Joyoung(SZ:002242)2014-04-23 16:00Financial Performance - Revenue for Q1 2014 was CNY 1,162,870,526.89, a decrease of 0.23% compared to CNY 1,165,556,678.89 in the same period last year[7] - Net profit attributable to shareholders was CNY 102,571,289.91, down 9.66% from CNY 113,541,062.16 year-on-year[7] - Net cash flow from operating activities decreased by 64.20% to CNY 44,173,476.14, compared to CNY 123,397,117.39 in the previous year[7] - Basic earnings per share decreased by 13.33% to CNY 0.13 from CNY 0.15 in the same period last year[7] - Net profit attributable to shareholders for the first half of 2014 is expected to be between ¥202.96 million and ¥304.43 million, reflecting a change of -20% to 20% compared to ¥253.69 million in the same period of 2013[17] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 4,372,686,374.76, a decrease of 3.54% from CNY 4,532,934,537.13 at the end of the previous year[7] - Net assets attributable to shareholders decreased by 9.44% to CNY 2,666,213,268.82 from CNY 2,944,043,042.02 at the end of the previous year[7] - The total number of shareholders at the end of the reporting period was 43,369[10] - The top shareholder, Shanghai Lihong New Technology Investment Co., Ltd., held 48.63% of shares, amounting to 370,046,180 shares[10] Government Support and Prepayments - Government subsidies recognized in the current period amounted to CNY 4,295,785.03[9] - The company reported a significant increase of 74.32% in prepayments, totaling CNY 34,333,500, primarily due to increased advance payments for goods[15] Market and Innovation - The company has seen a stabilization in sales of food processing machines since 2013, with significant growth in the sales of nourishing pots and Western-style electrical appliances[17] - The company's innovation capabilities support its brand transformation from "soy milk machine" to "full-category small kitchen appliances"[17]