兴民智通(002355) - 2015 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2015 was ¥252,264,405.91, a decrease of 28.41% compared to ¥352,390,392.64 in the same period last year[8]. - Net profit attributable to shareholders was ¥7,885,239.86, down 65.77% from ¥23,038,145.63 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥5,244,549.69, a decline of 73.37% compared to ¥19,697,775.25 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.02, representing a 50.00% decrease from ¥0.04 in the previous year[8]. - Operating profit decreased by 68.88% compared to the same period last year, primarily due to a decrease in product revenue and a decline in gross margin[15]. - Investment income decreased by 45.74% compared to the same period last year, primarily due to reduced returns from principal-protected financial products[15]. - The expected net profit for the first half of 2015 is projected to decrease by 40.00% to 70.00% compared to the same period in 2014, with a range of 1,119.73 to 2,239.45 million yuan[16]. - The decline in performance is mainly attributed to the continuous downturn in the commercial vehicle market, particularly in the medium and heavy truck segment, leading to reduced market demand from downstream customers[16]. Cash Flow - The net cash flow from operating activities was ¥9,737,865.07, which is a decrease of 10.36% from ¥10,863,069.28 in the same period last year[8]. - Net cash flow from investment activities decreased by 122.28% compared to the same period last year, mainly due to a reduction in cash received related to investment activities[15]. Assets and Shareholder Information - Total assets at the end of the reporting period were ¥3,053,864,210.02, an increase of 3.70% from ¥2,944,919,989.79 at the end of the previous year[8]. - Net assets attributable to shareholders were ¥1,962,294,595.99, a slight increase of 0.43% from ¥1,953,816,431.90 at the end of the previous year[8]. - The total number of ordinary shareholders at the end of the reporting period was 22,972[10]. - The largest shareholder, Wang Zhicheng, holds 33.84% of the shares, amounting to 173,848,000 shares, with 130,386,000 shares pledged[11]. Accounts and Receivables - Accounts receivable increased by 34.75% at the end of the first quarter compared to the beginning of the period, mainly due to a higher number of bank acceptance bills received this period[15]. - Prepayments decreased by 55.81% at the end of the first quarter compared to the beginning of the period, primarily due to the settlement of most prepayments for materials[15]. - Interest receivable increased by 41.94% at the end of the first quarter compared to the beginning of the period, attributed to increased accrued income from principal-protected financial products[15]. - Accounts payable increased by 32.66% at the end of the first quarter compared to the beginning of the period, mainly due to increased material purchases[15]. - Other payables increased by 75.87% at the end of the first quarter compared to the beginning of the period, mainly due to an increase in received goods deposits[15]. Return on Equity - The weighted average return on equity was 0.40%, down from 1.20% year-on-year, a decrease of 0.80%[8].