HLC(SH:600731)2015-04-29 16:00Financial Performance - Operating income decreased by 1.48% to CNY 266,250,544.36 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 20.99% to CNY 3,416,727.20 compared to the same period last year[5] - Basic earnings per share decreased by 21.21% to CNY 0.0104[6] - Total revenue for Q1 2015 was CNY 266,250,544.36, a decrease of 1.1% from CNY 270,246,114.65 in the same period last year[32] - Operating profit for Q1 2015 was CNY 5,165,932.76, an increase of 12.8% compared to CNY 4,579,930.27 in Q1 2014[32] - Net profit attributable to shareholders for Q1 2015 was CNY 3,416,727.20, down 20.9% from CNY 4,324,440.36 in Q1 2014[33] - The net profit for Q1 2015 was -5,088,031.56 RMB, an improvement from -7,799,775.45 RMB in the same period last year, indicating a reduction in losses by approximately 34.8%[35] Cash Flow - Cash flow from operating activities increased significantly by 1,534.94% to CNY 24,417,112.84 compared to the same period last year[5] - Cash flow from operating activities netted CNY 24,417,112.84, a significant increase of CNY 22,923,652.24 or 1534.94% year-over-year, mainly due to reduced cash payments for goods and services[17] - Cash flow from investing activities decreased by CNY 10,239,960.93, primarily due to increased cash payments for the acquisition of fixed assets and intangible assets[17] - Cash flow from financing activities increased by CNY 220,726,714.23, mainly due to the repayment of bank loans in the previous year[17] - Operating cash flow for Q1 2015 was 24,417,112.84 RMB, a significant increase compared to 1,493,460.60 RMB in Q1 2014, reflecting a positive cash flow trend[38] - Cash inflow from financing activities totaled ¥208,531,033.21, primarily driven by borrowing and other financing sources[42] - Cash inflow from loans amounted to ¥89,491,705.30, reflecting the company's reliance on debt financing[42] - Cash outflow for debt repayment was ¥100,935,776.10, highlighting the company's commitment to managing its liabilities[42] Assets and Liabilities - Total assets increased by 1.96% to CNY 1,708,095,931.35 compared to the end of the previous year[5] - The company's current assets totaled CNY 762,375,372.52, compared to CNY 747,398,983.98 at the start of the year, reflecting a growth of approximately 2.3%[25] - The total liabilities of the company were CNY 906,318,067.21, compared to CNY 878,257,604.52 at the beginning of the year, marking an increase of approximately 3.4%[26] - Total liabilities as of March 31, 2015, were CNY 614,335,304.63, up from CNY 561,317,497.96 at the beginning of the year[28] - The company's equity attributable to shareholders was CNY 741,151,587.77, slightly up from CNY 736,970,526.18, reflecting a growth of about 0.6%[26] Shareholder Information - The total number of shareholders reached 17,297 at the end of the reporting period[9] - The largest shareholder, Hunan Haili High-tech Industry Group Co., Ltd., holds 22.91% of the shares[9] Expenses - Sales expenses for the year-to-date period reached CNY 12,670,057.73, an increase of 12.47% compared to the same period last year[15] - Management expenses increased by CNY 3,674,290.37, reflecting a 12.43% rise year-over-year[15] - Financial expenses decreased by CNY 2,136,663.86, a decline of 16.75% compared to the previous year[15] - Other income decreased by CNY 1,952,867.86, a drop of 30.52%, mainly due to a reduction in government subsidies recognized in the current period[15] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 1,117,910.67[6] Accounts Receivable and Inventory - Accounts receivable increased by CNY 8,310,848.01, a growth of 46.77% compared to the beginning of the year, primarily due to an increase in accepted bills from sales[12] - Prepayments rose by CNY 4,820,561.69, reflecting a 47.27% increase, mainly due to higher advance payments for raw materials and equipment[13] - Engineering materials increased by CNY 5,791,706.92, a 51.90% rise, attributed to increased procurement of engineering materials[13] - Inventory levels were reported at CNY 309,347,847.13, down from CNY 327,816,776.15, which is a decrease of about 5.6%[25]