海南橡胶(601118) - 2015 Q1 - 季度财报

Financial Performance - Operating revenue fell by 16.31% to CNY 1,649,739,855.22 year-on-year[7] - Net profit attributable to shareholders decreased significantly by 1,602.17% to a loss of CNY 110,065,800.90[7] - The company expects a decline in performance compared to the previous year due to the continued low prices of rubber[22] - Total operating revenue for Q1 2015 was ¥1,649,739,855.22, a decrease of 16.3% from ¥1,971,214,201.15 in the same period last year[33] - The net profit for Q1 2015 was a loss of ¥109,275,336.92, compared to a profit of ¥7,808,554.51 in Q1 2014, marking a significant decline[33] - The company's operating profit for Q1 2015 was a loss of ¥133,888,786.42, worsening from a loss of ¥31,582,842.77 in the previous year[33] - Earnings per share for Q1 2015 were -¥0.0280, compared to ¥0.0019 in Q1 2014, indicating a negative shift in profitability[34] Asset and Liability Changes - Total assets decreased by 1.02% to CNY 12,142,772,523.77 compared to the end of the previous year[7] - Total current assets decreased from CNY 5,180,457,408.58 at the beginning of the year to CNY 4,974,073,294.96, a decline of approximately 4%[26] - Total liabilities decreased from CNY 3,165,990,936.95 to CNY 3,150,104,966.03, a decrease of about 0.5%[28] - Owner's equity decreased from CNY 9,101,772,179.34 to CNY 8,992,667,557.74, a reduction of approximately 1.2%[28] - Total liabilities as of the end of Q1 2015 amounted to ¥1,904,920,427.04, slightly down from ¥1,910,520,821.69 at the end of the previous year[33] Cash Flow Analysis - Cash flow from operating activities improved by 122.90%, reaching CNY 125,366,538.92[7] - The net cash flow from operating activities increased to ¥125,366,538.92, a 122.90% improvement compared to the previous period's net outflow of ¥547,409,021.09[20] - Operating cash inflow from sales increased to ¥2,025,351,029.21, up from ¥1,859,617,748.91, representing an increase of approximately 8.9%[39] - Cash inflow from financing activities decreased to ¥671,289,111.67 from ¥861,814,947.63, with net cash flow from financing activities at ¥177,004,087.33, down from ¥621,221,493.10[40] Changes in Assets - The company recorded a significant increase in non-current asset disposal gains of CNY 2,945,424.45[8] - The company reported a decrease in undistributed profits from CNY 914,542,074.97 to CNY 804,476,274.07, a decline of approximately 12%[28] - Cash and cash equivalents decreased from CNY 1,390,663,064.26 to CNY 1,183,408,593.80, representing a decrease of about 15%[26] - Accounts receivable decreased from CNY 1,338,358,653.98 to CNY 1,179,061,277.05, a reduction of approximately 12%[26] - Inventory decreased from CNY 1,419,682,294.96 to CNY 1,279,257,523.38, a decline of around 10%[26] Shareholder Information - The number of shareholders reached 130,211 at the end of the reporting period[11] - The largest shareholder, Hainan Agricultural Reclamation Group Co., Ltd., holds 70.00% of the shares[11] Expense Management - Sales expenses decreased by 54.27% to ¥27,939,541.00, primarily due to reduced warehousing and transportation costs from the previous year[16] - Cash paid for purchasing goods and services decreased to ¥1,464,284,589.50 from ¥1,926,673,972.03, indicating a reduction of approximately 24%[39] - Cash paid to employees decreased to ¥294,197,821.73 from ¥393,698,564.22, a reduction of about 25.3%[39] - Cash outflow for other operating activities was ¥169,434,986.69, down from ¥311,038,713.73, showing a decrease of approximately 45.5%[39] Investment and Fair Value Changes - The fair value change income increased significantly by 217.81% to ¥41,697,620.97, driven by improved floating profits from hedging instruments[16] - The company reported a decrease in investment income of 118.13%, amounting to a loss of ¥27,884,170.90, attributed to reduced gains from hedging activities[16] - Deferred income tax liabilities rose to ¥1,339,550.00, reflecting increased floating profits from hedging instruments[14] Impairment Losses - The company reported a significant increase in asset impairment losses, with a loss of -¥16,165,908.38 in Q1 2015 compared to a gain of ¥2,835,154.99 in the previous year[33] - The company reported a significant reduction in asset impairment losses, with a change of -670.19% to -¥16,165,908.38, indicating improved inventory valuation[16]