Milkground(SH:600882)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -2,712,326.62, a decrease of 103.18% year-on-year [7]. - Operating revenue for the period was CNY 104,365,408.34, down 69.93% compared to the same period last year [7]. - The weighted average return on net assets decreased by 5.92 percentage points to -0.20% [7]. - Operating revenue decreased by 69.93% compared to the same period last year, primarily due to a significant drop in the sales price of the main product, iron concentrate, along with a decrease in sales volume [14]. - Operating costs decreased by 56.77% year-on-year, mainly due to the suspension of imported ore processing operations and reduced sales volume [14]. - Total profit decreased by 102.61% year-on-year, primarily due to a decrease in operating profit [15]. - Basic and diluted earnings per share both decreased by 104.76% compared to the same period last year, reflecting the decline in company profits [15]. - The company reported a net profit margin decline due to reduced revenues and increased costs, reflecting ongoing market challenges [28]. Cash Flow - The net cash flow from operating activities increased by 95.77% to CNY 110,273,913.78 compared to the previous year [7]. - Cash flow from operating activities increased by ¥53,945,271.19 compared to the same period last year, mainly due to a larger reduction in cash paid for goods and services compared to cash received from sales [16]. - Cash flow from investing activities decreased by ¥21,785,181.89 year-on-year, primarily due to increased purchases of financial products [16]. - Cash flow from financing activities decreased by ¥13,880,066.23 compared to the same period last year, mainly due to a reduction in bank borrowings [16]. - The net cash flow from operating activities for Q1 2015 was ¥110,273,913.78, a significant increase compared to ¥56,328,642.59 in the same period last year, reflecting a growth of approximately 95.8% [37]. - The net cash flow from investment activities was -¥31,248,068.77, worsening from -¥9,462,886.88 year-over-year [37]. - The net cash flow from financing activities was ¥1,526,068.77, down from ¥15,406,135.00 in the previous year, representing a decline of about 90.1% [38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,649,492,006.64, a decrease of 0.74% compared to the end of the previous year [7]. - Non-current assets totaled CNY 1,090,340,319.75, slightly down from CNY 1,094,968,655.10 at the beginning of the year [22]. - Current liabilities totaled CNY 229,032,095.56, down from CNY 238,437,903.25 at the beginning of the year [22]. - Total liabilities were CNY 278,716,334.53, compared to CNY 288,433,765.63 at the start of the year [22]. - Owner's equity totaled CNY 1,370,775,672.11, a slight decrease from CNY 1,373,408,453.50 at the beginning of the year [22]. - Cash and cash equivalents increased to CNY 23,745.19 from CNY 336.49 at the beginning of the year [24]. Shareholder Information - The number of shareholders at the end of the reporting period was 27,074 [10]. Other Financial Metrics - Short-term borrowings increased by 666.67% compared to the beginning of the year, primarily due to increased borrowings by a subsidiary [13]. - Accounts receivable increased by 51.21% compared to the beginning of the year, attributed to slower customer payment speeds [12]. - Prepayments increased by 63.68% compared to the beginning of the year, indicating an increase in customer prepayments [13]. - Other comprehensive income decreased by 116.49% compared to the beginning of the year, mainly due to exchange rate fluctuations [13]. - Investment income increased by 263.31% compared to the same period last year, attributed to an increase in the purchase of financial products during the reporting period [14]. - The company's management expenses decreased to 15,271,539.07 RMB from 21,288,288.59 RMB year-over-year, reflecting a reduction of approximately 28.2% [30]. - The financial expenses for the quarter were 534,305.05 RMB, down from 969,989.01 RMB in the previous year, indicating a decrease of about 44.9% [30]. - The asset impairment losses were reported at 2,158,108.00 RMB, a decrease from 3,810,028.80 RMB in the same period last year, showing a reduction of approximately 43.3% [30]. - The company reported a tax expense of -348,668.37 RMB for Q1 2015, compared to 27,153,042.47 RMB in the previous year, indicating a significant change in tax liabilities [30].