鹏都农牧(002505) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥181,284,827.91, a decrease of 14.69% compared to ¥212,492,808.75 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥4,471,384.91, representing a decline of 150.88% from a profit of ¥8,788,015.27 in the previous year[7] - The net cash flow from operating activities was negative at ¥110,143,584.28, a significant drop of 883.70% compared to ¥14,054,246.34 in the same period last year[7] - Basic and diluted earnings per share were both -¥0.018, down 150.00% from ¥0.036 in the previous year[7] - The company experienced a significant decline in both net profit and cash flow, indicating potential challenges in operational efficiency and market conditions[7] - Net profit decreased by 144.41% to -$3,879,661.88, primarily due to persistently low prices for live pigs[14] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,321,340,082.14, an increase of 376.77% from ¥1,325,877,686.14 at the end of the previous year[7] - The net assets attributable to shareholders increased to ¥5,774,807,428.75, a rise of 610.10% from ¥813,240,227.66 at the end of the previous year[7] - The company’s total liabilities decreased by 46.11% in employee compensation payable, as last year's accrued bonuses were paid out this period[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,978[10] - The largest shareholder, Chen Liming, holds 28.37% of the shares, amounting to 69,997,520 shares[10] Cash Flow and Financing - Cash and cash equivalents increased significantly to $5,103,580,091.99 from $275,287,126.62, a change of 1,753.91% due to funds raised from a private placement of shares[14] - The company raised $4,989,157,816.65 from financing activities, marking a 10,011.89% increase due to funds from a private placement[15] Operational Metrics - Accounts receivable rose by 86.89% to $5,112,324.75, reflecting an increase in sales revenue[14] - Operating cash flow turned negative at -$110,143,584.28, a decline of 883.70% compared to the previous period, attributed to increased purchases and employee compensation[15] - Long-term deferred expenses increased by 115.44% to $51,964,947.55, driven by higher expenditures on pig farm renovations and repairs[14] - Inventory surged by 80.56% to $264,046,332.71, indicating increased reserves of raw materials and finished products[14] Non-Operating Income - The company received government subsidies, resulting in a 108.67% increase in non-operating income to $2,996,599.77[14] - The company reported non-recurring gains and losses totaling ¥2,754,666.02 for the period[9] - The company’s capital reserve grew by 978.06% to $4,781,417,700.76, reflecting the impact of the private placement[14] Future Projections - The net profit attributable to shareholders for the first half of 2014 is expected to be between 5,000,000 and 8,000,000 CNY, representing a year-on-year increase of 338.44% to 601.51%[19] - The net profit for the first half of 2013 was 1,140,400 CNY, indicating a low comparative base for the current year's projections[19] - The anticipated increase in profit is attributed to a slight recovery in pig prices during May and June, along with reduced financial expenses due to investment income[19]