HLC(SH:600731)2016-04-27 16:00Financial Performance - Operating revenue for the period was CNY 268,545,812.76, representing a year-on-year increase of 0.86%[5] - Net profit attributable to shareholders was CNY 4,077,157.93, an increase of 63.09% compared to the same period last year[5] - Basic earnings per share were CNY 0.0135, reflecting a growth of 29.81% compared to the previous year[5] - The weighted average return on equity increased to 0.59%, up 0.13 percentage points from the previous year[5] - Net profit for the period increased by 65.60% to ¥6,590,581.16, driven by an increase in operating profit[12] - The company’s operating profit increased by 88.67% to ¥9,746,403.49, attributed to higher gross margins and reduced financial costs[14] - Total operating revenue for Q1 2016 was CNY 268,545,812.76, a slight increase of 0.86% compared to CNY 266,250,544.36 in Q1 2015[28] - Operating profit for Q1 2016 was CNY 9,746,403.49, up 88.61% from CNY 5,165,932.76 in the same period last year[29] - Net profit for Q1 2016 reached CNY 6,590,581.16, an increase of 65.5% compared to CNY 3,979,724.36 in Q1 2015[29] - The company reported a total profit of CNY 10,163,863.83 for Q1 2016, up 62.4% from CNY 6,244,396.19 in Q1 2015[29] - The company’s total comprehensive income for Q1 2016 was CNY 6,590,581.16, compared to CNY 3,979,724.36 in the same period last year, indicating a growth of 65.5%[29] Cash Flow - Cash flow from operating activities reached CNY 52,780,513.53, up 116.16% year-on-year[5] - Net cash flow from operating activities increased by 116.16% to ¥52,780,513.53, mainly due to an increase in cash received from operating activities[14] - The net cash flow from operating activities for Q1 2016 was ¥6,307,785.34, a decrease of 76.7% compared to ¥27,009,061.46 in the previous year[35] - Total cash inflow from operating activities was ¥251,176,506.58, up from ¥246,547,304.34, reflecting a growth of 1.3%[35] - Cash outflow for purchasing goods and services was ¥219,329,009.76, an increase of 14.2% from ¥192,067,207.91 in the previous year[35] - Cash flow from investing activities was negative at -¥20,370,736.28, compared to -¥16,161,488.35 in the same period last year, indicating increased investment expenditures[35] - Cash inflow from financing activities totaled ¥121,597,372.01, down 41.6% from ¥208,531,033.21 in the previous year[35] - The net cash flow from financing activities was -¥69,325,753.61, a significant decline compared to a positive cash flow of ¥7,692,628.22 in the previous year[35] - The ending cash and cash equivalents balance was ¥33,389,113.59, a decrease of 61.1% from ¥85,830,594.77 in the previous year[35] - Cash inflow from loans received was ¥70,000,000.00, down from ¥89,491,705.30, indicating reduced borrowing activity[35] - The company reported a cash outflow of ¥105,900,000.00 for debt repayment, slightly up from ¥100,935,776.10 in the previous year[35] - The impact of exchange rate changes on cash and cash equivalents was positive at ¥1,604,213.50, compared to a negative impact of -¥1,521,960.79 in the previous year[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,820,328,457.25, a decrease of 1.87% compared to the end of the previous year[5] - Current assets totaled CNY 822,306,904.33, down from CNY 885,588,615.05, indicating a decrease of about 7.13%[21] - Cash and cash equivalents decreased to CNY 146,841,221.38 from CNY 206,644,795.90, representing a decline of approximately 29%[21] - Short-term borrowings were reduced to CNY 393,010,000.00 from CNY 472,910,000.00, a decrease of about 16.87%[21] - Total liabilities decreased to CNY 1,004,458,177.04 from CNY 1,045,331,966.45, reflecting a reduction of approximately 3.91%[22] - The company's equity attributable to shareholders increased slightly to CNY 754,812,217.44 from CNY 750,937,334.75, an increase of about 0.25%[22] - Inventory levels decreased to CNY 325,242,872.34 from CNY 347,557,647.43, a decline of approximately 6.42%[21] - The non-current assets totaled CNY 998,021,552.92, an increase from CNY 969,444,153.29, indicating a growth of about 2.67%[21] - The total owner's equity as of March 31, 2016, was CNY 815,870,280.21, up from CNY 809,700,801.89, reflecting an increase of approximately 0.84%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,972[8] - The largest shareholder, Hunan Haili High-tech Industry Group Co., Ltd., held 22.91% of the shares[9] Non-Operating Income and Expenses - Non-operating income for the period included CNY 434,260.00 from government subsidies related to key agricultural pesticide development projects[7] - The company reported a total of CNY 354,841.29 in non-recurring gains and losses for the period[8] - The company experienced a significant decrease in cash and cash equivalents, down by 263.86% to -¥53,570,158.73, primarily due to increased project investments and reduced bank loans[15] - Deferred income increased by 37.55% to ¥64,907,421.57, mainly due to an increase in government subsidies received[11] - The company reported a decrease in financial expenses by 24.08%, amounting to ¥8,062,478.37, contributing to improved profitability[14] Future Plans - The company is planning a non-public stock issuance and employee stock ownership plan, which has led to a temporary suspension of trading[16]