经纬辉开(300120) - 2014 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2014 was ¥86,847,662.78, a decrease of 10.29% compared to ¥96,813,551.14 in the same period last year[8]. - Net profit attributable to ordinary shareholders was ¥2,235,874.67, down 76.07% from ¥9,344,706.06 year-on-year[8]. - Basic earnings per share decreased by 76.06% to ¥0.013 from ¥0.0543 in the same period last year[8]. - Operating profit for Q1 2014 was ¥1,932,568.64, down 82.2% from ¥10,883,722.42 in the same period last year[52]. - Net profit for Q1 2014 was ¥2,108,193.13, a decline of 77.5% compared to ¥9,354,452.15 in the previous year[53]. - The company's revenue for the reporting period was 86.85 million RMB, a year-on-year decrease of 10.29%[28]. - The net profit attributable to the shareholders of the company was 2.24 million RMB, a year-on-year decrease of 76.07%[28]. - The company anticipates a significant decline in cumulative net profit compared to the previous year due to uncertainties in ultra-high voltage engineering projects[40]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥13,967,278.28, showing a slight improvement of 0.38% compared to -¥14,020,900.45 in the previous year[8]. - The company's cash and cash equivalents decreased to ¥159,505,490.91 from ¥170,292,471.24, reflecting a reduction in available cash[44]. - Cash inflow from operating activities for Q1 2014 was 100,811,170.59 CNY, compared to 99,637,111.60 CNY in the previous year, showing a slight increase of approximately 1.2%[59]. - Total cash outflow from operating activities was 114,778,448.87 CNY in Q1 2014, compared to 113,658,012.05 CNY in the same period last year, indicating an increase of about 1.0%[59]. - The company reported a decrease in cash flow from investment activities, with a net cash outflow of -2,829,482.14 CNY in Q1 2014, compared to -12,550,460.72 CNY in the previous year, indicating an improvement of approximately 77.5%[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥690,737,891.48, an increase of 1.15% from ¥682,877,992.60 at the end of the previous year[8]. - The total current assets amounted to ¥352,267,092.03, slightly increasing from ¥351,438,315.94 at the beginning of the period, indicating a stable liquidity position[44]. - The total liabilities increased to ¥690,737,891.48 from ¥682,877,992.60, showing a slight rise in the company's debt levels[45]. - Total liabilities rose to ¥70,448,942.00, up from ¥61,041,744.10, indicating a 15.5% increase[50]. Investments and R&D - The company emphasizes continuous investment in R&D to maintain its competitive edge and mitigate risks related to product quality and market competition[12]. - The company increased investment in technological innovation and market expansion to enhance management efficiency and maintain its leading position in the industry[30]. - The company's long-term equity investments doubled, attributed to an investment in Shanghai Leshi Network Technology Co., Ltd. in January 2014[25]. - The company plans to use part of the raised funds for office and supporting facilities construction, totaling ¥4,000 million[37]. Market and Operational Risks - The company faces risks from macroeconomic changes, including increased operational costs due to stricter environmental regulations and a competitive electricity market[11]. - The company expects revenue to recover as high-voltage direct current projects commence in the future[28]. - Significant growth in orders and revenue in the high-speed rail sector, with a focus on increasing market share in both high-speed rail and ultra-high voltage fields[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,295, with the largest shareholder holding 19.15% of the shares[17]. - The company has not made any adjustments to its profit distribution policy during the reporting period[39].