HZSY(SH:600191)2017-04-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 59,912,271.71, a significant increase of 2,332.15% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 8,718,553.62, representing a year-on-year increase of 333.28%[6] - Basic and diluted earnings per share were both CNY 0.0180, up 339.02% compared to the same period last year[6] - Operating revenue increased to ¥59,912,271.71 from ¥2,463,342.71, a growth of 2,332.15% due to increased sugar sales volume[12] - Net profit surged to ¥8,711,741.70 from ¥2,005,363.97, marking a 334.42% increase primarily driven by higher investment income[12] - The company reported a comprehensive income total of CNY 31,996,541.70 for Q1 2017, compared to a loss of CNY 102,776,236.03 in the same period last year[24] - The net profit for Q1 2017 was ¥9,688,482.17, compared to a net loss of ¥1,111,092.85 in the same period last year, indicating a significant improvement in profitability[28] - Total comprehensive income for the quarter was ¥32,973,282.17, a recovery from a loss of ¥103,670,507.15 in the previous year[28] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,607,140,156.13, an increase of 1.54% compared to the end of the previous year[6] - The total assets amounted to ¥2,607,140,156.13, up from ¥2,567,625,926.12, indicating a growth in total assets[15] - Current assets totaled ¥261,932,094.90, down from ¥272,760,005.18, reflecting a decrease in liquidity[14] - Non-current assets increased to ¥2,345,208,061.23 from ¥2,294,865,920.94, showing a positive trend in long-term investments[15] - Total liabilities for Q1 2017 were CNY 525,894,949.75, an increase from CNY 513,647,253.64 in the previous period, representing a growth of approximately 2.4%[20] - The company's total equity as of Q1 2017 was CNY 2,275,174,883.50, compared to CNY 2,247,050,921.33 in the previous period, indicating an increase of about 1.25%[20] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 11,168,639.66, compared to a net outflow of CNY 606,714.48 in the same period last year[6] - The company's cash and cash equivalents decreased by 36.61% to CNY 56,854,931.78 due to increased investment in financial products[10] - Cash inflow from operating activities was ¥61,855,794.25, a substantial increase from ¥9,560,776.21 in Q1 2016[30] - The net cash flow from operating activities was -¥11,168,639.66, worsening from -¥606,714.48 year-over-year[30] - Cash inflow from investment activities totaled ¥100,336,065.57, up from ¥62,285,232.24 in the previous year[31] - The net cash flow from investment activities was -¥19,663,934.43, an improvement from -¥112,850,796.50 in Q1 2016[31] - Cash and cash equivalents at the end of the period were ¥56,854,931.78, down from ¥76,075,336.63 at the end of Q1 2016[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,231[8] - The largest shareholder, Baotou Grassland Sugar Industry (Group) Co., Ltd., held 31.49% of the shares[8] Investment and Future Plans - Investment income increased to ¥23,039,850.82 from ¥11,291,821.04, representing a growth of 104.04% due to improved profits from Hengtai Securities[12] - Financial expenses decreased by 34.42% to ¥1,819,159.59, as no long-term loan interest was incurred during the reporting period[12] - The company is in the process of a non-public share issuance to increase its stake in Huaxia Insurance to no more than 51%, pending regulatory approval[12] - The company’s management indicated plans for market expansion and new product development in the upcoming quarters, although specific figures were not disclosed[24]