森源电气(002358) - 2015 Q1 - 季度财报(更新)

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[9] - Net profit attributable to shareholders decreased by 36.07% to ¥32,855,758.55 from ¥51,390,849.20 year-on-year[9] - 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[9] - Basic and diluted earnings per share decreased by 38.46% to ¥0.08 from ¥0.13 year-on-year[9] - The total operating revenue for the first quarter of 2015 was CNY 293,299,254.78, an increase from CNY 277,475,900.84 in the previous year, representing a growth of approximately 5.9%[39] - The total operating costs for the first quarter of 2015 amounted to CNY 255,814,969.30, compared to CNY 212,064,471.21 in the same period last year, indicating an increase of about 20.6%[39] - The company reported a net profit increase in retained earnings to CNY 791,824,771.46 from CNY 758,969,012.91, which is an increase of about 4.3%[34] - The total comprehensive income for Q1 2015 was ¥30,394,319.78, compared to ¥41,409,330.35 in the same period last year, indicating a decline of 26.7%[45] Cash Flow and Liquidity - 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[9] - The net cash flow from operating activities for the first quarter was ¥3,653,432.31, a significant improvement compared to a net outflow of ¥104,699,883.34 in the same period last year[51] - The total cash inflow from operating activities was ¥214,553,693.92, compared to ¥158,781,602.45 in the previous year, marking a 35.06% increase[51] - The cash inflow from investment income was ¥825,054.79, up from ¥673,972.60 in the previous year, indicating a growth of 22.38%[51] - The ending balance of cash and cash equivalents was ¥447,953,104.18, down from ¥550,145,291.97 in the previous year, representing a decrease of 18.61%[52] - The company reported a net increase in cash and cash equivalents of -¥14,269,259.91 for the quarter, compared to -¥79,508,731.22 in the previous year, showing an improvement in cash management[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,996,919,315.51, an increase of 3.11% from ¥3,876,284,960.75 at the end of the previous year[9] - The total liabilities at the end of the first quarter of 2015 were CNY 1,845,767,377.55, compared to CNY 1,759,715,997.38 at the start of the year, which is an increase of about 4.9%[33] - The total owner's equity as of the end of the first quarter of 2015 was CNY 2,151,151,937.96, up from CNY 2,116,568,963.37 at the beginning of the year, indicating a growth of approximately 1.6%[34] - 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[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,786[13] - The largest shareholder, Henan Senyuan Group, held 24.92% of the shares, amounting to 99,147,520 shares, with 90,600,000 shares pledged[13] Expenses - Management expenses increased by 58.68% year-on-year, primarily due to increased R&D investment[17] - Financial expenses increased by 77.12% year-on-year, mainly due to increased short-term borrowings and corresponding interest expenses[17] - The company's financial expenses increased significantly to ¥11,269,096.62, compared to ¥6,464,120.63 in the previous year, marking a 74.5% rise[44] - Other payables increased by 183.03% compared to the end of last year, mainly due to an increase in project warranty funds[17] Future Projections - The expected net profit attributable to shareholders for the first half of 2015 is projected to be between CNY 130.6442 million and CNY 169.8375 million, representing a growth of 0% to 30% compared to the same period last year[24] - 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[19] Other Financial Metrics - The weighted average return on equity was 1.56%, down from 3.48% in the previous year, a decrease of 1.92%[9] - The gross profit margin decreased, with operating costs rising to ¥176,898,611.17 from ¥151,180,239.71, reflecting a 16.4% increase[44] - Investment income for Q1 2015 was ¥825,054.79, up from ¥673,972.60, representing a 22.4% increase year-over-year[44] - The operating profit for Q1 2015 was ¥34,081,993.89, a decrease of 30.3% from ¥48,828,874.63 in the same quarter last year[44] Changes in Receivables and Inventory - Accounts receivable increased to CNY 813,184,573.41 from CNY 762,475,178.40, showing a rise of approximately 6.7%[35] - The inventory at the end of the first quarter of 2015 was CNY 457,959,502.83, compared to CNY 417,081,831.07 at the beginning of the year, reflecting an increase of about 9.8%[35] - Long-term receivables increased to CNY 14,329,453.76 from CNY 9,813,016.94, indicating a growth of approximately 45.5%[32] Audit Information - The company did not undergo an audit for the first quarter report[53]