ZBJT(SZ:000759)2015-04-29 16:00Financial Performance - The company's total revenue for the first quarter was CNY 4.74 billion, a decrease of 1.15% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 49.45 million, down 44.17% year-on-year[6]. - The company reported a significant decrease in net profit excluding non-recurring gains and losses, which was CNY 31.72 million, down 49.01% year-on-year[6]. - Net profit for Q1 2015 was ¥49,059,943.04, a decrease of 44.53% compared to ¥88,447,539.59 in Q1 2014, attributed to rigid expense growth and absence of subsidiary transfer gains[16]. - Investment income dropped by 100.13% to -¥39,194.28 from ¥29,530,622.60, reflecting a decrease in subsidiary transfer gains[16]. - The company anticipates a significant fluctuation in cumulative net profit from the beginning of the year to the next reporting period, potentially resulting in a loss compared to the same period last year[22]. Cash Flow and Expenses - The net cash flow from operating activities was CNY 194.14 million, representing a decline of 60.32% compared to the previous year[6]. - Operating cash flow for Q1 2015 decreased by 60.32% to ¥194,137,062.53 from ¥489,204,761.10, due to reduced cash sales inflow and increased procurement outflow[16]. - Financial expenses increased by 79.09% to ¥23,804,564.07 from ¥13,292,184.34, due to the cessation of capitalizing mid-term note interest[16]. - Cash paid for the purchase of fixed assets decreased by 47.65% to ¥228,499,685.56 from ¥436,460,350.13, indicating reduced capital expenditures[17]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 8.96 billion, an increase of 1.16% from the end of the previous year[6]. - Accounts receivable increased by 106.50% to ¥19,473,104.50 from ¥9,430,000.00 due to bank acceptance bills received from electrical wholesale sales[16]. - Construction in progress decreased by 51.45% to ¥147,399,844.12 from ¥303,590,364.26 as projects were completed and transferred to fixed assets[16]. - Short-term borrowings increased by 250.00% to ¥455,000,000.00 from ¥130,000,000.00 due to new short-term bank loans[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,477[10]. - The top shareholder, Wuhan Commercial Group, held 18.07% of the shares[10]. - The weighted average return on equity decreased by 1.37 percentage points to 1.62%[6]. Government Support and Future Plans - The company received government subsidies amounting to CNY 7.33 million during the reporting period[7]. - The company plans to permanently supplement working capital with surplus raised funds amounting to ¥55,732.26 million[18]. - The company has not issued short-term financing bonds in Q1 2015, compared to ¥500,000,000.00 in the previous period[17]. - The company engaged in on-site research discussions with various investment institutions, including Huaxia Fund and Yinhua Fund, focusing on the company's basic situation and development plans[22].