HAGG(SH:601177)2016-04-27 16:00Financial Performance - Operating revenue fell by 14.08% to CNY 336,683,883.46 year-on-year[7] - Net profit attributable to shareholders increased by 84.86% to CNY 9,354,216.29 compared to the same period last year[7] - Basic earnings per share rose by 85.71% to CNY 0.0234[7] - Total operating revenue for Q1 2016 was CNY 336,683,883.46, a decrease of 14.1% compared to CNY 391,871,094.71 in the same period last year[23] - Net profit for Q1 2016 reached CNY 7,502,871.64, an increase of 63.0% from CNY 4,580,882.67 in Q1 2015[24] - The company’s investment income for Q1 2016 was CNY 48,971,392.73, significantly higher than CNY 9,447,341.07 in the same period last year[23] - The total profit for the period was ¥10.31 million, compared to ¥4.18 million in the previous year, marking an increase of 146%[27] - The total comprehensive income for Q1 2016 was approximately ¥8.71 million, compared to ¥3.20 million in the same period last year, reflecting a growth of 172%[27] Cash Flow - Cash flow from operating activities improved by 33.41%, resulting in a loss of CNY 30,826,945.18[7] - The net cash flow from operating activities decreased by 33.41% to -30,826,945.18 CNY compared to -46,294,517.94 CNY in the same period last year, primarily due to a reduction in cash paid for goods and services[15] - The cash flow from operating activities showed a net outflow of approximately ¥30.83 million, an improvement from a net outflow of ¥46.29 million in the same period last year[28] - The cash flow from investment activities generated a net inflow of approximately ¥105.29 million, compared to a net outflow of ¥29.32 million in the previous year[29] - Net cash flow from investing activities was $139.93 million, compared to -$46.88 million previously[32] - Cash inflow from financing activities reached $325 million, down from $651.8 million in the last period[32] - Net cash flow from financing activities was -$29.27 million, a decline from $133.23 million year-over-year[32] Assets and Liabilities - Total assets decreased by 2.02% to CNY 3,900,175,602.61 compared to the end of the previous year[7] - The total assets decreased from 3,980,553,266.83 CNY to 3,900,175,602.61 CNY, reflecting a reduction in both current and non-current assets[19] - The total liabilities decreased from 2,254,536,059.56 CNY to 2,167,584,266.02 CNY, indicating a reduction in financial obligations[20] - The company's total equity increased slightly from 1,726,017,207.27 CNY to 1,732,591,336.59 CNY, showing a stable financial position[20] - The total liabilities decreased to CNY 2,000,042,618.66 from CNY 2,076,060,388.44 at the beginning of the year[22] Shareholder Information - The number of shareholders totaled 21,959 at the end of the reporting period[11] - The largest shareholder, Hangzhou Xiaoshan State-owned Assets Management Company, holds 45.01% of the shares[11] Inventory and Other Assets - The inventory increased marginally by 0.17% to 988,965,878.52 CNY from 980,344,293.23 CNY, indicating stable inventory management[19] - Other current assets decreased by 88.43% to 8,890,358.56 CNY, as some financial products held at the end of the previous year matured and were recovered[15] - The company reported a decrease in other payables by 73.02% to 18,702,793.59 CNY, as the equity transfer payments from Hangwei Company were completed in the current period[15]