DALIAN INSULATOR(SZ:002606)2015-05-04 16:00Revenue and Profit - Revenue for Q1 2015 was CNY 69,940,611.96, a decrease of 39.52% compared to CNY 115,637,737.48 in the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 10,754,227.06, representing a decline of 376.31% from a profit of CNY 3,892,080.44 in the previous year[8] - Total operating revenue for the current period was CNY 69,940,611.96, a decrease of 39.5% compared to CNY 115,637,737.48 in the previous period[33] - The net profit for Q1 2015 was -7,951,268.62 CNY, a significant decline compared to a net profit of 10,938,053.16 CNY in the same period last year, representing a year-over-year decrease of approximately 172.8%[38] - The net profit for the first half of 2015 is expected to be between 7 million and 10 million yuan, representing a change of -8.85% to 30.22% compared to the same period in 2014[19] - The net profit for the first half of 2014 was 7.6793 million yuan, indicating a potential decrease in sales revenue due to contract delivery periods[19] Cash Flow and Liquidity - The net cash flow from operating activities increased by 36.47% to CNY 67,618,496.51, compared to CNY 49,547,197.03 in the same period last year[8] - Cash and cash equivalents increased to 44,096,930.87 yuan from 34,426,496.32 yuan, showing a growth of approximately 28.8%[25] - Cash and cash equivalents at the end of Q1 2015 totaled 42,420,480.87 CNY, compared to 142,554,289.06 CNY at the end of Q1 2014, indicating a decrease of about 70.2%[43] - The net increase in cash and cash equivalents for the quarter was ¥11,340,269.78, contrasting with a decrease of -¥34,335,433.73 in the same period last year[46] - The ending balance of cash and cash equivalents was ¥33,810,256.72, compared to ¥124,339,019.17 at the end of the previous year, showing a significant decline[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,323,681,526.18, a slight decrease of 0.17% from CNY 1,325,984,084.65 at the end of the previous year[8] - Total current assets at the end of the reporting period amounted to 730,663,487.12 yuan, slightly up from 729,966,343.42 yuan at the beginning of the period[25] - Total liabilities at the end of the reporting period were 577,660,343.89 yuan, compared to 568,320,229.09 yuan at the beginning, indicating an increase of about 1.9%[27] - The company's total assets decreased to CNY 1,173,311,241.35 from CNY 1,179,504,638.86, a decline of 0.5%[30] - The total liabilities increased to CNY 480,356,782.69 from CNY 478,598,911.58, reflecting a rise of 0.4%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,175[10] - The top shareholder, Liu Guixue, holds 32.00% of the shares, totaling 64,000,000 shares[11] Operational Performance - Operating costs decreased by 33.34% compared to the previous year, reflecting the decline in revenue[16] - Total operating costs amounted to CNY 86,190,824.27, down from CNY 111,568,110.92, reflecting a reduction of 22.7%[34] - Operating profit for Q1 2015 was -11,661,995.14 CNY, compared to -914,785.75 CNY in Q1 2014, indicating a worsening operational performance[38] Inventory and Receivables - Accounts receivable decreased to 284,706,372.92 yuan from 383,092,336.02 yuan, a decline of about 25.7%[25] - Inventory increased to 321,992,138.88 yuan from 267,639,531.40 yuan, reflecting a rise of approximately 20.3%[25] - Accounts receivable decreased significantly to CNY 273,630,146.66 from CNY 375,436,098.90, a drop of 27.2%[30] - Inventory increased to CNY 224,050,803.04 from CNY 176,665,270.63, representing a growth of 26.8%[30] Financial Expenses and Taxes - The company incurred financial expenses of 2,390,885.93 CNY in Q1 2015, down from 3,675,888.86 CNY in Q1 2014, representing a reduction of approximately 34.9%[38] - The company paid 10,166,476.85 CNY in taxes during Q1 2015, which is a significant increase from 4,661,082.12 CNY in Q1 2014, reflecting an increase of approximately 117.1%[42] Other Information - The company has no securities investments or holdings in other listed companies during the reporting period[20][21] - The company has committed to avoiding competition with its own subsidiaries, ensuring compliance with long-term commitments[19] - The company did not undergo an audit for the first quarter report[47]