XTAD(SH:600359)2015-04-29 16:00Financial Performance - Operating revenue for the period was CNY 161,404,194.24, a decrease of 2.00% year-on-year[6] - Net profit attributable to shareholders increased by 128.56% to CNY 7,936,242.40 compared to the same period last year[6] - Basic and diluted earnings per share both doubled to CNY 0.02 from CNY 0.01[6] - Operating profit improved significantly, reaching ¥105,638.36 compared to a loss of ¥3,868,586.92 in the previous period, attributed to lower main business costs[13] - Net profit attributable to the parent company for Q1 2015 was ¥7,936,242.40, an increase from ¥3,472,255.87 in the previous period[30] - The company reported a comprehensive income total of -¥367,321.65 for Q1 2015, improving from -¥2,793,247.58 in the previous period[31] Cash Flow - Net cash flow from operating activities improved significantly to CNY 33,290,302.23, compared to a negative CNY 121,558,639.96 in the previous year[6] - Cash inflows from operating activities totaled 224,473,209.70 CNY, compared to 144,631,857.30 CNY in the previous year, representing an increase of about 55.3%[38] - The net cash flow from operating activities was 33,290,302.23 CNY, a significant recovery from -121,558,639.96 CNY in Q1 2014[38] - The net cash flow from financing activities was -41,712,264.04 CNY, an improvement from -103,518,420.25 CNY in Q1 2014, showing a reduction in financing losses by approximately 59.8%[39] Assets and Liabilities - Total assets decreased by 3.95% to CNY 2,351,247,360.04 compared to the end of the previous year[6] - The total liabilities of the company were CNY 1,497,343,680.41, down from CNY 1,593,787,493.71, reflecting a reduction of approximately 6.0%[23] - The company's cash and cash equivalents decreased to CNY 631,544,998.63 from CNY 700,943,907.90, a decline of about 9.9%[21] - The company reported a total current assets of CNY 1,397,730,974.71 as of March 31, 2015, down from CNY 1,503,711,185.89 at the beginning of the year, representing a decrease of approximately 7.0%[21] Shareholder Information - The total number of shareholders reached 46,056 at the end of the reporting period[10] - The largest shareholder, Aral Tongzhong State-owned Assets Management Co., Ltd., holds 41.90% of the shares[10] - The company has not declared any profit distribution for the fiscal year 2014 due to a lack of distributable profits[18] - The company plans to maintain a cash dividend ratio of no less than 10% of the distributable profits for the year, subject to meeting certain conditions[20] Receivables and Inventory - Accounts receivable increased by 42.64% to CNY 79,373,814.52, primarily due to increased receivables from Tar River Seed Industry and Dairy Company[12] - Prepayments rose by 33.42% to CNY 50,252,186.34, mainly due to increased advance payments for projects and raw materials[12] - The company’s inventory increased to CNY 523,208,953.34 from CNY 501,136,758.11, marking an increase of approximately 4.4%[21] Investment and Financing Activities - Investment income increased by 376.35% to ¥140,267.22, primarily due to increased investment returns from Tarim Seed Industry[13] - The company reported a 11509.82% increase in cash flow from investing activities, amounting to -¥59,476,947.46, due to investments in various companies[13] - The company received 120,000,000.00 CNY in borrowings during the quarter, compared to 137,000,000.00 CNY in the previous year[39] - The company paid 120,452,627.14 CNY to repay debts, a decrease from 217,429,212.47 CNY in Q1 2014, reflecting a 44.6% reduction in debt repayment[39]