hbky(SH:600985)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 13,484,798.19, representing a decrease of 8.32% year-on-year[5] - Operating revenue increased to CNY 186,010,465.27, reflecting a growth of 9.15% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.05, down 16.67% from the previous year[5] - The company's operating profit for Q1 2017 was CNY 16,343,346.92, down from CNY 18,492,577.53 in the previous year, a decrease of 11.6%[25] - The net profit for Q1 2017 was CNY 1,206,690.78, up 96.8% from CNY 611,756.62 in Q1 2016[28] - The total comprehensive income attributable to the parent company was CNY 13,484,798.19, down from CNY 14,707,890.64 in the previous year[26] Cash Flow - Net cash flow from operating activities reached CNY 9,308,343.19, a significant increase of 262.29% year-on-year[5] - The net cash flow from operating activities was CNY 9,308,343.19, a significant improvement from a net outflow of CNY 5,735,616.00 in Q1 2016[30] - The company reported a net cash outflow from investing activities of CNY 3,917,805.08, an improvement from a net outflow of CNY 283,674,830.17 in the previous year[30] - Cash inflow from financing activities was CNY 56,560,000.00, down from CNY 300,000,000.00 in Q1 2016[30] - Net cash flow from financing activities was -$54,340,572.22, contrasting with a positive cash flow of $296,907,163.89 in the same quarter last year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,061,044,681.03, a decrease of 1.54% compared to the end of the previous year[5] - The company's total assets as of March 31, 2017, amounted to CNY 1,453,799,445.84, down from CNY 1,537,389,341.45 at the beginning of the year[21] - Total liabilities decreased to CNY 497,482,804.07 from CNY 582,601,852.64 at the start of the year, indicating a reduction of approximately 14.6%[22] - Current assets totaled CNY 263,031,854.63, down from CNY 344,784,940.27, representing a decline of 23.7%[21] - Accounts receivable decreased by 39.76% to ¥51,857,703.57 from ¥86,081,254.38 due to the maturity of notes and payments made with notes[11] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,214[9] - The largest shareholder, Huai Bei Mining Group, held 31.26% of the shares, with 82,155,692 shares pledged[9] Investment and Financial Activities - Investment income surged by 1,647.22% to ¥873,607.88 from ¥50,000.00, mainly from investments in Jingzhou Rural Commercial Bank[12] - Financial expenses rose by 155.37% to ¥3,715,174.30 from ¥1,454,826.25, primarily due to interest payments on loans[12] - The company received government compensation of CNY 1,642,591.74 related to its normal business operations[6] - The company received approval for a non-public stock issuance, increasing its share capital by 37,301,586 shares[12] Operational Costs - Total operating costs for Q1 2017 were CNY 170,540,726.23, up 12.2% from CNY 151,982,402.12 in Q1 2016[24] - The company's operating costs increased to CNY 34,447,125.54, up 16.5% from CNY 29,678,266.36 in the same period last year[27]