保利联合(002037) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was CNY 675,899,978.94, representing an increase of 18.44% compared to CNY 570,649,521.13 in the same period last year[9]. - Net profit attributable to shareholders was CNY 22,949,427.63, up 12.5% from CNY 20,400,047.42 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was CNY 23,309,884.28, reflecting a 13.26% increase from CNY 20,580,850.78 in the previous year[9]. - The company expects net profit attributable to shareholders for the first half of 2014 to range from 87.42 million yuan to 113.65 million yuan, reflecting a growth of 0% to 30%[24]. - The increase in net profit is attributed to higher sales of explosives and blasting engineering income compared to the previous year[24]. Assets and Shareholder Information - The company's total assets at the end of the reporting period were CNY 6,319,410,812.70, a growth of 3.77% from CNY 6,090,084,605.84 at the end of the previous year[9]. - The net assets attributable to shareholders increased to CNY 1,788,546,083.14, marking a 1.31% rise from CNY 1,765,361,834.12[9]. - The number of shareholders at the end of the reporting period was 21,244[12]. - The largest shareholder, Guizhou Jiulian Enterprise Group Co., Ltd., held 30.26% of the shares, totaling 99,060,445 shares[12]. Cash Flow and Expenses - The cash flow from operating activities showed a net outflow of CNY 263,466,175.29, which is a deterioration of 11.6% compared to the outflow of CNY 236,074,088.83 in the same period last year[9]. - Operating cash flow net amount decreased by 27.39 million yuan, attributed to negative cash flow from BT projects of the subsidiary[19]. - Financing cash flow net amount decreased by 15.61 million yuan, a decline of 50.55%, due to a net increase in bank loans of 141.9 million yuan compared to 293.2 million yuan in the same period last year[19]. Changes in Costs and Liabilities - The company reported a significant increase in engineering materials, which rose by 295.41% to CNY 9,740,000 due to increased project material reserves[17]. - Other payables increased by CNY 21,933,000, a growth of 97.97%, primarily due to the increase in performance bonds received by a subsidiary[17]. - Sales expenses increased by 14.13 million yuan, a growth of 61.47%, primarily due to expanded market sales areas and increased transportation costs[18]. - Financial expenses rose by 11.68 million yuan, a growth of 66.03%, mainly due to an increase in bank loans by 187.2 million yuan and interest expenses from a 600 million yuan bond issuance[18].