JSAC(SH:600389)2015-04-22 16:00Financial Performance - Operating revenue for the period was CNY 809,612,733.76, a decline of 6.15% year-on-year[6] - Net profit attributable to shareholders decreased by 91.15% to CNY 8,518,765.24 compared to the same period last year[6] - Basic and diluted earnings per share dropped by 91.15% to CNY 0.0430[6] - Total profit for the period was CNY 14,238,280.45, down 88.75% compared to CNY 126,587,369.57 in the previous year, mainly due to a decrease in gross profit from glyphosate products[12] - Investment income decreased by CNY 3,615,797.52, a decline of 68.58%, primarily due to reduced profits from the associated company Nantong Dongchang Chemical Co., Ltd.[12] - Net profit for Q1 2015 was CNY 8,518,765.24, a significant decline of 91.16% compared to CNY 96,231,015.44 in Q1 2014[26] - The company's operating revenue for the current period is ¥742,966,561.76, a decrease of 13.7% compared to ¥861,693,266.55 in the previous period[29] - The net profit for the current period is ¥7,011,493.74, down 92.7% from ¥96,173,709.55 in the previous period[30] - The operating profit has significantly declined to ¥9,391,266.86, compared to ¥124,691,252.63 in the previous period, reflecting a decrease of 92.5%[29] Cash Flow - Cash flow from operating activities showed a significant decline of 161.18%, resulting in a net outflow of CNY 39,443,296.32[6] - The net cash flow from operating activities was CNY -39,443,296.32, a decrease of 161.18% compared to CNY 64,467,000.55 in the previous year, mainly due to reduced cash received from sales and increased cash paid to employees[13] - The cash flow from operating activities shows a net outflow of ¥39,443,296.32, contrasting with a net inflow of ¥64,467,000.55 in the previous period[33] Assets and Liabilities - Total assets decreased by 5.09% to CNY 3,119,410,534.91 compared to the end of the previous year[6] - The total assets as of March 31, 2015, were CNY 3,119,410,534.91, down from CNY 3,286,782,880.01 at the beginning of the year[19] - The total liabilities decreased from CNY 1,953,577,792.31 to CNY 1,777,668,074.13 during the same period[20] - Current liabilities decreased to CNY 1,569,803,105.13 from CNY 1,748,106,124.80, a reduction of 10.23%[23] - Total liabilities decreased to CNY 1,686,818,505.60 from CNY 1,867,869,548.45, a decrease of 9.66%[24] Shareholder Information - The number of shareholders at the end of the reporting period was 13,823[9] - The largest shareholder, Sinochem International, holds 29.19% of the shares, totaling 57,789,418 shares[9] Cash and Cash Equivalents - The company reported a 31.84% decrease in cash and cash equivalents, down to CNY 134,833,762.34[10] - Cash and cash equivalents dropped to CNY 84,304,570.91 from CNY 193,851,633.76, a decrease of 56.54%[22] - The total cash and cash equivalents at the end of the period is ¥98,652,623.09, a decrease from ¥89,000,511.32 in the previous period[34] - The cash and cash equivalents at the end of the period were $48,123,431.66, down from $88,649,263.13 in Q1 2014[35] - The cash and cash equivalents decreased by $78,023,211.35 during the quarter, compared to a decrease of $44,969,972.68 in the previous year[35] Prepayments and Receipts - Prepayments increased by 187.88% to CNY 23,117,293.54 compared to the beginning of the year[10] - The company experienced a 41.37% decrease in advance receipts, totaling CNY 125,722,057.76[10] - The ending balance of prepaid expenses increased by CNY 15,086,985.86, a growth of 187.88%, mainly due to increased prepayments for raw materials during the reporting period[11] - The ending balance of advance receipts decreased by CNY 88,719,510.93, a decline of 41.37%, primarily because the advance payments for pesticides from the previous year's fourth quarter were recognized as sales in this reporting period[11] Operating Costs - Total operating costs increased to CNY 800,015,641.03, up 7.67% from CNY 743,087,973.81 in the same period last year[25] - The company incurred a total operating cost of ¥677,356,941.99, slightly up from ¥672,392,018.62 in the previous period[29] Financial Expenses and Income Tax - The financial expenses decreased to ¥11,438,199.55 from ¥15,890,358.38, indicating a reduction of 28.9%[29] - The income tax expense decreased significantly to ¥5,320,538.40 from ¥30,300,562.36, a reduction of 82.4%[29]