HZSY(SH:600191)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter was ¥52,457,495.67, representing a significant increase of 752.25% year-on-year[9] - Net profit attributable to shareholders was ¥2,200,728.55, a decrease of 84.07% compared to the same period last year[9] - Basic earnings per share decreased by 84.21% to ¥0.0045 from ¥0.0285 in the previous year[9] - The company’s net profit after deducting non-recurring gains and losses was -¥3,210,915.03, a decrease of 143.30% year-on-year[9] - The net profit for Q1 2014 was ¥2,187,098.23, a decrease from ¥13,782,599.22 in the same period last year, reflecting a decline of approximately 84.1%[24] - The company reported a total comprehensive income of -¥3,545,901.77 for Q1 2014, compared to ¥13,828,241.67 in the previous year, indicating a decline of approximately 125.6%[24] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of ¥12,894,821.46 compared to a net outflow of ¥31,774,468.29 in the same period last year[9] - The company reported a cash inflow from operating activities of ¥77,058,288.18, compared to ¥5,185,775.18 in the previous year, marking an increase of about 1,384.5%[27] - Operating cash inflow for the period reached ¥75,812,516.47, a significant increase from ¥4,712,340.89 in the previous period[31] - Net cash flow from operating activities was negative at ¥10,792,494.97, improving from a loss of ¥31,542,975.86 year-over-year[31] - Cash inflow from investment activities totaled ¥30,468,000.00, compared to ¥7,605,616.32 in the prior period[31] - Cash flow from financing activities generated a net inflow of ¥47,472,886.70, a turnaround from a negative cash flow of ¥2,938,831.11 previously[31] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,312,259,831.96, an increase of 0.87% compared to the end of the previous year[9] - Current assets totaled ¥520,153,820.41, up from ¥474,878,448.21, indicating an increase of about 9.53%[16] - Non-current assets decreased to ¥1,792,106,011.55 from ¥1,817,414,240.63, a decline of approximately 1.39%[16] - Total liabilities rose to ¥643,891,529.74 from ¥620,378,484.85, representing an increase of about 3.27%[18] - Current liabilities decreased to ¥177,799,839.84 from ¥219,375,794.95, a reduction of approximately 19.00%[18] - Long-term borrowings increased to ¥360,000,000.00 from ¥293,000,000.00, reflecting a growth of about 22.83%[18] - Shareholders' equity totaled ¥1,668,368,302.22, down from ¥1,671,914,203.99, indicating a decrease of approximately 0.21%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,091[12] - The largest shareholder, Baotou Grassland Sugar Industry Group Co., Ltd., holds 31.49% of the shares, totaling 152,717,960 shares[12] - The second-largest shareholder, Baotou Shichuang Economic Technology Development Co., Ltd., holds 17.61% of the shares, totaling 85,404,925 shares, with 42,700,000 shares pledged[12] Inventory and Receivables - Accounts receivable rose to ¥9,742,172.68 from ¥3,495,016.44, reflecting an increase of approximately 178.00%[16] - Inventory decreased to ¥43,620,648.30 from ¥81,358,837.61, a decline of about 46.36%[16] Government Subsidies - The company received government subsidies amounting to ¥5,411,643.58 during the reporting period[10] Financial Expenses - The company’s financial expenses increased to ¥7,296,991.80 in Q1 2014 from ¥2,939,161.78 in the previous year, representing an increase of about 148.5%[24]