YNYW(SH:600725)2015-04-29 16:00Financial Performance - Total revenue for the first quarter was RMB 1,007,520,073.11, a decrease of 29.68% compared to the same period last year[9] - Net profit attributable to shareholders was RMB -201,868,596.23, reflecting a significant decline from the previous year[9] - Operating cash flow for the period was RMB -100,186,765.43, a decrease of 156.94% year-on-year[9] - Total operating revenue for Q1 2015 was ¥1,007,520,073.11, a decrease of 29.6% compared to ¥1,432,728,812.13 in the same period last year[34] - Net loss for Q1 2015 was ¥297,144,303.31, compared to a net loss of ¥190,467,307.56 in Q1 2014, representing a 56.0% increase in losses[35] - The net profit attributable to the parent company for Q1 2015 was ¥-201,868,596.23, compared to ¥-151,067,344.76 in the previous year[36] - Basic and diluted earnings per share for Q1 2015 were both ¥-0.328, compared to ¥-0.245 in Q1 2014[36] Assets and Liabilities - Total assets at the end of the reporting period were RMB 12,529,217,279, a decrease of 0.84% compared to the end of the previous year[9] - The net asset attributable to shareholders was RMB 12,634,872,234.65, down 60.01% year-on-year[9] - The company's total current assets as of March 31, 2015, amounted to 4,200,462,740.15 yuan, a decrease from 4,349,135,119.87 yuan at the beginning of the year[26] - The total liabilities of the company as of March 31, 2015, were 12,245,317,927.89 yuan, compared to 12,032,154,785.45 yuan at the beginning of the year[28] - Total liabilities for Q1 2015 were ¥3,042,808,321.50, compared to ¥2,522,111,580.40 in the same period last year, reflecting a 20.6% increase[32] - Total equity for Q1 2015 was ¥1,902,655,518.40, slightly up from ¥1,898,650,572.95 year-over-year[32] Cash Flow - Cash received from sales decreased by 63.88% year-on-year, attributed to lower production and sales volumes[19] - Other operating cash received increased by 66.93%, mainly due to increased government subsidies[19] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by 68.53% year-on-year, mainly due to reduced project investment expenditures[20] - Cash received from borrowings increased by 49.88% compared to the same period last year, indicating an increase in borrowings[20] - Cash paid for other financing activities increased by 201.19% year-on-year, primarily due to payments for maturing letters of credit and note financing[20] - Cash flow from operating activities shows a net outflow of CNY 100,186,765.43, down from a net inflow of CNY 175,951,745.96 in the previous period[43] - Total cash inflow from operating activities is CNY 629,839,860.85, compared to CNY 1,700,993,066.20 in the previous period, reflecting a decline[42] - Cash outflow for operating activities is CNY 730,026,626.28, down from CNY 1,525,041,320.24 in the previous period[43] - The company reported a cash and cash equivalents balance of CNY -33,169,354.44 at the end of the period, compared to CNY 1,707,365,544.37 in the previous period[44] - The financing activities generated a net cash inflow of CNY 186,196.98, a recovery from a net outflow of CNY 474,254,924.80 in the previous period[44] Shareholder Information - The number of shareholders at the end of the reporting period was 43,081[12] - The largest shareholder, Yunnan Yunwei Group Co., Ltd., held 41.79% of the shares, with 257,506,610 shares pledged[12] Future Outlook - The company expects a significant loss in net profit from the beginning of the year to the next reporting period due to continued industry downturn and substantial losses in the first quarter[22] Financial Management - The company experienced a substantial increase in cash inflow compared to the previous period, indicating improved liquidity[46] - The company’s financial management strategies appear to be effective, as evidenced by the positive net cash flow and increased cash reserves[46]