MFSP(SH:600235)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 305,406,787.85, a decrease of 4.83% year-on-year[9] - Net profit attributable to shareholders was CNY -6,742,060.84, representing a decline of 322.30% compared to the same period last year[9] - Total operating revenue for the current period is ¥305,406,787.85, a decrease of 4.68% from ¥320,909,855.31 in the previous period[29] - Net profit for the current period is a loss of ¥7,273,841.35, contrasting with a net profit of ¥3,139,549.62 in the previous period[30] - Basic and diluted earnings per share for the current period are both -0.019, down from 0.012 in the previous period[31] Cash Flow - Cash flow from operating activities increased significantly by 625.13% to CNY 33,575,758.85[9] - The net cash flow from operating activities increased to ¥33,575,800 from ¥4,630,300, representing a growth of 625.13%[15] - Cash flow from operating activities shows a net inflow of ¥33,575,758.85, significantly improved from ¥4,630,312.30 in the previous period[34] - Net cash flow from operating activities was ¥34,123,629.19, a significant improvement from a net outflow of ¥36,899,939.18 in the previous period[38] - Cash outflows for operating activities totaled ¥378,740,786.34, compared to ¥369,855,420.26 in the previous period[35] Assets and Liabilities - Total assets decreased by 2.38% to CNY 2,237,900,384.60 compared to the end of the previous year[9] - Total current assets decreased to ¥942,656,257.23 from ¥1,010,427,118.02, reflecting a reduction in liquidity[21] - Total liabilities decreased to ¥815,108,886.49 from ¥862,418,216.65, indicating a reduction in financial obligations[23] - Total liabilities amount to ¥837,590,856.40, a decrease from ¥869,206,035.26 in the previous period[27] - Total equity stands at ¥1,379,482,040.18, slightly down from ¥1,384,879,627.45 in the previous period[27] Investments - Investment income rose significantly by 2837.12% to CNY 125.36 million from previous losses[14] - The company is actively investing in new projects, including a new investment in Shanghai Xianshu Functional Materials Co., Ltd.[13] - Long-term investments increased to ¥94,380,518.54 from ¥65,132,964.42, indicating a strategic focus on long-term growth[21] - The company reported an investment income of ¥1,253,608.83, recovering from a loss of ¥45,760.74 in the previous period[30] - Cash inflow from investment activities was ¥40,596,680.74, down from ¥287,420.78, indicating a decrease of approximately 85.9%[39] Shareholder Information - The number of shareholders totaled 22,301, with the largest shareholder holding 37.69% of the shares[12] Market Conditions - The company anticipates a potential cumulative net profit loss for the year up to the next reporting period due to intensified market competition and rising raw material costs[17] Inventory and Receivables - Inventory levels rose to ¥371,649,881.14 from ¥333,579,159.70, suggesting an increase in stock on hand[21] - The company reported a decrease in accounts receivable to ¥241,702,217.91 from ¥255,140,946.89, reflecting improved collection efforts[21] Cash and Cash Equivalents - The company's cash and cash equivalents increased to ¥207,741,268.96 from ¥200,640,730.71, showing a slight improvement in cash reserves[21] - The ending cash and cash equivalents balance was ¥198,591,268.96, down from ¥597,212,056.20, a decrease of approximately 66.8%[37] - Cash and cash equivalents decreased by ¥10,326,903.42 during the period, compared to an increase of ¥404,794,874.17 in the prior period[40]