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黑芝麻(000716) - 2014 Q4 - 年度财报
2015-04-10 16:00
南方黑芝麻集团股份有限公司 2014 年度报告全文 南方黑芝麻集团股份有限公司 2014 年度报告 (股票代码:000716) 2015 年 04 月 1 南方黑芝麻集团股份有限公司 2014 年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和 连带的法律责任。 除下列董事外,其他董事亲自出席了审议本次年报的董事会会议 | 未亲自出席董事 | 未亲自出席董事 | 未亲自出席会议 | 被委托人姓名 | | --- | --- | --- | --- | | 姓名 | 职务 | 原因 | | | 赵金华 | 董事 | 身体不适 | 张志浩 | | 陆振猷 | 董事 | 因公出差 | 李文杰 | 经公司第八届董事会第五次会议审议通过的 2014 年度利润分配预案为:以 公司股本 318,542,222 股为基数,向全体股东每 10 股派发现金红利 0.60 元(含 税),不送红股,不以公积金转增股本。 公司负责人韦清文、主管会计工作负责人李维昌及会计机构负责人(会计主 管人员)梁健秋声明: ...
黑芝麻(000716) - 2014 Q3 - 季度财报
2014-10-23 16:00
南方黑芝麻集团股份有限公司 2014 年第三度报告正文 证券代码:000716 证券简称:南方食品 公告编号:2014-081 南方黑芝麻集团股份有限公司 2014 年第三季度报告正文 1 南方黑芝麻集团股份有限公司 2014 年第三度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人韦清文、主管会计工作负责人李维昌及会计机构负责人(会计主 管人员)梁健秋声明:保证季度报告中财务报表的真实、准确、完整。 2 南方黑芝麻集团股份有限公司 2014 年第三度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | 总资产(元) | 1,433,126,319.42 | 1,459,065,704 ...
黑芝麻(000716) - 2013 Q4 - 年度财报(更新)
2014-08-06 16:00
南方黑芝麻集团股份有限公司 2013 年度报告全文(修订版) 南方黑芝麻集团股份有限公司 2013 年度报告(修订版) (股票代码:000716) 2014 年 04 月 1 南方黑芝麻集团股份有限公司 2013 年度报告全文(修订版) 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司经本次董事会审议通过的利润分配预案为:以 2013 年 12 月 31 日的公 司总股本为基数,向全体股东每 10 股派发现金红利 0.50 元(含税),送红股 0 股(含税),不以公积金转增股本。 公司负责人韦清文、主管会计工作负责人李维昌及会计机构负责人(会计主 管人员)梁健秋声明:保证年度报告中财务报告的真实、准确、完整。 2 | 2013 年度报告 1 | | --- | | 一、重要提示、目录和释义 2 | | 二、公司简介 6 | | 三、会计数据和财务指标摘要 8 | | 四、董事会报告 10 | | 五、重要事项 30 | | 六、 ...
黑芝麻(000716) - 2014 Q2 - 季度财报
2014-07-28 16:00
南方黑芝麻集团股份有限公司 2014 年半年度报告全文 南方黑芝麻集团股份有限公司 2014 年半年度报告 (股票代码:000716) 2014 年 07 月 1 南方黑芝麻集团股份有限公司 2014 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利,不送红股,不以公积金转增股本。 公司负责人韦清文、主管会计工作负责人李维昌及会计机构负责人(会计主 管人员)梁健秋声明:保证本半年度报告中财务报告的真实、准确、完整。 2 | 2014 | 半年度报告 1 | | --- | --- | | 第一节 | 重要提示、目录和释义 2 | | 第二节 | 公司简介 5 | | 第三节 | 会计数据和财务指标摘要 6 | | 第四节 | 董事会报告 7 | | 第五节 | 重要事项 15 | | 第六节 | 股份变动及股东情况 22 | | 第七节 | 优先股相关情况 25 | | 第八节 | 董事、监事 ...
黑芝麻(000716) - 2013 Q4 - 年度财报
2014-04-24 16:00
南方黑芝麻集团股份有限公司 2013 年度报告全文 南方黑芝麻集团股份有限公司 2013 年度报告 (股票代码:000716) 2014 年 04 月 1 南方黑芝麻集团股份有限公司 2013 年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司经本次董事会审议通过的利润分配预案为:以 2013 年 12 月 31 日的公 司总股本为基数,向全体股东每 10 股派发现金红利 0.50 元(含税),送红股 0 股(含税),不以公积金转增股本。 公司负责人韦清文、主管会计工作负责人李维昌及会计机构负责人(会计主 管人员)梁健秋声明:保证年度报告中财务报告的真实、准确、完整。 2 | | | | 年度报告 1 2013 | | | --- | --- | | 一、重要提示、目录和释义 2 | | | 二、公司简介 6 | | | 三、会计数据和财务指标摘要 8 | | | 四、董事会报告 | 10 | | 五、重要事项 | ...
黑芝麻(000716) - 2014 Q1 - 季度财报
2014-04-24 16:00
Section I Important Notice The board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume legal responsibility[4](index=4&type=chunk) - All directors attended the board meeting to review this quarterly report[5](index=5&type=chunk) - Company head Wei Qingwen, chief accountant Li Weichang, and head of accounting department Liang Jianqiu declare and guarantee the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[5](index=5&type=chunk) [Section II Key Financial Data and Shareholder Changes](index=3&type=section&id=Section%20II%20Key%20Financial%20Data%20and%20Shareholder%20Changes) This section presents the company's key financial performance and position, along with details of major shareholders at the end of the reporting period [I. Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company achieved significant growth in operating revenue and net profit attributable to shareholders, but net cash flow from operating activities substantially decreased Key Accounting Data and Financial Indicators (Current Period vs Prior Year Period) | Indicator | Current Period (RMB) | Prior Year Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 369,789,047.16 | 301,071,849.26 | 22.82% | | Net Profit Attributable to Shareholders of Listed Company | 27,211,381.56 | 19,417,107.91 | 40.14% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains and Losses) | 21,325,214.27 | 18,770,781.35 | 13.61% | | Net Cash Flow from Operating Activities | -101,684,691.86 | -34,191,351.81 | 197.40% | | Basic Earnings Per Share (RMB/share) | 0.116 | 0.083 | 39.76% | | Diluted Earnings Per Share (RMB/share) | 0.116 | 0.083 | 39.76% | | Weighted Average Return on Net Assets (%) | 3.21% | 3.85% | -0.64% | | **End of Current Period vs End of Prior Year:** | | | | | Total Assets (RMB) | 1,437,264,973.94 | 1,459,065,704.47 | -1.49% | | Net Assets Attributable to Shareholders of Listed Company (RMB) | 860,787,616.66 | 833,576,235.08 | 3.26% | Non-Recurring Gains and Losses Items and Amounts (Year-to-Date) | Item | Amount Year-to-Date (RMB) | Explanation | | :--- | :--- | :--- | | Government grants recognized in current profit or loss | 4,450,000.00 | | | Gains and losses from contingent events unrelated to the company's normal operations | -194,934.25 | | | Other non-operating income and expenses apart from the above | 2,195.32 | | | Other gain/loss items meeting the definition of non-recurring | 1,624,939.91 | | | Impact on minority interests (after tax) | -3,966.31 | | | Total | 5,886,167.29 | -- | [II. Total Number of Shareholders and Top Ten Shareholders' Holdings at Period End](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period%20End) As of the reporting period end, the company had 10,490 shareholders, with the controlling shareholder, Guangxi Heiwulei Food Group, holding 33.24% of shares, some of which are pledged - The total number of shareholders at the end of the reporting period was **10,490**[11](index=11&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Ratio (%) | Number of Shares Held | Number of Restricted Shares Held | Share Status | Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Guangxi Heiwulei Food Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 33.24% | 81,765,414 | 41,299,992 | Pledged | 40,000,000 | | Wei Qingwen | Domestic Natural Person | 4.47% | 11,000,000 | 11,000,000 | Pledged | 11,000,000 | | China Construction Bank - Huaxia Dividend Mixed Open-end Securities Investment Fund | Other | 3.68% | 9,063,493 | 0 | | | | Industrial and Commercial Bank of China - Noah Stock Investment Fund | Other | 3.48% | 8,555,407 | 0 | | | | Industrial and Commercial Bank of China - Huitianfu Balanced Growth Stock Investment Fund | Other | 3.25% | 8,000,241 | 0 | | | | Beijing Zhongwai Mingren Technology Co., Ltd. | Domestic Non-State-Owned Legal Person | 2.42% | 5,952,960 | 5,952,960 | Frozen | 3,000,000 | | Taiping Life Insurance Co., Ltd. - Dividend - Group Insurance Dividend | Other | 2.34% | 5,767,470 | 0 | | | | Li Hanchao | Domestic Natural Person | 2.13% | 5,250,000 | 5,250,000 | | | | Li Hanrong | Domestic Natural Person | 2.13% | 5,250,000 | 5,250,000 | | | | Li Yuqi | Domestic Natural Person | 2.03% | 5,000,000 | 5,000,000 | | | - Natural person shareholders Wei Qingwen, Li Hanchao, Li Hanrong, and Li Yuqi have an associated relationship with the largest shareholder, Heiwulei Food Group, and are acting in concert[12](index=12&type=chunk) [Section III Important Matters](index=6&type=section&id=Section%20III%20Important%20Matters) This section details significant events, including major changes in financial statement items, progress on key initiatives, and commitments from major shareholders [I. Significant Changes in Major Accounting Statement Items and Financial Indicators During the Reporting Period and Their Causes](index=6&type=section&id=I.%20Significant%20Changes%20in%20Major%20Accounting%20Statement%20Items%20and%20Financial%20Indicators%20During%20the%20Reporting%20Period%20and%20Their%20Causes) This section explains the reasons for significant changes in balance sheet, income statement, and cash flow statement items, primarily due to sales growth, increased government subsidies, and higher operating cash outflows [1. Significant Changes in Balance Sheet Items and Their Causes](index=6&type=section&id=1.%20Significant%20Changes%20in%20Balance%20Sheet%20Items%20and%20Their%20Causes) Cash and cash equivalents decreased by 43.91% due to increased payments; accounts receivable grew by 43.66% due to higher sales; taxes payable decreased by 36.66% due to prior year's large sales and current period's payment; interest payable decreased by 41.38% due to a change in payment method Significant Changes in Balance Sheet Items and Their Causes | Item Name | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | Change Ratio (%) | Reason Analysis | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 136,713,917.88 | 243,758,388.75 | -43.91% | Increased payments for prior year's goods, operating expenses, etc | | Accounts Receivable | 93,754,308.81 | 65,260,331.28 | 43.66% | Increased sales in the current period, leading to a corresponding increase in accounts receivable | | Taxes Payable | 17,203,332.20 | 27,161,713.38 | -36.66% | Large sales in December of the prior year resulted in higher taxes payable, and accrued taxes were paid in January of this year | | Interest Payable | 381,714.90 | 651,117.33 | -41.38% | Subsidiary Jiangxi Nanfang Company changed its interest payment method, paying current period interest in the current period, no longer accruing interest for cross-period payments | [2. Significant Changes in Income Statement Items and Their Causes](index=6&type=section&id=2.%20Significant%20Changes%20in%20Income%20Statement%20Items%20and%20Their%20Causes) Operating costs increased by 30.68% due to higher sales revenue; investment income grew by 287.31% as accrued per contract; non-operating income rose by 143.51% due to increased government grants; net profit attributable to shareholders increased by 40.14% due to higher revenue Significant Changes in Income Statement Items and Their Causes | Item Name | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change Ratio (%) | Reason Analysis | | :--- | :--- | :--- | :--- | :--- | | Operating Costs | 281,340,595.85 | 215,291,467.99 | 30.68% | Increased sales revenue in the current period, leading to a corresponding increase in operating costs | | Investment Income | 1,625,000.00 | 419,558.05 | 287.31% | Investment income accrued for the current period as per contract | | Non-Operating Income | 6,172,355.32 | 2,534,789.82 | 143.51% | Increased government grants | | Net Profit Attributable to Shareholders of Listed Company (RMB) | 27,211,381.56 | 19,417,107.91 | 40.14% | Increased revenue in the current period, leading to a corresponding increase in profit | [3. Significant Changes in Cash Flow Statement Items and Their Causes](index=6&type=section&id=3.%20Significant%20Changes%20in%20Cash%20Flow%20Statement%20Items%20and%20Their%20Causes) Net cash flow from operating activities significantly decreased by 197.40% due to increased payments for prior year's goods and rising raw material costs; net cash flow from investing activities decreased by 35.62% due to increased investment income; net cash flow from financing activities decreased by 81.18% due to reduced financing in the current period Significant Changes in Cash Flow Statement Items and Their Causes | Item Name | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change Ratio (%) | Reason Analysis | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -101,684,691.86 | -34,191,351.81 | 197.40% | Increased payments for prior year's goods and rising raw material costs led to increased payments for raw materials | | Net Cash Flow from Investing Activities | -10,175,691.40 | -15,805,164.77 | -35.62% | Increased investment income | | Net Cash Flow from Financing Activities | 4,815,912.39 | 25,590,761.88 | -81.18% | Reduced financing in the current period | [II. Progress of Important Matters, Their Impact, and Analysis of Solutions](index=7&type=section&id=II.%20Progress%20of%20Important%20Matters%2C%20Their%20Impact%2C%20and%20Analysis%20of%20Solutions) The company announced a private placement plan to raise up to RMB 950 million for black sesame milk production bases and working capital, and established a wholly-owned subsidiary in Chuzhou with RMB 100 million registered capital - On March 25, 2014, the company announced a private placement plan to issue no more than **81 million A-shares** to no more than **10 specific investors**, raising a total of no more than **RMB 950 million**[17](index=17&type=chunk) - The raised funds will be used for the "Jiangxi Nanfang Black Sesame Milk Production Base Project," "Chuzhou Nanfang Black Sesame Milk Production Base Project," and "replenishing working capital"[17](index=17&type=chunk) - On March 25, 2014, the company decided to establish a wholly-owned subsidiary in Chuzhou, Anhui Province, which was approved on April 1 with a registered capital of **RMB 100 million**[17](index=17&type=chunk) [III. Commitments Made by the Company or Shareholders Holding 5% or More of Shares During or Prior to the Reporting Period and Continuing into the Reporting Period](index=7&type=section&id=III.%20Commitments%20Made%20by%20the%20Company%20or%20Shareholders%20Holding%205%25%20or%20More%20of%20Shares%20During%20or%20Prior%20to%20the%20Reporting%20Period%20and%20Continuing%20into%20the%20Reporting%20Period) The controlling shareholder, Heiwulei Food Group, committed to transferring the acquired warehouse and land assets of Heiwulei Logistics to Heiwulei Logistics, with the second step of the complex transfer process currently under review by relevant authorities - The controlling shareholder, Heiwulei Food Group, committed to transferring the acquired warehouse and land assets of Heiwulei Logistics Company to Heiwulei Logistics Company[18](index=18&type=chunk) - The asset transfer process is complex, requiring the assets to first be transferred to Heiwulei Food Group and then to Heiwulei Logistics Company, following the company change sequence[18](index=18&type=chunk) - As of the end of 2013, the aforementioned assets were renamed under Heiwulei Food Group, and the application materials for the second step of asset transfer to Heiwulei Logistics Company were submitted to housing administration and other departments during the reporting period and have been accepted[19](index=19&type=chunk) [IV. Forecast of Operating Performance for January-June 2014](index=8&type=section&id=IV.%20Forecast%20of%20Operating%20Performance%20for%20January-June%202014) The company has not issued any warnings or explanations regarding a potential loss or significant change in operating performance for January-June 2014 - The company has not issued any warnings or explanations regarding a potential cumulative net profit loss or significant change compared to the prior year for January-June 2014[21](index=21&type=chunk) [V. Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=8&type=section&id=V.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) During the reporting period, the company engaged in telephone communications with various institutions and individual investors, discussing new product marketing, advertising, and market expansion strategies - During the reporting period, the company engaged in telephone communications with various institutions and individual investors, including Guotai Junan Securities, Guojin Securities, Changjiang Securities, Huitianfu Fund, and Ping An Securities[21](index=21&type=chunk) - Key topics of communication included the market marketing of the new black sesame milk product, CCTV advertising, the company's main business market expansion, and the marketing teams and sales composition for both black sesame paste and black sesame milk products[21](index=21&type=chunk) [Section IV Financial Statements](index=9&type=section&id=Section%20IV%20Financial%20Statements) This section presents the company's consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements [1. Consolidated Balance Sheet](index=9&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of the reporting period end, consolidated total assets were RMB 1.437 billion, slightly down from the beginning of the period, with a significant decrease in cash and cash equivalents but increases in accounts receivable and inventory Consolidated Balance Sheet Key Data (Period-End Balance vs Period-Beginning Balance) | Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 1,437,264,973.94 | 1,459,065,704.47 | | Cash and Cash Equivalents | 136,713,917.88 | 243,758,388.75 | | Accounts Receivable | 93,754,308.81 | 65,260,331.28 | | Inventories | 131,287,240.91 | 104,443,732.31 | | Total Liabilities | 572,661,293.81 | 621,501,944.50 | | Total Equity Attributable to Parent Company Owners | 860,787,616.66 | 833,576,235.08 | [2. Parent Company Balance Sheet](index=11&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) As of the reporting period end, parent company total assets were RMB 1.054 billion, showing growth from the beginning of the period, with significant increases in cash and cash equivalents, accounts receivable, and prepayments Parent Company Balance Sheet Key Data (Period-End Balance vs Period-Beginning Balance) | Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 1,054,418,948.62 | 982,278,463.13 | | Cash and Cash Equivalents | 44,652,546.67 | 33,874,121.42 | | Accounts Receivable | 56,360,330.21 | 0 | | Prepayments | 133,831,595.76 | 76,481,465.00 | | Total Liabilities | 196,474,454.79 | 128,617,171.75 | | Total Owners' Equity | 857,944,493.83 | 853,661,291.38 | [3. Consolidated Income Statement](index=14&type=section&id=3.%20Consolidated%20Income%20Statement) During the reporting period, the company achieved total operating revenue of RMB 370 million, a 22.82% year-on-year increase, with operating profit, total profit, and net profit attributable to parent company owners all showing growth Consolidated Income Statement Key Data (Current Period Amount vs Prior Period Amount) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 369,789,047.16 | 301,071,849.26 | | Total Operating Costs | 350,351,487.98 | 284,369,078.67 | | Operating Profit | 21,062,559.18 | 17,122,328.64 | | Total Profit | 27,039,920.16 | 19,445,967.62 | | Net Profit Attributable to Parent Company Owners | 27,211,381.56 | 19,417,107.91 | | Basic Earnings Per Share | 0.116 | 0.083 | [4. Parent Company Income Statement](index=15&type=section&id=4.%20Parent%20Company%20Income%20Statement) During the reporting period, the parent company generated operating revenue of RMB 189 million, achieving a net profit of RMB 4.28 million, turning around from a loss in the prior year Parent Company Income Statement Key Data (Current Period Amount vs Prior Period Amount) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Operating Revenue | 189,047,037.30 | 150,000.00 | | Operating Profit | 4,478,136.70 | -5,029,367.97 | | Total Profit | 4,283,202.45 | -4,287,964.18 | | Net Profit | 4,283,202.45 | -4,287,964.18 | [5. Consolidated Cash Flow Statement](index=16&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) Net cash flow from operating activities was a negative RMB 102 million, a significant increase in outflow; net cash flow from investing activities was a negative RMB 10.17 million, a reduced outflow; net cash flow from financing activities was RMB 4.81 million, a substantial decrease from the prior year Consolidated Cash Flow Statement Key Data (Current Period Amount vs Prior Period Amount) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -101,684,691.86 | -34,191,351.81 | | Net Cash Flow from Investing Activities | -10,175,691.40 | -15,805,164.77 | | Net Cash Flow from Financing Activities | 4,815,912.39 | 25,590,761.88 | | Net Increase in Cash and Cash Equivalents | -107,044,470.87 | -24,405,754.70 | | Period-End Balance of Cash and Cash Equivalents | 136,713,917.88 | 27,938,185.30 | [6. Parent Company Cash Flow Statement](index=19&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) Net cash flow from operating activities was RMB 4.42 million, a decrease from the prior year; net cash flow from investing activities was RMB 6.36 million, turning from an outflow to an inflow; net cash flow from financing activities was zero, compared to an outflow in the prior year Parent Company Cash Flow Statement Key Data (Current Period Amount vs Prior Period Amount) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 4,419,385.29 | 8,021,317.95 | | Net Cash Flow from Investing Activities | 6,359,039.96 | -10,539,190.00 | | Net Cash Flow from Financing Activities | 0 | -89,883.20 | | Period-End Balance of Cash and Cash Equivalents | 44,652,546.67 | 1,883,489.70 | [II. Audit Report](index=20&type=section&id=II.%20Audit%20Report) The company's first-quarter report for 2014 was unaudited - The company's first-quarter report was unaudited[44](index=44&type=chunk)