GSMG(SH:600543)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 13,390,524.31, down 17.54% year-on-year[6]. - Operating revenue for the period was CNY 67,102,389.93, a decline of 6.72% compared to the same period last year[6]. - Basic and diluted earnings per share were both CNY 0.04, a decrease of 20.00% compared to the previous year[6]. - Net profit for Q1 2017 was CNY 12,878,756.21, a decline of 20.5% compared to CNY 16,108,631.43 in Q1 2016[24]. - Total operating revenue for Q1 2017 was CNY 70,153,626.60, a decrease of 10.0% compared to CNY 78,649,381.81 in the same period last year[25]. - The company reported an investment income of CNY 4,589,182.22, slightly down from CNY 4,754,328.74 in the previous year[24]. - The company’s total profit for Q1 2017 was CNY 16,819,841.06, an increase of 28.3% compared to CNY 13,065,463.23 in Q1 2016[25]. Cash Flow - Net cash flow from operating activities increased significantly to CNY 30,678,470.72, representing a growth of 167.55% year-on-year[6]. - Net cash flow from operating activities was $15,872,662.59, a significant increase from $4,438,483.34 in the previous year, representing a growth of approximately 258%[32]. - Cash inflow from operating activities totaled $63,630,999.64, down from $75,165,350.28 year-over-year, representing a decline of about 15%[32]. - Cash outflow for purchasing goods and services was $29,638,192.89, a decrease from $45,182,598.57 in the previous year, indicating a reduction of approximately 34%[32]. - Cash paid for taxes was $6,757,893.75, compared to $10,027,532.75 in the previous year, showing a decline of approximately 33%[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,302,824,857.08, a decrease of 0.58% compared to the end of the previous year[6]. - Total current assets amounted to RMB 615,172,957.30, a slight decrease from RMB 619,659,531.93 at the beginning of the year[16]. - Total current liabilities decreased from RMB 146,591,312.37 to RMB 126,799,794.14[17]. - Long-term borrowings increased slightly from RMB 36,297,142.50 to RMB 36,584,242.50[17]. - Total liabilities decreased to CNY 473,837,499.88 from CNY 502,380,269.17 at the start of the year, reflecting a reduction of 5.7%[22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,366[10]. - The largest shareholder, Gansu Huangyanghe Agricultural and Commercial Group, held 42,729,215 shares, accounting for 13.31% of total shares[10]. - Gansu Province Agricultural Reclamation Group held 29,763,636 shares, representing 9.27% of total shares[10]. Government Subsidies and Expenses - The company received government subsidies amounting to CNY 281,789.08, which are closely related to its normal business operations[7]. - Financial expenses increased by 704.67% year-on-year, primarily due to increased exchange losses on foreign currency long-term borrowings[12]. - Employee compensation payable decreased by 49.74% compared to the beginning of the period, mainly due to year-end settlement and assessment[12]. Operating Costs - Total operating costs for Q1 2017 were CNY 56,632,525.75, down 2.5% from CNY 58,094,895.02 in the same period last year[24]. - The company recorded a decrease in operating costs to CNY 40,493,678.62 from CNY 49,822,312.47, a reduction of 18.5% year-over-year[25].