HZSY(SH:600191)2015-04-27 16:00Financial Performance - Operating revenue for the period was ¥13,812,372.28, representing a significant decrease of 73.67% year-on-year[12] - Net profit attributable to shareholders was ¥44,820,847.43, a remarkable increase of 1,949.33% compared to the same period last year[12] - Basic and diluted earnings per share were both ¥0.0924, reflecting a substantial increase of 1,953.33% year-on-year[7] - Total operating revenue for Q1 2015 was CNY 13,812,372.28, a decrease of 73.7% compared to CNY 52,457,495.67 in the same period last year[22] - Net profit for Q1 2015 reached CNY 44,820,847.43, a significant increase from CNY 2,187,098.23 in Q1 2014[23] - Earnings per share (EPS) for Q1 2015 was CNY 0.0924, up from CNY 0.0045 in Q1 2014, reflecting a substantial improvement in profitability[23] - The company reported a total comprehensive income of CNY 20,124,847.43 for Q1 2015, compared to a loss of CNY 3,545,901.77 in the previous year[23] Investment and Income - Investment income surged to ¥65,479,461.59, a 198.24% increase compared to the previous year, mainly due to significant profit growth from Heng Tai Securities[12] - The company received a total investment income of CNY 11,783,333.33 from a trust fund of CNY 300 million, with CNY 1,633,333.33 earned from April 1 to April 21, 2015[14] - The company invested CNY 160 million in a trust plan with New Era Trust, generating an investment income of CNY 3,156,164.38[14] - Investment income for Q1 2015 was CNY 65,479,461.59, significantly higher than CNY 21,955,504.03 in the same quarter last year[22] - The company received CNY 14,939,497.71 in investment income, significantly up from CNY 5,078,000.00 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,656,083,946.09, a 0.26% increase compared to the end of the previous year[7] - The company's total liabilities were CNY 712,181,700.85, down from CNY 725,448,631.21[17] - The company's current assets totaled CNY 739,501,416.52, down from CNY 747,260,863.57 at the beginning of the year[16] - The company's cash and cash equivalents decreased to CNY 118,161,562.45 from CNY 131,467,089.36[16] - Accounts receivable increased to CNY 15,278,849.80 from CNY 14,242,931.51[16] - Inventory rose to CNY 34,491,697.52 from CNY 29,286,008.44[16] - The company's total liabilities decreased to CNY 849,482,612.54 from CNY 863,121,369.83 year-over-year[22] - Total equity increased to CNY 1,986,811,295.29 in Q1 2015, compared to CNY 1,964,949,530.44 in the previous year[22] Cash Flow - Cash inflow from operating activities for Q1 2015 was CNY 13,336,114.02, down 82.7% from CNY 77,058,288.18 in the previous period[27] - Cash outflow from operating activities totaled CNY 33,323,256.86, a decrease of 63.0% compared to CNY 89,953,109.64 in the prior period[27] - Net cash flow from operating activities was negative CNY 19,987,142.84, worsening from negative CNY 12,894,821.46 year-over-year[27] - Cash inflow from investment activities was CNY 14,939,497.71, down 51.0% from CNY 30,468,000.00 in the previous period[28] - Net cash flow from investment activities was CNY 14,903,247.71, a decrease of 51.1% compared to CNY 30,468,000.00 in the prior period[30] - Cash inflow from financing activities was CNY 67,000,000.00, with cash outflow totaling CNY 7,997,631.78, resulting in a net cash flow of negative CNY 7,997,631.78[30] - The ending cash and cash equivalents balance was CNY 114,438,957.40, down 62.5% from CNY 305,059,321.31 in the previous period[30] - Total cash and cash equivalents decreased by CNY 12,953,594.76 during the quarter, compared to an increase of CNY 67,148,391.73 in the prior period[30] Cost Management - The company experienced a 75.12% decrease in operating costs, amounting to ¥13,745,669.44, attributed to reduced sugar sales[12] - Total operating costs for Q1 2015 were CNY 34,485,861.62, down 55.6% from CNY 77,637,545.05 year-over-year[22] - The company reported a decrease in management expenses to CNY 12,205,117.97 from CNY 14,190,037.87 year-over-year, indicating improved cost management[22] - The company paid CNY 4,041,361.47 in employee compensation, down 75.0% from CNY 16,237,153.63 in the prior period[27] Future Plans - The company is planning a non-public offering of shares to raise funds primarily for investment in an insurance company, with stock trading suspended since March 11, 2015[12] - The company is actively advancing due diligence, auditing, and feasibility studies related to the planned investment in the insurance company[13]