HSGC(SH:600774)2018-04-19 16:00Financial Performance - Net profit attributable to shareholders was CNY 8,108,285.13, representing a year-on-year increase of 12.71%[7] - Operating revenue for the period was CNY 296,654,070.77, reflecting a growth of 17.80% compared to the same period last year[7] - The weighted average return on equity rose to 1.38%, an increase of 0.13 percentage points from the previous year[7] - Basic earnings per share were CNY 0.046, up 12.20% from CNY 0.041 in the same period last year[7] - Operating profit for Q1 2018 reached CNY 9,576,525.03, up from CNY 7,718,282.29, reflecting a growth of 23.7% year-over-year[27] - Net profit attributable to shareholders of the parent company was CNY 8,108,285.13, compared to CNY 7,194,147.36 in the previous year, marking an increase of 12.7%[27] - Net profit for the current period was ¥9,823,270.65, up 21.5% from ¥8,087,924.74 in the previous period[29] - Operating profit increased to ¥13,184,399.89, representing a growth of 30.5% from ¥10,082,043.04 in the previous period[29] Cash Flow - The net cash flow from operating activities increased significantly by 122.90%, amounting to CNY 12,379,987.53[7] - Cash received from other operating activities increased by 143.40% to ¥4,241,657.04 compared to ¥1,742,641.77 in the previous period[14] - Cash received from borrowings increased by 157.89% to ¥49,000,000.00 from ¥19,000,000.00 in the previous period[14] - Cash flow from operating activities generated a net amount of ¥12,379,987.53, significantly higher than ¥5,554,104.31 in the previous period[30] - Cash inflow from financing activities was $49.00 million, up from $19.00 million year-over-year[34] - Net cash flow from financing activities was $21.33 million, a significant recovery from -$36.44 million in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,712,391,797.72, an increase of 0.43% compared to the end of the previous year[7] - The total liabilities increased to ¥1,011,074,398.41 from ¥1,009,674,292.54[20] - The total equity as of March 31, 2018, was ¥701,317,399.31, up from ¥695,365,054.89[21] - Current assets decreased to CNY 235,383,615.40 from CNY 243,273,406.26, a decline of 3.7%[22] - Total liabilities were CNY 406,699,188.35, a slight decrease from CNY 407,449,584.02 at the start of the year[24] Investments and Strategic Focus - The company reported a substantial increase in prepayments due to the automotive agency business, indicating strategic investments in this sector[12] - The company experienced a decrease in investment income by 55.97%, attributed to reduced profits from invested enterprises[13] - The company plans to continue focusing on market expansion and new product development to drive future growth[26] Tax and Expenses - The company’s income tax expenses increased by 39.05% due to a rise in total profit, reflecting improved operational performance[13] - Cash paid for various taxes decreased by 38.21% to ¥8,285,215.60 from ¥13,407,906.47 in the previous period[14] - The company incurred operating costs of ¥203,108,239.01, which is an increase of 18.4% from ¥171,414,543.86 in the previous period[29] Shareholder Information - The number of shareholders at the end of the reporting period was 9,371, with the top ten shareholders holding a significant portion of the shares[10]