Wellhope(SH:603609)2017-04-24 16:00Financial Performance - Operating revenue rose by 29.16% to CNY 2,690,395,962.15 year-on-year[7] - Net profit attributable to shareholders increased by 3.01% to CNY 70,371,106.27 compared to the same period last year[7] - The company reported a gross profit margin of approximately 5.2% for Q1 2017, down from 6.0% in the previous year[19] - Net profit for Q1 2017 was CNY 38,762,357.67, down 21.6% from CNY 49,465,341.49 in the same period last year[21] - The company's operating profit decreased to CNY 33,522,683.51, a decline of 35% from CNY 51,620,669.90 in the previous year[21] Assets and Liabilities - Total assets increased by 9.21% to CNY 5,645,347,219.30 compared to the end of the previous year[7] - Current assets totaled ¥2,950,244,696.65, up from ¥2,627,013,804.37, representing a growth of 12.3%[15] - Total liabilities increased to ¥2,239,247,744.91 from ¥1,848,313,530.57, marking a rise of 21.1%[16] - Short-term borrowings increased to ¥1,301,240,000.00 from ¥981,240,000.00, reflecting a growth of 32.6%[15] Cash Flow - The company reported a net cash flow from operating activities of CNY -273,905,958.09, a decrease of 29.14% year-on-year[7] - Cash flow from operating activities showed a net outflow of CNY -273,905,958.09, compared to CNY -212,100,479.49 in the previous year[22] - Cash and cash equivalents at the end of Q1 2017 were CNY 617,658,969.39, a decrease from CNY 707,314,594.46 at the beginning of the period[23] - The company experienced a net cash outflow of CNY 89,655,625.07 in Q1 2017, compared to CNY -144,101,264.20 in the previous year[23] Production and Sales - Feed product production increased by 18.37% to 462,500 tons, while sales volume rose by 19.34% to 465,300 tons[10] Shareholder Information - The number of shareholders increased to 28,398, with the top ten shareholders holding a combined 56.12% of shares[9] Financial Expenses and Investment Income - Financial expenses increased by 31.36% to CNY 14,141,184.17 due to higher bank loan interest expenses[12] - Investment income rose by 69.65% to CNY 20,875,432.46, attributed to increased equity method accounting gains from joint ventures[12] - Investment income for Q1 2017 was CNY 21,340,440.99, down from CNY 27,319,314.03 in the same period last year[21] Future Plans - The company plans to continue expanding its market presence and investing in new product development to drive future growth[19]