HPGC(SH:600664)2018-04-15 16:00Financial Performance - Net profit attributable to shareholders increased by 201.22% to CNY 140,227,002.06 compared to the same period last year[8] - Operating revenue decreased by 7.38% to CNY 2,857,831,646.74 compared to the same period last year[8] - Basic and diluted earnings per share increased by 200.00% to CNY 0.06[8] - The net profit for Q1 2018 was CNY 158,312,018.98, representing a significant increase of 152.0% from CNY 62,766,381.08 in Q1 2017[32] - The operating profit for Q1 2018 was CNY 207,218,097.76, up from CNY 99,471,524.12 in the previous year, indicating a growth of 108.5%[31] - The total profit for Q1 2018 was CNY 208,535,352.48, compared to CNY 102,990,349.24 in Q1 2017, reflecting an increase of 102.5%[31] - The total comprehensive income for Q1 2018 was CNY 158,312,018.98, compared to CNY 62,766,381.08 in Q1 2017, indicating a growth of 152.0%[32] Cash Flow - Net cash flow from operating activities increased by 59.25% to CNY 142,521,739.09 compared to the same period last year[8] - Operating cash inflow for the current period is CNY 2,909,219,306.38, down 15% from CNY 3,421,167,579.50 in the previous period[38] - Total cash outflow from operating activities decreased to CNY 2,766,697,567.29, down 17% from CNY 3,331,669,620.38[38] - Investment activities generated a net cash flow of -CNY 8,510,628.85, an improvement from -CNY 9,304,382.74 in the previous period[39] - Cash inflow from financing activities totaled CNY 14,000,000.00, consistent with the previous period[39] - Net cash flow from financing activities decreased to -CNY 1,909,583.34 from CNY 12,569,463.89 in the previous period[39] Assets and Liabilities - Total assets increased by 0.20% to CNY 13,726,313,841.73 compared to the end of the previous year[8] - Total liabilities decreased to CNY 6,083,672,246.13 from CNY 6,217,744,943.84, indicating a reduction of 2.16%[25] - Owner's equity increased to CNY 7,642,641,595.60 from CNY 7,481,588,404.35, representing a growth of 2.15%[25] - Accounts receivable increased by 49.87% to CNY 838,021,624.15 compared to the end of the previous year[14] - The company's fixed assets were valued at ¥3,557,437,870.68 as of March 31, 2018, down from ¥3,655,543,770.35 at the beginning of the year[23] Expenses - Financial expenses decreased by 55.27% to CNY -7,001,748.70 compared to the same period last year[14] - Other expenses increased by 612.64% to CNY 1,553,990.38 compared to the same period last year, mainly due to increased charitable donations[14] - The company's tax expenses for Q1 2018 were CNY 50,223,333.50, up from CNY 40,223,968.16 in the previous year, which is an increase of 24.8%[31] - The company experienced a decrease in sales expenses from CNY 202,264,354.41 in Q1 2017 to CNY 167,827,574.41 in Q1 2018, a reduction of 17.0%[31] Investments and Future Plans - The company plans to invest $299,950,000 in GNC by purchasing 299,950 shares of convertible preferred stock at $1,000 per share, with an annual dividend rate of 6.5%[16] - The company is undergoing a mixed-ownership reform, with a capital increase of ¥1.5 billion from CITIC Capital, pending approval from relevant authorities[16] - The company has terminated the major asset restructuring plan regarding GNC and shifted to an external investment approach[17] - The company plans to continue focusing on cost reduction strategies to improve profitability in the upcoming quarters[30]