山西汾酒(600809) - 2014 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 54.46% to CNY 342,344,365.91 compared to the same period last year[7] - Operating revenue for the first quarter was CNY 1,557,415,685.84, a decline of 44.28% year-on-year[7] - Basic earnings per share dropped by 54.46% to CNY 0.3954 compared to the same period last year[7] - Net profit fell by 54.51% to ¥351,838,150.20, with profit attributable to shareholders decreasing by 54.46% to ¥342,344,365.91[10] - Total operating revenue for Q1 2014 was CNY 1,557,415,685.84, a decrease of 44.4% compared to CNY 2,795,167,569.33 in the same period last year[19] - Net profit for Q1 2014 was CNY 351,838,150.20, a decline of 54.5% compared to CNY 773,408,457.84 in Q1 2013[19] - Earnings per share for Q1 2014 was CNY 0.3954, down from CNY 0.8683 in the same quarter last year[19] Asset and Liability Changes - Total assets increased by 2.86% to CNY 5,982,943,832.70 compared to the end of the previous year[7] - The company’s net assets attributable to shareholders increased by 9.02% to CNY 4,174,343,352.39 compared to the end of the previous year[7] - Total liabilities decreased from ¥1,940,519,742.13 to ¥1,751,785,195.07, reflecting a reduction in accounts payable and other payables[13] - Total assets at the end of Q1 2014 were CNY 5,003,132,702.39, a decrease from CNY 5,166,444,846.75 at the beginning of the year[16] - Total liabilities at the end of Q1 2014 were CNY 1,045,669,200.92, down from CNY 1,267,637,245.60 at the start of the year[16] Cash Flow and Operating Activities - Net cash flow from operating activities was CNY 228,939,910.38, a significant improvement from a negative CNY 96,327,737.87 in the previous year[7] - Cash inflow from sales of goods and services decreased to ¥1,517,090,580.83 from ¥1,821,986,801.57, reflecting a decline of approximately 16.7% year-over-year[24] - Total cash outflow from operating activities was ¥1,297,387,514.22, down from ¥1,936,917,193.66, representing a reduction of about 33%[24] - The net increase in cash and cash equivalents for the quarter was ¥141,577,931.07, contrasting with a decrease of ¥188,605,671.56 in the same quarter last year[25] - The ending balance of cash and cash equivalents was ¥1,078,075,723.99, down from ¥2,292,198,642.73 year-over-year, indicating a decrease of approximately 52.9%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,018[9] - The largest shareholder, Shanxi Xinghuacun Fenjiu Group Co., Ltd., holds 69.97% of the shares[9] Expense Management - The company reported a significant reduction in sales expenses by 45.98% to ¥372,329,074.69, indicating cost-cutting measures[10] - The company reported a significant reduction in sales expenses, which were CNY 372,329,074.69 in Q1 2014, down 46% from CNY 689,216,726.33 in Q1 2013[19] - The cash outflow for purchasing goods and services was ¥296,752,611.88, down from ¥585,990,710.98, reflecting a decrease of approximately 49.3%[24] Other Financial Metrics - The weighted average return on net assets decreased by 10.58 percentage points to 8.56%[7] - The company reported a total of CNY -7,328,428.21 in non-recurring gains and losses for the quarter[7] - Accounts receivable increased significantly by 3064.84% to ¥32,029,584.10 due to increased credit sales[10] - Prepaid accounts decreased by 51.51% to ¥39,792,479.38, mainly due to the transfer of initial prepayments during the period[10] - Other receivables increased by 637.63% to ¥47,788,307.52, primarily due to pending settlement documents for social pension insurance payments[10] - The company’s gross profit margin for Q1 2014 was approximately 28.5%, compared to 36.5% in the same period last year[19] - The cash flow from investment activities showed a net outflow of ¥87,361,979.31, slightly improved from a net outflow of ¥92,277,933.69 in the previous year[25] - The company maintained a stable cash flow despite the decrease in sales, indicating effective cost management strategies[24]