YJFC(SH:600265)2015-04-29 16:00Financial Performance - Revenue for the reporting period decreased by 5.60% to CNY 20,689,192.85 from CNY 21,916,599.92 in the same period last year[6] - Net profit attributable to shareholders decreased by 30.35% to CNY -9,877,905.77 compared to CNY -14,181,548.28 in the previous year[6] - The company's operating revenue for Q1 2015 was CNY 20,689,192.85, a decrease of CNY 1,227,407.07 or 5.60% compared to the same period last year[17] - The net profit for Q1 2015 was a loss of CNY 9,997,200.24, which is a decline of CNY 310,694.93 or 3.21% compared to the previous year[19] - Total operating revenue for the current period is CNY 20,689,192.85, a decrease of 5.6% from CNY 21,916,599.92 in the previous period[35] - Net profit for the current period is a loss of CNY 9,997,200.24, slightly worse than the loss of CNY 9,686,505.31 in the previous period[35] Cash Flow - Cash flow from operating activities improved by 93.49%, resulting in a loss of CNY -1,165,314.76 compared to CNY -17,904,151.79 in the same period last year[6] - Cash inflow from operating activities was 28,183,212.50 RMB, slightly down from 29,493,243.71 RMB year-over-year[45] - Operating cash flow for Q1 2015 was negative at -963,499.73 RMB, an improvement from -17,476,298.50 RMB in the same period last year[45] - Cash received from sales of goods and services increased to CNY 25,429,208.64, an increase of CNY 2,880,309.79 or 12.77% year-over-year[20] - The company reported an increase in cash inflow from sales of goods and services to CNY 25,429,208.64 from CNY 22,548,898.85, an increase of 8.3%[42] Assets and Liabilities - Total assets increased by 2.38% to CNY 426,032,453.56 compared to the end of the previous year[6] - Total liabilities increased by 10.24% to RMB 451.96 million from RMB 409.96 million[13] - Total assets grew by 7.69% to RMB 448.14 million from RMB 416.14 million[13] - Total liabilities reached CNY 429,847,861.66, compared to CNY 409,962,083.31 at the start of the year, marking an increase of around 4.85%[28] - The company's total equity decreased by 161.72% to RMB -3.82 million from RMB 6.18 million, reflecting a significant loss in retained earnings[14] Shareholder Information - The number of shareholders at the end of the reporting period was 7,927[10] - The largest shareholder, Jinggu Senda State-owned Assets Management Co., Ltd., holds 24.67% of the shares[10] - The second-largest shareholder, Zhongtai Credit Guarantee Co., Ltd., holds 24.42% of the shares, with 31,300,000 shares pledged[10] Earnings Per Share - The basic and diluted earnings per share were both CNY -0.08, a decrease of 14.29% compared to the previous year[6] - Basic and diluted earnings per share are both CNY -0.08, compared to CNY -0.07 in the previous period[36] Inventory and Receivables - Accounts receivable increased by 1.14% to RMB 2,104.11 million from RMB 2,080.43 million, mainly due to outstanding payments from customers[14] - Inventory increased by 4.83% to RMB 2,312.77 million from RMB 2,206.25 million, driven by higher finished goods and raw materials[13] - Other receivables surged by 137.14% to RMB 41.15 million from RMB 17.35 million, primarily due to advances for timber production[14] Operational Costs - Operating costs decreased to CNY 17,707,485.18, down CNY 2,123,207.94 or 10.71% year-over-year, primarily due to reduced sales of engineered wood products[17] - Total operating costs decreased to CNY 30,593,898.35 from CNY 35,624,644.77, reflecting a reduction of 14.1%[35] Management and Financial Expenses - Sales expenses decreased to CNY 22,827.73 from CNY 75,977.33, a reduction of 69.9%[39] - Management expenses decreased to CNY 2,110,683.16 from CNY 6,542,512.40, a reduction of 67.7%[39] - Financial expenses decreased to CNY 6,580,346.06 from CNY 8,799,974.12, a reduction of 25.3%[39] Future Outlook - The company plans to continue monitoring its financial performance closely due to ongoing operational challenges and increased costs[23]