TYGF(SH:600506)2015-04-23 16:00Financial Performance - Operating revenue for the current period was CNY 13,605,389.72, representing a decline of 45.16% year-on-year[9] - Net profit attributable to shareholders of the listed company was CNY -1,819,450.00, compared to CNY -1,293,578.49 in the previous year[9] - The net loss for Q1 2015 was CNY 1,819,450.00, compared to a loss of CNY 1,471,562.55 in Q1 2014[26] - The total comprehensive income for the period was a loss of CNY 1,819,450.00, compared to a loss of CNY 1,293,578.49 in the same period last year[27] - The basic and diluted earnings per share were both CNY -0.012, compared to CNY -0.009 in the previous year[27] Cash Flow - Cash flow from operating activities was CNY 12,715,015.74, down 38.44% from CNY 20,653,365.38 in the same period last year[9] - The net cash flow from operating activities was CNY 12,712,358.50, a decrease of 38.8% compared to 20,793,178.73 in the previous period[37] - Cash inflow from sales of goods and services is 14,790,681.11, down 42.2% from 25,478,359.42 in the previous period[36] - Total cash outflow from operating activities is 2,572,023.35, a reduction of 56.4% compared to 5,887,705.86 in the previous period[37] - The ending balance of cash and cash equivalents is 20,471,336.82, down 72.5% from 74,028,174.86 in the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 285,690,509.06, a decrease of 0.73% compared to the end of the previous year[9] - Total liabilities decreased to CNY 15,699,462.60 from CNY 15,978,036.82, a decline of 2%[24] - The company's total equity was CNY 269,991,541.75, down from CNY 271,813,648.99 at the start of the year[25] - The company's non-current assets totaled CNY 212,860,712.69, a decrease from CNY 215,095,224.26[20] Accounts Receivable and Inventory - Accounts receivable increased by 83.22% to CNY 888,272.32, primarily due to increased credit sales[13] - Inventory decreased to CNY 31,353,033.75 from CNY 42,654,675.98, reflecting a decline of about 26.4%[20] - The company reported a significant increase in accounts receivable, rising to CNY 888,272.32 from CNY 484,816.25, an increase of 83%[23] Shareholder Information - The number of shareholders at the end of the reporting period was 13,710[12] - The top shareholder, Xinjiang Rongsheng Investment Co., Ltd., held 25.22% of the shares[12] Legal Matters - The company is currently involved in a lawsuit regarding a contract dispute with Xinjiang Cotton Industry Group, with ongoing court proceedings[14] - The company has not received CNY 4 million in entrusted management income from two horticultural fields, which has led to legal actions for recovery[15] - The company has issued legal notices to recover overdue management fees, indicating a proactive approach to asset management[15] Operational Changes - The company has committed to not engaging in competitive businesses post the completion of a recent equity change, ensuring operational independence[16] - The company has committed to maintaining financial independence and compliance with regulatory requirements following equity changes[16] Operating Costs - Total operating costs for Q1 2015 were CNY 15,424,839.72, down 41% from CNY 26,282,816.96 year-on-year[26] - The management expenses increased to CNY 2,090,564.66 from CNY 1,534,298.18 in the same period last year, indicating a rise of 36.1%[31] - The company incurred sales expenses of CNY 638,032.76, slightly down from CNY 662,898.09 in the previous year[31] Product and Market Activity - The company has not reported any new product launches or significant market expansion strategies during this period[26]