FIRMACO(SH:600967)2015-04-13 16:00Financial Performance - Operating revenue for the first quarter was CNY 335,919,383.13, representing a decline of 55.26% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 27,033,558.98, a decrease of 130.95% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.028, down 126.42% from CNY 0.106 in the previous year[8] - The company's operating revenue for the period was RMB 335,919.38 million, a significant decline of 55.26% compared to RMB 750,823.05 million in the previous period[15] - The net profit for the period was a loss of RMB 22,926.44 million, representing a decrease of 125.72% compared to a profit of RMB 89,133.82 million in the same period last year[15] - The operating profit for the period was a loss of RMB 28,614.30 million, a decline of 128.16% compared to the previous period[15] - The total profit for Q1 2015 was a loss of CNY 23,753,353.39, compared to a profit of CNY 101,818,912.05 in the previous year[31] Cash Flow - Cash flow from operating activities showed an improvement with a net cash flow of CNY -227,179,628.79, compared to CNY -370,212,424.26 in the same period last year[8] - The company's operating cash flow for Q1 2015 was a net outflow of CNY 227,179,628.79, an improvement from a net outflow of CNY 370,212,424.26 in Q1 2014[36] - Operating cash inflow for Q1 2015 was CNY 78,449,963.76, down 49% from CNY 153,849,324.90 in the previous year[37] - Operating cash outflow for Q1 2015 totaled CNY 294,401,101.72, a decrease of 45% compared to CNY 536,289,747.61 in the same period last year[37] - Net cash flow from operating activities was -CNY 215,951,137.96, improving from -CNY 382,440,422.71 year-over-year[37] - The company received cash inflows from operating activities totaling CNY 143,178,951.21, down from CNY 195,689,599.97 in the same period last year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,378,681,462.13, a decrease of 1.53% compared to the end of the previous year[8] - The total assets of the company as of the end of the reporting period amounted to RMB 337,868.15 million, a decrease of RMB 5,233.73 million or 1.53% compared to the beginning of the period[14] - Accounts receivable increased by 50.75% to RMB 504,020.71 million, reflecting new sales during the period[14] - Short-term borrowings increased by 170% to RMB 54,000 million, primarily due to new borrowings by a subsidiary[14] - Current liabilities decreased to CNY 568,232,375.12 from CNY 709,161,810.85, a reduction of 19.9%[27] - Total liabilities amounted to CNY 568,232,375.12, down from CNY 709,161,810.85, indicating a decrease of 19.9%[27] - Shareholders' equity totaled CNY 2,193,224,965.35, a slight decrease from CNY 2,212,480,463.54 at the beginning of the year[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,787[12] - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., held 194,339,999 shares, accounting for 23.62% of the total shares[12] Government Support - The company received government subsidies amounting to CNY 4,850,000 related to its normal business operations[10] Other Financial Metrics - The weighted average return on net assets decreased to -0.99%, down 4.90 percentage points from the previous year[8] - The company reported a non-operating income of CNY 4,130,562.58 after accounting for various non-recurring items[11] - The company's sales expenses for Q1 2015 were CNY 3,776,174.11, down from CNY 12,467,173.23 in Q1 2014, indicating a reduction in selling costs[33] - The financial expenses for Q1 2015 were reported as -CNY 3,107,348.04, compared to -CNY 5,010,009.88 in the previous year, showing a decrease in financial costs[33] - The company incurred asset impairment losses of CNY 4,690,078.55 in Q1 2015, a decrease from CNY 18,118,504.99 in Q1 2014[33]