安琪酵母(600298) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 797,738,390.22, representing a growth of 21.33% year-on-year[8] - Net profit attributable to shareholders decreased by 28.59% to CNY 36,207,944.57 compared to the same period last year[8] - Basic and diluted earnings per share decreased by 28.57% to CNY 0.110[8] - Total operating revenue for Q1 2014 was CNY 797,738,390.22, an increase of 21.4% compared to CNY 657,516,957.96 in the same period last year[27] - Net profit for Q1 2014 was CNY 42,814,650.31, down 29.8% from CNY 60,995,769.85 in Q1 2013[27] - Basic and diluted earnings per share for Q1 2014 were both CNY 0.110, compared to CNY 0.154 in Q1 2013[27] - Operating profit for Q1 2014 was CNY 53,080,336.31, a decrease of 13.7% from CNY 61,349,417.30 in the previous year[27] - Total comprehensive income for Q1 2014 was CNY 42,497,613.17, down from CNY 50,706,342.82 in the same period last year[27] - Total operating costs for Q1 2014 were CNY 742,435,183.78, an increase of 24.7% from CNY 595,375,261.20 in Q1 2013[27] Cash Flow - Cash flow from operating activities improved to -CNY 65,130,753.48, compared to -CNY 115,239,362.36 in the previous year[8] - Cash flow from operating activities decreased by 43.48% year-on-year due to increased sales scale and timely cash recovery[13] - Cash and cash equivalents decreased by 74.49% year-on-year due to accelerated capital turnover and reduced cash reserves[13] - Cash inflow from operating activities totaled ¥1,090,679,222.84, compared to ¥811,522,673.71, marking an increase of 34.4%[36] - Net cash flow from operating activities improved to ¥160,695,578.32, compared to a negative cash flow of ¥40,033,439.67 in the previous period[36] - Cash received from sales and services increased by 33.52% year-on-year due to sales growth and improved management of accounts receivable[12] - Cash outflow from financing activities totaled ¥1,361,083,893.35, an increase from ¥982,929,070.77, indicating a rise of 38.6%[36] - The ending cash and cash equivalents balance decreased to ¥60,124,593.02 from ¥532,095,945.07, a decline of 88.7%[36] Assets and Liabilities - Total assets increased by 2.71% to CNY 6,510,902,676.72 compared to the end of the previous year[8] - Current assets rose to CNY 2,395,018,790.04, up from CNY 2,177,039,000.05, indicating an increase of about 10.00%[20] - Total liabilities rose to CNY 3,537,043,597.46 from CNY 3,407,512,419.92, an increase of approximately 3.81%[21] - Owner's equity increased to CNY 2,973,859,079.26 from CNY 2,931,361,466.09, reflecting a growth of about 1.45%[21] - Cash and cash equivalents increased to CNY 670,877,996.42 from CNY 627,615,384.80, a growth of approximately 6.90%[20] - Short-term borrowings increased significantly to CNY 1,829,187,859.28 from CNY 1,494,865,583.44, representing a rise of about 22.36%[21] - Inventory increased to CNY 1,072,203,304.42 from CNY 923,186,616.96, showing a rise of approximately 16.19%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,385[10] - The largest shareholder, Hubei Angel Yeast Group Co., Ltd., holds 39.37% of the shares, totaling 129,761,668 shares[10] - Hubei Risheng Technology Co., Ltd. holds 10.51% of the shares, totaling 34,646,577 shares, with 4,300,000 shares pledged[10] Expenses and Subsidies - The company received government subsidies amounting to CNY 3,297,300.00 during the reporting period[9] - Operating tax and additional charges increased by 53.16% year-on-year due to sales growth leading to higher taxes[12] - Management expenses increased by 44.32% year-on-year due to the expansion of the company's scale, resulting in higher personnel compensation and management costs[12] - Financial expenses increased by 52.50% year-on-year due to reduced interest capitalization after the new production line was put into operation[12] - The company paid dividends and interest increased by 115.32% year-on-year due to concentrated payments of mid-term note interest[13] Receivables and Investments - Accounts receivable decreased by 63.73% compared to the beginning of the year due to the maturity of bank notes received[12] - Prepaid accounts increased by 37.43% compared to the beginning of the year due to increased advance payments for raw material purchases[12] - Accounts receivable decreased to CNY 409,080,335.47 from CNY 412,538,243.66, a slight decline of about 0.11%[20] - The company reported a decrease in other receivables to CNY 34,883,632.57 from CNY 40,043,414.39, a decline of approximately 12.00%[20] - Long-term equity investments decreased to CNY 36,031,793.04 from CNY 38,254,663.17, a decline of about 5.80%[20] - The company experienced a decrease in investment income, reporting a loss of CNY 2,222,870.13 in Q1 2014 compared to a loss of CNY 792,279.46 in Q1 2013[27]