东方钽业(000962) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥647,637,933.29, a slight increase of 0.53% compared to ¥644,235,738.89 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥25,909,085.85, representing a significant decline of 264.83% from a profit of ¥15,718,797.55 in the previous year[8]. - The weighted average return on equity was -1.07%, down from 0.64% in the same period last year, indicating a decline in profitability[8]. - The company expects a cumulative net profit loss of between -¥10,000,000 and -¥3,500,000 for the first half of 2014, a decline of 736.59% to 322.66% compared to the previous year[24]. - Basic earnings per share are projected to be between -¥0.2268 and -¥0.0794, indicating a decrease of 735.29% to 322.41% year-on-year[24]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥43,317,462.82, a 209.62% increase from a negative cash flow of ¥39,514,483.58 in the same period last year[8]. - Cash and cash equivalents decreased by 44.54% to ¥258,333,396.98, primarily due to loan repayments during the reporting period[17]. - Total assets decreased by 4.51% to ¥4,528,434,475.05 from ¥4,742,413,776.72 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 1.01% to ¥2,409,409,174.81 from ¥2,433,898,638.16 at the end of the previous year[8]. - The company reported a 98.61% decrease in cash received from financing activities, down to ¥3,666,250.39 from ¥263,749,973.39[20]. - Cash received from the disposal of fixed assets was ¥9,686,557.00, marking a 100% increase as it was previously zero[20]. Expenses and Losses - Operating tax and additional fees increased by 243.36% to ¥1,326,375.39 due to higher value-added tax payments[18]. - Sales expenses rose by 53.19% to ¥8,178,182.30, primarily due to increased shipping costs from higher sales volume[18]. - Asset impairment losses amounted to ¥945,807.70, a significant change from a gain of ¥5,353,127.83 in the previous year, reflecting increased bad debt provisions[18]. - Investment income decreased by 106.70% to -¥144,241.13, attributed to changes in the profitability of invested entities[18]. - Cash paid for various taxes decreased by 55.03% to ¥5,580,041.07, reflecting lower profitability[20]. Shareholder Information - The number of shareholders at the end of the reporting period was 67,971, with the largest shareholder holding 45.8% of the shares[12]. - The company recorded non-operating income of ¥355,315.07, which includes government subsidies and other income[9]. Future Plans - The company plans to terminate commitments related to land ownership changes by April 20, 2014, as approved in a recent shareholder meeting[22].