富春环保(002479) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter was ¥788,557,854.65, an increase of 8.27% compared to ¥728,351,264.17 in the same period last year[5] - The net profit attributable to shareholders decreased by 23.28% to ¥41,196,425.18 from ¥53,695,313.34 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥40,366,432.61, down 24.02% from ¥53,126,037.53 in the previous year[5] - Basic and diluted earnings per share were both ¥0.0558, representing a decrease of 23.35% from ¥0.0728[6] - The company expects net profit attributable to shareholders for the first half of 2014 to range from 89,497.6 to 110,555.8, reflecting a decrease of 15% to 5% compared to the same period in 2013[15] - The decline in profit is attributed to the downturn in the downstream paper industry and a reduction in heating prices to support local paper enterprises[15] Cash Flow and Assets - The net cash flow from operating activities was ¥60,665,826.71, a decline of 19.18% compared to ¥75,064,879.98 in the same period last year[6] - Total assets at the end of the reporting period were ¥3,564,124,679.44, a slight decrease of 0.5% from ¥3,582,056,318.28 at the end of the previous year[6] - The net assets attributable to shareholders increased by 2.02% to ¥2,080,085,459.60 from ¥2,038,889,034.42 at the end of the previous year[6] - Cash flow from investing activities improved by 66.56% to -17,462,223.19, mainly due to reduced cash outflows for acquisition activities[12] Shareholder Information - The company had a total of 60,971 shareholders at the end of the reporting period[8] - The largest shareholder, Zhejiang Fuchunjiang Communication Group Co., Ltd., held 37.51% of the shares, totaling 276,764,000 shares[8] - The company engaged in a repurchase transaction involving 6,000,000 shares, representing 0.81% of the total share capital[10] Receivables and Prepayments - Accounts receivable decreased by 72.43% to 38,709,954.21 due to increased bill payments[12] - Prepayments increased by 45.68% to 147,659,234.47 mainly due to increased advance payments for new materials and new energy subsidiaries[12] Expenses and Financial Metrics - Operating taxes and surcharges rose by 63.80% to 1,369,466.57, primarily due to increased value-added tax[12] - Financial expenses increased by 42.12% to 11,356,360.59 due to increased borrowing costs[12] - Employee compensation payable decreased by 40.03% to 1,843,183.14 due to the distribution of accrued wages[12] - Other operating expenses surged by 368.51% to 1,817,438.06, primarily due to donation expenditures[12] Investment Income - Revenue from investment income reached 6,660,087.08, marking a 100% increase due to the recognition of investment income from Yongtong Microfinance[12]