960.75 at the end of the previous year[8]. - Net assets attributable to shareholders increased by 1.58% to ¥2,116,165,026.17 from ¥2,083,309,267.62 at the end of the previous year[8]. - Operating cash flow net increased by 92.05% year-on-year, attributed to improved collection of accounts receivable and increased sales receipts[17]. - Investment cash flow net increased by 1547.95% year-on-year, mainly due to an increase in equipment payments[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,786[12]. - The largest shareholder, Henan Senyuan Group, held 24.92% of the shares, amounting to 99,147,520 shares, with 90,600,000 shares pledged[12]. Changes in Receivables and Payables - Prepayments decreased by 66.36% compared to the end of last year, mainly due to the settlement of material prepayments during the period[16]. - Other receivables increased by 31.25% compared to the end of last year, primarily due to an increase in bid guarantee payments[16]. - Other payables increased by 183.03% compared to the end of last year, mainly due to an increase in project warranty funds[16]. Expenses and Investments - Management expenses increased by 58.68% year-on-year, primarily due to increased R&D investments[16]. - Financial expenses rose by 77.12% year-on-year, mainly due to increased short-term borrowings and corresponding interest expenses[16]. - The company plans to acquire 55% of Beijing Dongbiao Electric Co., Ltd. for CNY 155.2975 million, aiming to enhance its product sales and manufacturing capabilities[18]. - The acquisition is expected to generate net profits of no less than CNY 15 million, CNY 21 million, and CNY 29.4 million for the years 2015 to 2017, respectively[18].