HLGF(SH:600346)2014-04-28 16:00Financial Performance - Operating revenue decreased by 43.17% to CNY 182,227,511.19 compared to the same period last year[10] - Net profit attributable to shareholders decreased significantly to CNY -32,127,406.36, compared to CNY 780,434.94 in the same period last year[10] - Basic earnings per share dropped to CNY -0.117, a decrease of 4,000.00% compared to CNY 0.003 in the same period last year[10] - The weighted average return on net assets decreased by 4.43 percentage points to -4.29%[10] - The net loss attributable to the parent company was ¥32,127,406.36, primarily due to decreased sales revenue and underperformance of a subsidiary[16] - The company reported a net loss of CNY 60,178,844.81 compared to a loss of CNY 28,051,438.45 in the previous period[26] - The net profit for the current period is -30,607,943.99, compared to a net profit of 721,766.30 in the previous period, indicating a significant decline[33] - The total comprehensive income for the current period is -31,042,739.28, compared to -6,117,050.06 in the previous period[33] Assets and Liabilities - Total assets increased by 5.34% to CNY 3,040,547,996.54 compared to the end of the previous year[10] - Current assets rose to CNY 1,317,658,491.49, up from CNY 1,163,720,817.01, indicating an increase of about 13.2%[25] - Total liabilities decreased to CNY 2,114,485,127.72 from CNY 2,216,696,082.99, a reduction of approximately 4.6%[26] - Shareholders' equity increased to CNY 926,062,868.82 from CNY 669,654,951.80, representing a growth of about 38.5%[26] - The company’s deferred tax assets increased by 43.45% to ¥6,247,092.31, attributed to increased deductible R&D expenses from overseas companies[16] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -14,942,550.89, a decrease of 118.28% compared to the previous year[10] - Cash received from sales decreased by 39.44% to ¥197,347,431.40, reflecting the decline in operating revenue[16] - Operating cash inflow for the period was $95,391,734.96, a decrease from $193,064,425.57 in the previous period, indicating a decline of approximately 50.5%[42] - Net cash flow from operating activities was negative at -$9,851,576.81, compared to a positive $49,356,965.23 in the prior period[42] - The ending cash and cash equivalents balance was $114,961,461.02, up from $63,484,240.72, showing an increase of approximately 81%[43] Shareholder Information - The total number of shareholders as of the report date was 17,132[12] - The largest shareholder, Dalian State-owned Assets Investment Group, holds 41.53% of the shares[12] Investment and Financing Activities - The company raised ¥287,450,656.29 through a private placement of 49,342,105 shares at a price of ¥6.08 per share[17] - Cash inflow from financing activities was $513,179,298.73, slightly up from $495,000,000.00, representing an increase of about 3.6%[43] - Cash paid for investments was $220,000,000.00, indicating significant capital expenditures during the period[43] Operational Strategy - The company plans to avoid competition with its subsidiaries by ceasing operations that generate competition or transferring such businesses to unrelated third parties[21] - The company has committed to ensuring that related transactions do not harm the interests of its shareholders[21] - The company plans to focus on expanding its market presence and enhancing product development strategies moving forward[32]