HUALI(SH:603038)2018-04-25 16:00Financial Performance - Operating revenue for the period was CNY 123,242,227.20, representing a year-on-year increase of 15.50%[6] - Net profit attributable to shareholders was CNY 8,463,421.61, an increase of 10.68% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 6,645,862.42, a decrease of 3.59% year-on-year[6] - Total operating revenue for Q1 2018 was ¥123,242,227.20, an increase of 15.4% compared to ¥106,707,298.65 in Q1 2017[31] - Net profit for Q1 2018 reached ¥8,463,421.61, representing a 10.7% increase from ¥7,646,537.20 in Q1 2017[31] - Operating profit for Q1 2018 was ¥9,987,679.84, an increase from ¥9,374,652.40 in the previous year[31] Cash Flow - The net cash flow from operating activities was CNY -7,253,994.87, an improvement from CNY -22,858,452.49 in the previous year[6] - Cash inflow from sales of goods and services was CNY 134,178,479.80, an increase of 11.5% compared to CNY 120,564,017.39 in the previous period[36] - Cash inflow from investment activities totaled CNY 149,604,414.10, significantly higher than CNY 35,049,114.32 in the previous period[37] - Cash outflow for investment activities was CNY 327,505,859.54, compared to CNY 49,773,158.02 in the previous period, resulting in a net cash flow from investment activities of CNY -177,901,445.44[37] - The company reported a net cash increase of CNY -185,988,841.80, contrasting with a net increase of CNY 307,688,880.78 in the previous period[37] - The ending cash and cash equivalents balance was CNY 95,130,074.08, down from CNY 487,853,648.01 in the previous period[37] - Cash inflow from investment recovery was CNY 148,270,958.90, compared to CNY 35,000,000.00 in the previous period[36] - Cash outflow for fixed asset purchases was CNY 8,005,859.54, down from CNY 18,273,158.02 in the previous period[36] - The cash flow from operating activities showed a net increase of CNY 5,352,076.40, a significant recovery from CNY -44,637,804.52 in the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,121,084,286.07, a decrease of 2.09% compared to the end of the previous year[6] - Total assets decreased from CNY 1,145,058,420.50 to CNY 1,121,084,286.07, a decline of approximately 2.1%[24] - Current liabilities decreased from CNY 169,062,356.70 to CNY 137,322,258.96, a reduction of about 18.8%[24] - Non-current liabilities decreased from CNY 36,211,616.88 to CNY 34,867,649.79, a decline of approximately 3.7%[24] - Total liabilities decreased from CNY 205,273,973.58 to CNY 172,189,908.75, a reduction of about 16.1%[24] - Owner's equity increased from CNY 939,784,446.92 to CNY 948,894,377.32, an increase of approximately 1.2%[24] - Cash and cash equivalents decreased by 58.11% from the beginning of the year, ending at ¥130,419,786.84, primarily due to increased investments in financial products[13] - Accounts receivable increased by 174.24% to ¥8,506,585.40, driven by higher procurement volumes from customers[15] - Other current assets rose by 66.79% to ¥208,180,345.31, due to increased investments in financial products[15] - Accounts payable decreased by 43.84% to ¥34,839,564.16, reflecting reduced raw material purchases during the sales off-season[15] - Prepayments declined by 53.65% to ¥3,324,812.62, as prior year-end inventory levels allowed for faster production and sales[15] Shareholder Information - The number of shareholders at the end of the reporting period was 7,753[11] - The largest shareholder, Tan Hongru, holds 42.44% of the shares, with 28,500,000 shares pledged[11] Earnings and Expenses - Basic earnings per share were CNY 0.126, up 0.80% from CNY 0.125 in the previous year[6] - Basic and diluted earnings per share for Q1 2018 were both ¥0.126, slightly up from ¥0.125 in Q1 2017[32] - The company experienced a financial expense of -¥576,657.82 in Q1 2018, compared to -¥263,108.12 in Q1 2017, indicating a rise in financial costs[31] - The company’s tax expenses for Q1 2018 were ¥1,526,771.64, down from ¥1,729,294.98 in the same quarter last year[31] - Other income for Q1 2018 was reported at ¥616,732.68, compared to ¥822,197.06 in Q1 2017, reflecting a decrease in other income sources[31] Investment Income - The company reported a significant reduction in investment income, down 75.16% to ¥1,553,534.10, due to unrealized gains from futures contracts[18] - The fair value change income for Q1 2018 was ¥818,483.21, a significant recovery from a loss of -¥6,192,050.00 in Q1 2017[31]