TYGF(SH:600506)2017-04-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 9,164,089.54, representing a year-on-year increase of 27.09%[7] - The net profit attributable to shareholders of the listed company was CNY 100,102.41, a turnaround from a loss of CNY 1,208,368.79 in the previous year[7] - Basic earnings per share were CNY 0.001, compared to a loss of CNY 0.008 in the same period last year[7] - Operating revenue for Q1 2017 was CNY 9,164,089.54, an increase of 27.2% compared to CNY 7,210,505.81 in the same period last year[22] - Net profit for Q1 2017 was CNY 100,102.41, a significant recovery from a net loss of CNY 1,208,368.79 in Q1 2016[22] - Operating profit for Q1 2017 was CNY 191,251.24, compared to a loss of CNY 1,243,905.71 in the previous year[22] - Total comprehensive income for Q1 2017 was CNY 100,102.41, compared to a loss of CNY 1,208,368.79 in the previous year[23] Cash Flow and Assets - Net cash flow from operating activities increased significantly to CNY 4,818,771.09, up 844.66% compared to the same period last year[7] - Cash flow from operating activities for Q1 2017 was CNY 4,818,771.09, up from CNY 510,105.33 in Q1 2016[24] - Cash and cash equivalents decreased from CNY 8,548,797.50 at the beginning of the period to CNY 6,714,235.50 at the end of the period[18] - The cash and cash equivalents at the end of Q1 2017 were CNY 6,714,235.50, down from CNY 8,530,699.16 at the end of Q1 2016[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 281,062,662.02, a decrease of 0.72% compared to the end of the previous year[7] - Total assets decreased from CNY 283,098,444.40 at the beginning of the period to CNY 281,062,662.02 at the end of the period[19] - Total liabilities decreased from CNY 15,573,751.07 at the beginning of the period to CNY 14,439,805.43 at the end of the period[19] - The total equity attributable to shareholders of the listed company was CNY 266,622,856.59, a decrease of 0.34% from the previous year[7] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,601[11] - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., held 35,278,015 shares, accounting for 23.88% of the total shares[11] Operating Costs and Income - Operating costs increased by 32.34% year-on-year, mainly due to higher acquisition costs for fruit products[12] - The company reported non-operating income of CNY 1,551,758.91, primarily from interest income on bank financial products[9] - Investment income grew by 464.55% compared to the previous year, primarily due to increased interest income from financial products[12] - The company reported an investment income of CNY 1,186,973.06, compared to CNY 210,251.48 in the previous year[22] Other Financial Metrics - Accounts receivable increased by 100% compared to the beginning of the period, mainly due to unsettled customer payments[12] - Prepaid expenses increased by 64.63% compared to the beginning of the period, primarily due to increased prepaid electricity costs[12] - Other receivables decreased by 47.62% compared to the beginning of the period, mainly due to the recovery of overdue contract payments[12] - Deferred income tax liabilities decreased by 100% compared to the beginning of the period, primarily due to the settlement of bank financial products[12] Product Development and Strategy - The company did not report any new product developments or market expansion strategies during this quarter[6] Management Agreements - The company has signed asset management agreements for 2015 and 2016 with the Kuerle Horticultural Farm, confirming the management relationship for those years[14]