三全食品(002216) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was CNY 1,379,675,554.48, representing a 24.22% increase compared to the same period last year[9] - Net profit attributable to shareholders decreased by 47.12% to CNY 28,808,341.01 from CNY 54,481,799.22 in the previous year[9] - Basic and diluted earnings per share fell by 50% to CNY 0.07 from CNY 0.28 in the same period last year[9] - The company reported a total of CNY 1,565,152.40 in non-recurring gains and losses during the reporting period[10] - Net profit attributable to shareholders decreased by 47.12% year-on-year, primarily due to increased brand promotion and market investment[18] - Earnings per share decreased by 50.00% year-on-year, reflecting the decrease in net profit attributable to shareholders[18] - The company expects net profit attributable to shareholders for the first half of 2014 to range from 88.31 million to 121.43 million yuan, a decrease of 20% to 10% compared to the same period in 2013[24] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -188,632,833.94, a 213.03% decline compared to the previous year[9] - Cash and cash equivalents decreased by 36.22% compared to the beginning of the period, mainly due to payments for raw materials[18] - Total assets at the end of the reporting period were CNY 3,249,657,705.67, a decrease of 12.38% from the end of the previous year[9] - The net assets attributable to shareholders increased by 1.61% to CNY 1,821,291,447.88 compared to the end of the previous year[9] - Net cash flow from operating activities decreased by 213.03% year-on-year, mainly due to increased accounts receivable and payments for raw materials[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,586[13] - The top shareholder, Chen Zemin, holds 12.69% of the shares, amounting to 51,046,000 shares[13] Operational Metrics - Accounts receivable increased by 65.51% compared to the beginning of the period, primarily due to the expansion of sales scale during the reporting period[18] - Inventory decreased by 38.31% compared to the beginning of the period, mainly due to the early arrival of the Spring Festival sales peak[18] - Operating expenses increased by 34.92% year-on-year, primarily due to increased brand promotion and market investment[18] - Financial expenses increased by 128.5% year-on-year, mainly due to increased bank interest payments during the reporting period[18] Future Outlook - The company plans to further expand sales channels and market reach, which may lead to increased sales revenue[24]