TSP(SZ:300129)2015-04-23 16:00Financial Performance - Total revenue for Q1 2015 was CNY 257,455,798.90, representing a 31.82% increase compared to CNY 195,302,685.55 in the same period last year[7]. - Net profit attributable to shareholders was CNY 19,459,522.17, up 53.57% from CNY 12,671,667.17 year-on-year[7]. - Basic earnings per share rose to CNY 0.06, reflecting a 50.00% increase from CNY 0.04 in the same quarter last year[7]. - Total revenue increased by 31.82% compared to the same period last year, driven by a recovery in the wind power market and an increase in sales orders[20]. - Net profit increased by 121.23% year-on-year, primarily due to the increase in total profit[21]. - Operating profit rose by 139.23% compared to the previous year, reflecting the growth in revenue[21]. - The company achieved a total operating revenue of RMB 257.46 million in Q1 2015, an increase of RMB 62.15 million, representing a growth rate of 31.82% compared to the same period last year[24]. - The net profit attributable to the parent company was RMB 19.46 million, an increase of RMB 6.79 million, with a growth rate of 53.57% year-on-year[27]. - The company reported a comprehensive income total of CNY 14,373,371.63, compared to CNY 9,928,823.54 in the previous period[60]. - The total comprehensive income for the first quarter was CNY 17,717,086.57, significantly higher than CNY 4,331,868.56 in the previous year[64]. Cash Flow and Assets - Net cash flow from operating activities reached CNY 107,369,555.42, a significant increase of 110.43% compared to CNY 51,024,085.04 in the previous year[7]. - Cash flow from operating activities increased by 110.43% year-on-year, driven by higher cash receipts from sales[21]. - The company's cash and cash equivalents stood at RMB 549,533,426.90, slightly down from RMB 553,265,122.78[50]. - The ending balance of cash and cash equivalents was 322,178,165.29 CNY, up from 230,079,699.91 CNY at the beginning of the period[72]. - The cash inflow from the disposal of fixed assets and other was minimal, totaling 3,880.00 CNY[71]. - The company incurred total operating expenses of CNY 419,367,704.71, which is a decrease from CNY 461,689,164.19 in the previous period, showing a reduction of approximately 9.2%[67]. Liabilities and Equity - Total assets at the end of the reporting period were CNY 2,711,257,935.12, a decrease of 2.16% from CNY 2,771,056,609.85 at the end of the previous year[7]. - Total liabilities decreased to RMB 999,618,566.31 from RMB 1,057,964,112.67[52]. - The company's equity totaled CNY 1,376,915,124.75, compared to CNY 1,359,198,038.18 previously[56]. - Short-term borrowings increased by 90.00% compared to the beginning of the year, indicating higher bank loans[20]. Investments and Projects - The investment in the 310MW offshore wind turbine tower heavy equipment manufacturing project has reached 92.94% completion with a total investment of 21,290.41 million RMB[35]. - The investment in the 35MW heavy wind turbine supporting tower manufacturing project has been fully completed with a total investment of 10,000 million RMB[35]. - The company has invested 10,000 million RMB in the establishment of Xinjiang Taisheng Wind Power Equipment Co., Ltd., which is responsible for the construction of a heavy tower production base[36]. - The project for manufacturing flanges has lost its investment value due to the maturity of the domestic supply chain and increased competition[36]. - The company completed the acquisition of a 33% stake in its subsidiary Hohhot Taisheng Power Engineering Machinery Co., Ltd. for a total of RMB 24.75 million using raised funds[37]. Risks and Mitigation - The company faces risks from significant fluctuations in raw material prices, particularly steel, which is a major cost component[10]. - The company is expanding into new business areas such as marine engineering and wind farm operation and maintenance, which may introduce new operational risks[12]. - The company is implementing measures to mitigate risks associated with project delays and market competition by enhancing project evaluation and contract review processes[11]. - The company is also addressing potential foreign exchange risks due to increased international business activities by utilizing forward exchange rate hedging[13]. - The company is enhancing its project and customer credit assessments to address potential delays in engineering projects, which could impact cash flow[28]. Shareholder Information - The number of shareholders at the end of the reporting period was 27,802[15]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[16]. - The company has committed to avoiding any activities that may constitute competition with its existing and future business operations, ensuring no direct or indirect competition occurs[32]. - The company has reported that all commitments made by major shareholders have been fulfilled without violations, ensuring compliance with agreements[33]. - The company has pledged that its funds will not be occupied by shareholders in any form, maintaining financial integrity[34]. - The company has established a consensus among major shareholders to vote based on a unified opinion, ensuring collaborative decision-making[32]. Dividend Policy - The company maintained a clear and transparent dividend policy, ensuring the protection of minority shareholders' rights[46]. - The company plans to distribute a cash dividend of RMB 1 per 10 shares, totaling RMB 32,400,000, and to increase its share capital by 324,000,000 shares, doubling the total share capital to 648,000,000 shares[45]. - The company has not proposed or executed any new profit distribution policies or cash dividend plans during the reporting period[44].