古井贡酒(000596) - 2014 Q1 - 季度财报

Financial Performance - Revenue for Q1 2014 was CNY 1,487,912,219.94, a decrease of 4.94% compared to CNY 1,565,277,372.69 in the same period last year[6] - Net profit attributable to shareholders was CNY 286,719,709.12, down 6.79% from CNY 307,616,134.93 year-on-year[6] - Basic earnings per share decreased by 6.56% to CNY 0.57 from CNY 0.61 in the previous year[6] - Net cash flow from operating activities was CNY 86,065,295.17, a significant decline of 82.09% compared to CNY 480,662,848.19 in the same period last year[6] Assets and Liabilities - Total assets increased by 5.39% to CNY 6,130,728,601.92 from CNY 5,816,934,562.27 at the end of the previous year[6] - Net assets attributable to shareholders rose by 7.71% to CNY 4,031,243,058.00 from CNY 3,742,756,257.05 at the end of last year[6] - Accounts receivable increased by 133.87% to CNY 361,116,340.37 due to increased use of bill settlement during the peak sales season[12] - Prepayments rose by 187.43% to CNY 423,264,436.49, attributed to increased sales orders during the Spring Festival[12] Investment Activities - The company reported a significant increase in investment income due to the maturity of capital-protected floating income financial products[12] - The company holds a total of 3,489,229 shares of Lipei Co., accounting for 1.82% of the total shares, with a book value of 26,448,350 yuan[17] - The company has invested 8,000,000 yuan in reverse repurchase agreements, with a year-end investment value of 14,570,000 yuan, representing 3.61% of the net assets[19] Future Outlook - The company anticipates a significant change in cumulative net profit from the beginning of the year to the next reporting period, potentially resulting in a loss compared to the same period last year[16] Risk Management - The company has established a risk management mechanism for its derivative investments, ensuring compliance with prudent and stable risk management principles[20] Corporate Governance - The company has not conducted any on-site research, communication, or interviews during the reporting period[21] Capital Management - The company plans to permanently supplement working capital with surplus raised funds and interest amounting to CNY 145,806,600[14]