*ST围海(002586) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was CNY 327,938,710.46, representing a 43.81% increase compared to CNY 228,043,179.23 in the same period last year[8] - Net profit attributable to shareholders was CNY 14,497,100.71, up 59.96% from CNY 9,063,134.72 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached CNY 14,379,654.35, marking a 79.32% increase from CNY 8,018,978.32 in the previous year[8] - The basic earnings per share rose to CNY 0.04, reflecting a 33.33% increase compared to CNY 0.03 in the same period last year[8] - The weighted average return on equity was 1.28%, up from 1.04% in the previous year, indicating improved profitability[8] - The net profit attributable to shareholders for the first half of 2014 is expected to increase by 50% to 70%, ranging from 28,008,800 to 31,743,300 CNY[27] - The net profit for the first half of 2013 was 18,672,500 CNY, indicating significant growth year-over-year[27] - The increase in performance is attributed to a rise in operating revenue compared to the same period last year[27] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3,040,681,379.62, a 16.71% increase from CNY 2,605,344,330.57 at the end of the previous year[8] - The net assets attributable to shareholders increased by 62.73% to CNY 1,520,358,091.58 from CNY 934,305,141.75 at the end of the previous year[8] - Cash and cash equivalents increased by 79.71% to 85,683.93 million due to funds raised from a targeted private placement[17] - Accounts receivable rose by 197.65% to 969.44 million, attributed to increased settlements via notes[17] - Operating costs increased by 43.32% to 26,777.86 million, corresponding to the rise in revenue[17] - Inventory surged by 193.12% to 3,550.80 million, primarily due to increased construction costs not yet settled[17] - Short-term borrowings increased by 38.23% to 33,990.00 million, reflecting new short-term loans taken during the period[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,095[11] - The largest shareholder, Zhejiang Weihai Holdings Group Co., Ltd., held 41.49% of the shares, amounting to 151,050,000 shares, which are currently pledged[11] Cash Flow and Expenses - The net cash flow from operating activities was negative at CNY -205,777,480.68, worsening by 34.58% compared to CNY -152,906,558.37 in the same period last year[8] - The company experienced a 76.46% decrease in payable employee compensation to 200.47 million, due to the distribution of last year's performance bonuses[17] - The company’s income tax expense rose by 38.62% to 572.20 million, driven by an increase in taxable income due to higher operating profits[17] Capital Structure - The company has received approval for a non-public offering of up to 63 million new shares, which is expected to enhance its capital structure[21] - The company reported a 198.38% increase in capital reserves to 78,353.35 million, resulting from the funds raised through the private placement[17]