HJINV(SZ:000633)2017-04-28 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥9,984,239.90, representing a 31.83% increase compared to ¥7,573,557.19 in the same period last year[7]. - The net profit attributable to shareholders was -¥7,571,255.55, a 22.81% improvement from -¥9,808,440.21 year-over-year[7]. - The basic and diluted earnings per share were both -¥0.0197, a 22.75% improvement from -¥0.0255 year-over-year[7]. - The estimated cumulative net profit for the first half of 2017 is projected to be a loss of between ¥19 million and ¥30.50 million, indicating a potential decline of 30.51% to 52.46% compared to the previous year[21]. - The net profit for Q1 2017 was a loss of 7,588,171.68 CNY, an improvement from a loss of 9,968,249.48 CNY in the same period last year, reflecting a reduction in losses of about 23.7%[39]. - The total comprehensive income for Q1 2017 was also a loss of 7,588,171.68 CNY, compared to a loss of 9,968,249.48 CNY in the previous year, showing a similar trend in comprehensive income[40]. Cash Flow - The net cash flow from operating activities was -¥19,771,868.83, which is a 160.23% decline compared to -¥7,597,856.80 in the previous year[7]. - The cash flow from operating activities showed a net outflow of 19,771,868.83 CNY, worsening from a net outflow of 7,597,856.80 CNY in the previous year, indicating increased cash burn[47]. - The total cash outflow from operating activities was 12,495,314.56 yuan, compared to 10,485,112.34 yuan in the previous period, indicating an increase of approximately 19.2%[49]. - The company reported cash inflows from operating activities totaling 9,887,611.59 CNY, down from 10,195,768.13 CNY in the previous year[47]. - Cash outflows from operating activities increased significantly to 29,659,480.42 CNY, compared to 17,793,624.93 CNY in the same period last year, highlighting rising operational costs[47]. - The company’s cash flow from financing activities remained negative, indicating ongoing challenges in raising funds[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥953,169,638.84, down 1.29% from ¥965,669,871.79 at the end of the previous year[7]. - The total current assets decreased to ¥690.68 million from ¥779.95 million, a decline of 11.43%[30]. - Total liabilities decreased to CNY 774,962,732.89 from CNY 779,874,794.16[32]. - The total non-current assets increased to CNY 262,490,815.66 from CNY 185,719,920.11[32]. - The total current liabilities decreased to CNY 23,751,805.10 from CNY 29,275,445.69[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,823[10]. - The largest shareholder, Horgos Tonghai Equity Investment Co., Ltd., held 20.00% of the shares, amounting to 77,021,275 shares, which are currently pledged[10]. Expenses - Management expenses decreased by 19.79% to ¥70.59 million from ¥88.00 million, reflecting continued control over various management costs[14]. - The company incurred financial expenses of 978,182.35 CNY in Q1 2017, compared to a financial income of -62,690.55 CNY in the previous year, indicating a shift towards higher financing costs[39]. - The company reported a significant increase in sales expenses to 640,808.97 CNY from 616,260.65 CNY in the previous year, indicating a focus on sales efforts despite overall losses[39]. Inventory and Receivables - The company’s inventory increased to ¥20.20 million, up from ¥16.40 million, indicating a 23.06% rise in stock levels[30]. - Other receivables increased by 163.09% to ¥2.17 million from ¥825.08 thousand, primarily due to deposits paid by subsidiaries[14]. Government Support - The company received government subsidies amounting to ¥132,796.53 during the reporting period[8]. Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[53].