GSMG(SH:600543)2015-04-24 16:00Financial Performance - Operating revenue for the period was CNY 68,410,417.65, down 9.79% year-on-year[6] - Net profit attributable to shareholders of the listed company decreased by 11.66% to CNY 14,961,814.60[6] - Total operating revenue for Q1 2015 was CNY 68,410,417.65, a decrease of 9.9% from CNY 75,834,609.49 in the same period last year[23] - Net profit for Q1 2015 was CNY 14,897,631.34, a decline of 11.8% compared to CNY 16,888,106.00 in Q1 2014[25] - Total comprehensive income for the first quarter was CNY 17,564,780.95, compared to CNY 18,200,172.50 in the previous period, reflecting a decrease[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,247,501,616.36, a decrease of 1.28% compared to the previous year[6] - The company's total assets amounted to CNY 1,247,501,616.36, a decrease from CNY 1,263,709,450.93 at the beginning of the year[17] - The company's current assets totaled CNY 696,561,165.95, down from CNY 716,293,102.13 at the beginning of the year, indicating a decline of approximately 2.9%[16] - The company's total liabilities decreased to CNY 155,687,425.07 from CNY 186,792,890.98, a reduction of about 16.7%[18] - Total assets decreased to CNY 1,383,486,836.54 from CNY 1,478,717,930.99 year-over-year, reflecting a reduction of 6.4%[22] - Total liabilities decreased to CNY 249,275,393.16 from CNY 362,071,268.56, a significant reduction of 31.1%[22] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 1.40% to CNY 1,082,163,301.26[6] - The total number of shareholders at the end of the reporting period was 23,544[9] - The largest shareholder, Gansu Huangyanghe Agricultural and Industrial Group Co., Ltd., held 42,729,215 shares, accounting for 13.31% of the total[9] - The company has no preferred shareholders as of the end of the reporting period[10] - The company's equity attributable to shareholders increased to CNY 1,082,163,301.26 from CNY 1,067,201,486.66, showing an increase of approximately 1.4%[18] Cash Flow - Net cash flow from operating activities was CNY 656,937.98, a significant decrease of 98.81% compared to the same period last year[6] - Cash received from sales of goods and services was CNY 75,029,586.43, a decline of 21.2% from CNY 95,268,146.57 in the prior year[27] - Net cash flow from operating activities was CNY 656,937.98, significantly down from CNY 55,145,120.91 in the previous period[27] - Cash inflow from investment activities totaled CNY 223,354,136.97, up from CNY 183,545,376.64, marking an increase of 21.7%[30] - Cash outflow for investment activities was CNY 207,250,641.28, down from CNY 307,419,825.19, indicating a reduction of 32.6%[27] - Net cash flow from investment activities was CNY 16,103,495.69, a recovery from a negative CNY 123,874,448.55 in the previous period[27] - Cash and cash equivalents at the end of the period amounted to CNY 130,452,281.32, compared to CNY 201,514,891.57 at the end of the previous period[27] - Cash flow from financing activities generated CNY 8,800,200.00, with cash outflow for financing activities at CNY 62,484.12[27] - The net increase in cash and cash equivalents was CNY 25,498,149.55, recovering from a decrease of CNY 68,729,327.64 in the previous period[27] Operational Efficiency - The weighted average return on net assets was 1.39%, a decrease of 0.20 percentage points from the previous year[6] - Basic and diluted earnings per share remained at CNY 0.05[6] - The company plans to focus on cost control and efficiency improvements in the upcoming quarters to enhance profitability[23] - Total operating costs for Q1 2015 were CNY 51,262,119.96, down 7.9% from CNY 55,468,440.83 year-over-year[24] - The company reported an increase in investment income to CNY 3,354,136.97, up from CNY 1,542,537.63 in the previous year[24] Business Strategy - The company has committed to not engaging in any business that competes with its main operations, ensuring compliance with its long-term commitments[14] - The company has successfully completed the deregistration of Gansu Zhongnong Grass Industry Technology Co., Ltd., eliminating potential competition in the grass planting and processing business[14] - The company has maintained a long-term commitment to avoid any business that may compete with its main operations, ensuring shareholder interests are protected[13]