康欣新材(600076) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 1,681,832.60, a 57.11% increase year-on-year [16]. - Total revenue for the current period reached ¥1,681,832.60, an increase from ¥1,070,492.83 in the previous period, representing a growth of approximately 57.0% [29]. - The company reported a net loss of ¥803,230,484.81, slightly worsening from a loss of ¥798,641,075.82 in the previous period [24]. - The company reported a net loss of ¥5,826,887.71 for the current period, compared to a net loss of ¥6,066,380.63 in the previous period, indicating an improvement of approximately 3.95% [30]. - The total profit (loss) for the current period was reported at ¥-5,826,887.71, showing a slight improvement from ¥-6,066,380.63 in the previous period [30]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY -58,356,908.92, showing a significant decline compared to CNY -8,094,359.23 in the same period last year [9]. - The company experienced a cash outflow from operating activities of ¥66,447,055.30, compared to ¥29,524,543.47 in the previous period, reflecting a substantial increase in operational costs [36]. - Cash and cash equivalents decreased by 66.16% to CNY 22,173,641.92 due to payments for construction projects and debt repayments [15]. - Cash and cash equivalents at the end of the period amounted to ¥22,173,641.92, compared to ¥10,237,700.04 at the end of the previous period, indicating an increase in liquidity [38]. - The net increase in cash and cash equivalents was -$44,307,251.11, down from -$5,704,700.32 in the prior period [41]. Assets and Liabilities - Total assets increased by 34.69% to CNY 542,089,923.13 compared to the end of the previous year [9]. - The total assets decreased to ¥542,089,923.13 from ¥558,333,928.72, a decline of about 2.9% [24]. - Current liabilities decreased to ¥215,412,337.50 from ¥240,829,455.38, a reduction of about 10.6% [24]. - Long-term borrowings increased to ¥70,000,000.00 from ¥55,000,000.00, representing a rise of approximately 27.3% [24]. - The total equity attributable to shareholders decreased to ¥133,514,035.22 from ¥138,103,444.21, a drop of approximately 3.8% [24]. Shareholder Information - The total number of shareholders reached 27,703, with the top ten shareholders holding a combined 9.34% of shares [12][14]. - Basic and diluted earnings per share remained at CNY -0.01, unchanged from the previous year [9]. - The company recorded a basic and diluted earnings per share of ¥-0.01, consistent with the previous period [30]. Operational Costs - The company reported a 155.32% increase in operating costs, totaling CNY 908,783.57, due to higher sales volume [16]. - Total operating costs amounted to ¥7,510,232.38, up from ¥6,945,576.46, indicating an increase of about 8.1% [29]. - The company reported a significant increase in management expenses to ¥6,256,637.99 from ¥5,957,669.26 in the previous period [30]. Regulatory and Investigative Matters - The company is under investigation by the China Securities Regulatory Commission for alleged information disclosure violations [17][18].