史丹利(002588) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥1,358,820,906.77, a decrease of 7.84% compared to the same period last year[8]. - Net profit attributable to shareholders increased by 24.55% to ¥102,739,414.78, compared to ¥82,485,252.53 in the previous year[8]. - Basic earnings per share rose by 23.68% to ¥0.47, compared to ¥0.38 in the previous year[8]. - The net profit attributable to shareholders for the first half of 2014 is expected to increase by 10% to 30% compared to the same period last year, with an estimated range of 234.71 million to 277.38 million yuan[26]. Cash Flow - The net cash flow from operating activities decreased by 45.35% to ¥86,896,831.57, down from ¥159,008,940.33 in the same period last year[8]. - Net cash flow from operating activities decreased by 45.35% compared to the previous period, mainly due to increased cash settlements for raw material payments and salary payments[21]. - The net cash flow from financing activities decreased by 99.72% compared to the previous period, mainly due to the issuance of medium-term notes in the previous period[21]. Assets and Equity - Total assets at the end of the reporting period were ¥4,440,203,381.62, an increase of 3.42% from the end of the previous year[8]. - The company's total equity attributable to shareholders increased by 3.85% to ¥2,769,644,100.95 from ¥2,666,904,686.17 at the end of the previous year[8]. - The weighted average return on equity was 3.78%, up from 3.52% in the previous year, reflecting improved profitability[8]. Receivables and Inventory - The company's accounts receivable increased significantly by 114.62% to ¥54,527,773.84, primarily due to allowing some quality customers to defer payment[17]. - Inventory increased by 34.32% to ¥887,473,708.49, compared to ¥660,714,931.72 at the beginning of the period[17]. - Inventory increased by 34.32% compared to the beginning of the period, primarily due to increased raw material purchases[18]. - Other current assets increased by 92.05% compared to the beginning of the period, mainly due to an increase in prepaid taxes[18]. - Prepaid accounts decreased by 43.63% compared to the beginning of the period, mainly due to a reduction in prepaid raw material payments[18]. Expenses and Income - Operating tax and additional fees increased by 119.40% compared to the previous period, mainly due to increased interest settlements with subsidiaries[19]. - Financial expenses decreased by 42.57% compared to the previous period, primarily due to reduced interest income from deposits[19]. - Investment income increased by 732.71% compared to the previous period, mainly due to the purchase of financial products[19]. - The company reported non-recurring gains and losses totaling ¥4,536,401.32 for the reporting period[9]. Dividends - The company plans to distribute cash dividends amounting to no less than 30% of the average distributable profit over the last three years[25].