Hunan (SH:600476)2017-04-21 16:00Financial Performance - Operating revenue increased by 16.52% to CNY 44,796,972.13 year-on-year[7] - Net profit attributable to shareholders was CNY 654,553.49, a significant recovery from a loss of CNY 5,253,455.73 in the same period last year[7] - Basic and diluted earnings per share improved to CNY 0.004 from a loss of CNY -0.033[7] - Operating profit reached CNY 405,430.36, a significant recovery from a loss of CNY 5,845,943.89 in the previous year[25] - Net profit for the period was CNY 654,430.32, compared to a net loss of CNY 5,253,654.93 in the same quarter last year[25] - Net profit for Q1 2017 reached CNY 669,270.37, a significant turnaround from a net loss of CNY 5,229,654.93 in Q1 2016[29] - Basic and diluted earnings per share for Q1 2017 were CNY 0.004, compared to a loss of CNY 0.033 per share in the previous year[29] - The company reported a total comprehensive income of CNY 669,270.37 for Q1 2017, contrasting with a comprehensive loss of CNY 5,229,654.93 in the same quarter of the previous year[29] Assets and Liabilities - Total assets decreased by 2.33% to CNY 345,385,999.10 compared to the end of the previous year[7] - Total current assets decreased to CNY 266,468,759.74 from CNY 274,045,579.44 at the beginning of the year, reflecting a decline of 2.1%[22] - Total liabilities decreased to CNY 150,195,502.87 from CNY 159,295,845.27, a reduction of 5.0%[23] - Total current liabilities decreased from ¥148,034,983.90 to ¥139,134,641.50, a reduction of approximately 6.1%[18] - Total assets decreased from ¥353,631,911.18 to ¥345,385,999.10, reflecting a decline of about 2.3%[17] - Total equity increased slightly from ¥198,096,927.28 to ¥198,751,357.60, indicating a marginal growth[19] Cash Flow - The net cash flow from operating activities was negative at CNY -30,603,103.86, compared to CNY -25,583,333.75 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY 30,603,103.86, worsening from a net outflow of CNY 25,583,333.75 in Q1 2016[31] - Cash and cash equivalents decreased by 53.24% to ¥27,900,724.11 due to payments for goods, labor costs, and taxes during the reporting period[13] - Cash and cash equivalents at the end of Q1 2017 were CNY 22,516,009.67, compared to CNY 21,858,088.41 at the end of Q1 2016[32] - Total cash outflow from investing activities was CNY 68,326.71, a decrease from a cash inflow of CNY 29,392.12 in the same period last year[32] - Cash flow from financing activities resulted in a net outflow of CNY 1,089,779.16, slightly worse than the net outflow of CNY 1,022,998.90 in Q1 2016[32] Shareholder Information - The total number of shareholders reached 17,934[10] - The largest shareholder, Beijing Zhongyou Asset Management Co., Ltd., holds 32.98% of the shares[10] Operational Metrics - Operating expenses increased by 125.84% to ¥552,271.20, due to reclassification of certain taxes previously reported under management fees[14] - Non-operating expenses rose significantly by 978.43% to ¥351,000.04, primarily due to late tax payments[14] - The total cost of operations was CNY 44,391,541.77, slightly up from CNY 44,293,071.35, indicating a marginal increase of 0.2%[25] - The company incurred sales expenses of CNY 2,683,447.70, up from CNY 2,344,561.36 in the previous year, indicating increased marketing efforts[29] - The company reported a significant increase in sales expenses, which rose to CNY 2,683,447.70 from CNY 2,368,561.36, an increase of 13.3%[25] Accounts Receivable and Payables - Accounts receivable increased by 37.30% to ¥106,007,917.77, reflecting a rise in revenue during the reporting period[13] - Accounts receivable increased to CNY 104,850,717.32 from CNY 76,053,738.08, representing a growth of 38.0%[22] - Prepayments rose by 62.11% to ¥4,695,534.09, attributed to advance payments for goods not yet invoiced[13] - Payable to employees decreased by 60.46% to ¥3,039,013.14, due to payments made during the reporting period[13] - Tax payable surged by 387.41% to ¥2,610,048.14, driven by increased revenue[13] Product Development and Strategy - The company has not disclosed any significant new product developments or market expansion strategies in this report[12]