YJFC(SH:600265)2014-04-29 16:00Financial Performance - Operating revenue increased by 59.78% to CNY 21,916,599.92 compared to the same period last year[12] - Net profit attributable to shareholders was a loss of CNY 9,648,808.43, showing an improvement from a loss of CNY 15,914,435.61 in the same period last year[12] - Basic earnings per share were CNY -0.07, an improvement from CNY -0.12 in the same period last year[12] - Operating revenue for Q1 2014 reached CNY 21,916,599.92, an increase of CNY 8,199,498.66 or 59.78% compared to the same period last year[18] - Net profit for Q1 2014 was a loss of CNY 9,686,505.31, which is a reduction in loss of CNY 6,227,930.30 or 39.13% year-over-year[18] - Operating profit improved to -¥13,708,044.85 from -¥15,931,623.53, indicating a reduction in losses[36] - Net profit for the current period was -¥9,686,505.31, an improvement from -¥15,928,382.83 in the previous period, representing a 39% reduction in losses[37] Assets and Liabilities - Total assets decreased by 5.36% to CNY 509,258,685.27 compared to the end of the previous year[12] - Total liabilities decreased by 3.94% to CNY 466.06 million from CNY 485.19 million[15] - Owner's equity decreased by 18.32% to CNY 43.20 million from CNY 52.89 million, mainly due to production losses and increased costs[16] - Current assets decreased from CNY 357,206,642.27 to CNY 331,770,461.83, representing a decrease of about 7.1%[28] - Total liabilities to equity ratio increased, indicating a higher financial leverage situation for the company[29] Cash Flow - Cash flow from operating activities was negative at CNY -17,904,151.79, compared to CNY -517,114.16 in the same period last year[12] - Cash received from sales of goods and services was CNY 22,548,898.85, an increase of CNY 5,824,284.75 or 34.83% compared to the previous year[19] - Cash paid for purchasing goods and services was CNY 21,334,054.20, an increase of CNY 13,316,076.17 or 166.08% year-over-year[19] - Total cash outflow from financing activities was -¥17,728,324.81, compared to -¥390,194.26 in the previous period[44] - The net increase in cash and cash equivalents was -$35,209,423.31, reflecting a decrease in liquidity[48] Shareholder Information - The total number of shareholders was 10,134 as of the report date[13] - The largest shareholder, Jinggu Senda State-owned Assets Management Co., Ltd., holds 24.67% of the shares[13] Operational Challenges - The company reported a significant reduction in operational performance, with multiple production facilities idled and overall financial strain[17] - The company is facing ongoing litigation with Kunming Changsheng Hongrui Trading Co., which may impact its financial statements and operations[21] Government Support - Government subsidies recognized in the current period amounted to CNY 4,118,906.43[12] - Tax refunds received amounted to CNY 4,118,906.43, a 100% increase from zero in the same period last year[19]