HOMEY(SH:600467)2017-04-28 16:00Financial Performance - Operating income increased by 27.88% year-on-year, reaching ¥221,516,664.91[6] - Net profit attributable to shareholders increased by 24.41% to ¥10,029,386.13[6] - Total operating revenue for Q1 2017 was CNY 221,516,664.91, an increase of 27.8% compared to CNY 173,219,517.70 in the same period last year[23] - Net profit for Q1 2017 reached CNY 9,877,467.59, a 29.4% increase from CNY 7,647,202.29 in Q1 2016[24] - The company's gross profit margin for Q1 2017 was approximately 30.0%, compared to 15.0% in Q1 2016[23] - Earnings per share for Q1 2017 were CNY 0.007, up from CNY 0.006 in the previous year[25] Cash Flow - The net cash flow from operating activities decreased by 51.34% to ¥26,427,856.22[6] - Cash flow from operating activities was CNY 213,332,910.12, a decrease of 19.5% from CNY 265,072,703.60 in Q1 2016[30] - Operating cash inflow for Q1 2017 was CNY 228.12 million, down from CNY 277.82 million in the previous year, representing a decrease of approximately 18%[31] - Net cash flow from operating activities was CNY 26.43 million, a decline of 51% compared to CNY 54.31 million in Q1 2016[31] - Total cash and cash equivalents at the end of Q1 2017 were CNY 67.30 million, significantly down from CNY 392.76 million at the end of Q1 2016, a decrease of approximately 83%[32] - The company reported a total cash inflow from operating activities of CNY 197.83 million, down from CNY 208.53 million in Q1 2016, a decrease of about 5%[32] Assets and Liabilities - Total assets decreased by 2.06% compared to the end of the previous year, amounting to ¥5,208,579,426.30[6] - Total current assets decreased from CNY 1,540,585,917.13 to CNY 1,434,675,957.94, a decline of approximately 6.9%[16] - Total non-current assets slightly decreased from CNY 3,777,633,748.93 to CNY 3,773,903,468.36, a decrease of about 0.1%[17] - Total liabilities decreased from CNY 2,342,855,909.61 to CNY 2,223,338,202.26, a reduction of approximately 5.1%[18] - Total equity increased from CNY 2,975,363,756.45 to CNY 2,985,241,224.04, an increase of about 0.3%[18] Investments and Expenses - Prepayments increased by 269.43%, primarily for shipbuilding and new fishmeal processing equipment[11] - Construction in progress increased by 52.06%, with an investment of ¥14,250,000 in sea cucumber farming infrastructure[11] - Marketing expenses surged by 105.21%, totaling an increase of ¥17,803,300[12] - Financial expenses rose by 91.13% due to increased bank loans and discount interest on bank acceptance bills[12] - Cash outflow from investing activities totaled CNY 76.52 million, compared to CNY 50.18 million in the previous year, indicating a 52% increase in investment spending[31] - The company reported an investment income of CNY 10,719,531.90, down from CNY 16,011,455.84 in the same period last year[24] Receivables and Inventory - Accounts receivable increased by 42.25% due to increased credit sales of frozen prepared foods to Japan[11] - Other receivables increased from CNY 24,047,052.97 to CNY 33,203,181.30, an increase of about 38.2%[16] - Inventory remained relatively stable, decreasing slightly from CNY 767,420,930.44 to CNY 765,707,266.31, a decrease of about 0.2%[16] Future Plans - The company plans to continue expanding its market presence and investing in new product development[24]