成飞集成(002190) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥95,466,207.14, a decrease of 22.44% compared to ¥123,090,362.64 in the same period last year[10] - The net profit attributable to shareholders was a loss of ¥7,239,968.13, representing a decline of 164.12% from a profit of ¥11,291,170.90 in the previous year[10] - The net cash flow from operating activities was negative at ¥37,484,820.24, a significant decrease of 395.29% compared to -¥7,568,193.38 in the same period last year[10] - The basic and diluted earnings per share were both -¥0.021, down 163.64% from ¥0.033 in the previous year[10] - Operating revenue decreased by 27.62 million yuan, a decline of 22.44%, with the parent company's revenue down by 35.63 million yuan, a drop of 64.06%[20] - Net profit attributable to the parent company decreased by 18.53 million yuan, a decline of 164.12%, primarily due to a significant drop in mold revenue and increased asset impairment losses[20] - Cash received from operating activities decreased by 14.83 million yuan, a decline of 57.91%, mainly due to reduced government subsidies received by subsidiaries[21] - The company expects a net loss of approximately 10.21 million yuan to 0 for the first half of 2014, compared to a net profit of 20.42 million yuan in the same period of 2013[25] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥3,045,808,841.82, a decrease of 1.54% from ¥3,093,522,525.24 at the end of the previous year[10] - The net assets attributable to shareholders were ¥1,595,555,308.40, down 0.42% from ¥1,602,282,033.45 at the end of the previous year[10] - The total number of shareholders at the end of the reporting period was 40,280[15] - The largest shareholder, Chengdu Aircraft Industrial (Group) Co., Ltd., holds 51.33% of the shares, totaling 177,178,702 shares[15] Expenses and Impairments - Management expenses increased by 5.89 million yuan, a growth of 32.18%, mainly due to rising R&D costs, employee compensation, and depreciation[20] - Asset impairment losses increased by 5.80 million yuan, a growth of 100.68%, due to the absence of significant recoveries from previous receivables[20] - Tax expenses decreased by 3.38 million yuan, a decline of 86.89%, due to a reduction in taxable income resulting from lower total profits[20] Corporate Actions and Outlook - The company did not engage in any repurchase transactions during the reporting period[17] - The company is currently undergoing a major asset restructuring project, which is complex and has led to multiple applications for stock resumption delays[22] - Management indicated that the decline in mold revenue does not necessarily reflect a downward trend for the entire year, as revenue generation can be uneven across quarters[20] - The company reported non-recurring gains and losses totaling ¥3,579,216.09 for the period[11] - Prepaid accounts increased by 27.14 million yuan, a growth of 82.57%, mainly due to increased payments to suppliers[20]