ZSIG(SH:600313)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 342,636,586.94, representing a 10.28% increase year-on-year[10] - The company reported a net profit margin of approximately -1.1% for Q1 2014, compared to a positive margin in the previous year, indicating a potential need for strategic adjustments[29] - Operating revenue for the current period is CNY 15,000, a decrease of 1.32% from CNY 15,200 in the previous period[32] - Operating profit for the current period is CNY 967,082.74, down from CNY 1,149,746.02, representing a decline of 15.83%[32] - Net profit for the current period is CNY 1,723,482.74, an increase of 50% compared to CNY 1,149,746.02 in the previous period[32] - Total comprehensive income for the current period is CNY 1,723,482.74, an increase of 50% from CNY 1,149,746.02[32] Cash Flow - The net cash flow from operating activities was CNY -183,139,977.11, a decrease of 1,455.77% compared to the previous year[10] - Cash flow from operating activities shows a net outflow of CNY -183,139,977.11, worsening from CNY -11,909,237.35 in the previous period[34] - Cash flow from investing activities results in a net outflow of CNY -440,465,142.82, compared to CNY -30,231,408.72 previously[36] - Cash flow from financing activities shows a net inflow of CNY 211,318,627.60, increasing from CNY 18,243,658.33 in the previous period[36] - The ending cash and cash equivalents balance is CNY 240,705,508.92, down from CNY 737,962,743.50 in the previous period[36] - The net increase in cash and cash equivalents was -$295,584,550.50, compared to -$17,874,070.70 in the previous period[39] - The ending balance of cash and cash equivalents was $80,921,280.48, down from $539,490,956.41 at the beginning of the period[39] Assets and Liabilities - Total assets increased by 18.41% to CNY 2,097,636,092.27 compared to the end of the previous year[10] - The company's current assets totaled CNY 1,608,373,068.25 at the end of Q1 2014, compared to CNY 1,297,256,265.05 at the beginning of the year, representing an increase of 24%[20] - Total liabilities increased to CNY 720,033,109.84 from CNY 451,058,967.24, reflecting a growth of 59.6%[22] - The company's total assets reached CNY 2,097,636,092.27, up from CNY 1,771,557,307.23, indicating a growth of 18.4%[22] - The equity attributable to shareholders decreased slightly to CNY 1,023,531,034.62 from CNY 1,025,291,615.13, a decline of 0.2%[22] Shareholder Information - The number of shareholders reached 24,784 by the end of the reporting period[13] - The company's basic and diluted earnings per share were both CNY -0.0048, a decrease of 118.18% year-on-year[10] Investments and Financing - The company completed the acquisition of 51% of Shanxi Luyou Seed Industry Co., Ltd. in January 2014, impacting the financial statements significantly[16] - The company reported a significant increase in short-term loans due to new financing activities related to overseas payment services[16] - The company's cash and other current assets showed significant changes due to investments in principal-protected bank financial products[16] Inventory and Receivables - Cash and cash equivalents decreased to CNY 274,038,145.09 from CNY 688,506,475.38, a decline of 60%[20] - Accounts receivable increased to CNY 178,212,667.35 from CNY 198,165,649.30, a decrease of 10%[20] - Inventory rose to CNY 267,051,664.94 from CNY 218,264,228.47, marking a 22.4% increase[20] Operating Costs - Total operating costs for Q1 2014 amounted to CNY 347,776,143.46, up from CNY 317,475,696.99 in the previous year, reflecting a year-over-year increase of 9.6%[29]