HUNAN SILVER(SZ:002716)2015-04-28 16:00Financial Performance - The company's operating revenue for Q1 2015 was ¥1,097,485,238.27, representing a 16.08% increase compared to ¥945,444,571.49 in the same period last year[8]. - The net profit attributable to shareholders of the listed company decreased by 7.16% to ¥47,284,367.38 from ¥50,930,978.53 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 29.52% to ¥34,921,982.13 compared to ¥49,547,261.48 in the previous year[8]. - The basic earnings per share decreased by 12.50% to ¥0.21 from ¥0.24 in the same period last year[8]. - The diluted earnings per share also decreased by 12.50% to ¥0.21 from ¥0.24 year-on-year[8]. - The weighted average return on equity declined by 0.76% to 2.51% compared to 3.27% in the previous year[8]. - The net profit attributable to shareholders for the first half of 2015 is expected to range from 7,045.01 to 11,189.13 million CNY, representing a year-on-year change of -15.00% to 35.00%[21]. - The net profit for the first half of 2014 was 8,288.24 million CNY, indicating a potential recovery in profitability for 2015[21]. Cash Flow and Assets - The net cash flow from operating activities surged by 461.23% to ¥192,646,378.87, up from ¥34,325,912.25 in the same period last year[8]. - Total assets at the end of the reporting period increased by 5.78% to ¥5,966,028,277.13 from ¥5,640,037,802.05 at the end of the previous year[8]. - The net assets attributable to shareholders of the listed company rose by 2.71% to ¥1,910,458,467.28 from ¥1,860,095,149.87 at the end of the previous year[8]. - Operating cash flow net increased by 34.09% compared to the same period last year, mainly due to an increase in cash received from sales of goods[17]. - Investment cash flow net decreased by 101.87% compared to the same period last year, primarily due to increased investment in fundraising projects[17]. Changes in Receivables and Inventories - Prepayments increased by 40.58% compared to the beginning of the year, mainly due to an increase in raw material procurement prepayments[17]. - Other receivables increased by 198.97% compared to the beginning of the year, primarily due to an increase in land guarantee deposits for project bidding[17]. - Construction in progress increased by 174.37% compared to the beginning of the year, mainly due to increased investment in fundraising projects[17]. - Engineering materials increased by 249.79% compared to the beginning of the year, primarily due to increased investment in fundraising projects[17]. - Other non-current assets decreased by 53.10% compared to the beginning of the year, mainly due to the return of land acquisition payments[17]. - Advance receipts increased by 34.55% compared to the beginning of the year, mainly due to an increase in customer prepayments for purchases[17]. Non-Operating Income and Profitability Factors - Non-operating income increased by 543.55% compared to the same period last year, primarily due to an increase in government subsidies[17]. - The increase in government subsidies has significantly boosted the company's non-operating income, contributing to the expected profit range[21]. - However, the gross profit margin for silver products has declined due to fluctuations in silver prices, impacting overall profitability[21]. - Asset impairment losses decreased by 148.65% compared to the same period last year, mainly due to the rise in silver prices and the reversal of inventory write-down provisions[17].