*ST西发(000752) - 2014 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2014 was ¥187,175,527.56, a decrease of 13.96% compared to ¥217,554,371.78 in the same period last year[22]. - The net profit attributable to shareholders was ¥9,883,352.22, representing a significant decline of 92.86% from ¥138,446,150.07 in the previous year[22]. - The net cash flow from operating activities decreased by 54.68%, amounting to ¥10,615,637.30 compared to ¥23,421,912.03 in the prior year[22]. - The beer segment generated revenue of ¥187,175,527.56, a decrease of 13.96% compared to the same period last year, with a gross margin of 29.28%, down 3.30% year-on-year[35]. - The company expects a cumulative net profit of -¥727.77 million for the period, representing a decrease of 95.00% compared to the previous year's profit of ¥2,183.3 million[49]. - Basic earnings per share decreased by 95.00% to -¥0.0276, compared to ¥0.0828 in the same period last year[50]. - The company's net profit margin improved, with net profit for the current period showing a significant increase compared to the previous period[109]. - The net profit for the current period is CNY 29,245,731.19, down from CNY 159,503,753.83 in the previous period, reflecting a decline of about 81.7%[110]. - The total comprehensive income for the current period is CNY 29,245,731.19, down from CNY 159,503,753.83 in the previous period, indicating a decline of approximately 81.7%[110]. Assets and Liabilities - The company's total assets increased by 1.19% to ¥1,370,486,354.45 from ¥1,354,405,152.39 at the end of the previous year[22]. - The net assets attributable to shareholders rose by 1.29% to ¥773,146,121.10 from ¥763,262,768.88 at the end of the last year[22]. - The total amount of guarantees provided by the company accounts for 19.40% of its net assets[75]. - The total liabilities decreased to CNY 213,665,138.86 from CNY 226,829,667.99, a reduction of 5.76%[104]. - The total liabilities at the end of the reporting period were CNY 375,018,000, reflecting a stable financial position[124]. Cash Flow - The net cash flow from financing activities increased by 48.97% to ¥44,507,921.70 due to increased borrowings during the reporting period[33]. - The net increase in cash and cash equivalents decreased by 87.44% to ¥52,636,870.00, primarily due to significant cash inflows from the recovery of external investments in the same period last year[33]. - The cash outflow from operating activities totaled CNY 208,324,274.90, compared to CNY 226,798,416.42 in the previous period, indicating a decrease in cash outflow[115]. - The total cash and cash equivalents at the end of the period is CNY 797,434,536.86, an increase from CNY 695,921,980.90 in the previous period[116]. Management and Governance - The company has implemented internal control improvements and revised its internal audit management practices during the reporting period[30]. - The company did not declare any cash dividends or bonus shares for this reporting period[6]. - The company did not engage in any external investments during the reporting period[37]. - The company did not conduct any research, communication, or interview activities during the reporting period[54]. - The company’s board of directors saw changes, with two directors resigning and two new directors appointed in June 2014[97]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[91]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,345[88]. - The company plans to distribute cash dividends of ¥0.50 per share based on a total share capital of 263,758,491 shares, as approved in the 2013 annual shareholders' meeting[51]. - The company’s major shareholders include Tibet Guangda Jinlian Industrial Co., Ltd. with a 10.65% stake and Tibet Autonomous Region State-owned Assets Management Company with a 9.19% stake[89]. Accounting Policies and Practices - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring transparency and accuracy[132]. - The company has no changes in accounting policies or estimates during the reporting period[183]. - The company has confirmed that there are no significant prior period accounting errors to correct in this reporting period[185]. Business Operations and Strategy - The company operates primarily in the food, beverage, and tobacco manufacturing industry, focusing on beer production[130]. - The company plans to continue expanding its market presence and investing in new technologies[120]. - The company is exploring new market opportunities in the beverage sector, particularly in mineral water and specialty beers[193]. - The company is investing in research and development for new technologies to improve its product offerings and operational efficiency[190]. - The company aims to enhance its market presence through strategic partnerships and potential acquisitions in the technology sector[190].