YNYW(SH:600725)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -151,067,344.76, showing a significant decline from the previous year's CNY -135,218,866.52[12] - Operating revenue for the first quarter was CNY 1,432,728,812.13, down 41.53% from CNY 2,450,062,073.70 in the same period last year[12] - The company's operating revenue decreased by 41.52% compared to the same period last year, primarily due to difficulties in coal procurement and reduced production load[15] - The net profit for Q1 2014 was a loss of CNY 190,467,307.56, compared to a loss of CNY 151,602,474.58 in Q1 2013, representing a 25.7% increase in losses[29] - Basic earnings per share were CNY -0.25, compared to CNY -0.22 in the same period last year[12] Cash Flow - Net cash flow from operating activities decreased by 58.62% to CNY 175,951,745.96 compared to CNY 425,167,022.75 in the previous year[12] - The cash inflow from operating activities totaled ¥1,700,993,066, a decrease of 41.5% from ¥2,917,615,461 in the previous year[34] - The net cash flow from operating activities for Q1 2014 was ¥175,951,746, a decrease of 58.7% compared to ¥425,167,023 in the same period last year[34] - Total cash inflow from financing activities was ¥948,254,670, down 58.5% from ¥2,280,740,188 in the previous year[35] - The net cash flow from financing activities was -¥474,254,925, contrasting with a positive net cash flow of ¥550,684,720 in Q1 2013[35] Assets and Liabilities - Total assets decreased by 3.81% to CNY 13,056,933,269.11 compared to the end of the previous year[12] - The total number of shareholders was 43,338 at the end of the reporting period[13] - The company's cash and cash equivalents decreased from CNY 1,921,884,852.62 to CNY 1,556,117,571.67[21] - Total liabilities rose to CNY 1,748,672,801.73, an increase of 9.9% from CNY 1,590,200,685.08 year-on-year[26] - The total owner's equity decreased to CNY 1,850,231,674.23 from CNY 1,875,392,661.55, indicating a decline of 1.3%[26] Operating Costs and Expenses - The company's operating costs decreased by 41.00%, in line with the reduction in operating revenue[15] - Total operating costs for Q1 2014 were CNY 1,636,486,895.46, down 37.1% from CNY 2,602,758,516.81 year-on-year[28] - The company reported a significant increase in sales expenses, totaling CNY 75,938,945.78, compared to CNY 68,189,466.77 in Q1 2013, marking an increase of 10.2%[29] - The cash paid for purchasing goods and services decreased by 42.51% due to lower production load[16] - The cash paid for employee compensation was ¥74,577,262, down from ¥95,065,929 in Q1 2013[34] Investment and Other Income - Investment income increased by CNY 10,521,921.88, mainly due to the subsidiary's hedging activities[15] - Government subsidies recognized in the current period amounted to CNY 6,100,000[11] - Non-operating income and expenses, excluding the above items, resulted in a net impact of CNY 6,335,299.87[11] - The company received ¥7,000,000 from minority shareholders in Q1 2014, compared to ¥14,720,000 in the same period last year[35] Future Outlook - The company expects a significant loss for the year-to-date period due to continued industry downturn and substantial first-quarter losses[18] - The company provided guarantees totaling CNY 176,640,000 for its subsidiaries, representing 98.31% of the latest unaudited net assets[18]