CAHIC(SH:600195)2015-04-29 16:00Financial Performance - Operating revenue rose by 75.51% to CNY 1,364,164,707.21 year-on-year, primarily due to increased trade sales[11] - Net profit attributable to shareholders increased by 3.09% to CNY 109,946,439.45 compared to the same period last year[7] - Basic and diluted earnings per share rose by 3.06% to CNY 0.2558[7] - Total operating revenue for Q1 2015 reached ¥1,364,164,707.21, a significant increase of 75.4% compared to ¥777,257,439.62 in the same period last year[27] - Net profit attributable to the parent company increased to ¥1,337,711,296.42, compared to ¥1,270,974,365.24 in the previous year, reflecting a growth of 5.2%[25] - The net profit for Q1 2015 was CNY 66,736,931.18, down 33.73% from CNY 100,915,082.87 in Q1 2014[29] - The operating profit decreased to CNY 85,429,111.08, a decline of 30.54% from CNY 123,013,307.04 year-over-year[29] - The company reported a total comprehensive income of CNY 66,736,931.18 for Q1 2015, compared to CNY 100,991,013.22 in the same quarter last year[29] Assets and Liabilities - Total assets increased by 4.57% to CNY 4,475,194,127.10 compared to the end of the previous year[7] - Total assets reached CNY 4,475,194,127.10, up from CNY 4,279,491,074.79 at the beginning of the year, marking an increase of approximately 4.6%[19] - Current liabilities totaled CNY 1,144,086,787.59, an increase from CNY 1,064,359,329.07, representing a rise of about 7.5%[19] - Total liabilities reached ¥819,438,629.57, up from ¥671,729,550.60 at the start of the year, indicating a growth of 22.0%[25] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 35,242,064.31, a significant recovery from a negative CNY 265,747,595.02 in the previous year[7] - The net cash flow from operating activities was CNY 35,242,064.31, a significant improvement from a negative CNY 265,747,595.02 in the previous year[30] - Operating cash inflow totaled $220.73 million, down 21.5% from $281.38 million in the previous period[34] - Operating cash outflow reached $251.13 million, a significant decrease of 51.1% compared to $514.13 million last period[34] - Net cash flow from operating activities improved to -$30.40 million, an improvement from -$232.75 million year-over-year[34] - The net decrease in cash and cash equivalents was $118.55 million, an improvement from $356.92 million in the previous period[35] Accounts Receivable and Inventory - Accounts receivable surged by 147.78% to CNY 600,543,525.23, indicating delayed payment settlements[11] - Accounts receivable increased significantly to CNY 600,543,525.23 from CNY 242,371,632.37, indicating a growth of approximately 147%[18] - Inventory decreased by 31.34% to CNY 531,875,993.43, reflecting successful sales by subsidiaries[11] - Inventory decreased to CNY 531,875,993.43 from CNY 774,692,281.58, reflecting a reduction of about 31.3%[18] Shareholder Information - The total number of shareholders reached 25,794, with the largest shareholder holding 53.05% of the shares[10] Corporate Governance - The company continues to fulfill commitments to avoid competition and regulate related transactions with its controlling shareholder, China Agricultural Development Group[16] - The company has committed to ensuring that no illegal occupation of funds or assets occurs between itself and its controlling shareholder[14] - The company is in the process of implementing a long-term incentive plan for its management team as part of its corporate governance strategy[13] Research and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[27]