东江环保(002672) - 2015 Q1 - 季度财报
2015-04-19 16:00

Financial Performance - The company's operating revenue for Q1 2015 was ¥509,879,557.19, representing a 35.42% increase compared to ¥376,529,472.00 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2015 was ¥72,539,793.79, up 28.68% from ¥56,373,850.00 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,910,546.38, a 26.12% increase from ¥55,430,436.87 year-on-year[8]. - Basic earnings per share for Q1 2015 were ¥0.21, an increase of 23.53% compared to ¥0.17 in the previous year[8]. - The net profit attributable to shareholders for the first half of 2015 is expected to range from 17,021 to 19,744 thousand yuan, representing a growth of 25.00% to 45.00% compared to 13,616.42 thousand yuan in the same period of 2014[22]. - The increase in net profit is primarily due to the company's intensified market expansion efforts, leading to increased market share and revenue growth while maintaining cost control[22]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly to ¥5,955,731.91, down 85.70% from ¥41,639,247.59 in the same period last year[8]. - Total assets at the end of the reporting period were ¥5,432,783,302.01, reflecting an 8.97% increase from ¥4,985,470,629.81 at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,518,561,265.99, a 3.12% increase from ¥2,442,338,220.50 at the end of the previous year[8]. - Cash flow from operating activities decreased by 85.70% to ¥5,955,731.91, mainly due to net loans of ¥38.5 million from the newly established subsidiary[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,119[12]. - The largest shareholder, Zhang Weiyang, held 27.92% of the shares, with 97,107,669 shares, which are currently frozen[12]. - The company has not held any other listed company shares during the reporting period[24]. Investment and Financing - The company increased long-term borrowings by 60.69% to ¥604,927,123.36 to meet funding needs[16]. - The company invested ¥196,026,593.53 in fixed assets and other long-term assets, a 95.71% increase, indicating a focus on ongoing project construction[17]. - Financial expenses rose by 75.55% to ¥7,785,392.18, driven by increased bank loan interest and new bond interest expenses[16]. Dividend Policy - The company plans to distribute at least 30% of the average distributable profit over three years (2012-2014) in cash dividends, with a minimum of 20% of the annual distributable profit for each year[21]. - The company will prioritize cash dividends in its profit distribution strategy, with the board able to propose interim cash dividends based on profitability and funding needs[21]. - The company has committed to a differentiated cash dividend policy, considering industry characteristics, development stage, and significant capital expenditure plans[21]. - The company’s cash dividend distribution will occur annually after the shareholders' meeting, contingent on meeting the cash distribution conditions[21]. - The company has confirmed that it will fulfill its commitments regarding shareholder returns[21]. Management and Governance - The company’s chairman is Zhang Weiyang, indicating leadership continuity in strategic decisions[25]. - The company’s board of directors is committed to ensuring a reasonable stock valuation before issuing stock dividends[21].