富春环保(002479) - 2015 Q1 - 季度财报

Financial Performance - Revenue for Q1 2015 was CNY 818,442,695.49, an increase of 3.79% compared to CNY 788,557,854.65 in the same period last year[9] - Net profit attributable to shareholders decreased by 27.60% to CNY 29,826,815.94 from CNY 41,196,425.18 year-on-year[9] - Basic earnings per share fell by 27.24% to CNY 0.0406 from CNY 0.0558 in the same period last year[9] - The company expects net profit attributable to shareholders for the first half of 2015 to decline by 25.00% to 0.00% compared to the same period in 2014[20] - The expected net profit for the first half of 2015 is projected to be between 7,417.95 and 9,890.6 (ten thousand yuan)[20] - The decline in performance is attributed to the lack of recovery in the downstream paper market and rising operational costs[20] Cash Flow - Net cash flow from operating activities was negative at CNY -25,964,609.29, a decline of 142.80% compared to CNY 60,665,826.71 in the previous year[9] - Net cash flow from operating activities decreased by 142.80% to -25,964,609.29 primarily due to a reduction in cash received from sales[17] - Net cash flow from investing activities dropped by 315.69% to -72,587,939.20 due to increased cash payments for fixed asset purchases[17] Assets and Shareholder Information - Total assets increased by 2.65% to CNY 3,918,979,724.26 from CNY 3,817,770,559.00 at the end of the previous year[9] - Net assets attributable to shareholders rose by 1.37% to CNY 2,214,184,102.14 from CNY 2,184,357,286.20 at the end of the previous year[9] - The total number of ordinary shareholders at the end of the reporting period was 44,652[13] - Zhejiang Fuchunjiang Communication Group Co., Ltd. held 37.67% of shares, amounting to 276,764,000 shares, with 125,000,000 shares pledged[13] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[14] Receivables and Expenses - Accounts receivable increased by 44.77% to 511,943,089.49 due to the increase in receivables from the subsidiary new energy company[17] - Other receivables rose by 56.87% to 43,884,105.26 primarily from the increase in receivables from the subsidiary Xin Gang Thermal Power Company[17] - Sales expenses surged by 133.08% to 2,662,841.99 mainly due to the consolidation of expenses from the subsidiary Zhongnan Packaging Company[17] - Asset impairment losses increased by 349.73% to 550,092.65 due to higher bad debt provisions related to increased receivables from the new energy subsidiary[17] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 1,088,825.90 for the period[10] - The company has no securities investments or holdings in other listed companies during the reporting period[21][22]