海信家电(000921) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥6,397,939,370.29, representing a 20.60% increase compared to ¥5,304,927,504.96 in the same period last year[8] - The net profit attributable to shareholders of the listed company was ¥226,645,912.81, a decrease of 2.26% from ¥231,881,797.14 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥217,344,190.21, an increase of 8.39% from ¥200,529,622.09 in the previous year[8] - The basic earnings per share for Q1 2014 was ¥0.1674, down 2.22% from ¥0.1712 in the same period last year[8] - The weighted average return on net assets decreased to 7.92% from 14.26% year-on-year, a decline of 6.34 percentage points[8] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥13,650,683,554.18, up 14.09% from ¥11,964,709,290.58 at the end of the previous year[8] - The net assets attributable to shareholders of the listed company increased by 8.25% to ¥2,975,618,855.66 from ¥2,748,731,080.83 at the end of the previous year[8] - Trading financial assets decreased by 96.13% to ¥2,598,380 due to exchange rate fluctuations affecting forward contracts[17] - Accounts receivable increased by 55.66% to ¥2,560,252,123, primarily due to increased sales during the reporting period[17] - Short-term borrowings rose by 58.62% to ¥304,043,988, mainly due to an increase in accounts receivable factoring[17] - Accounts payable rose by 35.23% to ¥4,706,594,499, due to increased procurement from scale expansion and product reserves[17] Cash Flow and Expenses - The company reported a net cash flow from operating activities of -¥3,830,889.42, an improvement from -¥10,242,594.87 in the previous year[8] - Sales expenses increased by 34.16% to ¥914,491,249, attributed to higher sales scale and increased market investment[17] - Cash payments to employees increased by 30.07% to ¥627,792,657, corresponding to higher sales[17] - Cash received from borrowings surged by 462.52% to ¥352,783,830, driven by increased accounts receivable factoring[17] Investments and Derivatives - The company holds a long-term equity investment in Huayi Compressor, with an initial investment of CNY 24.17 million, representing a 3.74% ownership stake, and a book value of CNY 77.73 million at the end of the reporting period, resulting in a profit of CNY 2.06 million during the reporting period[22] - The company reported a derivative investment of CNY 278.54 million in forward foreign exchange contracts, with a loss of CNY 5.95 million during the reporting period, and a net asset value of CNY 277.84 million at the end of the period[24] - The company confirmed a derivative fair value change loss of CNY 83.28 million, with total investment income of CNY 23.80 million, resulting in a net loss of CNY 5.95 million for the reporting period[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,578[11] - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., held 45.22% of the shares, totaling 612,316,909 shares[11] Other Financial Metrics - Deferred tax assets increased by 35.94% to ¥49,778,627, reflecting continued profitability of subsidiaries[17] - Prepayments increased by 47.72% to ¥521,312,569, mainly due to higher advance payments for materials and equipment[17] - The fair value change loss was ¥83,279,637, primarily due to changes in unfulfilled forward contracts[17]