佳隆股份(002495) - 2014 Q1 - 季度财报

Revenue Performance - Revenue for Q1 2014 was CNY 67,248,526.41, a decrease of 10.65% compared to CNY 75,266,531.51 in the same period last year[8] - Revenue decline of CNY 8,018,000 was mainly due to increased discount sales during the reporting period[15] Profitability - Net profit attributable to shareholders was CNY 10,614,353.74, down 19.76% from CNY 13,227,692.44 year-on-year[8] - Basic earnings per share decreased by 19.49% to CNY 0.0376 from CNY 0.0467 in the previous year[8] - Net profit decreased by 2.6134 million yuan, a decline of 19.76% year-on-year, primarily due to various factors impacting performance[16] - Expected net profit for the first half of 2014 is projected to be between 18.2568 million yuan and 26.0811 million yuan, representing a year-on-year change of -30% to 0%[21] Cash Flow - Net cash flow from operating activities was negative CNY 12,206,989.39, a decline of 160.96% compared to CNY 20,025,368.64 in the same period last year[8] - Cash flow from operating activities decreased by 32.2324 million yuan, a decline of 160.96% year-on-year, mainly due to reduced receivables and increased payments[16] - Cash and cash equivalents net increase decreased by 46.0503 million yuan year-on-year, influenced by the aforementioned factors[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,121,295,004.34, an increase of 0.90% from CNY 1,111,258,569.45 at the end of the previous year[8] - Accounts receivable increased by CNY 16,867,300, a growth of 28.62%, mainly due to new product launches and increased customer deposits[14] - Prepaid expenses rose by CNY 3,439,100, an increase of 58.01%, primarily due to prepayments for company celebration activities[14] - Construction in progress increased by CNY 27,554,200, a growth of 21.89%, attributed to increased investment in fundraising projects[14] Expenses - Financial expenses increased by 58.23%, primarily due to reduced bank deposits and purchases of financial products[15] - Tax expenses increased by 1.3644 million yuan, a growth of 62.54%, due to a change in corporate income tax rate from 15% to 25%[16] - The company no longer benefits from the high-tech enterprise tax rate of 15%, which expired on December 31, 2013, leading to increased tax expenses[21] - Fixed asset depreciation expenses are anticipated to increase due to the utilization of funds raised from investment projects[21] Other Information - There were no significant events occurring during the reporting period that could impact the company's operations[17] - The increase in sales discounts is expected to lead to a rise in operating costs, despite stable revenue[21] - Investment income was 3.6814 million yuan, resulting from returns on bank financial products[16]