GUANNONG SHARE(SH:600251)2017-04-24 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 54,884,799.09, a significant increase of 1,254.05% compared to a loss of CNY 4,755,858.46 in the same period last year[8]. - Operating revenue for the period was CNY 277,079,699.79, down 22.70% from CNY 358,426,489.51 in the previous year[8]. - The weighted average return on net assets increased by 3.11 percentage points to 2.86% from -0.25% in the previous year[8]. - Basic earnings per share were CNY 0.0699, a significant improvement from a loss of CNY 0.0061 per share in the same period last year, representing an increase of 1,245.9%[8]. - The company expects to achieve a net profit of over CNY 60 million for the first half of 2017, representing an increase of more than 500% compared to the same period last year[23]. - The total profit for the period reached CNY 61,022,922.63, up from CNY 24,348,931.31 in the prior year, marking an increase of about 150%[35]. - The comprehensive income totalled CNY 61,224,339.30, compared to CNY 18,934,632.40 in the same period last year, reflecting a strong performance[36]. Cash Flow - The net cash flow from operating activities was CNY 143,828,870.06, an increase of 127.01% compared to CNY 63,358,671.16 in the same period last year[8]. - Cash inflows from operating activities totaled CNY 456,354,256.07, compared to CNY 342,827,832.33 in the same period last year, showing an increase of around 33%[37]. - The net cash flow from operating activities for Q1 2017 was ¥143,828,870.06, a significant increase from ¥63,358,671.16 in the same period last year, representing a growth of approximately 127%[38]. - Cash inflow from investment activities totaled ¥77,450,932.54, compared to only ¥4,013,734.81 in the previous year, indicating a substantial increase[38]. - The net cash flow from investment activities was ¥60,872,297.10, a turnaround from a negative cash flow of ¥48,862,527.32 in the previous year[38]. - Cash inflow from financing activities was ¥142,500,000.00, down from ¥195,488,243.36 in the same period last year, reflecting a decrease of about 27%[38]. - The net cash flow from financing activities was -¥153,159,893.88, compared to -¥142,201,433.61 in the previous year, indicating a worsening cash flow situation[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,597,014,450.65, a decrease of 3.64% compared to the end of the previous year[8]. - Total liabilities decreased to CNY 549,309,612.36 from CNY 631,829,555.96, indicating a reduction of 13.0%[30]. - The total equity attributable to shareholders increased to CNY 1,958,414,254.03 from CNY 1,897,189,914.73, reflecting a growth of 3.2%[31]. - Cash and cash equivalents decreased to CNY 59,073,167.85 from CNY 77,305,402.32, a decline of 23.5%[29]. - The company's total assets as of March 31, 2017, amounted to CNY 2,507,723,866.39, slightly down from CNY 2,529,019,470.69 at the beginning of the year[30]. Shareholder Information - The number of shareholders at the end of the reporting period was 52,497, with the largest shareholder holding 40.89% of the shares[11]. Operational Metrics - Operating costs were CNY 240.75 million, down 24.45% year-on-year, also attributed to the decrease in sales volume of cotton products[16]. - Investment income increased to CNY 65.24 million, a significant increase of 29.49 times year-on-year, driven by higher sales and inventory reduction efforts by a subsidiary[17]. - The company recorded a foreign exchange gain of CNY 201,416.67, a recovery from a loss of CNY 5,414,298.91 in the previous year, indicating improved currency management[34]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth momentum in the upcoming quarters[35].