荣盛石化(002493) - 2015 Q1 - 季度财报

Financial Performance - Revenue for Q1 2015 was ¥5,220,061,618.82, a decrease of 31.84% compared to the same period last year[9]. - Net profit attributable to shareholders was ¥11,889,962.34, an increase of 108.38% year-on-year[9]. - The company's operating revenue decreased by 31.84% due to a decline in revenue from its subsidiary, Yisheng Dahua Petrochemical Co., Ltd.[17]. - Operating costs decreased by 33.74%, primarily due to a drop in raw material prices and sales volume at Yisheng Dahua Petrochemical Co., Ltd.[17]. - Investment income increased by 243.45%, attributed to the net profit growth of the investee companies accounted for using the equity method, leading to higher recognized investment income.[17]. - The company expects to turn a profit in the first half of 2015, with a projected net profit of between 10,000 and 20,000 thousand yuan, compared to a net loss of 5,115.76 thousand yuan in the same period last year.[20]. - The improvement in performance is linked to the stabilization of international crude oil prices and an improved supply-demand relationship for the company's main product, PTA.[20]. - The recovery in the polyester industry has also contributed to the increase in gross margins for polyester products.[20]. Cash Flow and Assets - Net cash flow from operating activities decreased by 61.18% to ¥414,001,445.07[9]. - Total assets at the end of the reporting period were ¥32,281,540,990.34, an increase of 5.26% from the end of the previous year[9]. Receivables and Payables - Accounts receivable increased by 89.29% due to higher customer payments[16]. - Prepayments increased by 82.9% mainly due to prepayments for equipment and raw materials[16]. - Other receivables increased by 229.38% due to increased amounts owed from related parties[16]. - Accounts payable decreased by 40.69% as a result of reduced payables for raw materials and equipment[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,192[12]. - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., held 76.44% of the shares[12].