福建金森(002679) - 2015 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2015 was ¥10,316,303, a decrease of 25.00% compared to ¥13,754,822.46 in the same period last year[8]. - The net profit attributable to shareholders was -¥19,225,553.47, representing a decline of 53.64% from -¥12,475,114.59 year-on-year[8]. - The net cash flow from operating activities was -¥86,477,856.29, a significant decrease of 367.05% compared to -¥18,515,657.11 in the previous year[8]. - The basic earnings per share were -¥0.14, down 55.56% from -¥0.09 in the same period last year[8]. - Operating profit decreased by 60% to -¥19,927,167.13 compared to the same period last year, mainly due to increased management and financial expenses[15]. - Net profit decreased by 54.31% to -¥19,302,022.73 compared to the same period last year, attributed to reduced logging and increased financial costs from bank loans[15]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,507,589,654.08, an increase of 8.53% from ¥1,389,108,794.87 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 2.75% to ¥679,893,074.62 from ¥699,118,628.09 at the end of the previous year[8]. - Accounts receivable decreased by 36.54% to ¥18,172,272.15 compared to the end of last year, mainly due to the collection of payments during the reporting period[15]. - Prepayments increased by 62.97% to ¥347,010,310.66 compared to the end of last year, primarily due to increased acquisition of forest assets[15]. - Short-term borrowings increased by 316.23% to ¥120,000,000.00 compared to the end of last year, as the company expanded business investments and faced tight funding[15]. Cash Flow - Cash inflow from operating activities increased by 146.43% to ¥72,377,788.55 compared to the same period last year, mainly due to the receipt of deposits related to seedlings and timber[16]. - Cash outflow from operating activities increased by 231.73% to ¥158,855,644.84 compared to the same period last year, primarily due to increased business investments in forest acquisitions[16]. - The cash and cash equivalents balance at the end of the period decreased by 41.75% to ¥49,073,748.24 compared to the same period last year, due to increased expenditures related to business expansion[16]. - The net cash flow from operating activities decreased by 367.05% to -¥86,477,856.29 compared to the same period last year, reflecting the company's expanded business investments[16]. Government Support and Shareholder Information - The company received government subsidies amounting to ¥1,094,440.00 during the reporting period[9]. - The total number of ordinary shareholders at the end of the reporting period was 11,440[11]. - The largest shareholder, Fujian Province Jianle County Forestry General Company, held 70.32% of the shares, totaling 97,516,040 shares[11]. Future Outlook and Commitments - The net profit attributable to shareholders for the first half of 2015 is expected to be between 0 and 4.5 million yuan, compared to 4.289 million yuan in the same period of 2014, indicating a potential change of -100.00% to 4.92%[25]. - The company plans to invest a total of 282.2571 million yuan in the construction of commodity material bases and the acquisition of forest resource assets, with 256.6871 million yuan sourced from raised funds[23]. - The company has committed to distributing at least 80% of the total profits realized by all subsidiaries each year as dividends, with cash dividends not less than 35% of the distributable profits for the year[23]. - The company aims to manage its operations more effectively in the next quarter to strive for net profit to be on par with the same period last year[25]. - The company is experiencing seasonal production characteristics, with relatively low logging in the first quarter, which may impact net profit performance[25]. Share Management Policies - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[22]. - The company will not distribute profits for new forest resources and daily operations[24]. - The company has no securities investments during the reporting period[26]. - The company does not hold shares in other listed companies during the reporting period[27].