新疆天业(600075) - 2014 Q1 - 季度财报

Financial Performance - The company reported a total revenue of 709.25 million RMB for Q1 2014, a decrease of 18.87% compared to 874.21 million RMB in the same period last year[13]. - The net profit attributable to shareholders was -62.37 million RMB, down 45.63% from -42.83 million RMB in the previous year[13]. - The company experienced a 47.40% decline in total profit, reporting -62.42 million RMB compared to -42.35 million RMB in the previous year[13]. - The net profit for the current period is -¥62,955,166.53, compared to -¥42,627,141.98 in the previous period, indicating a worsening of 47%[28]. - The basic and diluted earnings per share are both -¥0.14, compared to -¥0.10 in the previous period[28]. Cash Flow - The operating cash flow for the period was -19.67 million RMB, reflecting a significant decline of 75.16% compared to 79.16 million RMB in the same period last year[7]. - The net cash flow from operating activities decreased by 75.16% to ¥19,665,353.95 compared to ¥79,162,456.57 in the same period last year, primarily due to a decline in market prices of main products[14]. - The cash received from tax refunds dropped by 93.69% to ¥998,223.56, attributed to a decrease in export tax rebates compared to the previous year[14]. - The company reported a significant drop in net cash flow from financing activities, with a net outflow of $5.17 million compared to a net inflow of $21.94 million previously[34]. - The net increase in cash and cash equivalents was $21.86 million, compared to $36.22 million in the previous period, indicating a decrease of about 39%[34]. Assets and Liabilities - Total assets at the end of the reporting period were 4.50 billion RMB, a decrease of 4.15% from 4.79 billion RMB at the end of the previous year[7]. - The total liabilities increased to ¥2,874,400,162.25 from ¥2,523,644,971.02, indicating a rise in financial obligations[22]. - Total assets increased to ¥3,254,904,111.57 from ¥3,182,825,811.29, representing a growth of approximately 2.26%[26]. - Total liabilities rose to ¥2,084,851,780.18 from ¥2,008,875,026.58, an increase of about 3.78%[26]. - The total owner's equity decreased to ¥1,170,052,331.39 from ¥1,173,950,784.71, a decrease of approximately 0.33%[26]. Shareholder Information - The company had a total of 56,989 shareholders at the end of the reporting period[8]. - The company has not distributed any cash dividends during the reporting period[18]. Future Outlook - The company is facing a risk of delisting if it continues to incur losses in 2014, as it has reported losses for two consecutive years[15]. - The company expects to continue incurring losses through mid-2014 based on current economic conditions and operational performance[18]. - The company is actively working on a major asset restructuring plan to address significant competition issues and improve its financial situation[18]. Other Financial Metrics - The weighted average return on equity decreased to -2.53% from -1.71% in the previous year[7]. - The company's long-term equity investments decreased by 32.73% to 18.41 million RMB due to the recovery of liquidation funds from a subsidiary[12]. - Other receivables rose by 45.93% to 46.68 million RMB, attributed to unpaid freight charges[12]. - The prepayments increased by 86.69% to 81.21 million RMB due to higher raw material and project material prepayments[9]. - The company reported a significant increase in accounts receivable, which rose to ¥115,695,170.82 from ¥55,159,852, reflecting a growth of approximately 109%[25].