江苏索普(600746) - 2015 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 265.70% to a loss of CNY 8,297,532.80 compared to the same period last year[5] - Operating revenue decreased by 24.85% to CNY 123,216,953.92 compared to the same period last year[5] - The company reported a net loss of CNY 8,297,532.80 for Q1 2015, compared to a net profit of CNY 5,007,696.91 in the same period last year, indicating a significant decline in profitability[20] - Operating profit for the quarter was CNY -10,943,185.06, a decrease from CNY 6,908,667.43 in the previous year, reflecting operational challenges[20] - The total comprehensive income for the quarter was CNY -8,274,432.80, down from CNY 4,993,521.91 in Q1 2014, highlighting a negative trend in overall financial performance[20] - The cumulative net profit from the beginning of the year to the next reporting period is expected to be a loss, primarily due to significant market fluctuations[12] Cash Flow and Liquidity - Net cash flow from operating activities increased by 123.61% to CNY 10,637,678.82 compared to the same period last year[5] - Cash flow from operating activities generated a net inflow of CNY 10,637,678.82, an increase from CNY 4,757,260.06 in the same quarter last year, indicating improved cash generation from operations[24] - Cash and cash equivalents increased by 51.44% compared to the beginning of the year, primarily due to an increase in bank deposits and margin deposits[11] - Cash and cash equivalents at the end of the quarter totaled CNY 25,015,011.50, down from CNY 49,579,751.10 at the end of Q1 2014, reflecting a decrease in liquidity[24] - Total cash outflow from operating activities was CNY 107,814,744.98, down from CNY 137,510,203.58 in the same period last year, suggesting cost management efforts[24] Shareholder Information - The total number of shareholders reached 16,898 at the end of the reporting period[8] - Jiangsu Sop (Group) Co., Ltd. held 57.01% of the shares, amounting to 174,683,000 shares[8] - The company reported a basic earnings per share of CNY -0.0271, compared to CNY 0.0163 in the previous year, reflecting the impact of losses on shareholder value[20] Operational Costs and Expenses - Operating costs for the first quarter were 126,769,992.49 yuan, down from 143,641,803.77 yuan year-on-year[19] - Management expenses decreased by 47.48% year-on-year, primarily due to a reduction in management personnel and lower salary expenses[11] - Financial expenses decreased by 106.21% year-on-year, as there were no bank loans during the reporting period compared to 55 million yuan in bank loans in the same period last year[11] - The company incurred operating expenses of CNY 86,627,315.87, a decrease from CNY 109,491,717.06 in the previous year, indicating potential cost-cutting measures[24] Asset and Liability Overview - Total assets increased by 0.94% to CNY 564,359,410.58 compared to the end of the previous year[5] - Total liabilities increased to 135,174,693.97 yuan from 121,645,617.51 yuan at the beginning of the year[17] - Total assets as of March 31, 2015, amounted to 564,359,410.58 yuan, compared to 559,097,746.80 yuan at the beginning of the year[16] Product and Market Information - The company has not disclosed any new product or technology developments in this report[5] - Operating tax and additional charges decreased by 55% year-on-year, mainly due to a decline in the profitability of the main product, ADC foaming agent, resulting in reduced VAT[11] - Operating profit, total profit, and net profit were negative, mainly because the price drop of the main product, ADC foaming agent, exceeded the cost reduction, resulting in no sales profit[11] - The company experienced a decrease in cash received from sales, totaling CNY 118,419,786.70, compared to CNY 141,114,994.88 in the previous year, indicating a decline in revenue generation[23] Audit and Reporting - The report has not been audited, indicating potential uncertainties in the financial data presented[4] - The weighted average return on equity decreased by 3.058 percentage points to -1.915%[5] - Basic earnings per share decreased by 265.70% to -CNY 0.0271 compared to the same period last year[5] - The company had a foreign exchange impact of CNY 319.05 on cash and cash equivalents, compared to a negative impact of CNY -1,110.49 in the previous year, suggesting a stabilization in currency effects[24]