宝莫股份(002476) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥130,936,280.04, a decrease of 31.73% compared to ¥191,804,105.41 in the same period last year[9] - Net profit attributable to shareholders was ¥12,946,699.72, down 13.95% from ¥15,046,397.30 year-on-year[9] - Revenue for the reporting period decreased by 31.73% compared to the same period last year, primarily due to a significant decline in income from chemical product trading and reduced sales of polyacrylamide and acrylamide products[18] - Operating costs decreased by 35.63% year-on-year, mainly due to a reduction in sales volume[18] - Financial expenses increased by 73.44% year-on-year, primarily due to a decrease in interest income[18] - Investment income increased by 113.75% year-on-year, mainly due to higher returns from bank wealth management products[18] - The company expects net profit attributable to shareholders for the first half of 2014 to range from 22.24 million yuan to 37.06 million yuan, representing a decrease of 25% to an increase of 25% compared to the same period in 2013[24] Cash Flow - The net cash flow from operating activities was -¥72,409,084.28, representing a decline of 41.38% compared to -¥51,215,553.43 in the previous year[9] - Net cash flow from operating activities decreased by 41.38% year-on-year, primarily impacted by reduced cash settlement volume from major clients[18] - Net cash flow from investing activities increased by 187.22% year-on-year, mainly due to increased purchases of bank wealth management products and project prepayments[18] - Net cash flow from financing activities increased by 6 million yuan year-on-year, due to minority shareholders paying 6 million yuan in investment to Guangdong Baomo[18] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥1,125,289,277.87, an increase of 0.58% from ¥1,118,834,092.65 at the end of the previous year[9] - The net assets attributable to shareholders increased by 1.3% to ¥1,009,827,519.21 from ¥996,880,819.49 at the end of the previous year[9] - The number of shareholders at the end of the reporting period was 39,097[12] - The largest shareholder, Shengli Oilfield Chang'an Holding Group Co., Ltd., holds 44.17% of the shares, amounting to 270,300,000 shares, with 252,580,000 shares pledged[12] Operational Changes - The company's accounts receivable increased by 47.76% compared to the beginning of the period, primarily due to unsettled payments from major customers[17] - The construction in progress increased by 59.96% compared to the beginning of the period, mainly due to increased investment in multi-level continuous projects[17] - The company's tax payable increased by 160.53% compared to the beginning of the period, mainly due to unpaid value-added tax and income tax[17] Strategic Goals - The company aims to strengthen its main business in tertiary oil recovery, enhance technology research and market expansion, and adjust product and market structures to increase market share[24]