贝因美(002570) - 2015 Q1 - 季度财报

Financial Performance - Revenue for Q1 2015 was CNY 895,742,125.91, a decrease of 17.64% compared to CNY 1,087,602,552.18 in the same period last year[8] - Net profit attributable to shareholders was CNY 48,573,726.04, down 29.17% from CNY 68,575,147.84 year-on-year[8] - Net profit excluding non-recurring items increased by 12.34% to CNY 47,790,257.03 from CNY 42,539,234.35 in the previous year[8] - Total profit decreased by 46.12% compared to the same period last year, with an absolute decrease of 42.558 million yuan, mainly due to reduced revenue[18] - Net profit decreased by 45.63% year-on-year, with an absolute decrease of 31.2896 million yuan, primarily due to a decline in revenue[18] - The company expects net profit for the first half of 2015 to decrease by 50.00% to 0.00%, with an estimated range of 53.9006 million to 107.8012 million yuan[25] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -259,528,911.37, worsening by 18.17% compared to CNY -219,624,723.40 last year[8] - Cash received from sales decreased by 31.39% compared to the same period last year, resulting in a decrease of 419.7264 million yuan[19] - Cash paid for purchasing goods and services decreased by 33.8% year-on-year, with an absolute decrease of 324.5636 million yuan, mainly due to reduced sales[19] - Cash and cash equivalents at the end of the period decreased by 59.35% compared to the same period last year, with an absolute decrease of 33.13209 million yuan[19] - Total assets at the end of the reporting period were CNY 4,753,254,536.24, an increase of 0.58% from CNY 4,725,867,749.82 at the end of the previous year[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,251[12] - The top shareholder, Beiyinmei Group Co., Ltd., held 32.16% of shares, totaling 328,823,342 shares[12] - Fonterra Co-operative Group Limited completed a partial tender offer to acquire shares, holding 192,427,112 shares, accounting for 18.82% of the total share capital[20] Operational Changes - The company reported a significant increase in accounts receivable notes by 5000%, with an absolute increase of CNY 10 million[16] - Prepayments increased by 152.81%, with an absolute increase of CNY 101,474,400, mainly due to increased prepayments from distributors[16] - Operating revenue decreased by 58.84% compared to the same period last year, resulting in a reduction of 6.9659 million yuan in business tax and additional fees[17] - Financial expenses increased by 59.94% year-on-year, with an absolute increase of 6.3895 million yuan, primarily due to a decrease in bank deposits and corresponding interest income[17] Equity and Employee Initiatives - The weighted average return on equity decreased to 1.35% from 1.74% year-on-year[8] - The company is planning to introduce an employee stock ownership plan to promote sustainable and healthy development[21]