BRIGHT DAIRY(SH:600597)2018-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 133,594,684, representing a decrease of 28.55% year-on-year[7]. - Operating revenue for the period was CNY 5,099,146,331, down 4.98% from the same period last year[7]. - Basic earnings per share were CNY 0.1091, down 28.55% compared to CNY 0.1527 in the previous year[7]. - The company's operating revenue for Q1 2018 was CNY 2,681,537,417, a decrease of 19.0% compared to CNY 3,310,643,020 in the same period last year[31]. - The net profit for Q1 2018 was CNY 40,296,126, down 42.2% from CNY 69,544,442 in Q1 2017[31]. - The operating profit for Q1 2018 was CNY 53,661,085, a decline of 43.5% from CNY 94,986,418 in the previous year[31]. - The total comprehensive income for Q1 2018 was CNY 40,296,126, reflecting a decrease of 42.2% from CNY 69,544,442 in the same quarter last year[31]. - The basic earnings per share for Q1 2018 was CNY 0.0329, down from CNY 0.0565 in Q1 2017[31]. Cash Flow - The net cash flow from operating activities was CNY 318,790,925, a significant improvement from a negative cash flow of CNY -374,223,062 in the previous year[7]. - The net cash flow from operating activities was CNY 318,790,925, compared to a negative cash flow of CNY -374,223,062 in Q1 2017[32]. - Operating cash flow net amount was -$109.57 million, an improvement from -$310.13 million in the previous period, indicating a 64.7% reduction in cash flow losses[35]. - Total cash inflow from operating activities was $3.43 billion, down 2.1% from $3.50 billion in the previous period[35]. - Cash outflow from operating activities totaled $3.54 billion, a decrease of 7.1% compared to $3.81 billion last period[35]. - Cash inflow from sales of goods and services was $3.42 billion, a decrease from $3.50 billion in the previous period[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,546,062,601, a slight increase of 0.04% compared to the previous year[7]. - Total assets amounted to ¥16,546,062,601, a slight increase from ¥16,539,257,377 at the beginning of the year[24]. - Total liabilities decreased to ¥9,570,346,722 from ¥9,856,806,230 at the beginning of the year[24]. Government Support and Other Income - The company received government subsidies amounting to CNY 15,079,729, which are closely related to its normal business operations[7]. - Other income increased mainly due to higher government subsidies received during the period[16]. Investment and Financial Expenses - Investment income increased by 263.53% to CNY 2,180,617, reflecting improved performance in this area[15]. - Financial expenses decreased by 61.58% to CNY 18,486,104 compared to the previous year[14]. - Investment income rose primarily from increased investment income from associates[16]. Tax and Cash Management - Tax expenses increased in line with the growth in operating performance in New Zealand[16]. - Cash received from tax refunds increased by 67.77% to ¥55,719,211 compared to ¥33,212,123 in the same period last year[18]. - Cash paid for taxes was $213.71 million, slightly up from $204.33 million in the previous period[35]. Shareholder Information - The number of shareholders at the end of the reporting period was 47,115, with the largest shareholder holding 51.62% of the shares[11].