长青集团(002616) - 2014 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2014 was CNY 307.71 million, an increase of 27.96% compared to CNY 240.48 million in the same period last year[9] - Net profit attributable to shareholders was a loss of CNY 4.74 million, a decrease of 180.23% from a profit of CNY 5.91 million in the previous year[9] - Basic and diluted earnings per share were both CNY -0.03, down 175% from CNY 0.04 in the same period last year[9] - Revenue increased by 27.96% compared to the previous period, primarily due to an increase in sales orders and electricity sales from Ming Shui Environmental Protection[19] - Operating profit, total profit, and net profit decreased by 233.67%, 126.24%, and 180.19% respectively, mainly due to a fair value loss of 16.62 million from foreign exchange contracts[19] - Earnings per share decreased by 175.00%, primarily due to a decline in net profit attributable to the parent company[20] - The net profit attributable to shareholders for the first half of 2014 is expected to range from 573.02 million to 1,528.06 million RMB, reflecting a decrease of 20% to 70% compared to 1,910.07 million RMB in the same period of 2013[30] - The decrease in net profit is primarily due to the fair value loss of locked exchange rates, which will be hedged upon the delivery of forward contracts, not affecting actual earnings from foreign sales[30] - The company anticipates that the fluctuation in net profit is largely dependent on exchange rate volatility, making precise predictions challenging[30] Assets and Liabilities - Total assets increased by 7.71% to CNY 2.12 billion from CNY 1.97 billion at the end of the previous year[9] - Short-term borrowings increased by 78.20% compared to the beginning of the period, indicating increased funding needs[18] - Deferred income tax liabilities decreased by 50.12% compared to the beginning of the period, mainly due to a reduction in trading financial assets[19] - Asset impairment losses increased by 276.46%, mainly due to an increase in accounts receivable resulting from higher operating revenue[19] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 23.18 million, worsening by 44.72% compared to CNY 16.02 million outflow in the previous year[9] - Cash flow from operating activities decreased by 44.67% compared to the previous period, primarily due to an increase in accounts receivable[20] - The net increase in cash and cash equivalents rose by 241.55%, mainly due to an increase in cash flow from financing activities[20] - The company reported a 52.92% increase in cash and cash equivalents at the end of the period, primarily due to an increase in bank deposits[18] Shareholder Information - The number of shareholders at the end of the reporting period was 13,458[12] - The top two shareholders, He Qiqiang and Mai Zhenghui, each hold 28.5% of the shares, totaling 42.18 million shares[12] Expenses and Taxes - Sales expenses increased by 32.66%, with a slight increase in the sales expense ratio by 0.1%, primarily due to sales growth[19] - The company reported a 69.73% increase in business taxes and additional charges, mainly due to an increase in value-added tax payable[19] Accounts Receivable - Accounts receivable increased by 58.82% compared to the beginning of the period, attributed to sales growth in Q1[18] - Cash flow from operating activities decreased by 44.67% compared to the previous period, primarily due to an increase in accounts receivable[20]