GSMG(SH:600543)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 11.42% to CNY 16,936,251.40 year-on-year[12] - Operating revenue declined by 18.72% to CNY 75,834,609.49 compared to the same period last year[12] - Basic earnings per share decreased by 16.67% to CNY 0.05[12] - Total operating revenue for the current period is CNY 75,834,609.49, a decrease of 18.67% from CNY 93,304,758.74 in the previous period[30] - Net profit for the current period is CNY 16,888,106.00, a decline of 11.96% compared to CNY 19,120,300.03 from the previous period[30] - Earnings per share (EPS) for the current period is CNY 0.05, down from CNY 0.06 in the previous period[30] Assets and Liabilities - Total assets increased by 1.61% to CNY 1,238,673,422.83 compared to the end of the previous year[12] - Current assets totaled CNY 744,830,181.58, slightly up from CNY 727,029,817.90, indicating a growth of about 2.5%[23] - Total liabilities stood at CNY 166,787,246.83, up from CNY 164,009,838.45, reflecting an increase of about 1.7%[24] - Total liabilities decreased to CNY 258,057,251.83 from CNY 271,074,197.33, reflecting a reduction of 4.81%[27] - Total equity increased to CNY 1,128,675,489.87, up from CNY 1,110,475,317.37, representing a growth of 1.18%[27] Cash Flow - Net cash flow from operating activities increased by 52.04% to CNY 55,145,120.91 year-on-year[12] - Cash flow from operating activities generated a net amount of CNY 55,145,120.91, an increase of 52.06% from CNY 36,271,054.74[34] - Cash flow from investing activities resulted in a net outflow of CNY 123,874,448.55, compared to a smaller outflow of CNY 3,681,648.10 in the previous period[35] - The company has cash and cash equivalents at the end of the period amounting to CNY 201,514,891.57, down from CNY 529,885,023.11[35] - Cash outflow from investment activities was $298,259,498.75, significantly higher than $3,192,542.78 in the previous period[38] - Net cash flow from investment activities was -$114,714,122.11, compared to -$3,192,542.78 previously, indicating increased investment expenditures[38] - The net increase in cash and cash equivalents was -$72,255,809.34, contrasting with a positive increase of $38,228,799.63 in the prior period[38] - The ending balance of cash and cash equivalents was $185,354,170.26, down from $527,627,854.77 in the previous period[38] Shareholder Information - The total number of shareholders reached 39,328 as of the report date[15] - The largest shareholder, Gansu Huangyanghe Agricultural and Industrial Group, holds 13.31% of shares[15] - Gansu Provincial Agricultural Reclamation Group holds 8.40% of shares, making it the second-largest shareholder[15] Company Commitments - The company has committed to not interfere with its management and financial decisions, ensuring long-term operational independence[20] - The company has fulfilled its commitments as of March 31, 2014, without any financial assistance requests[20] - The company has committed to avoiding any business that competes with its main operations, ensuring no conflict of interest with shareholders[21] - The company has maintained a long-term commitment from its major shareholders to avoid engaging in competitive businesses[21] Inventory and Receivables - Cash and cash equivalents decreased to CNY 201,514,891.57 from CNY 270,244,219.21, representing a decline of approximately 25.5%[23] - Accounts receivable decreased to CNY 62,456,821.95 from CNY 67,964,912.23, a reduction of about 8.0%[23] - Inventory decreased to CNY 152,721,438.76 from CNY 163,281,785.70, showing a decline of approximately 6.5%[23] - The company reported a decrease in sales expenses to CNY 19,515,116.98, down from CNY 20,754,339.10, a reduction of 5.96%[30]