*ST围海(002586) - 2015 Q1 - 季度财报

Financial Performance - Revenue for the first quarter was CNY 321,019,205.54, a decrease of 2.11% compared to CNY 327,938,710.46 in the same period last year[8]. - Net profit attributable to shareholders was CNY 7,347,879.91, down 49.31% from CNY 14,497,100.71 year-on-year[8]. - Basic earnings per share decreased by 50.00% to CNY 0.02 from CNY 0.04 in the previous year[8]. - The weighted average return on net assets was 0.47%, down 0.81% from 1.28% in the same period last year[8]. - Non-operating income decreased by 79.06% to 7.90 from 37.73, due to a reduction in subsidy income compared to the same period last year[15]. - The decrease in net profit is primarily due to a reduction in revenue from projects with higher gross margins compared to the previous year[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,276,606,297.08, a decline of 4.15% from CNY 3,418,321,669.96 at the end of the previous year[8]. - Cash and cash equivalents decreased by 32.38% to 49,532.42 from 73,256.21 due to reduced project payments[15]. - Accounts receivable decreased by 63.56% to 205.00 from 562.55, attributed to a reduction in bill settlement[15]. - Prepayments increased by 166.74% to 28,023.10 from 10,505.88, mainly due to a higher number of new projects started[15]. - Inventory increased by 138.00% to 4,227.44 from 1,776.22, primarily due to increased construction costs not yet settled[15]. - Construction in progress increased by 150.75% to 2,343.37 from 934.55, mainly due to advance payments for equipment in Jiangsu[15]. - Short-term borrowings increased by 30.76% to 53,350.00 from 40,800.00, resulting from new short-term loans[15]. - Accounts payable decreased by 43.52% to 40,484.37 from 71,676.86, due to significant payments made for project and material costs around the Spring Festival[15]. - Deferred revenue increased by 259.75% to 13,309.00 from 3,699.49, reflecting prepayments received for new projects[15]. - Financial expenses increased by 51.20% to 1,290.33 from 853.39, mainly due to the increase in short-term borrowings[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,633[11]. - The largest shareholder, Zhejiang Weihai Holding Group Co., Ltd., held 41.49% of the shares, totaling 151,050,000 shares, which are pledged[11]. - The lock-up period for shares held by major shareholders will end on June 1, 2015, after which they will continue to be locked for another year[22]. - The total number of shares held by Zhejiang Weihai Holdings is 151,050,000, which are subject to trading restrictions[22]. - The company’s major shareholder, Wang Zhangquan, has committed to comply with regulations regarding short-term trading of company shares[22]. - The company’s stock trading activities have not been influenced by any undisclosed sensitive information[22]. - The company has not reported any significant insider trading activities during the reporting period[22]. Government and Regulatory Matters - The company received government subsidies amounting to CNY 77,000 during the reporting period[9]. - There were no significant changes in the company's accounting policies or restatements of previous years' financial data[8]. - The company has not engaged in any securities investments during the reporting period[25]. - The company does not hold any equity in other listed companies during the reporting period[26]. Management and Governance - The company’s chairman is Feng Quanhong, who oversees the strategic direction of the company[27].