贝因美(002570) - 2014 Q1 - 季度财报

Financial Performance - Revenue for Q1 2014 was CNY 1,087,602,552.18, a decrease of 35.85% compared to CNY 1,695,364,677.95 in the same period last year[9] - Net profit attributable to shareholders was CNY 68,575,147.84, down 36.34% from CNY 107,722,104.89 year-on-year[9] - Net profit excluding non-recurring items was CNY 42,539,234.35, a decline of 57.27% compared to CNY 99,558,142.26 in the previous year[9] - Operating profit decreased by 55.94% compared to the same period last year, a reduction of 75.67 million yuan, mainly due to a decrease in operating income[19] - Total profit decreased by 35.75% compared to the same period last year, a reduction of 51.35 million yuan, primarily due to a decrease in operating income[21] - Net profit decreased by 36.34% compared to the same period last year, a reduction of 39.15 million yuan, mainly due to a decrease in operating income[20] - The company expects net profit attributable to shareholders for the first half of 2014 to be between 135.19 million yuan and 328.32 million yuan, representing a decrease of 65% to 15% compared to the same period last year[27] Cash Flow and Assets - Operating cash flow was negative at CNY -219,624,723.40, a decrease of 151.47% from CNY 426,675,688.83 in the same period last year[9] - Cash flow from operating activities decreased by 151.47% compared to the same period last year, a reduction of 646.30 million yuan, primarily due to reduced sales collections and increased raw material procurement expenses[21] - Cash and cash equivalents at the end of the period decreased by 78.47% compared to the same period last year, a reduction of 2035.19 million yuan, mainly due to significant investments in time deposits and financial products[22] - Total assets at the end of the reporting period were CNY 4,990,211,197.90, down 2% from CNY 5,092,089,015.31 at the end of the previous year[9] Expenses and Liabilities - Sales expenses decreased by 33.97% to CNY 266,380,400, reflecting reduced marketing expenditures compared to the previous year[18] - Management expenses decreased by 34.72% compared to the same period last year, a reduction of 39.91 million yuan, mainly due to the reclassification of product trial expenses from management expenses to sales expenses[19] - Financial expenses decreased by 510.21% compared to the same period last year, a reduction of 8.91 million yuan, primarily due to an increase in bank deposit interest[19] Inventory and Prepayments - Prepayments increased by 36.14% to CNY 645,455,000, primarily due to higher advance payments for raw materials[17] - Inventory grew by 31.82% to CNY 275,205,600, attributed to expanded production scale and increased raw material stock[17] Government Subsidies and Investments - The increase in cash received from government subsidies was 169.63% compared to the same period last year, an increase of 49.05 million yuan[20] - Investment activity cash inflow increased by 1502733.16% compared to the same period last year, an increase of 718.32 million yuan, mainly due to the maturity of time deposits and bank financial products[21] Shareholder Information - The number of shareholders at the end of the reporting period was 51,679[12]