桂林旅游(000978) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥81,938,398.94, representing a decrease of 3.6% compared to ¥85,000,113.14 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥27,036,108.56, which is a 4.48% improvement from a loss of ¥27,665,576.00 in the previous year[8] - The basic earnings per share for the period was -¥0.075, a decrease of 5.06% from -¥0.077 in the previous year[8] - The weighted average return on net assets was -1.92%, slightly worse than -1.88% in the previous year[8] - The company anticipates a significant decline in net profit for the first half of 2014 compared to the previous year[19] Cash Flow - The net cash flow from operating activities showed a significant decline, with a net outflow of ¥111,534,310.74, an increase of 248.4% compared to the outflow of ¥32,013,325.53 in the same period last year[8] - Operating cash flow net amount was -111.53 million RMB, worsening from -32.01 million RMB in the previous period[18] - Investment cash flow net amount was -61.41 million RMB, an improvement from -126.49 million RMB in the previous period[18] - Financing cash flow net amount increased by 134.73% to 105.77 million RMB, due to reduced bank loan repayments[18] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,785,829,110.82, reflecting a slight increase of 0.33% from ¥2,776,710,677.78 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.9%, amounting to ¥1,397,007,392.89 compared to ¥1,424,043,501.45 at the end of the previous year[8] - Total number of shareholders at the end of the reporting period is 33,131[12] - The largest shareholder, Guilin Tourism Development Co., holds 23.06% of shares, totaling 83,051,422 shares[12] Government Subsidies - The company received government subsidies totaling ¥538,799.96 related to tourism infrastructure projects during the reporting period[10] - The company has implemented a government subsidy program to support employment for older job seekers, receiving ¥109,074.50 for this initiative[10] Other Financial Adjustments - The company reported a significant adjustment in financial data due to a major accounting error correction, impacting the net profit for Q1 2013 by ¥638,222.22[8] - Prepaid accounts increased by 50.71% to 175.61 million RMB, primarily due to land acquisition payments[15] - Dividend receivables rose by 1653.20% to 2.52 million RMB, attributed to dividends from a subsidiary[15] - Short-term borrowings increased by 29.78% to 523 million RMB, reflecting higher bank loans[15] - Unallocated profits decreased by 99.25% to 200,000 RMB, due to a loss of 27.04 million RMB in the current period[16]