清新环境(002573) - 2015 Q1 - 季度财报

Financial Performance - The company's operating revenue for the first quarter of 2015 was CNY 385,022,945.56, representing a 100.49% increase compared to CNY 192,036,858.28 in the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 66,543,850.94, an increase of 31.80% from CNY 50,488,559.49 year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 66,535,509.08, reflecting a 31.90% increase compared to CNY 50,442,090.99 in the previous year[5]. - The basic earnings per share increased to CNY 0.12, up 33.33% from CNY 0.09 in the same period last year[5]. - Main business profit for the reporting period was 117.58 million yuan, a growth of 53.42% year-on-year, driven by significant increases in EPC project revenue and the operation of the Shizhu desulfurization and denitrification BOT project[16]. - The company reported an expected net profit attributable to shareholders for the first half of 2015 to be between 199.78 million RMB and 226.42 million RMB, representing a year-on-year increase of 50% to 70%[33]. - The increase in net profit is attributed to the stable operation of new desulfurization projects and the commissioning of additional denitrification projects, contributing to growth in the first half of 2015[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,130,196,454.02, a 6.64% increase from CNY 4,810,816,285.50 at the end of the previous year[5]. - The net assets attributable to shareholders of the listed company were CNY 2,502,937,096.38, which is a 3.37% increase from CNY 2,421,344,051.00 at the end of the previous year[5]. - Total liabilities at the end of the reporting period were 1.96 billion yuan, with long-term payables reported at 196 million yuan, primarily related to the sale and leaseback of desulfurization and denitrification assets[13]. Cash Flow - The net cash flow from operating activities was CNY 15,457,417.86, a decrease of 11.14% compared to CNY 17,394,863.61 in the same period last year[5]. - Cash flow from operating activities for the reporting period was a net inflow of 15.46 million yuan, a decrease of 1.94 million yuan compared to the same period last year, mainly due to increased procurement and employee compensation[18]. - The company’s cash flow from financing activities was a net inflow of 213.99 million yuan, an increase of 24.01 million yuan year-on-year, mainly due to new financing lease loans[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,467[8]. - The largest shareholder, Beijing Century Dihe Holdings Co., Ltd., held 45.21% of the shares, totaling 240,863,100 shares[8]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Yancheng Guodian Qingxin Environmental Technology Co., Ltd., with a registered capital of 100 million RMB, focusing on air and water pollution control, solid waste management, and energy conservation[27]. - The company has invested in a wholly-owned subsidiary, Chongqing Qingyuan Mining Co., Ltd., with a registered capital of 3 million RMB, focusing on the sale of limestone and its products[27]. - The company holds a 60% stake in Shandong Qingxin Environmental Technology Co., Ltd., which was established with a registered capital of 30 million RMB, focusing on environmental engineering technology and equipment sales[27]. Expenses - The company’s inventory at the end of the reporting period was 207.62 million yuan, an increase of 43.19% year-on-year, attributed to ongoing EPC projects that have not yet met revenue recognition criteria[12]. - The company’s financial expenses for the reporting period were 53.62 million yuan, an increase of 626.67% year-on-year, mainly due to increased borrowing costs[17]. - The company’s management expenses for the reporting period were 32.25 million yuan, an increase of 108.72% year-on-year, primarily due to stock incentive costs[17]. Strategic Adjustments - The company completed the sale of 55% equity in Zhongtian Runbo for 66.79 million yuan, impacting minority interests by a reduction of 59.33 million yuan[15][23]. - The company sold its stake in the controlling subsidiary, Zhongtian Runbo, as part of its strategic adjustments[29]. - The company completed the first grant of its 2014 stock option incentive plan, which was approved by the China Securities Regulatory Commission[29]. - The company plans to establish a special industrial fund to support its business initiatives[29]. - The company established a special industrial fund with a total scale of 253 million yuan, contributing 100 million yuan, accounting for 39.53% of the total[22]. Project Development - Accounts receivable at the end of the reporting period was 592.53 million yuan, an increase of 33.26% compared to the end of the previous year, primarily due to increased revenue from desulfurization and denitrification projects[12]. - The company has seen an increase in EPC projects compared to the same period last year, contributing to profit growth[33]. - The company does not hold any securities investments or shares in other listed companies during the reporting period[34][35].