Financial analysis of the first quarter of 2009
First, profit analysis:
(A) increase or decrease the amount of analysis of changes in the Group profit
1, the profits increase or decrease the level of analysis of changes in
⑴ net profit analysis:
In the first quarter the company achieved net profit of 1.05 million yuan over the previous year decreased by 55 million reduction of 21%. Net profit fell reasons: First, as total profit over the previous year by 23 million, two income tax rate increase is due, to pay an income tax increase of 4 million, of which reduce the total profit is net profit decline.
⑵ total profit analysis: a total profit of 140 million, up 900,000 yuan a year earlier by 50 million, down 21%. Affect the total profit is operating profit up by 24 million subsidy income increased by 17 million.
⑶ analysis of operating profit: Operating profit 1.23 million yuan, 420,000 yuan over the previous year significantly reduced, a reduction of 25%. Primarily profits and other business profits sales have substantially year on year decrease, respectively, a decrease of 26 million yuan and 200,000 yuan.
⑷ sales profit analysis: profit of 820,000 yuan year on year sales of 1.29 million yuan, down 23%. Favorable impact on profits from product sales factor is an increase of 1.62 million yuan gross sales growth rate of 21%; disadvantage is that during the three cost 6.86 million yuan, an increase of 2.08 million yuan, an increase of 23%. Cost increases during the profits from product sales led the decline.