常山北明(000158) - 2014 Q1 - 季度财报

Financial Performance - Revenue for the first quarter was CNY 1,119,253,877.29, a decrease of 30.32% compared to CNY 1,606,327,203.46 in the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 21,714,017.67, representing a decline of 21.37% from a loss of CNY 17,890,105.75 year-on-year[8] - The net cash flow from operating activities was a negative CNY 114,052,571.51, an improvement of 18.51% compared to a negative CNY 139,965,531.93 in the previous year[8] Assets and Shareholder Equity - Total assets at the end of the reporting period were CNY 5,610,797,305.55, down 2.81% from CNY 5,773,239,230.75 at the end of the previous year[8] - The company's net assets attributable to shareholders decreased by 0.9% to CNY 2,420,110,524.82 from CNY 2,441,968,450.01[8] Receivables and Expenses - Accounts receivable decreased by 33.18% compared to the beginning of the year, primarily due to the maturity and endorsement transfer of bank acceptance bills[16] - Sales expenses decreased by 68.27% year-on-year, mainly due to a reduction in foreign sales and transportation costs[16] - Management expenses decreased by 51.44% compared to the previous year, largely due to significant employee relocation compensation payments in the prior year[16] - Other income decreased by 42.79% year-on-year, primarily due to a reduction in government subsidies[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,093[11] Commitments and Investments - The company is currently fulfilling commitments related to land transfer for its cotton subsidiaries, with commitments made on May 16, 2013, and December 13, 2013, expected to be completed by the end of 2014 and the second quarter of 2014, respectively[19] - The company reported no securities investments during the reporting period, with a total initial investment of 0.00 yuan and no shares held[21] - The company holds 3,197,945 shares of Bank of Communications, representing 0.01% of its total shares, with an initial investment of 5,139,369 yuan and a current value of 12,088,232 yuan[21] - There were no derivative investments reported during the period, with a total initial investment of 0 and no losses incurred[23] Investor Communication - The company engaged in communication with investors regarding its production operations and land transfer situations during the reporting period[25]