威尔泰(002058) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥19,544,164.64, a decrease of 5.75% compared to ¥20,736,329.51 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥2,152,787.99, an improvement of 22.71% from a loss of ¥2,785,341.63 in the previous year[9] - The net profit for Q1 2014 was -¥2,358,788.78, an improvement compared to -¥2,955,880.75 in the same period last year, indicating a decrease in losses by approximately 20.2%[38] - The total comprehensive income for Q1 2014 was -¥2,358,788.78, compared to -¥2,955,880.75 in the previous year, showing a reduction in comprehensive losses[38] - The company expects a net profit loss of between -1 million to 0 million yuan for the first half of 2014, which is a decrease from a net profit of -0.6088 million yuan in the same period of 2013[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥5,153,076.41, a significant decline of 1,167.91% compared to a negative cash flow of ¥406,423.12 last year[9] - Cash flow from operating activities showed a net outflow of -¥5,153,076.41, worsening from -¥406,423.12 in the previous period[43] - The company's cash and cash equivalents net increase decreased by 620.62% to a net decrease of ¥9,533,338.58 compared to the previous year[18] - The company's cash and cash equivalents decreased from 76.31 million yuan to 68.31 million yuan, a decline of approximately 10.5%[26] - The cash and cash equivalents at the end of the period were $38,075,090.68, compared to $34,432,336.22 at the end of the previous period[48] - The company’s cash flow from operating activities indicates a need for strategic adjustments to improve financial health moving forward[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥240,906,735.05, down 2.21% from ¥246,354,478.40 at the end of the previous year[9] - Total current assets decreased from 180.94 million yuan at the beginning of the year to 174.57 million yuan at the end of the reporting period, reflecting a decline of approximately 3.8%[26] - Total liabilities decreased from 48.01 million yuan to 44.93 million yuan, a reduction of about 6.1%[30] - The company's total assets decreased from 246.35 million yuan to 240.91 million yuan, reflecting a decrease of about 2.2%[30] - The company's equity attributable to shareholders decreased from 193.43 million yuan to 191.27 million yuan, a decline of approximately 1.1%[30] Shareholder Information - The number of shareholders at the end of the reporting period was 14,949, with the top ten shareholders holding a combined 45.02% of the shares[12] Operational Efficiency - Total operating costs decreased to ¥23,012,739.99 from ¥24,124,365.29, reflecting a reduction of 4.61%[36] - Sales expenses were ¥3,981,494.97, slightly down from ¥4,092,110.38, indicating a cost control effort[36] - The company reported a significant decrease in accounts receivable by 46.23%, amounting to a reduction of ¥9,969,900.86[17] - Accounts receivable increased from 40.10 million yuan to 43.65 million yuan, representing an increase of about 12.6%[26] - Inventory rose from 39.57 million yuan to 46.59 million yuan, indicating an increase of approximately 17.7%[26] - The company incurred asset impairment losses of ¥337,872.10, an increase from ¥293,939.05 in the previous period[36] - The company reported a decrease in employee compensation payable from 5.12 million yuan to 1.65 million yuan, a significant reduction of about 67.8%[30] Government Support - The company received government subsidies amounting to ¥181,985.98 during the reporting period, contributing to an increase in other income by 45.26%[17] Market Outlook - The company anticipates that the operating conditions for the first half of 2014 will be roughly flat compared to the same period last year due to reduced market demand from downstream customers[22]