南天信息(000948) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥245,803,223.17, a decrease of 9.35% compared to ¥271,147,203.32 in the same period last year[8] - The net profit attributable to shareholders was -¥58,098,264.15, slightly worse than -¥57,566,180.31 in the previous year[8] - The net cash flow from operating activities was -¥329,447,778.28, compared to -¥248,975,997.38 in the same period last year[8] - The company's weighted average return on equity was -4.22%, an improvement from -4.55% in the previous year[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,183,324,051.24, down 14.96% from ¥2,567,273,557.86 at the end of the previous year[8] - Cash and cash equivalents decreased by ¥48,533,690, a decline of 60.17%, primarily due to high payments and repayment of loans[17] - The company’s short-term borrowings decreased by ¥107,000,000, a decline of 29.08%, due to repayment of due borrowings[17] Revenue and Income - Operating income decreased by CNY 2.2921 million, a decline of 71.36%, mainly due to a reduction in government subsidies recognized in the current period[19] - Investment income decreased by CNY 620,400, a decline of 71.24%, primarily due to a decrease in profits from the invested unit Yunnan Pharmaceutical Industry Co., Ltd. in the current quarter[19] - Cash received from sales of goods and services decreased by CNY 51.9384 million, a decline of 17.17%, mainly due to a decrease in cash receipts compared to the same period last year[20] - Cash received from tax refunds decreased by CNY 2.4132 million, a decline of 100%, as no tax refunds were received in the current period[20] Expenses - The company reported a decrease in operating costs by 10.53% compared to the previous year, primarily due to reduced system integration business settlements[18] - Financial expenses decreased by CNY 1.9747 million, a decline of 31.30%, mainly due to a reduction in borrowings compared to the same period last year[19] - Income tax expenses decreased by CNY 975,000, a decline of 494.68%, primarily due to deferred income tax assets arising from unrealized profits in related party transactions[19] - Cash paid for taxes increased by CNY 12.1864 million, an increase of 43.11%, mainly due to tax provisions from the previous year being paid in the current period[22] Cash Flow - Cash received from borrowings increased by CNY 89.975 million, a significant increase of 360,047.08%, primarily due to increased financing needs from repaying maturing debts[22] - Cash paid for debt repayment increased by CNY 144.5953 million, an increase of 270.98%, leading to a net decrease in cash and cash equivalents of CNY 132.7821 million compared to the same period last year[22] Investor Relations - The company has not received any investor site visits during the reporting period[25]