岳阳兴长(000819) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥326,181,717.36, a decrease of 27.28% compared to ¥448,560,471.23 in the same period last year[9] - The net profit attributable to shareholders was ¥8,198,144.91, down 39.44% from ¥13,536,290.71 year-on-year[9] - Basic and diluted earnings per share decreased by 40.63% to ¥0.038 from ¥0.064[9] - Total profit and net profit attributable to the parent company decreased by 32.75% and 39.44% year-on-year, respectively, primarily due to production shutdowns for maintenance[19] Cash Flow - The net cash flow from operating activities was negative at -¥7,505,976.59, a decline of 144.4% compared to ¥16,906,032.27 in the previous year[9] - Cash received from sales and services was ¥206,922,840.64, a decrease of 32.32% compared to ¥305,722,040.29 in the previous year[15] - Cash inflow from operating activities decreased by 32.32% year-on-year, attributed to reduced product output leading to lower sales and revenue[17] - Net cash flow from operating activities decreased by 144.40% year-on-year, primarily due to increased value-added tax compared to the previous year[18] - Other operating cash receipts decreased by 36.02% year-on-year, mainly due to the previous year's guarantee deposits received by the subsidiary[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥723,494,223.99, a slight decrease of 0.56% from ¥727,586,673.99 at the end of the previous year[9] - Accounts receivable increased significantly by 318.09% to ¥4,684,993.37 from ¥1,120,575.42 at the beginning of the year[15] - Accounts receivable increased by 318.09% compared to the beginning of the year, mainly due to an increase in receivables from sales[16] - Employee compensation payable decreased by 43.62% compared to the beginning of the year, mainly due to payments made for last year's salaries[16] - Asset impairment losses increased by 196.04% year-on-year, primarily due to higher provisions for bad debts compared to the previous year[16] Investment and Financing Activities - Investment income increased by 33.16% compared to the previous year, mainly due to reduced losses from the associated company Wuhu Kangwei[16] - Cash outflow from investment activities increased by 104.48% year-on-year, primarily due to increased cash payments for fixed asset construction by the subsidiary[19] - Cash flow from financing activities increased by 16,566.67% year-on-year, mainly due to increased bank loans by the subsidiary[19] Shareholder Information - The company had a total of 18,110 shareholders at the end of the reporting period[11]