MFSP(SH:600235)2015-04-29 16:00Financial Performance - Operating revenue rose by 7.52% to CNY 328,362,539.15 year-on-year[7] - Net profit attributable to shareholders decreased by 44.82% to CNY -9,763,753.88 compared to the same period last year[7] - Basic earnings per share decreased by 47.37% to CNY -0.028[7] - Total profit decreased by 39.20% to -¥1,012.49 million, primarily due to reduced investment income from joint ventures and timing differences in tax refunds[14] - The net profit for Q1 2015 was a loss of CNY 10,124,949.02, compared to a loss of CNY 7,273,841.35 in the previous year, reflecting a decline in profitability[26] - The net profit attributable to the parent company for Q1 2015 was -9,763,753.88 RMB, compared to -6,742,060.84 RMB in the same period last year, representing a decline of approximately 45%[27] - Operating profit for Q1 2015 was -8,213,575.83 RMB, slightly worse than -7,892,292.69 RMB in Q1 2014[30] - The total comprehensive income for Q1 2015 was -10,124,949.02 RMB, compared to -7,273,841.35 RMB in the previous year, indicating a 39% increase in losses[27] Cash Flow - Cash flow from operating activities decreased by 46.58% to CNY 17,936,136.81[7] - Net cash flow from operating activities reached $65,235,291.66, significantly up from $34,123,629.19, marking an increase of about 91.3%[37] - Cash inflow from investment activities was $196,465,672.64, compared to $40,596,680.74 in the prior period, indicating a substantial increase of approximately 384.5%[38] - Cash inflow from financing activities amounted to $326,959,125.99, up from $193,054,055.14, representing an increase of about 69.5%[38] - The ending balance of cash and cash equivalents was $175,864,443.93, compared to $70,367,728.68 at the end of the previous period, reflecting a significant increase of approximately 150.0%[38] Assets and Liabilities - Total assets increased by 7.02% to CNY 2,543,203,286.5 compared to the end of the previous year[7] - Accounts receivable decreased by 19.42% to ¥122.52 million due to a reduction in goods settled by notes[12] - Prepayments increased by 82.65% to ¥18.18 million, attributed to an increase in the amount of goods purchased without receiving settlement invoices[13] - Other current assets rose by 42.67% to ¥103.97 million, mainly due to a decrease in financial products at the end of the period[13] - Long-term borrowings increased by 64.04% to ¥216.53 million, driven by increased project financing for a subsidiary[13] - The total liabilities increased to ¥1,150.40 million, reflecting a rise in short-term borrowings and accounts payable[19] - Total liabilities reached CNY 1,018,604,626.07, up from CNY 945,130,902.46, marking an increase of about 7.8%[23] Shareholder Information - The total number of shareholders reached 16,149 at the end of the reporting period[10] - The largest shareholder, Jiaxing Minfeng Group Co., Ltd., holds 37.69% of the shares[11] Market Outlook - The company forecasts a potential cumulative net loss for the year due to intensified market competition and rising raw material prices[16] - The company has not disclosed any significant new product developments or market expansion strategies in this report[4]