HAGG(SH:601177)2018-04-25 16:00Financial Performance - Operating revenue rose by 11.27% to CNY 430,323,469.18 from CNY 386,728,628.10 in the same period last year[5] - Net profit attributable to shareholders increased by 56.21% to CNY 3,251,162.08 compared to CNY 2,081,215.65 in the previous year[5] - Basic and diluted earnings per share increased by 55.77% to CNY 0.0081 from CNY 0.0052[5] - The company's total comprehensive income for Q1 2018 was CNY 13,382,200.34, compared to CNY 6,637,476.22 in the same period last year, indicating strong overall performance[28] - Net profit for Q1 2018 was CNY 6,653,347.86, representing a 33.7% increase from CNY 4,980,287.71 in Q1 2017[28] Cash Flow - The net cash flow from operating activities improved by 29.86%, reaching CNY -55,993,037.15, compared to CNY -79,831,609.16 in the same period last year[5] - The net cash flow from financing activities improved by 188.05%, changing from a negative CNY 9,343,577.77 to a positive CNY 8,227,278.22, mainly due to reduced repayment of interest-bearing debts[17] - The net cash flow from operating activities for Q1 2018 was negative CNY 55,993,037.15, an improvement from negative CNY 79,831,609.16 in the same period last year[32] - Financing activities resulted in a net cash inflow of CNY 8,227,278.22 in Q1 2018, a recovery from a net outflow of CNY 9,343,577.77 in the same period last year[32] Assets and Liabilities - Total assets increased by 1.05% to CNY 3,831,778,217.08 compared to the end of the previous year[5] - Total liabilities rose from CNY 2,054,607,939.04 to CNY 2,081,076,306.02, marking an increase of about 1.29%[22] - Current assets totaled CNY 1,436,251,647.99, slightly up from CNY 1,412,194,623.40 at the start of the year[24] - The company's total liabilities were CNY 1,884,390,459.02, an increase from CNY 1,856,428,593.73 at the beginning of the year[25] Shareholder Information - The total number of shareholders reached 19,119 by the end of the reporting period[11] - The largest shareholder, Hangzhou Xiaoshan District State-owned Assets Management Company, holds 45.01% of the shares[12] Investment and Income - Investment income increased by 55.78% from CNY 10,070,294.78 to CNY 15,687,547.64, attributed to higher profits from the associated company[15] - The company reported an investment income of CNY 15,687,547.64, which is an increase from CNY 10,070,294.78 in the previous year[28] - Other comprehensive income increased significantly by 306.04% from CNY 1,657,188.51 to CNY 6,728,852.48, driven by higher earnings from the associated company[15] Operational Costs - Operating costs for the same period were CNY 441,486,247.56, up 11.2% from CNY 397,155,208.06 year-over-year[27] - The company's operating costs for Q1 2018 were CNY 298,454,753.67, which is an increase from CNY 269,144,111.64 in the previous year[30] Other Financial Metrics - The weighted average return on equity rose by 0.07 percentage points to 0.20%[5] - Non-recurring gains and losses totaled CNY 4,020,258.44 for the period[8] - Cash and cash equivalents increased to CNY 128,957,324.03 from CNY 89,087,329.04 at the beginning of the year, showing a significant improvement in liquidity[24] - Cash inflow from financing activities totaled $130.36 million, slightly down from $139.90 million, a decrease of about 6.5%[36]