康欣新材(600076) - 2015 Q1 - 季度财报

Financial Performance - Revenue for the first quarter was CNY 908,596.68, down 45.98% from CNY 1,681,832.60 year-on-year[12] - Net profit attributable to shareholders was CNY -5,062,010.34, a decline of 10.30% compared to CNY -4,589,408.99 in the previous year[7] - Total operating revenue for Q1 2015 was CNY 908,596.68, a decrease of 46% compared to CNY 1,681,832.60 in the previous period[25] - Net loss for Q1 2015 was CNY 6,276,495.38, compared to a net loss of CNY 5,826,887.71 in the previous period, indicating a deterioration in performance[26] - Operating profit for Q1 2015 was CNY -6,276,495.38, compared to CNY -5,827,324.07 in the previous period, indicating a worsening operational performance[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 782,462,143.60, a decrease of 0.17% compared to the end of the previous year[7] - The company's current assets totaled CNY 728,384,133.33, showing a marginal decline from CNY 729,441,289.01 at the start of the year[19] - Total liabilities stood at CNY 541,219,266.13, up from CNY 536,268,273.09, marking an increase of approximately 0.9%[20] - The company's total assets increased to CNY 283,051,931.15 from CNY 263,390,441.26, representing a growth of approximately 7.3%[24] - Total liabilities rose to CNY 242,793,350.13, up from CNY 220,095,734.08, marking an increase of about 10.3%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,437[9] - The largest shareholder, Beijing Dongfang Guoxing Technology Development Co., Ltd., held 34,138,850 shares, accounting for 9.34% of the total[9] Cash Flow - Operating cash flow net amount improved by 69.29%, reaching CNY -17,921,120.97 compared to CNY -58,356,908.92 in the same period last year[7] - Cash inflow from operating activities totaled ¥43,990,843.42, a significant increase from ¥8,090,145.36 in the previous period, reflecting a growth of approximately 444%[31] - The net cash flow from operating activities was -¥17,921,120.97, an improvement compared to -¥58,356,908.92 in the prior period[31] - Cash inflow from investment activities amounted to ¥21,248,878.11, compared to ¥11,244.65 in the previous period, indicating a substantial increase[32] - Cash outflow from financing activities was ¥5,000,000.00, with a net cash flow from financing activities of -¥5,000,000.00, contrasting with a net inflow of ¥15,000,000.00 previously[32] Equity and Retained Earnings - Net assets attributable to shareholders decreased by 3.99% to CNY 121,896,047.42 from CNY 126,958,057.76[7] - The company's equity attributable to shareholders decreased to CNY 121,896,047.42 from CNY 126,958,057.76, a decline of about 4.0%[21] - The company reported a net loss of CNY 815,127,252.49 in retained earnings, worsening from a loss of CNY 809,786,462.27[21] Operational Efficiency - Significant changes in accounts payable decreased by 21.20% to CNY 133,578,374.26, primarily due to payments made to construction units[10] - The company reported a significant decrease in prepayments by 37.42%, attributed to the return of government deposits[10] - The company's cash and cash equivalents decreased to CNY 26,503,371.34 from CNY 28,188,329.20[18] - Accounts receivable decreased to CNY 2,700,032.56 from CNY 3,017,331.53, indicating a reduction of approximately 10.5%[18] - Inventory increased to CNY 679,948,288.95 from CNY 674,521,653.05, reflecting a growth of about 0.6%[19] Compliance and Regulatory Matters - The company has committed to improving compliance and decision-making processes following regulatory scrutiny, as indicated by the administrative penalties received[15] - There are no significant changes expected in cumulative net profit compared to the previous year, indicating stability in financial performance[16]