万向德农(600371) - 2014 Q1 - 季度财报

Financial Performance - Operating income for the first quarter was CNY 118,729,780.25, a decrease of 2.89% year-on-year[9] - Net profit attributable to shareholders was a loss of CNY 9,041,395.90, down 167.82% from the previous year[9] - The company reported a net loss of CNY 10,249,721.80 after deducting non-recurring gains and losses, a decline of 175.70% year-on-year[9] - Net profit for the current period is -¥9,669,330.99, compared to a net profit of ¥14,028,214.32 in the previous period, indicating a significant decline[28] - Basic and diluted earnings per share are both -¥0.044, down from ¥0.078 in the previous period[28] Cash Flow - Cash flow from operating activities was CNY 9,943,403.06, a significant improvement from a negative CNY 23,389,273.89 in the same period last year, representing a change of 142.51%[9] - Cash flow from operating activities shows a net inflow of ¥9,943,403.06, a recovery from a net outflow of -¥23,389,273.89 in the previous period[35] - The net cash flow from operating activities was -10,935,074.41 RMB, compared to -6,007,444.62 RMB in the previous period, indicating a decline of approximately 82.5%[38] - Cash inflow from operating activities was 2,465,904.11 RMB, up from 984,696.27 RMB, representing an increase of about 150.5%[38] - Cash outflow from operating activities increased to 13,400,978.52 RMB from 6,992,140.89 RMB, reflecting a rise of approximately 92.5%[38] Assets and Liabilities - Total assets decreased by 7.35% to CNY 938,647,881.83 compared to the end of the previous year[9] - Total assets amount to ¥355,612,419.20, slightly down from ¥356,759,103.97[25] - Total liabilities are reported at ¥58,120,938.69, a marginal decrease from ¥58,181,704.31[25] - Shareholders' equity stands at ¥297,491,480.51, down from ¥298,577,399.66 in the previous period[25] - Cash and cash equivalents decreased by 51.74% to ¥36,813,813.59 from ¥76,280,244.68 due to loan repayments[15] Shareholder Information - The total number of shareholders was 17,749 at the end of the reporting period[14] - The largest shareholder, Wanxiang San Nong Group Co., Ltd., holds 51.20% of the shares, totaling 104,755,339 shares[14] Operational Costs and Expenses - Total operating costs increased to ¥129,820,671.12, up 13.7% from ¥114,109,764.48 in the previous period[27] - Sales expenses decreased by 39.92% to ¥10,910,142.15 from ¥18,159,922.69 due to a decline in revenue and better expense control[15] - Asset impairment losses surged by 3788.14% to ¥14,875,049.39 from ¥382,575.41 due to inventory write-downs[15] - The company recorded an asset impairment loss of ¥14,875,049.39, compared to ¥382,575.41 in the previous period, indicating increased financial strain[27] Investment Activities - Net cash flow from investing activities increased by 131.82% to ¥7,824,642.53 from ¥3,375,270.00 due to investment recoveries[15] - The net cash flow from investing activities was 5,525,000.00 RMB, with no cash outflows reported in the current period[39] - Investment income for the current period is reported at ¥5,525,000.00, reflecting a decrease from the previous period[27] Financing Activities - Net cash flow from financing activities decreased by 650.31% to -¥57,234,476.68 from ¥10,400,483.34 due to no new loans and repayment of previous loans[15] - Cash inflow from financing activities was 150,000,000.00 RMB, while cash outflow was 57,234,476.68 RMB, resulting in a net cash flow of -57,234,476.68 RMB[36] - The company received 150,000,000.00 RMB from borrowings during the financing activities[36] - The company paid 50,000,000.00 RMB in debt repayments during the financing activities[36]