大北农(002385) - 2014 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2014 reached ¥4,019,170,346.08, an increase of 37.80% compared to ¥2,916,580,265.15 in the same period last year[8] - Net profit attributable to shareholders decreased by 19.05% to ¥159,809,955.75 from ¥197,408,270.98 year-on-year[8] - Basic and diluted earnings per share both decreased by 16.67% to ¥0.10 from ¥0.12[8] - Operating revenue for Q1 2014 increased by 110,259.01 million yuan, a growth of 37.80%, driven by capacity release and increased customer collaboration[19] - Net profit attributable to shareholders decreased by 3,759.83 million yuan, a decline of 19.05%, mainly due to increased personnel costs and higher financial expenses[22] - The company expects net profit for the first half of 2014 to range between 27,220.07 million yuan and 36,827.15 million yuan, reflecting a change of -15% to 15% compared to the same period in 2013[28] Cash Flow and Expenses - Net cash flow from operating activities was negative at -¥620,839,120.45, a decline of 174.97% compared to -¥225,788,361.97 in the previous year[8] - Cash paid for purchasing goods and services increased by 69,432.47 million yuan, a growth of 30.31%, reflecting higher procurement due to increased sales[23] - Cash paid to employees rose by 23,633.57 million yuan, an increase of 63.61%, attributed to year-end bonuses and personnel growth[23] - Financial expenses surged by 1,293.96 million yuan, a dramatic increase of 375.70%, due to increased bank borrowings[20] - Other operating cash payments increased by 11,605.18 million yuan, a growth of 62.79%, driven by higher travel and conference expenses[23] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥8,103,125,042.29, a decrease of 1.26% from ¥8,206,462,755.08 at the end of the previous year[8] - Net assets attributable to shareholders increased by 3.41% to ¥5,204,717,235.65 from ¥5,033,098,726.47[8] - The total number of shareholders at the end of the reporting period was 34,183[12] - The largest shareholder, Shao Genhuo, holds 43.97% of the shares, amounting to 720,571,358 shares[12] Accounts Receivable and Investment - Accounts receivable increased by 149.39% to ¥87,000,000, primarily due to increased sales and extended credit limits for quality customers[16] - Cash and cash equivalents decreased by 50.48% to ¥76,000,000, mainly due to increased payments for investments and operational expenses[16] - Investment cash outflows increased by 725.73 million yuan, a growth of 155.98%, mainly due to prepayments for equity acquisitions[24] - Investment income decreased by 110.95 million yuan, a decline of 513.68%, due to reduced returns from associated companies[21] Operating Costs - Operating costs for Q1 2014 rose by 86,298.87 million yuan, an increase of 38.12%, primarily due to higher sales volume[20]