仙琚制药(002332) - 2014 Q1 - 季度财报

Financial Performance - Revenue for the first quarter reached ¥559,063,295.52, an increase of 11.54% compared to ¥501,200,366.92 in the same period last year[8] - Net profit attributable to shareholders decreased by 54.96% to ¥8,058,198.09 from ¥17,891,108.22 year-on-year[8] - Basic and diluted earnings per share dropped by 60% to ¥0.02 from ¥0.05 in the same quarter last year[8] - The expected net profit for the first half of 2014 is projected to be between 20.61 million CNY and 30.92 million CNY, representing a decrease of 40% to 60% compared to the same period in 2013[25] - The net profit for the first half of 2013 was 51.53 million CNY, indicating a significant decline in profitability[25] Cash Flow - The net cash flow from operating activities was negative at -¥75,124,403.75, a decline of 6.05% compared to -¥70,840,400.62 in the previous year[8] - Net cash flow from financing activities decreased by 80.25% year-on-year, down by 211.16 million CNY, primarily due to increased cash payments for debt repayment[19] - The impact of exchange rate changes on cash and cash equivalents increased by 88.79% year-on-year, up by 191,100 CNY, mainly due to exchange rate fluctuations[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,731,252,719.58, a decrease of 0.82% from ¥2,753,781,655.82 at the end of the previous year[8] - Accounts receivable increased by 64.11%, rising by ¥199,097,500 to reflect higher sales and industry-specific collection cycles[17] - Short-term borrowings increased by 46.08%, amounting to an additional ¥300,790,500 due to increased borrowing activities[17] Shareholder Information - The number of shareholders at the end of the reporting period was 20,435[11] - The largest shareholder, Xianju County State-owned Assets Investment Group, holds 21.55% of the shares, totaling 73,588,300 shares[12] Expenses and Costs - Management expenses increased by 38.38% year-on-year, rising by 17.23 million CNY, mainly due to increased management costs[19] - Net profit attributable to shareholders decreased by 54.96% year-on-year, down by 9.83 million CNY, primarily due to increased fixed asset depreciation and comprehensive management costs[19] - Income tax expenses decreased by 36.07% year-on-year, down by 2.17 million CNY, mainly due to a decline in total profit[19] Performance Decline Reasons - The main reasons for the performance decline include increased fixed asset depreciation and rising comprehensive management costs[25]