六国化工(600470) - 2014 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 1,229,520,076.43, down 1.90% year-on-year[10] - Net profit attributable to shareholders was a loss of CNY 21,180,826.00, representing a decrease of 238.76% compared to the same period last year[10] - The weighted average return on net assets was -0.94%, a decrease of 1.60 percentage points from the previous year[10] - Basic earnings per share were -CNY 0.04, a decline of 233.33% year-on-year[10] - Operating revenue for the current period was CNY 1,229,520,076.43, compared to CNY 1,253,370,964.71 in the previous period, a decrease of approximately 1.90%[28] - Total operating costs increased from CNY 1,241,144,480.29 to CNY 1,273,924,364.70, an increase of about 2.65%[28] - Operating profit for the current period is -¥2,555,943.08, compared to ¥34,961,752.36 in the previous period, indicating a significant decline[31] - Net profit for the current period is -¥38,052,257.56, a sharp decrease from ¥8,693,932.12 in the previous period[29] - Total profit for the current period is -¥37,414,891.11, compared to ¥14,579,530.81 in the previous period, indicating a substantial decline[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,336,806,503.06, a decrease of 1.40% compared to the end of the previous year[10] - Total assets decreased from CNY 6,427,089,852.92 to CNY 6,336,806,503.06, a decline of approximately 1.42%[23] - Current assets decreased from CNY 2,110,766,742.76 to CNY 2,022,914,332.00, a decline of about 4.16%[22] - Total liabilities decreased from CNY 3,987,594,152.20 to CNY 3,935,563,440.26, a decline of about 1.30%[22] - Current liabilities decreased from CNY 2,770,582,161.43 to CNY 2,733,874,595.41, a decline of approximately 1.33%[22] - Total equity decreased from CNY 2,439,495,700.72 to CNY 2,401,243,062.80, a decline of about 1.57%[22] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 40,222,049.79, an improvement from a net outflow of CNY 376,862,925.83 in the same period last year[18] - Cash flow from operating activities shows a net outflow of -¥40,222,049.79, an improvement from -¥376,862,925.83 in the previous period[34] - The company experienced a net decrease in cash and cash equivalents of $76,741,227.12 during the period[38] - Cash and cash equivalents at the end of the period are ¥305,710,401.96, down from ¥456,836,702.52 in the previous period[35] - The ending balance of cash and cash equivalents decreased to $36,401,244.78, down from $113,142,471.90 at the beginning of the period[38] Shareholder Information - The total number of shareholders was 74,843 at the end of the reporting period[14] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., held 25.49% of the shares, totaling 132,971,744 shares[14] Expenses - Management expenses decreased by 32.84% year-on-year, primarily due to reduced research and development costs[18] - Sales expenses increased to ¥16,897,393.35 from ¥12,945,543.52, reflecting a rise of 30.5%[31] - Management expenses decreased significantly to ¥18,279,109.96 from ¥38,122,743.37, a reduction of 52.0%[31] - Financial expenses increased to ¥13,969,081.20 from ¥10,304,241.57, an increase of 35.0%[31] Government Support - Government subsidies recognized in the first quarter amounted to CNY 7,092,664.49, contributing to an increase in other income[12] Investment Activities - Net cash flow from investing activities was -$4,234,465.57, a decrease of 86.9% compared to the previous period[38] - The total cash outflow for investing activities was $4,656,871.63, highlighting ongoing investments in fixed and intangible assets[38] - Cash inflow from other investment activities was $386,406.06, contributing to the overall investment strategy[38] Financing Activities - Cash inflow from financing activities totaled $256,900,000.00, while cash outflow was $355,212,866.05, resulting in a net cash flow of -$98,312,866.05[38] - Cash received from borrowings amounted to $256,900,000.00, reflecting a significant increase in financing activities[38] - Cash paid for the repayment of debts was $341,000,000.00, indicating a focus on debt management[38] Inventory and Receivables - Inventory increased from CNY 947,948,268.61 to CNY 1,057,056,331.10, an increase of approximately 11.53%[21] - Accounts receivable increased from CNY 105,940,695.29 to CNY 169,545,687.73, an increase of about 59.99%[21]