HZSY(SH:600191)2016-04-29 16:00Financial Performance - Operating revenue fell by 82.17% to CNY 2,463,342.71 year-on-year[6] - Net profit attributable to shareholders decreased by 95.51% to CNY 2,012,203.97 compared to the same period last year[6] - Basic earnings per share dropped by 95.56% to CNY 0.0041[6] - Total operating revenue for Q1 2016 was CNY 2,463,342.71, a significant decrease of 82.12% compared to CNY 13,812,372.28 in the same period last year[32] - Net profit for Q1 2016 was CNY 2,005,363.97, a decline of 95.54% compared to CNY 44,820,847.43 in Q1 2015[33] - The company reported a total comprehensive income of CNY -102,776,236.03 for Q1 2016, compared to CNY 20,124,847.43 in the previous year[33] - Investment income for Q1 2016 was CNY 11,291,821.04, a decrease of 82.76% from CNY 65,479,461.59 in the same quarter last year[32] Assets and Liabilities - Total assets decreased by 6.55% to CNY 2,547,643,854.77 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 67.83% to CNY 86,950,336.63 due to investment in financial products and loan repayments[13] - The total current assets decreased to CNY 200,458,462.01 from CNY 390,323,209.79, indicating a decline of approximately 48.7%[23] - The total liabilities decreased to CNY 397,854,090.47 from CNY 425,256,904.81, a reduction of about 6.5%[25] - Total liabilities as of the end of Q1 2016 were CNY 542,078,534.52, a decrease from CNY 566,938,014.85 at the end of the previous year[32] Shareholder Information - The total number of shareholders reached 23,388 at the end of the reporting period[10] - The largest shareholder, Baotou Grassland Sugar Industry Group, holds 31.49% of shares, with 152,717,960 shares pledged[10] - The second-largest shareholder, Baotou Shichuang Economic Technology Development Co., Ltd., holds 17.61% of shares, with 85,404,925 shares pledged[10] Cash Flow - Cash flow from operating activities improved by 96.96%, with a net cash flow of CNY -606,714.48[6] - Cash inflow from operating activities totaled ¥9,560,776.21, a decrease of 28.5% from ¥13,336,114.02 in the previous period[40] - Cash outflow from operating activities was ¥10,167,490.69, down 69.5% from ¥33,323,256.86 in the previous period[40] - The net increase in cash and cash equivalents was -¥183,366,638.35, worsening from -¥13,305,526.91 in the previous period[41] - The ending balance of cash and cash equivalents was ¥76,075,336.63, down from ¥118,161,562.45 in the previous period[41] Investment and Expenses - The company recorded an 82.76% decline in investment income to CNY 11,291,821.04, attributed to reduced profits from Heng Tai Securities during the reporting period[13] - The company’s financial expenses decreased by 64.82% to CNY 2,773,845.54 due to reduced loans from the parent company[13] - The company reported a significant investment of ¥160,000,000.00 during the period, indicating a strategic focus on growth despite cash flow challenges[44] Other Financial Metrics - The weighted average return on net assets decreased by 2.24 percentage points to 0.09%[6] - Diluted earnings per share also fell by 95.56% to CNY 0.0041[6] - The company has committed to maintaining independent operations and financial management following the acquisition of its major shareholder's stake[16][18] - The company has established a three-year dividend return plan for shareholders from 2015 to 2017, which has been revised[15]