AGSW(SH:600199)2014-04-28 16:00Financial Performance - Operating revenue decreased by 30.06% to CNY 574,556,165.42 for the first quarter compared to the same period last year[10] - Net profit attributable to shareholders decreased by 86.22% to CNY 32,437,261.28 year-on-year[10] - Operating profit decreased to ¥44,299,178.60, down 85.9% from ¥314,544,278.48 year-over-year[34] - Net profit for the period was ¥32,430,223.31, a decline of 86.2% compared to ¥235,413,337.05 in the previous year[34] - Basic earnings per share dropped to ¥0.0584, down 86.2% from ¥0.4235 in the same period last year[35] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 7,241,337.74 compared to a net inflow of CNY 123,227,957.86 in the same period last year, a decrease of 105.88%[10] - Operating cash flow decreased significantly to -7,241,337.74 from 123,227,957.86, a change of -130,469,295.60 due to reduced revenue[21] - Cash inflow from operating activities totaled $366,024,714.31, up from $321,375,435.56 in the previous period, reflecting growth in operational performance[44] - Cash outflow from operating activities decreased to $359,834,427.01 from $416,704,976.81, indicating improved cost management[44] - Cash received from other operating activities increased significantly to $25,675,298.31 from $6,474,871.54, demonstrating enhanced operational efficiency[44] Assets and Liabilities - Total assets increased by 0.96% to CNY 3,210,573,042.44 compared to the end of the previous year[10] - Total current assets increased to 2,414,448,024.25 from 2,384,557,961.29, reflecting a growth of 1.3%[24] - Total liabilities decreased slightly to 1,003,404,611.14 from 1,005,283,362.55, a change of -0.2%[26] - Total equity increased to 2,207,168,431.30 from 2,174,808,203.37, reflecting a growth of 1.5%[26] Accounts Receivable and Inventory - Accounts receivable increased by 60.69% to CNY 86,241,740.36 due to new cross-period settlement payments[17] - Accounts receivable increased to 86,241,740.36 from 53,668,157.56, a growth of 60.8%[24] - Inventory increased to 443,616,201.63 from 437,355,208.09, a slight increase of 1.3%[24] Expenses and Subsidies - Sales expenses surged by 172.41% to CNY 207,670,192.35 as the company increased advertising and promotional efforts[19] - Government subsidies recognized in the current period increased by 394.64% to CNY 3,579,418.64 compared to the previous year[19] Shareholder Information - The number of shareholders totaled 94,230 at the end of the reporting period[14] - The largest shareholder, Anhui Jinzhongzi Group Co., Ltd., holds 32.07% of the shares, totaling 178,257,084 shares[14] Investment Activities - Investment cash flow improved to 93,972,936.56 from -4,943,849.10, a change of 98,916,785.66, attributed to the recovery of matured bank wealth management products[21] - Cash inflow from investment activities totaled $501,738,547.29, compared to only $567,410.02 in the previous period, indicating strong investment recovery[44] - Cash outflow for investment activities was $405,940,709.87, a substantial increase from $8,887,832.59 in the previous period, reflecting increased investment activity[44] - Net cash flow from investment activities improved to $95,797,837.42 from a negative $8,320,422.57, highlighting a positive turnaround[44] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[34]