江苏国泰(002091) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥1,088,847,821.68, a decrease of 11.27% compared to ¥1,227,142,078.29 in the same period last year[8] - Net profit attributable to shareholders was ¥32,072,254.82, down 7.45% from ¥34,652,997.28 year-on-year[8] - The company's weighted average return on equity decreased to 2.45% from 2.81% year-on-year[8] - The company expects net profit attributable to shareholders for the first half of 2014 to range from CNY 80,054,600 to CNY 108,309,200, representing a change of -15% to 15% compared to the same period in 2013[23] - The net profit for the first half of 2013 was CNY 94,181,900, indicating potential challenges in maintaining profitability due to complex foreign trade conditions and rising costs[23] Cash Flow - The net cash flow from operating activities was -¥58,750,156.67, an increase of 1,889.47% compared to -¥2,953,057.07 in the previous year[8] - Net cash flow from operating activities decreased by CNY 55,797,100, a decline of 1,889.47%, mainly due to an increase in prepaid accounts and a decrease in accounts payable[16] - Net cash flow from investing activities decreased by CNY 7,694,800, a decline of 136.89%, primarily due to a reduction in cash recovered from investments and an increase in cash paid for fixed assets[16] - Net cash flow from financing activities increased by CNY 29,414,700, a growth of 96.33%, mainly due to an increase in borrowings resulting in higher cash inflows[17] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,307,748,016.46, reflecting a growth of 6.71% from ¥2,162,600,466.59 at the end of the previous year[8] - The company's net assets attributable to shareholders increased by 2.83% to ¥1,395,641,543.51 from ¥1,357,208,848.03 at the end of the previous year[8] - The number of shareholders at the end of the reporting period was 33,269[11] - The largest shareholder, Jiangsu Guotai International Group Co., Ltd., held 30.47% of the shares, totaling 109,680,000 shares[11] Liabilities and Expenses - Prepaid accounts increased by ¥143,657,000, a growth of 73.91%, mainly due to increased payments to suppliers[15] - Short-term borrowings rose by ¥66,121,700, a significant increase of 222.07%, primarily due to increased letters of credit[15] - Operating tax and additional fees increased by CNY 864,600, a growth of 73% due to the company's payment of commission business tax and additional fees[16] - Financial expenses decreased by CNY 4,312,700, a reduction of 48.69%, primarily due to stabilized exchange rate fluctuations resulting in lower foreign exchange losses compared to the same period last year[16]