*ST新纺(002087) - 2014 Q2 - 季度财报

Financial Performance - The company's operating income for the reporting period was RMB 1,621,765,186.44, an increase of 2.58% compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company was RMB 40,286,798.51, a decrease of 14.54% year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 27,798,626.76, down 40.99% from the previous year[20]. - The basic earnings per share were RMB 0.0775, down 14.55% year-on-year[20]. - The company's operating revenue for the reporting period was ¥1,621,765,186.44, representing a year-on-year increase of 2.58% compared to ¥1,581,010,339.26 in the same period last year[30]. - The net profit for the current period is CNY 21,643,382.60, down from CNY 51,387,354.43 in the previous period, representing a decrease of approximately 58.12%[113]. - The total profit for the current period is CNY 28,811,843.41, significantly lower than CNY 68,447,696.82 in the previous period, indicating a decrease of approximately 57.85%[113]. - The total comprehensive income for the current period is CNY 20,984,132.60, compared to CNY 52,095,354.43 in the previous period, a decrease of approximately 59.73%[113]. Cash Flow - The net cash flow from operating activities was RMB 31,110,275.57, a significant decrease of 72.96% compared to the same period last year[20]. - The net cash flow from operating activities decreased by 72.96% to ¥31,110,275.57, primarily due to increased cash payments for goods and services[30]. - The cash flow from operating activities for the current period is CNY 31,110,275.57, down from CNY 115,048,588.24 in the previous period, a decline of about 73.06%[116]. - The net cash flow from operating activities was CNY 28,924,171.59, a significant decrease of 69.7% from CNY 95,314,742.79 in the prior period[120]. - The cash inflow from financing activities totaled CNY 894,700,000.00, slightly up from CNY 893,544,275.62 in the previous period[117]. - The cash inflow from financing activities was CNY 145,941,262.96, up from CNY 25,396,780.36 in the previous period, reflecting improved financing conditions[121]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 5,125,042,032.63, an increase of 2.38% from the end of the previous year[20]. - The total current assets of RMB 2,795,661,330.34 at the end of the reporting period, slightly down from RMB 2,796,991,231.79 at the beginning[102]. - Current liabilities totaled CNY 1,898,113,853.26, an increase from CNY 1,804,478,262.16, representing a rise of 5.2%[107]. - The total liabilities and owner's equity at the end of the current period is CNY 1,882,077,000.00[130]. Investments and Expenditures - Research and development expenses rose significantly by 32.53% to ¥27,415,028.96, reflecting the company's commitment to increasing R&D investment[30]. - The company has invested 8,977.67 million yuan in the special yarn production line project, with a total planned investment of 31,500 million yuan, achieving 98% project progress[50]. - The cash outflow for investing activities amounted to CNY 165,776,707.94, compared to CNY 51,570,030.91 in the previous period, indicating a substantial increase in investment spending[120]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - The total number of shares remained unchanged at 519,758,400, with no significant changes in shareholder structure[87]. - Total number of common shareholders at the end of the reporting period is 42,087[89]. - The largest shareholder, Xinye County Finance Bureau, holds 33.00% of shares, amounting to 171,507,840 shares[90]. Corporate Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and protecting shareholder rights[59]. - The company reported that there were no major litigation or arbitration matters during the reporting period[62]. - The company has not experienced any media controversies during the reporting period[63]. - The company has not made any changes to its cash dividend policy during the reporting period[54]. Market and Operational Challenges - The company is expected to face challenges due to the cancellation of the national cotton storage policy and a decline in cotton prices, leading to a sluggish textile market demand[52]. - The company is actively pursuing transformation and upgrading efforts to enhance its competitiveness in response to market demands[28]. Accounting Policies - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and accuracy[142]. - The company recognizes foreign exchange differences in profit or loss unless related to capitalizable assets[151]. - The company conducts impairment testing for financial assets, recognizing impairment losses when the present value of future cash flows is less than the carrying amount[160].