GYLS(SH:600059)2014-04-25 16:00Financial Performance - Revenue for the first quarter was CNY 469,885,806.32, representing a decline of 15.63% year-on-year [11]. - Net profit attributable to shareholders was CNY 54,813,204.54, down 13.21% from the same period last year [11]. - The weighted average return on net assets decreased by 0.41 percentage points to 2.18% [11]. - Basic and diluted earnings per share were both CNY 0.09, a decrease of 10% compared to the previous year [11]. - Total operating revenue for Q1 2014 was CNY 469,885,806.32, a decrease of 15.6% compared to CNY 556,913,982.96 in the same period last year [24]. - Net profit for Q1 2014 was CNY 55,159,264.04, representing a decline of 13.0% from CNY 63,352,691.20 in Q1 2013 [24]. - Earnings per share for Q1 2014 were CNY 0.09, down from CNY 0.10 in the previous year [24]. - The company reported an investment income of CNY 307,255.74, significantly higher than CNY 66,118.30 in the previous year [24]. Cash Flow and Liquidity - The company reported a cash flow from operating activities net amount of -CNY 70,581,671.31 for the first quarter [11]. - Cash flow from operating activities showed a net outflow of CNY 70,581,671.31, worsening from a net outflow of CNY 35,646,842.98 in Q1 2013 [29]. - The net cash flow from operating activities was negative at RMB -70,581,671.31, a decline of 98% compared to RMB -35,646,842.98 in the same period last year, attributed to decreased operating income [19]. - The total cash and cash equivalents at the end of the period were 47,515,191.63 RMB, down from 290,654,677.99 RMB at the beginning of the period [32]. - The company incurred cash payments for purchasing goods and services amounting to 192,817,799.58 RMB, an increase from 146,375,316.02 RMB in the previous period [32]. - The cash paid for taxes was 37,408,926.65 RMB, significantly lower than 66,596,841.07 RMB in the previous period, reflecting a reduction in tax liabilities [32]. - Total cash inflow from investing activities was 688,451.90 RMB, while cash outflow was 37,411,778.44 RMB, resulting in a net cash flow of -36,723,326.54 RMB [32]. - Cash inflow from financing activities amounted to 50,000,000.00 RMB, with cash outflow totaling 56,021,911.11 RMB, leading to a net cash flow of -6,021,911.11 RMB [32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,479,670,769.84, a decrease of 3.04% compared to the end of the previous year [10]. - The company's total assets decreased by 3.04% to RMB 3,479,670,769.84 from RMB 3,588,638,221.04, indicating a contraction in overall asset base [19]. - The total liabilities decreased by 16.3% to RMB 896,227,379.39 from RMB 1,071,324,022.95, reflecting a reduction in short-term borrowings and other payables [20]. - The total liabilities decreased to CNY 688,481,919.54 from CNY 742,319,210.47 year-on-year, indicating a reduction of 7.2% [22]. - The total equity attributable to shareholders increased by 2.64% to CNY 2,554,066,301.82 compared to the end of the previous year [11]. - Total equity increased to CNY 2,341,693,701.99, up from CNY 2,317,256,566.17, reflecting a growth of 1.1% [22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 56,417 [13]. - The largest shareholder, China Shaoxing Huangjiu Group Co., Ltd., held 40.55% of the shares, totaling 257,403,167 shares [13]. Operational Efficiency - The company's cash and cash equivalents decreased by 48.14% to RMB 134,513,210.91 from RMB 259,387,682.93 due to increased payment for goods [18]. - Accounts receivable increased by 12.93% to RMB 151,221,696.36 from RMB 133,846,921.74, indicating improved sales performance [19]. - The company reported a 36.70% increase in financial expenses, totaling RMB 6,946,567.93, due to higher bank interest payments [19]. - Sales expenses decreased to CNY 62,264,389.90, down 29.0% from CNY 87,536,224.12 year-on-year [24]. - The prepayments decreased significantly by 83.80% to RMB 14,489,676.90 from RMB 89,450,613.20, reflecting successful sales realization [19]. - The construction in progress increased by 33.76% to RMB 64,352,934.19 from RMB 48,109,929.68, indicating ongoing investment in new projects [18]. Government Support - The company received government subsidies amounting to CNY 841,000.00 during the reporting period [12].