Guirenniao(SH:603555)2014-04-21 16:00Financial Performance - Operating revenue decreased by 15.23% to CNY 552,969,623.11 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 12.00% to CNY 76,129,987.66 compared to the same period last year[9] - The weighted average return on net assets decreased by 2.58 percentage points to 3.92%[9] - Basic earnings per share decreased by 24.76% to CNY 0.1240[9] - Total revenue for the first quarter was CNY 552,969,623.11, a decrease of 15.2% compared to CNY 652,324,361.83 in the previous period[27] - Net profit for the first quarter was CNY 76,129,987.66, down 12.0% from CNY 86,506,698.16 year-over-year[27] - Basic earnings per share decreased to CNY 0.1240 from CNY 0.1648, reflecting a decline of 24.4%[28] Asset and Liability Changes - Total assets increased by 38.66% to CNY 3,819,765,289.76 compared to the end of the previous year[9] - The total assets increased to ¥3,819,765,289.76 from ¥2,754,749,323.87, marking a significant growth in the company's asset base[20] - Total liabilities amounted to ¥1,543,853,707.88, compared to ¥1,436,866,329.65 in the previous period[20] - Total liabilities decreased slightly to CNY 1,423,183,587.25 from CNY 1,435,898,361.03, a reduction of 0.9%[24] Cash Flow and Liquidity - Cash flow from operating activities improved by 25.93%, with a net outflow of CNY 122,200,887.07 compared to CNY 164,975,844.52 in the same period last year[9] - Cash inflow from financing activities totaled 1,334,300,000.00 RMB, significantly up from 428,300,000.00 RMB in the previous period, reflecting strong capital raising efforts[33] - Cash outflow for investing activities was 131,942,929.60 RMB, compared to 33,109,020.26 RMB in the previous period, indicating increased investment expenditures[33] - The ending cash and cash equivalents balance increased to 1,049,500,080.60 RMB from 161,160,156.55 RMB in the previous period, showing a strong liquidity position[37] - The net increase in cash and cash equivalents was 545,459,207.59 RMB, a recovery from a decrease of -199,864,200.83 RMB in the previous period, indicating improved cash management[37] Shareholder Information - The largest shareholder, Guirenniao Group (Hong Kong) Co., Ltd., holds 78.89% of the shares[10] - The total number of shareholders at the end of the reporting period was not disclosed[10] Operational Changes - The company reported a government subsidy of CNY 10,072,068.00 related to normal business operations[9] - Management expenses rose by 32.51% to ¥37,633,415.90, mainly due to increased IPO issuance costs[12] - Operating income surged by 2713.27% to ¥10,131,909.03, primarily from increased government subsidies received during the period[12] - The company plans to focus on market expansion and new product development to drive future growth[27] Inventory and Prepayments - Prepayments rose by 297.94% to ¥258,651,742.85, attributed to increased advance payments for summer and autumn product orders[12] - The company reported a significant increase in prepayments to CNY 231,542,789.50 from CNY 57,156,248.01, a rise of 304.0%[23] - Inventory decreased by 35.82% to ¥68,624,855.87, as production for spring and summer products concluded and raw material stockpiling reduced[12]