YYTH(SH:600096)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter was ¥9.09 billion, a decrease of 31.45% year-on-year[11] - Net profit attributable to shareholders was a loss of ¥486.93 million, compared to a loss of ¥262.36 million in the same period last year[11] - The company's operating revenue for the period was CNY 9,092,525,025.25, a decrease of 31.45% compared to the same period last year, primarily due to a decline in sales volume and prices of phosphate fertilizer products, as well as the sale of the fiberglass segment in November 2013[19] - The total profit for the period was CNY -486,612,286.51, indicating a loss increase of CNY 178,211,115.74 compared to the previous year, largely due to a decline in sales prices of key products[20] - The net profit for Q1 2014 was a loss of CNY 510,438,831.54, compared to a loss of CNY 324,371,386.96 in Q1 2013, indicating a worsening of approximately 57.4%[31] - The operating profit for Q1 2014 was a loss of CNY 498,643,491.90, compared to a loss of CNY 334,438,205.40 in the previous year, representing an increase in loss of about 48.9%[31] - The total comprehensive income for Q1 2014 was a loss of CNY 509,156,121.09, compared to a loss of CNY 326,236,028.00 in Q1 2013, indicating a decline of approximately 56.1%[31] Cash Flow - Cash flow from operating activities showed a net outflow of ¥2.13 billion, compared to an inflow of ¥4.98 million in the previous year[11] - The net cash flow from operating activities was CNY -2,132,421,700.52, a decrease of CNY 2,117,844,050.69 compared to the same period last year, primarily due to increased procurement by subsidiaries[21] - The cash flow from operating activities for Q1 2014 was a net outflow of CNY 2,132,421,700.52, compared to a net outflow of CNY 14,577,649.83 in Q1 2013, showing a significant improvement[36] - The net cash flow from investing activities was -280,429,246.58, an improvement from -1,137,952,713.75 in the previous period, indicating a reduction in cash outflow by approximately 75.3%[38] - The net cash flow from financing activities was 2,779,033,429.72, slightly down from 2,906,320,211.72, showing a decrease of approximately 4.4%[38] - The cash and cash equivalents at the end of the period amounted to 7,184,944,647.08, down from 9,447,819,628.90, a decrease of about 24.0%[38] - The net increase in cash and cash equivalents was 118,598,288.14, compared to a decrease of 152,495,356.95 in the previous period, indicating a positive shift[40] Assets and Liabilities - Total assets at the end of the reporting period reached ¥71.38 billion, an increase of 8.69% compared to the end of the previous year[11] - The company's total assets at the end of the period were CNY 71,376,058,222.85, an increase from CNY 65,668,619,651.21 at the beginning of the year[25] - Total liabilities increased to CNY 62.15 billion from CNY 55.98 billion, representing a growth of approximately 11.1%[27] - Current liabilities totaled CNY 48.42 billion, up from CNY 42.43 billion, indicating an increase of about 14.0%[27] - Non-current liabilities amounted to CNY 13.73 billion, slightly up from CNY 13.55 billion, reflecting a growth of approximately 1.3%[27] - Total equity decreased to CNY 9.22 billion from CNY 9.69 billion, a decline of about 4.8%[27] Shareholder Information - The number of shareholders at the end of the reporting period was 50,581, with the top ten shareholders holding 53.83% of the shares[14] Inventory and Receivables - The company's trade receivables increased by 76.93% to ¥7.40 billion, primarily due to increased trade procurement activities[15] - Inventory at the end of the reporting period was ¥12.94 billion, reflecting a 40.57% increase due to higher procurement in trading operations[15] - The company's inventory at the end of the period was CNY 12,939,248,050.81, an increase of 40.57% compared to the beginning of the year[18] - Accounts receivable decreased to CNY 662.19 million from CNY 865.60 million, a reduction of about 23.5%[28] - The company's long-term receivables increased by 32.28% to ¥209 million, attributed to increased financing lease deposits[15] - The company's long-term receivables at the end of the period were CNY 209,000,000.00, an increase of 32.28% compared to the beginning of the year[18] - Accounts payable rose by 32.70% to ¥4.72 billion, driven by increased international trade activities[15] - The company's accounts payable at the end of the period were CNY 4,723,149,063.62, an increase of 32.70% compared to the beginning of the year[18] Operating Costs and Expenses - Operating costs for the period amounted to CNY 7,957,425,483.16, down 31.97% year-on-year, mainly due to reduced sales volume of key products[19] - The total operating costs for Q1 2014 were CNY 9,611,919,222.75, down from CNY 13,590,240,047.95, reflecting a reduction of about 29.3%[31] - The company’s sales expenses for Q1 2014 were CNY 563,638,486.10, a slight decrease from CNY 606,944,667.42 in Q1 2013[31] - The management expenses for Q1 2014 were CNY 458,380,499.02, down from CNY 648,974,442.41 in the same period last year, reflecting a reduction of approximately 29.4%[31] Investment Income - The company's investment income for the period was CNY 20,717,975.60, a significant increase of 1,086.78% year-on-year, attributed to higher investment returns from subsidiaries[19] - The investment income for Q1 2014 was CNY 20,717,975.60, compared to CNY 1,745,725.69 in the previous year, showing a significant increase[31]