SDICZL(SH:600962)2017-04-26 16:00Financial Performance - Operating revenue fell by 25.97% to CNY 211,176,582.84 year-on-year[6] - Net profit attributable to shareholders decreased by 59.00% to CNY 2,232,640.96 compared to the same period last year[6] - Basic earnings per share dropped by 59.13% to CNY 0.0085[6] - Total operating revenue for Q1 2017 was CNY 211,176,582.84, a decrease of 26% compared to CNY 285,253,097.44 in the same period last year[29] - Net profit for Q1 2017 was CNY 5,352,063.21, a decline of 19% from CNY 6,569,467.07 in Q1 2016[30] - The net profit for Q1 2017 was CNY 409,584.50, compared to a net loss of CNY 15,569,078.66 in the same period last year[34] - The total comprehensive income for the period was CNY 409,584.50, contrasting with a comprehensive loss of CNY 15,569,078.66 in the previous year[34] Assets and Liabilities - Total assets decreased by 8.26% to CNY 1,616,974,091.41 compared to the end of the previous year[6] - The company's total assets decreased from CNY 1,762,608,055.27 at the beginning of the year to CNY 1,616,974,091.41 by the end of Q1 2017[23] - The company's total assets decreased to CNY 1,341,057,149.28 from CNY 1,400,364,592.35, reflecting a reduction of approximately 4.2%[28] - Total liabilities decreased to CNY 800,071,430.06 from CNY 859,788,457.63, indicating a decline of about 6.9%[28] - The company's current liabilities decreased from CNY 759,345,943.91 to CNY 607,959,389.94, indicating improved liquidity[24] Cash Flow - Cash flow from operating activities decreased by 3.96% to CNY 198,248,413.33[6] - Cash inflow from operating activities totaled CNY 281,033,709.47, down 16% from CNY 334,798,161.01 in the previous year[36] - The net cash flow from operating activities was CNY 198,248,413.33, a decrease of 4% compared to CNY 206,422,474.50 in Q1 2016[36] - The cash flow from investing activities was negative at CNY -4,559,717.62, worsening from CNY -2,919,727.03 in Q1 2016[36] - The company incurred CNY 156,473,730.27 in cash outflows from financing activities, compared to CNY 208,236,937.77 in the same period last year[37] Shareholder Information - The number of shareholders reached 19,604 at the end of the reporting period[11] - The largest shareholder, China Development Investment Corporation, holds 44.57% of the shares[11] Inventory and Receivables - The company's inventory decreased significantly from CNY 543,870,462.62 to CNY 404,604,789.38, reflecting a 25.7% reduction[22] - The company reported a decrease in inventory from CNY 19,394,355.72 to CNY 12,309,506.37, a reduction of approximately 36.4%[28] - Other receivables decreased from CNY 431,574,409.39 to CNY 338,936,771.44, a decline of about 21.4%[28] - Prepaid accounts increased by 789% to CNY 20,445,285.85 due to increased costs during the non-juicing season[14] - Other current assets decreased by 44% to CNY 23,299,816.56 primarily due to a reduction in VAT credits[14] Expenses - The company's financial expenses decreased by 35% to CNY 5,822,629.29, primarily due to a reduction in interest expenses[15] - The company's tax expenses decreased by 47% to CNY 6,596.38, attributed to a reduction in taxable income[15] - The company reported a decrease in sales expenses from CNY 24,683,494.79 to CNY 21,039,113.59, a reduction of approximately 14%[30] - Total operating costs for Q1 2017 were CNY 206,256,462.32, down 26% from CNY 279,842,253.34 year-over-year[30] Equity - The company’s total equity increased slightly to CNY 540,985,719.22 from CNY 540,576,134.72, reflecting a marginal growth of 0.08%[28] - The company's minority shareholders' profit increased by 178% to CNY 3,119,422.25, compared to CNY 1,123,918.63 in the previous year[15] Strategic Decisions - The company plans to continue the sale of its 75% stake in the subsidiary Hancheng Zhonglu, as approved by the board on April 12, 2017[18]