HZSY(SH:600191)2018-04-27 16:00Financial Performance - Operating revenue for the current period was CNY 998,146.66, representing a significant decline of 98.33% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -20,340,938.01, a decrease of 333.31% compared to the same period last year[6] - Basic earnings per share for the current period was CNY -0.0420, down 333.33% from CNY 0.0180 in the previous year[6] - The weighted average return on net assets was -0.92%, a decrease of 1.32 percentage points from the previous year[6] - The net profit for the current period was a loss of ¥20,352,131.18, a decline of 333.62% compared to a profit of ¥8,711,741.70 in the previous period[14] - The operating revenue dropped significantly from ¥59,912,271.71 to ¥998,146.66, a decrease of 98.33% due to reduced sugar sales[14] - Total operating revenue for Q1 2018 was CNY 998,146.66, a significant decrease of 98.34% compared to CNY 59,912,271.71 in the same period last year[23] - Net profit for Q1 2018 was a loss of CNY 20,352,131.18, compared to a profit of CNY 8,711,741.70 in Q1 2017, marking a decline of 334.80%[24] - Other comprehensive income after tax for Q1 2018 was a loss of CNY 5,671,552.50, compared to a gain of CNY 23,284,800.00 in the same period last year[24] - The total comprehensive income for the first quarter of 2018 was -25,572,773.50 RMB, compared to 32,973,282.17 RMB in the same period last year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,548,140,784.85, a decrease of 1.03% compared to the end of the previous year[6] - The total assets decreased from ¥2,574,757,210.28 to ¥2,548,140,784.85, a decline of 1.03%[19] - The total liabilities increased slightly from ¥339,439,781.84 to ¥343,696,360.09, an increase of 1.0%[18] - Total liabilities increased slightly to CNY 487,312,076.78 from CNY 485,573,612.42, an increase of 0.36%[24] - The company's cash and cash equivalents decreased from ¥45,565,071.43 to ¥43,250,515.23, a decline of 5.0%[16] - The company's retained earnings decreased from ¥323,757,145.09 to ¥298,562,482.79, a decline of 7.8%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,711[11] - The largest shareholder, Baotou Grassland Sugar Industry (Group) Co., Ltd., held 31.49% of the shares[11] - The second-largest shareholder, Baotou Shichuang Economic and Technological Development Co., Ltd., held 17.61% of the shares, with 55,460,000 shares pledged[11] Cash Flow - The company reported a net cash flow from operating activities of CNY -4,468,429.06, compared to CNY -11,168,639.66 in the same period last year[6] - Cash inflows from operating activities totaled 5,476,425.07 RMB, significantly down from 61,855,794.25 RMB in the previous year[28] - Cash outflows from operating activities were 9,944,854.13 RMB, compared to 73,024,433.91 RMB in the same period last year[29] - The net cash flow from investing activities was 4,065,331.26 RMB, compared to -19,663,934.43 RMB in the previous year[30] - The cash and cash equivalents at the end of the period were 43,250,515.23 RMB, down from 56,854,931.78 RMB year-over-year[30] - The net increase in cash and cash equivalents for the period was -2,314,556.20 RMB, compared to -32,831,974.34 RMB in the same period last year[30] Expenses and Costs - Total operating costs for Q1 2018 were CNY 12,312,293.27, down 83.40% from CNY 74,240,380.83 year-over-year[23] - The company reported a significant increase in management expenses to CNY 8,590,775.78 from CNY 10,115,968.10, a decrease of 15.09% year-over-year[23] - The company paid 1,911,458.40 RMB in dividends and interest, slightly down from 1,999,400.25 RMB in the previous year[32] Investment Income - The investment income turned negative at -¥9,033,580.34 compared to a positive income of ¥23,039,850.82 in the previous period, a change of -139.21%[14] - Investment income for Q1 2018 was a loss of CNY 9,033,580.34, compared to a gain of CNY 23,039,850.82 in the previous year[24] - The company received 4,065,331.26 RMB in investment income during the quarter, up from 336,065.57 RMB in the previous year[31] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[4]