HACL(SH:600598)2015-04-28 16:00Financial Performance - Operating revenue decreased by 66.11% to CNY 636,826,309.63 year-on-year[6] - Net profit attributable to shareholders decreased by 81.09% to CNY 155,463,336.18 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 81.21% to CNY 0.087[6] - Operating revenue decreased by 124,227.04 million RMB, a decline of 66.1%, primarily due to the disposal of the subsidiary Beidahuang Rice Industry Group Co., Ltd. and a decrease in agricultural product sales[13] - Commission income decreased by 64.21 million RMB, down 73%, due to the subsidiary Beidahuang Investment Guarantee Co., Ltd. enhancing risk prevention and cautiously conducting guarantee business[13] - Investment income decreased by 64,289.63 million RMB, a 100% decline, primarily due to the negative net assets of the disposed subsidiary[14] - Non-operating income decreased by 640.22 million RMB, down 90.8%, due to the disposal of subsidiaries affecting the consolidation scope[14] - The cumulative net profit for the year is expected to decrease significantly compared to the previous year, mainly due to the losses from the disposed subsidiary[17] - Total revenue for Q1 2015 was CNY 637,064,347.63, a decrease of 66.1% compared to CNY 1,879,976,816.16 in the same period last year[28] - Operating revenue for Q1 2015 was CNY 603,045,839.41, a decrease of 33.5% compared to CNY 906,658,849.23 in the same period last year[31] - Net profit for Q1 2015 reached CNY 172,908,817.83, recovering from a net loss of CNY 238,081,767.10 in the previous year[31] - Operating profit for Q1 2015 was CNY 173,024,308.97, compared to an operating loss of CNY 233,191,386.82 in Q1 2014[31] - Total comprehensive income for Q1 2015 was CNY 172,908,817.83, a significant recovery from a loss of CNY -238,081,767.10 in the previous year[32] Cash Flow and Assets - Cash flow from operating activities decreased by 53.20% to CNY 1,141,806,102.17 year-on-year[6] - Net cash flow from operating activities decreased by 129,794.12 million RMB, down 53.20%, mainly due to the non-disbursement of agricultural subsidies and the disposal of the subsidiary[15] - Cash inflow from operating activities totaled CNY 1,818,059,342.63, down 55.8% from CNY 4,111,692,602.76 in Q1 2014[34] - Operating cash inflow for Q1 2015 was CNY 1,759,667,508.90, a decrease of 29.6% from CNY 2,506,198,813.54 in the previous period[38] - Net cash flow from operating activities was CNY 1,115,049,759.41, down 41.4% from CNY 1,904,269,680.12 year-over-year[38] - Cash outflow from investing activities totaled CNY 560,686,641.43, compared to CNY 400,812,933.08 in the previous period, indicating a 40% increase[36] - Net cash flow from investing activities was -CNY 559,476,641.43, worsening from -CNY 399,712,933.08 in the previous year[36] - Cash inflow from financing activities was CNY 205,780,000.00, while cash outflow was CNY 709,917,333.32, resulting in a net cash flow of -CNY 504,137,333.32[39] - The ending cash and cash equivalents balance was CNY 1,713,936,105.39, down from CNY 2,093,925,899.01 in the previous period[39] - Total cash and cash equivalents increased by CNY 555,730,617.98 during the quarter[39] Assets and Liabilities - Total assets increased by 13.40% to CNY 9,331,400,259.89 compared to the end of the previous year[6] - Current assets totaled CNY 5,044,654,799.16, an increase of 30.6% from CNY 3,860,454,537.05 at the beginning of the year[25] - Total liabilities reached CNY 3,542,258,641.75, up 36.8% from CNY 2,590,487,433.93 at the start of the year[22] - The company's total assets increased to CNY 9,331,400,259.89, compared to CNY 8,229,025,291.55 at the beginning of the year, reflecting a growth of 13.4%[22] - The total equity attributable to shareholders increased to CNY 5,832,312,587.34, up from CNY 5,676,545,123.64 at the beginning of the year, reflecting a growth of 2.75%[22] Expenses - Operating costs decreased by 102,939.79 million RMB, a decline of 82.3%, mainly due to the same reasons as the operating revenue[13] - Management expenses decreased by 10,622.86 million RMB, a decline of 29.9%, due to the resumption of production at a subsidiary and changes in consolidation scope[14] - Financial expenses decreased by 6,228.96 million RMB, primarily due to the absence of bank loans at the headquarters[14] - Sales expenses increased to CNY 14,744,479.98 from CNY 13,696,976.51, reflecting a rise of 7.6% year-over-year[31] - Financial expenses showed a significant improvement, with a net income of CNY -8,590,872.08 compared to CNY 1,526,686.37 in the previous year[31] Shareholder Information - The total number of shareholders reached 66,058 at the end of the reporting period[9] - The company applied to revoke the delisting risk warning for its stock, which was approved, effective April 3, 2015[16] Future Plans - The company has plans for market expansion and new product development, focusing on enhancing operational efficiency and increasing market share[27]