HAGG(SH:601177)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 7,297,330.40, down 23.33% year-on-year [12]. - Operating income for the period was CNY 447,865,516.63, an increase of 0.13% compared to the same period last year [12]. - Net profit after deducting non-recurring gains and losses was CNY 2,029,458.87, a decrease of 63.44% year-on-year [12]. - Basic earnings per share were CNY 0.0182, a decrease of 23.53% compared to the previous year [12]. - Net profit for Q1 2014 was RMB 6,212,229.19, a decrease of 35.4% from RMB 9,670,192.41 in Q1 2013 [32]. - The company’s total comprehensive income for Q1 2014 was RMB 6,286,856.12, down from RMB 9,172,412.39 in Q1 2013 [32]. - The net profit for Q1 2014 reached RMB 2,316,361.23, up 116.5% from RMB 1,070,558.24 in Q1 2013 [42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,729,943,267.64, a decrease of 0.87% compared to the end of the previous year [11]. - The total assets decreased from RMB 3,762,556,100.44 to RMB 3,729,943,267.64, indicating a slight contraction in the asset base [30]. - The company's total liabilities decreased from RMB 1,913,951,598.41 to RMB 1,875,051,909.49, reflecting improved financial stability [30]. - The total liabilities as of March 31, 2014, amounted to RMB 1,650,489,498.67, compared to RMB 1,641,683,612.03 at the beginning of the year [40]. - The company's total equity increased slightly from RMB 1,848,604,502.03 to RMB 1,854,891,358.15, indicating a stable equity position despite operational challenges [30]. - The company's total equity increased to RMB 1,610,124,293.22 from RMB 1,607,807,931.99 at the start of the year [40]. Cash Flow - Net cash flow from operating activities was CNY 34,417,162.59, an increase of 18.59% year-on-year [12]. - Cash flow from operating activities for Q1 2014 was RMB 34,417,162.59, an increase of 18.5% compared to RMB 29,021,638.27 in Q1 2013 [34]. - The company's cash and cash equivalents decreased from RMB 193,128,093.42 to RMB 136,435,410.29, highlighting liquidity concerns [30]. - Cash and cash equivalents at the end of Q1 2014 were RMB 115,735,410.29, down from RMB 143,937,221.50 at the beginning of the period [34]. - The cash and cash equivalents at the end of Q1 2014 were RMB 57,455,076.05, down from RMB 58,745,608.29 at the end of Q1 2013 [44]. - The investment activities resulted in a net cash outflow of RMB 15,313,600.00 in Q1 2014, compared to a larger outflow of RMB 32,702,610.23 in Q1 2013 [44]. Shareholder Information - The total number of shareholders was 19,079 at the end of the reporting period [15]. - The largest shareholder, Hangzhou Xiaoshan State-owned Assets Management Co., held 45.01% of the shares [15]. Government Support and Expenses - The company received government subsidies amounting to CNY 5,208,520.31 during the reporting period [13]. - Financial expenses surged by 89.49% from RMB 7,684,657.09 to RMB 14,561,461.40, attributed to an increase in short-term financing bonds and loans [17]. - The company's financial expenses increased to RMB 14,561,461.40 in Q1 2014, compared to RMB 7,684,657.09 in Q1 2013 [32]. Investment Performance - Investment income rose significantly from a loss of RMB 1,948,491.42 to a profit of RMB 13,395,258.20, reflecting improved external investment returns [17]. - The company reported an investment income of RMB 13,395,258.20 in Q1 2014, compared to a loss of RMB 1,948,491.42 in Q1 2013 [32].