TYGF(SH:600506)2014-04-21 16:00Financial Performance - Operating revenue for the first quarter was CNY 24,811,254.41, representing a 133.15% increase compared to the same period last year[8]. - Net profit attributable to shareholders was a loss of CNY 1,293,578.49, a decline of 128.05% year-on-year[8]. - Basic earnings per share were CNY -0.009, a decrease of 129.03% compared to the previous year[9]. - Total operating revenue for Q1 2014 reached ¥24,811,254.41, a significant increase of 133.5% compared to ¥10,641,745.49 in the same period last year[25]. - The net profit attributable to the parent company for Q1 2014 was -¥1,293,578.49, compared to a profit of ¥4,610,964.97 in Q1 2013[27]. - The basic and diluted earnings per share for Q1 2014 were both -¥0.009, down from ¥0.031 in the same quarter last year[27]. - The company reported a negative operating profit of -¥1,471,562.55 for Q1 2014, an improvement from -¥2,276,629.41 in Q1 2013[26]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 304,957,006.67, a 0.47% increase from the previous year-end[8]. - The company's total assets amounted to CNY 304,957,006.67, a slight increase from CNY 303,535,270.15 at the beginning of the year[20]. - The company's total liabilities increased to CNY 17,955,355.86 from CNY 15,062,056.79, reflecting a rise of about 19.2%[21]. - Total liabilities increased to ¥17,971,306.67 from ¥15,196,667.07 at the start of the year, reflecting a rise of 18.4%[23]. - The company's total equity decreased to ¥287,184,491.32 from ¥288,292,821.08 at the beginning of the year[24]. Cash Flow - Net cash flow from operating activities was CNY 20,653,365.38, an increase of 13.76% compared to the previous year[8]. - Cash flow from operating activities for Q1 2014 was ¥25,639,231.42, an increase from ¥14,551,906.13 in Q1 2013[31]. - Operating cash inflow for the current period was CNY 26,680,884.59, an increase of 19.5% compared to CNY 22,335,296.86 in the previous period[35]. - Net cash flow from operating activities was CNY 20,793,178.73, up from CNY 17,970,455.76, reflecting a growth of 10.2%[36]. - The net increase in cash and cash equivalents for the current period was CNY 20,742,195.52, compared to a decrease of CNY -3,071,506.24 in the previous period[37]. - The ending balance of cash and cash equivalents was CNY 74,028,174.86, up from CNY 40,328,385.58 in the previous period[37]. Accounts Receivable and Inventory - Accounts receivable increased by 96.25% to CNY 6,883,489.23, primarily due to increased sales receivables[12]. - Accounts receivable rose to CNY 6,883,489.23 from CNY 3,507,489.43, indicating an increase of about 96.8%[19]. - Inventory decreased by 48.25% to CNY 24,375,378.99, attributed to increased sales volume[12]. - Inventory levels decreased significantly to ¥23,037,210.85 from ¥45,662,391.54, indicating a reduction of 49.6%[22]. Shareholder Information - The company had a total of 16,917 shareholders at the end of the reporting period[10]. - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., held 25.22% of the shares, totaling 37,255,813 shares[10]. Strategic Initiatives - The company terminated the major asset restructuring agreement with Changyuan Water Group, resulting in no significant financial losses apart from some intermediary fees[15]. - The company will continue to strengthen its brand building and diversify its operations based on the sales of Xinjiang specialty fruits, particularly the Kuerle fragrant pear[16]. - The company has committed to ensuring that it does not engage in competitive business activities with its major shareholders[17]. - The company plans to minimize related party transactions and ensure fair pricing in necessary transactions[17].