露笑科技(002617) - 2014 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2014 was ¥674,938,779.66, a decrease of 7.51% compared to ¥729,706,946.62 in the same period last year[9] - Net profit attributable to shareholders was -¥5,548,529.02, representing a decline of 163.08% from ¥8,795,808.73 year-on-year[9] - Basic and diluted earnings per share were both -¥0.03, down 160% from ¥0.05 in the same period last year[9] - The expected net profit attributable to shareholders for the first half of 2014 is projected to be between RMB 5 million and RMB 15 million, a decrease of 84% to 52% compared to RMB 31.37 million in the same period of 2013 [28] - Net profit for the current period is -¥6,648,017.87, compared to a net profit of ¥8,891,546.63 in the previous period, indicating a significant decline[46] Cash Flow - The net cash flow from operating activities improved to ¥42,229,215.40, a significant recovery from -¥91,328,351.61 in the previous year[9] - The net cash flow from investing activities was ¥7,431,399.45, a significant improvement from -¥179,952,681.17 in the previous year[16] - The net cash flow from operating activities was CNY 42.23 million, a significant improvement compared to a negative cash flow of CNY -91.33 million in the previous quarter[54] - The total cash outflow from investing activities was CNY 7.83 million, down from CNY 210.76 million in the previous quarter, indicating a reduction of approximately 96.3%[57] - The net cash flow from financing activities was negative CNY -77.38 million, contrasting with a positive cash flow of CNY 228.92 million in the previous quarter[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,164,967,640.61, a decrease of 1.13% from ¥2,189,789,265.46 at the end of the previous year[9] - The company reported a total asset of RMB 2.165 billion at the end of the reporting period, a slight decrease from RMB 2.190 billion at the beginning of the period [30] - The company's total assets increased to ¥1,913,724,178.41 from ¥1,892,638,903.19, reflecting a growth of 1.7%[39] - The company's total liabilities decreased to RMB 1.256 billion from RMB 1.274 billion [33] - The company's total liabilities increased to ¥1,078,181,568.77 from ¥1,051,958,757.91, marking a rise of 2.5%[42] Operational Performance - The company’s management expenses rose by 38.17% to ¥16,163,578.59, attributed to increased salaries and R&D costs[15] - The company experienced a 199.74% increase in advance receipts, reaching ¥26,222,147.51, indicating higher pre-sales activity[15] - Total operating revenue for the current period is ¥674,938,779.66, a decrease of 7.5% from ¥729,706,946.62 in the previous period[44] - Total operating costs amount to ¥695,564,732.48, down 3.1% from ¥717,881,446.56 in the previous period[44] Investments and Joint Ventures - Investment income for the period was ¥12,138,862.49, a new revenue stream from the investment in Haibo Microfinance[15] - The company established a joint venture, Bern Lux Sapphire Co., Ltd., with a registered capital of RMB 50 million, where the company contributes RMB 20 million (40%) and Bern Optical contributes RMB 30 million (60) [18] - Bern Lux Sapphire Co., Ltd. will purchase 200 units of 80kg sapphire crystal growth furnaces for approximately RMB 230 million, which represents 8.40% of the company's estimated sales for 2013 [19] Cash Management - The company's cash and cash equivalents increased to RMB 256.62 million from RMB 237.48 million [26] - Accounts receivable increased to RMB 627.11 million from RMB 516.31 million, indicating slower collection [26] - Inventory decreased to RMB 263.86 million from RMB 347.65 million, reflecting changes in production or sales strategy [30] - Cash and cash equivalents increased to ¥193,888,926.10 from ¥159,448,992.83, an increase of 21.6%[39] - The ending cash and cash equivalents balance was CNY 181.91 million, compared to CNY 145.47 million in the previous quarter, reflecting an increase of about 24.9%[57]