隆平高科(000998) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥520,114,241.12, a decrease of 25.56% compared to ¥698,712,186.70 in the same period last year[8] - Net profit attributable to shareholders increased by 37.87% to ¥138,575,501.93 from ¥100,509,114.51 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥131,102,052.56, up 27.71% from ¥102,658,855.30 in the previous year[8] - The basic earnings per share rose by 16.67% to ¥0.28 from ¥0.24 in the same period last year[8] - The weighted average return on equity increased by 0.49 percentage points to 8.40% compared to 7.91% in the previous year[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,714,666,141.61, a decrease of 3.08% from ¥3,832,779,803.72 at the end of the previous year[8] - Net assets attributable to shareholders increased by 8.63% to ¥1,716,385,955.31 from ¥1,580,084,065.52 at the end of the previous year[8] - Accounts receivable at the end of the period reached 217.96 million yuan, up 31.88% from the beginning of the year, primarily due to increased debts owed by distributors to subsidiaries[18] - Prepaid accounts at the end of the period were 132.48 million yuan, a rise of 38.31% from the beginning of the year, mainly due to increased advance payments to suppliers by subsidiaries during the reporting period[18] - Other non-current assets at the end of the period totaled 92.23 million yuan, an increase of 184.83% compared to the beginning of the year, primarily due to increased advance land payments by the parent company during the reporting period[18] - Accounts payable at the end of the period were 198.56 million yuan, a decrease of 40.96% from the beginning of the year, primarily due to payments made by subsidiaries for outstanding supplier debts from the previous year[18] Cash Flow - The company reported a net cash flow from operating activities of -¥66,904,098.79, compared to ¥63,011,722.51 in the same period last year[8] - The net cash flow from operating activities for the period was -66.90 million yuan, a decrease of 129.91 million yuan compared to the same period last year, mainly due to a decline in operating income from extended industries[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 48,788[12] - The top shareholder, Hunan Xinda Xincheng Co., Ltd., held 14.4% of the shares, amounting to 71,700,005 shares[12] Investments and Impairments - Trading financial assets at the end of the period amounted to 34.94 million yuan, an increase of 216.13% compared to the beginning of the year, mainly due to the subsidiary's investment in stocks of similar listed companies during the reporting period[18] - The company reported an asset impairment loss of 4.19 million yuan for the period, an increase of 11.35 million yuan compared to the same period last year, mainly due to inventory impairment losses recognized during the reporting period[18] Future Outlook - The company anticipates a potential significant change in net profit compared to the same period last year, but specific figures are not disclosed[23] - The company has committed to not engaging in real estate commercial development activities in the future, ensuring compliance with previous commitments[21]