ST华铁(000976) - 2014 Q1 - 季度财报

Financial Performance - Revenue for Q1 2014 was CNY 192,153,946.57, a decrease of 14.53% compared to CNY 224,822,544.94 in the same period last year[9] - Net profit attributable to shareholders was a loss of CNY 14,851,603.17, an improvement of 42.81% from a loss of CNY 25,977,200.77 year-over-year[9] - Net cash flow from operating activities was a negative CNY 54,928,029.72, showing a 39.97% improvement from negative CNY 91,507,219.36 in the previous year[9] - Total assets at the end of the reporting period were CNY 936,149,129.50, down 1.2% from CNY 947,542,806.76 at the end of the previous year[9] Shareholder Information - The number of shareholders at the end of the reporting period was 50,343[12] - The top shareholder, Guangzhou Honghui Investment Co., Ltd., held 12.15% of shares, totaling 71,290,632 shares[12] Inventory and Market Conditions - Inventory increased by 48% to CNY 200,342,242.22 due to a sluggish market[17] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Kaiping Chenghui Investment Co., Ltd., with an investment of CNY 5 million[18] - The company also invested CNY 2.4 million in establishing Zhanjiang Haitai Trading Co., Ltd., holding a 60% stake[18] - The company invested 40 million yuan in Yunnan Disheng Rare Earth Comprehensive Recycling Co., acquiring 80% of its registered capital after the capital increase[19] Environmental and Regulatory Issues - The environmental impact assessment report for Yunnan Disheng has not been approved, preventing the company from disbursing investment funds and completing the business registration changes[19] - As of the report date, there has been no substantial progress on the capital increase project for Yunnan Disheng, and the possibility of project termination exists if the environmental assessment fails[19]