盛路通信(002446) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥73,916,066.44, representing a 39.71% increase compared to ¥52,905,247.31 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2014 was ¥2,058,493.07, a significant increase of 376% from a loss of ¥745,825.90 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,772,044.16, up 243.24% from a loss of ¥1,237,136.69 in the same period last year[8]. - The basic earnings per share for Q1 2014 was ¥0.02, compared to a loss of ¥0.01 per share in the same period last year, marking a 300% increase[8]. - Operating profit for Q1 2014 increased by 294.29% compared to Q1 2013, driven by revenue growth outpacing the increase in operating costs[17]. - Total profit for Q1 2014 increased by 512.14% compared to Q1 2013, attributed to the growth in operating profit[17]. - Net profit for Q1 2014 increased by 311.14% compared to Q1 2013, resulting from the increase in total profit[18]. - For the first half of 2014, the net profit attributable to shareholders is expected to increase by 54% to 99%, with an estimated range of RMB 4.8 million to RMB 6.2 million[23]. Assets and Liabilities - The company's total assets at the end of Q1 2014 were ¥835,753,872.68, a slight decrease of 0.12% from ¥836,777,792.16 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 0.31% to ¥657,065,209.85 from ¥655,006,716.78 at the end of the previous year[8]. - The company's accounts receivable increased by 39.91% compared to the end of the previous year, primarily due to an increase in accepted payment for goods[15]. - Prepayments increased by 79.73% compared to the end of the previous year, mainly due to prepayments for the formal production of Hunan Shenglu[15]. Cash Flow - The cash flow from operating activities for Q1 2014 was negative at -¥18,103,069.36, a significant decline of 1,859.69% compared to -¥923,770.34 in the same period last year[8]. - Cash flow from operating activities decreased by 1859.69% year-on-year, mainly due to a reduction in cash received from sales and an increase in cash paid for purchases[18]. - The net increase in cash and cash equivalents decreased by 1084.77% year-on-year, attributed to reduced net inflow from operating activities and investment activities[20]. - Investment cash inflow increased by 1426.58% year-on-year, primarily due to an increase in cash received from short-term investments[20]. - Investment cash outflow increased by 470.34% year-on-year, mainly due to increased cash payments for long-term assets and short-term investments[20]. Expenses - The company reported a 40.46% increase in sales expenses for Q1 2014, attributed to increased market expansion efforts[16]. - Asset impairment losses for Q1 2014 increased by 1848.97% compared to Q1 2013, primarily due to an increase in bad debt provisions for receivables[17]. Market Influence - The increase in net profit is influenced by the expansion of the mobile communication 4G network market, leading to increased main business revenue[23].