HACL(SH:600598)2017-04-26 16:00Financial Performance - Operating revenue rose by 13.44% to CNY 617,086,545.40, while net profit attributable to shareholders increased by 182.01% to CNY 243,087,994.22[5] - Basic and diluted earnings per share both rose by 185.41% to CNY 0.137[5] - Net profit for Q1 2017 reached CNY 249,983,836.37, a significant increase of 155.5% compared to CNY 97,817,291.55 in Q1 2016[27] - The total comprehensive income attributable to the parent company for Q1 2017 was CNY 243,087,994.22, compared to CNY 86,197,988.90 in the same period last year[25] Assets and Liabilities - Total assets increased by 26.45% to CNY 9,790,136,125.11 compared to the end of the previous year[5] - Total liabilities increased to CNY 3,452,294,016.26 from CNY 1,628,780,110.98, indicating a rise of 112.5%[21] - Cash and cash equivalents increased by 191.12% to CNY 273,528,480.48, primarily due to advance payments for land lease fees[10] - Accounts receivable increased by 121.84% to CNY 11,646,810.00, mainly due to outstanding land lease fees[10] - The company's cash and cash equivalents rose significantly to CNY 2,637,837,369.30 from CNY 832,337,639.74, an increase of 216%[19] - Accounts receivable surged to CNY 68,566,388.21 from CNY 2,359,510.56, a growth of 2805%[20] - Inventory levels increased to CNY 149,926,915.85 from CNY 75,176,004.40, representing a rise of 99%[20] Cash Flow - Cash flow from operating activities increased by 21.77% to CNY 1,880,336,213.52 compared to the same period last year[5] - Net cash flow from operating activities grew by 21.77% year-on-year, amounting to 1.88 billion RMB, driven by increased advance collections of land lease fees[14] - The net cash flow from operating activities was CNY 1,880,336,213.52, an increase of 21.8% from CNY 1,544,172,171.29 in Q1 2016[30] - The total cash inflow from operating activities was $148,627,404.81, significantly higher than $68,454,917.11 in the previous year[33] Expenses and Costs - Operating costs decreased to CNY 377,083,208.03 from CNY 465,436,022.40, representing a reduction of 19%[23] - Management expenses increased by 27.99% year-on-year, reaching 344.57 million RMB, influenced by rising social insurance costs and severance benefits[13] - The company reported an increase in management expenses to CNY 334,089,057.65 in Q1 2017, compared to CNY 255,186,110.23 in the previous year, reflecting a rise of 30.8%[26] Investments - Long-term equity investments increased by 127.11% to CNY 74,716,270.00, as a result of a change in ownership structure of a subsidiary[10] - Investment cash flow net decreased by 345.73% year-on-year, resulting in a net outflow of 434.61 million RMB, due to reduced net recoveries from structured deposits[14] - Investment activities resulted in a net cash outflow of CNY 434,614,117.25 in Q1 2017, compared to a net inflow of CNY 176,865,144.24 in the same period last year[30] Shareholder Information - The total number of shareholders reached 113,292[8] - The top shareholder, Heilongjiang Beidahuang Agricultural Group, holds 64.14% of the shares[8]