中粮糖业(600737) - 2014 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 194.24% to a loss of CNY 40.71 million compared to the same period last year[9]. - Operating revenue decreased by 3.76% to CNY 2.02 billion compared to the previous year[9]. - Basic and diluted earnings per share both decreased by 150% to -CNY 0.02[9]. - Total operating revenue for the current period was CNY 2,018,128,151.42, a decrease of 3.74% compared to CNY 2,096,997,456.09 in the previous period[27]. - The net profit for the current period was a loss of CNY 42,106,338.30, compared to a profit of CNY 42,469,788.65 in the previous period[28]. - Operating profit turned negative at -¥31.63 million compared to a loss of -¥4.02 million in the previous period[30]. - Net profit also reported a loss of -¥29.67 million, down from a profit of ¥88.33 million in the same period last year[30]. - The comprehensive income total for the current period was a loss of CNY 30,170,445.16, compared to a loss of CNY 49,264,453.88 in the previous period[28]. - Total comprehensive income decreased to -¥33.30 million from ¥87.77 million year-over-year[30]. Assets and Liabilities - Total assets increased by 6.01% to CNY 12.42 billion compared to the end of the previous year[9]. - The company’s net assets attributable to shareholders decreased by 0.48% to CNY 5.99 billion compared to the end of the previous year[9]. - The total current assets increased to CNY 6.72 billion from CNY 5.90 billion, reflecting a growth of approximately 13.9%[20]. - The total current liabilities rose to CNY 6.14 billion from CNY 5.40 billion, indicating an increase of approximately 13.8%[21]. - The total liabilities increased to CNY 6,396,735,979.49 from CNY 5,661,760,473.03, representing a growth of 12.93%[22]. - The company's total equity decreased to CNY 6,025,144,872.13 from CNY 6,055,483,439.46, a decline of 0.50%[22]. Cash Flow - Net cash flow from operating activities improved to a loss of CNY 148.51 million, compared to a loss of CNY 697.35 million in the same period last year[9]. - Cash flow from operating activities showed a net outflow of -¥148.51 million, an improvement from -¥697.35 million year-over-year[34]. - Cash and cash equivalents increased significantly to CNY 2.30 billion from CNY 1.02 billion, representing a growth of about 126.5%[20]. - Cash and cash equivalents at the end of the period increased to ¥2.30 billion from ¥1.16 billion, reflecting a net increase of ¥1.28 billion[34]. - Investment activities generated a net cash inflow of ¥144.69 million, compared to ¥85.76 million in the previous period[34]. - Financing activities produced a net cash inflow of ¥1.28 billion, up from ¥747.40 million year-over-year[34]. - The company received ¥2.55 billion from investment recoveries, a significant increase from ¥47.60 million in the previous period[36]. Shareholder Information - The total number of shareholders reached 76,423[12]. - The largest shareholder, COFCO Group, holds 55.00% of the shares, totaling 1,128,531,900 shares[12]. Operational Changes - Operating revenue decreased by 40.07% to 6,876.17 million CNY due to reduced sales volume of tomatoes and sugar[14]. - Financial expenses decreased by 56.01% to 2,314.74 million CNY as a result of reduced loans[14]. - Fair value changes resulted in a profit of 1,463.39 million CNY, a significant increase compared to a loss of 786.09 million CNY in the previous period[14]. - The company experienced a 95.07% decrease in non-operating income to 469.45 million CNY, primarily due to the disposal of assets in the previous year[14]. - The company’s tax expenses decreased by 90.59% to 99.13 million CNY, mainly due to reduced income tax expenses from sugar imports[15]. - The company’s accounts payable decreased by 48.44% to 50,950.86 million CNY, primarily due to increased payments for materials[14]. Investment and Business Strategy - The company has committed to not engaging in similar business activities as COFCO Tunhe during the holding period, ensuring no unfair advantages are sought[17]. - COFCO Tunhe will not inject Inner Mongolia COFCO Tomato Products Co., Ltd. into its operations until it achieves stable profitability, protecting the interests of minority investors[17]. - The company has established a priority purchase right for COFCO Tunhe regarding any related assets or businesses during the holding period[17]. - The company has confirmed that it will ensure COFCO Tunhe has full decision-making rights over any similar business activities that may arise during the holding period[17].