曲江文旅(600706) - 2014 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -3,297,993.03, a decrease of 282.01% year-on-year[7] - The net profit attributable to the parent company was a loss of CNY 3.30 million, a decrease of CNY 5.11 million compared to the previous year, primarily due to increased operating and financial expenses[15] - The company reported a net loss of CNY 4,045,630.93 for Q1 2014, compared to a net profit of CNY 1,054,474.94 in the previous year, indicating a significant decline in profitability[29] - Net profit for Q1 2014 was a loss of CNY 11,219,783.38, compared to a loss of CNY 2,600,766.38 in the same period last year, indicating a deterioration in performance[31] - The company’s total comprehensive income for Q1 2014 was a loss of CNY 11,219,783.38, compared to a loss of CNY 2,600,766.38 in the previous year, indicating a significant decline in overall financial health[31] Revenue and Expenses - Operating revenue increased by 0.43% to CNY 239,894,638.64 compared to the same period last year[7] - The company reported a total operating revenue of CNY 239.89 million for the first quarter of 2014, an increase of CNY 1.03 million year-on-year[15] - Total operating revenue for Q1 2014 was CNY 239,894,638.64, a slight increase from CNY 238,863,834.14 in the same period last year, representing a growth of approximately 0.43%[29] - Total operating costs increased to CNY 247,127,353.01 from CNY 238,566,135.67, marking an increase of about 3.3% year-over-year[29] - The company reported a total operating expense of CNY 317,460,611.32 in Q1 2014, a decrease from CNY 358,081,139.61 in the same period last year[33] Assets and Liabilities - Total assets decreased by 9.87% to CNY 1,763,956,115.62 compared to the end of the previous year[7] - Total liabilities decreased by 15.79% to CNY 100,852,900.00 compared to the beginning of the year[14] - Current liabilities decreased by 23.07% to CNY 76,523,220.00 compared to the beginning of the year[14] - The company’s total assets decreased to CNY 1,866,359,577.68 from CNY 2,037,553,606.67, a decrease of approximately 8.4%[27] - Total liabilities decreased to CNY 872,240,090.37 from CNY 1,032,214,335.98, a reduction of approximately 15.5%[27] Cash Flow - Cash flow from operating activities improved by 48.44%, reaching CNY -78,694,490.15[7] - The net cash flow from operating activities was a negative CNY 78.69 million, which is a decrease in outflow by CNY 73.92 million compared to the same period last year[15] - Operating cash flow for Q1 2014 showed a net outflow of CNY 78,694,490.15, an improvement from a net outflow of CNY 152,615,164.72 in the previous year[33] - The net cash flow from financing activities was a negative CNY 91,650,700.20 in Q1 2014, contrasting with a positive CNY 112,180,015.27 in the same period last year[34] Shareholder Information - The number of shareholders reached 12,055 as of the report date[11] - The company has committed to maintaining independence in its operations and avoiding conflicts of interest with its major shareholders[19] Borrowings and Financial Expenses - Financial expenses increased by CNY 3.35 million, representing a 61.88% rise year-on-year, mainly due to increased bank borrowings for operational needs[15] - The company’s short-term borrowings decreased by CNY 125 million, a reduction of 34.34% from the beginning of the year, primarily due to repayments made during the period[15] - The company raised CNY 155,000,000.00 through borrowings in Q1 2014, compared to CNY 150,000,000.00 in the previous year[34] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased by 62.90% to CNY 132,511,800.00[13] - The company’s cash and cash equivalents decreased significantly to CNY 74,292,059.75 from CNY 289,922,411.71, a decline of about 74.5%[25] - Total cash and cash equivalents at the end of Q1 2014 were CNY 132,511,838.24, down from CNY 357,148,829.50 at the beginning of the period[34] Accounts Receivable and Prepaid Accounts - The company’s accounts receivable increased to CNY 222.35 million from CNY 197.79 million at the beginning of the year[22] - Prepaid accounts increased by 69.38% to CNY 33,324,100.00 compared to the beginning of the year[13] Future Plans - The company plans to continue focusing on reducing operational costs and improving cash flow management in the upcoming quarters[15]