天邦食品(002124) - 2015 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2015 was ¥404,096,378.85, a decrease of 22.13% compared to ¥518,969,067.08 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥25,370,724.79, compared to a profit of ¥4,097,070.47 in the previous year, marking a decline of 7.94%[8] - The basic earnings per share for the period was -¥0.122, compared to ¥0.02 in the same period last year, indicating a decline of 10.91%[8] - Total profit decreased by 31.3% compared to the same period last year, mainly due to increased revenue from government land acquisition payments received by a subsidiary in the previous year[15] - The company expects a net profit loss of between -30 million to -10 million yuan for the first half of 2015, compared to a net profit of -29.57 million yuan in the same period of 2014[20] Cash Flow - The net cash flow from operating activities improved significantly to ¥1,023,302.21, a 101.64% increase from a negative cash flow of ¥62,420,559.09 in the previous year[8] - Net cash flow from operating activities increased by 102% compared to the same period last year, mainly due to a decrease in cash payments for goods and services[15] - Net cash flow from investing activities decreased by 649% compared to the same period last year, primarily due to increased cash recovery from land acquisition by a subsidiary in the previous year[15] - Net cash flow from financing activities decreased by 5765% compared to the same period last year, mainly due to increased cash payments for loan repayments[15] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥1,781,435,850.16, reflecting a decrease of 5.47% from ¥1,884,564,818.22 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 4.57% to ¥529,062,876.23 from ¥554,425,780.45 at the end of the previous year[8] - The total number of common shareholders at the end of the reporting period was 10,420[12] - Zhang Banghui, the largest shareholder, held 23.76% of the shares, amounting to 49,500,000 shares[12] Operational Changes - Cash and cash equivalents decreased by 58.6% compared to the beginning of the period, mainly due to increased payments for raw materials and loan repayments[15] - Accounts receivable notes decreased by 87.9% compared to the beginning of the period, primarily due to the endorsement transfer of some notes and the collection of matured notes[15] - Prepaid accounts increased by 50.6% compared to the beginning of the period, mainly due to increased prepayments for bulk raw material purchases[15] - Construction in progress increased by 66.6% compared to the beginning of the period, primarily due to further investment in ongoing projects[15] Non-Recurring Gains - The company reported non-recurring gains of ¥17,713,192.45, primarily from the disposal of subsidiary equity[9] Share Repurchase - The company did not engage in any repurchase transactions during the reporting period[13] Business Outlook - The increase in sales prices and decrease in production costs in the pig farming business contributed to the expected loss reduction[20]