万润股份(002643) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥196,981,639.65, a decrease of 10.99% compared to ¥221,315,195.03 in the same period last year[8]. - Net profit attributable to shareholders was ¥16,983,652.02, down 44.58% from ¥30,644,006.39 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥16,442,678.27, reflecting a decline of 45.25% compared to ¥30,033,173.71 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.06, down 45.45% from ¥0.11 in the previous year[8]. - Operating profit, total profit, income tax expenses, net profit, and net profit attributable to shareholders decreased by 45.60%, 44.92%, 39.61%, 45.91%, and 44.58% respectively, mainly due to reduced orders and increased R&D expenses[16]. - The company expects net profit attributable to shareholders for the first half of 2014 to decrease by 50% to 20% compared to the same period last year, with a range of 31.36 million to 50.18 million yuan[22]. Cash Flow and Assets - The net cash flow from operating activities was ¥25,001,014.36, a decrease of 11.98% from ¥28,403,041.72 in the same period last year[8]. - Cash received from operating activities decreased by 60.22% compared to the previous year, mainly due to reduced term deposit interest[16]. - Cash received from tax refunds decreased by 61.66% year-on-year, primarily due to changes in VAT[16]. - Cash paid for various taxes increased by 197.93% year-on-year, mainly due to increased VAT payable[16]. - Cash from the disposal of fixed assets increased by 30.67% year-on-year, attributed to cash received from scrapped fixed assets[16]. - Total assets at the end of the reporting period were ¥1,563,553,741.14, an increase of 1.15% from ¥1,545,800,644.53 at the end of the previous year[8]. - Net assets attributable to shareholders at the end of the reporting period were ¥1,345,101,797.34, up 1.3% from ¥1,327,826,505.66 at the end of the previous year[8]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,474[12]. - The largest shareholder held 27.1% of the shares, amounting to 74,708,000 shares[12]. Expenses and Liabilities - Short-term borrowings grew by 34.82% year-on-year, attributed to new short-term bank loans from wholly-owned subsidiaries[16]. - Sales expenses rose by 76.95% year-on-year, primarily due to increased freight and commission payments[16]. - Prepayments increased by 74.34% compared to the end of the previous year, mainly due to payments for fixed assets, imported materials, and R&D[16].