Hunan (SH:600476)2014-04-14 16:00Financial Performance - Operating revenue for the first quarter was CNY 19,507,424.44, a decrease of 45.00% year-on-year[9] - Net profit attributable to shareholders was a loss of CNY 4,355,910.38, compared to a loss of CNY 2,212,703.80 in the same period last year[9] - The net cash inflow from operating activities dropped by 58.74%, from CNY 51,685,974.36 to CNY 21,325,950.15, attributed to decreased cash receipts from sales of goods and services[14] - Total operating revenue for Q1 2014 was CNY 19,507,424.44, a decrease of 44.9% compared to CNY 35,464,876.76 in the same period last year[23] - The net loss for Q1 2014 was CNY 4,355,974.73, compared to a net loss of CNY 2,211,711.93 in the previous year, representing an increase in loss of 96.9%[23] Assets and Liabilities - Total assets decreased by 5.57% to CNY 332,921,666.36 compared to the end of the previous year[9] - The company's total assets decreased by 5.57% from CNY 352,558,820.34 to CNY 332,921,666.36[18] - The total liabilities decreased by 11.77% from CNY 129,225,963.30 to CNY 113,944,784.05[18] - The total liabilities decreased to CNY 120,463,123.93 from CNY 122,623,591.04, a reduction of 1.8%[21] Shareholder Information - The total number of shareholders was 14,291 at the end of the reporting period[11] - The largest shareholder, Hunan Postal Company, holds 32.98% of the shares, totaling 53,128,388 shares[11] Cash Flow - Net cash flow from operating activities was a negative CNY 16,332,550.90, compared to a negative CNY 12,187,390.46 in the same period last year[9] - The company's cash and cash equivalents decreased by 72.16% from CNY 37,138,424.70 to CNY 10,339,482.24 due to net cash outflows from operating and financing activities[14] - Cash inflow from operating activities decreased to ¥21,325,950.15 from ¥51,685,974.36, a decline of approximately 58.8%[29] - Cash outflow from operating activities decreased to ¥37,658,501.05 from ¥63,873,364.82, a reduction of about 41.0%[29] - Net cash flow from financing activities was negative at -¥6,747,716.24, compared to -¥39,402,995.93 in the previous period[30] Operating Costs and Expenses - Operating costs decreased by 38.86% from CNY 28,610,818.00 to CNY 17,493,123.87, reflecting the decline in revenue[14] - Total operating costs for Q1 2014 were CNY 24,979,889.85, down 37.5% from CNY 39,956,592.89 year-on-year[23] - Cash outflow for employee payments increased to ¥8,063,270.43 from ¥7,021,213.15, an increase of approximately 14.8%[29] Other Financial Metrics - The weighted average return on net assets decreased by 1.191 percentage points to -1.97%[9] - Basic and diluted earnings per share were both CNY -0.027, compared to CNY -0.014 in the same period last year[9] - The company's net profit margin is under pressure, with a significant decline in both revenue and operating income, indicating potential challenges ahead[14] - The company's prepaid expenses increased by 94.77% from CNY 7,000,943.68 to CNY 13,635,494.90 due to an increase in advance payments for project materials[14] - The company's other current assets decreased by 54.69% from CNY 319,240.59 to CNY 144,636.75, mainly due to a reduction in prepaid corporate income tax[14]