YILI(SH:600887)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 122.54% to CNY 1.08 billion year-on-year[9] - Operating revenue for the first quarter reached CNY 13.04 billion, an increase of 11.18% compared to the same period last year[9] - Basic earnings per share increased by 96.30% to CNY 0.53 per share[9] - Operating profit rose to ¥1,174,266,825.70, reflecting a significant increase of 117.79% year-over-year[15] - Investment income reached ¥30,080,482.72, marking a substantial increase from a loss of ¥41,660.62 in the previous period[15] - The company reported a total comprehensive income of ¥1.05 billion for Q1 2014, compared to ¥494.12 million in Q1 2013[28] Cash Flow - The net cash flow from operating activities was negative at CNY -1.68 billion, a decrease of 295.67% year-on-year[9] - Cash flow from operating activities showed a net outflow of ¥1,683,373,969.08, a decrease of 295.67% compared to the previous year[17] - Net cash flow from operating activities improved to ¥1,172,354,759.12 compared to a loss of ¥113,177,196.48 in the previous period[35] - Cash outflow from investment activities totaled ¥4,777,410,490.42, significantly higher than ¥277,002,940.74 in the prior period, indicating increased investment efforts[35] - Net cash flow from investment activities was negative at -¥2,945,704,378.50, worsening from -¥269,869,742.72 year-over-year[35] - Cash inflow from financing activities amounted to ¥6,851,448,178.76, with significant contributions from new investments and borrowings[35] - Net cash flow from financing activities decreased to -¥873,529,743.17 from a positive inflow of ¥4,550,667,300.59 in the previous period[35] Assets and Liabilities - Total assets increased by 4.47% to CNY 34.35 billion compared to the end of the previous year[9] - Current assets increased to CNY 17.51 billion from CNY 16.47 billion, a growth of approximately 6.31%[21] - Total liabilities increased to CNY 16.99 billion from CNY 16.56 billion, marking a growth of approximately 2.61%[22] - Total equity rose to CNY 17.36 billion from CNY 16.31 billion, an increase of approximately 6.43%[22] - The company reported a significant increase in long-term equity investments to CNY 11.42 billion from CNY 6.68 billion, a growth of approximately 71.06%[25] Inventory and Receivables - The company’s inventory increased due to higher reserves of imported milk powder and finished product stock[13] - Inventory grew by 40.47% to ¥5,173,477,388.81, up from ¥3,682,902,752.63[15] - Accounts receivable increased by 347.79% to ¥814,700,000.00 from ¥181,939,000.00[15] - Accounts receivable increased to CNY 369.04 million from CNY 340.09 million, a rise of about 8.54%[21] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 77.41 million related to its normal business operations[10] - The company received government subsidies, contributing to an increase in non-operating income by 56.55% to ¥80,199,600.69[15] - The tax expense increased by 64.62% to ¥160,162,303.03, driven by higher total profit[17] - The company reported a significant increase in financial expenses, which decreased to -¥53,944,582.77 from -¥1,859,879.79[15] Strategic Plans - The company plans to continue enhancing cost control measures to maintain profitability amid rising expenses[16] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[28]