Palm(SZ:002431)2014-04-25 16:00Revenue and Profitability - Revenue for Q1 2014 reached ¥511,994,625.46, an increase of 30.53% compared to ¥392,244,364.40 in the same period last year[6] - Net profit attributable to shareholders was ¥1,839,491.22, up 15.62% from ¥1,591,033.29 year-on-year[6] - Net profit excluding non-recurring items surged to ¥1,485,505.52, a significant increase of 702.47% from a loss of ¥246,567.92 in the previous year[6] - The net profit attributable to shareholders for the first half of 2014 is expected to range from 12,484.3 to 16,645.73 million CNY, reflecting a change of -10% to 20% compared to the same period in 2013[28] - The net profit for the first half of 2013 was 13,871.44 million CNY, indicating a potential recovery in profitability for 2014[28] Cash Flow - Operating cash flow showed a negative net amount of ¥234,189,893.98, worsening by 109.69% compared to a negative ¥111,682,335.69 last year[6] - Operating cash inflow increased by 30.97% compared to the same period last year, mainly due to good revenue collection during the reporting period[18] - Operating cash outflow increased by 43.78% compared to the same period last year, primarily due to higher project bidding deposits paid during the reporting period[18] - Net cash flow from investment activities decreased by 417.73% compared to the same period last year, mainly due to increased investments in subsidiary Shandong Shengwei Landscape Technology Co., Ltd.[18] - Net cash flow from financing activities increased by 699.25% compared to the same period last year, primarily due to increased borrowings and the issuance of short-term financing bonds[18] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥7,113,971,694.20, a slight decrease of 0.9% from ¥7,178,887,872.68 at the end of the previous year[6] - The number of shareholders at the end of the reporting period was 27,427[9] - The top shareholder, Wu Guichang, holds 15.21% of shares, with 70,103,462 shares, of which 52,577,597 are pledged[9] Expenses - Sales expenses increased by 104.50% year-on-year, primarily due to higher maintenance, transportation, and advertising costs[15] - Financial expenses rose by 79.05% compared to the previous year, attributed to increased interest expenses from expanded credit[15] Investment Projects - The total contract amount for the Chatou Ecological Park investment construction project is approximately RMB 204 million, with no progress reported as of the end of the reporting period[19] - The total contract amount for the Tuhai River Landscape Project is RMB 170 million, with revenue of RMB 11.448 million recognized as of the end of the reporting period[19] - The total contract amount for the second and third phases of the Tuhai River Landscape Project is RMB 24.6 million, with cumulative revenue of RMB 25.211 million recognized as of the end of the reporting period[20] - The total contract amount for the Wenchang Low Carbon Industrial Park project is approximately RMB 800 million, with no progress reported as of the end of the reporting period[21] - The total contract amount for the Weifang Economic Development Zone construction project is RMB 65 million, with revenue of RMB 33.315 million recognized as of the end of the reporting period[21] - The total contract amount for the Guangdong Wuhua County ecological landscape project is approximately RMB 50 million, with revenue of RMB 3.941 million recognized as of the end of the reporting period[24] Future Outlook - The company's real estate engineering business is anticipated to grow steadily in the second quarter, while municipal business revenue faces uncertainties[28]