公元股份(002641) - 2014 Q1 - 季度财报

Revenue and Profit - The company's revenue for Q1 2014 was ¥570,050,794.75, representing a 9.72% increase compared to ¥519,551,214.88 in the same period last year[8] - Net profit attributable to shareholders decreased by 48.54% to ¥18,928,907.55 from ¥36,783,199.94 year-on-year[8] - Basic and diluted earnings per share both dropped by 50% to ¥0.05 from ¥0.1 year-on-year[8] - The expected net profit attributable to shareholders for the first half of 2014 is projected to range from 95.66 million to 131.53 million CNY, representing a change of -20% to 10% compared to the same period in 2013[22] - The net profit for the first half of 2013 was 119.57 million CNY[22] Cash Flow - The net cash flow from operating activities was negative at -¥19,205,574.91, an improvement of 68.94% compared to -¥61,827,972.00 in the previous year[8] - Operating cash flow increased by 68.94% year-on-year, mainly due to an increase in bill payments this quarter[18] - Investment cash flow decreased by 342.74% year-on-year, primarily due to the recovery of funds from the special account for raised funds in the same period[18] - Financing cash flow increased by 59.84% year-on-year, mainly due to an increase in bank loans[18] Assets and Liabilities - Total assets increased by 4.15% to ¥3,107,541,779.14 from ¥2,983,577,682.86 at the end of the previous year[8] - Short-term borrowings grew by 39.37%, reflecting the expansion of business scale and increased bank loans[15] - Financial expenses increased by 124.36% primarily due to higher bank loan usage[16] Operational Factors - The decline in net profit was attributed to a 7.62% decrease in sales prices of PPR products, along with rising labor costs and depreciation[17] - The company reported a significant increase in prepayments, which rose by 71.60% due to increased resin raw material reserves[15] - The increase in fixed costs such as wages, depreciation, and interest due to investment projects and new investments in Chongqing may exceed the market expansion pace[22] Government Support - The company received government subsidies amounting to ¥3,444,619.86, contributing to an 80.88% increase in other income[9]