HCSC(SH:600378)2017-04-20 16:00Financial Performance - Operating revenue for the period was CNY 80,720,900.72, representing an increase of 14.23% year-on-year[6] - Net profit attributable to shareholders was CNY 3,947,601.54, a significant increase of 298.41% compared to the same period last year[6] - Basic earnings per share rose to CNY 0.013, reflecting a 333.33% increase from CNY 0.003 in the previous year[6] - Operating profit reached CNY 4,860,785.77, significantly up from CNY 428,895.34 in the same period last year[22] - Net profit for the period was CNY 3,947,601.54, compared to CNY 810,088.19 in Q1 2016, marking an increase of 387.5%[22] - The total comprehensive income for the period was CNY 3,947,601.54, compared to CNY 810,088.19 in the previous year, showing a substantial increase[23] Cash Flow - The net cash flow from operating activities improved to -CNY 19,006,941.72, a 53.46% increase compared to -CNY 40,838,477.47 in the previous year[6] - Cash inflow from operating activities totaled CNY 106,647,062.96, compared to CNY 68,883,733.27 in the prior period, reflecting a growth of 54.9%[28] - Cash outflow from operating activities was CNY 125,654,004.68, leading to a net cash flow from operating activities of -CNY 19,006,941.72, an improvement from -CNY 40,838,477.47 in the previous year[29] - The cash flow from operating activities for Q1 2017 was negative at -19,006,941.72 RMB, an improvement from -40,720,293.59 RMB in the same period last year, indicating a 53.3% reduction in cash outflow[31] - The company reported a net increase in cash and cash equivalents of -19,067,309.83 RMB, compared to -42,118,379.83 RMB in the same period last year, showing a 54.8% improvement[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 979,471,753.43, a decrease of 0.96% compared to the end of the previous year[6] - Total current assets decreased from ¥696,028,955.06 to ¥690,827,200.12, a decline of approximately 0.3%[13] - Total non-current assets decreased from ¥292,892,723.97 to ¥288,644,553.31, a decline of approximately 1.0%[14] - Total current liabilities decreased from ¥242,316,721.91 to ¥228,541,336.78, a decline of approximately 5.7%[19] - Total liabilities decreased from ¥243,041,170.12 to ¥229,163,546.21, a decrease of about 5.7%[19] - Total equity increased from ¥745,880,508.91 to ¥750,308,207.22, an increase of approximately 0.6%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,530[9] - The top shareholder, China Haohua Chemical Group Co., Ltd., held 23.82% of the shares[9] Operational Expenses - Sales expenses increased to CNY 4,347,959.21 from CNY 3,104,384.46, indicating a rise of 40.1%[22] - Management expenses rose to CNY 10,055,487.66, compared to CNY 9,795,255.16 in the previous period, reflecting a 2.7% increase[22] - The company paid 9,304,213.83 RMB in taxes, which is an increase from 6,222,083.97 RMB, indicating a 49.1% rise in tax payments[31] Asset Management - The company reported a decrease in asset impairment losses to -CNY 944,901.36 from CNY 731,858.43, indicating improved asset management[22] - Significant increase in prepayments by 184.52% due to increased project payments[10] Cash and Cash Equivalents - Cash and cash equivalents decreased from ¥349,443,572.47 to ¥329,508,915.73, a decrease of about 5.7%[13] - The ending balance of cash and cash equivalents was 323,906,055.74 RMB, down from 342,973,365.57 RMB at the beginning of the period[33] - The impact of exchange rate changes on cash and cash equivalents was a decrease of -119.19 RMB, compared to -372.03 RMB in the previous year[33]