FENGLE SEED(SZ:000713)2017-10-20 16:00Financial Performance - Revenue for Q1 2015 was CNY 190.90 million, a decrease of 24.57% compared to CNY 253.07 million in the same period last year[8]. - Net profit attributable to shareholders increased by 43.84% to CNY 20.28 million from CNY 14.10 million year-on-year[8]. - Basic earnings per share rose by 43.86% to CNY 0.0679 from CNY 0.0472 in the same period last year[8]. - Total assets decreased by 4.19% to CNY 1.81 billion from CNY 1.89 billion at the end of the previous year[8]. - Net cash flow from operating activities was negative at CNY -66.11 million, a decline of 154.92% compared to CNY -25.94 million in the previous year[8]. Government Support and Income - The company received CNY 9.60 million in government funding for strategic emerging industries, contributing to a 67.06% increase in deferred income[15]. - Cash received related to operating activities increased by 538.88%, primarily due to an increase in government subsidies received by the parent company[16]. - Income tax expenses decreased by 91.62%, primarily due to a significant reduction in the profit of the subsidiary Fengle Agricultural Chemicals[16]. - Cash received from tax refunds decreased by 83.85%, mainly due to reduced export tax rebates received by subsidiaries Fengle Agricultural Chemicals and Fengle Spices[16]. Operating Costs and Expenses - Operating costs decreased by 34.86%, indicating a larger decline than the drop in sales revenue[15]. - Operating expenses increased by 3,465.6%, mainly due to losses of 24,700 yuan during the shipment of rice seeds[16]. - Short-term borrowings decreased by 35.82%, primarily due to repayments by the parent company[15]. Investments and Asset Management - Investment income increased by 100%, attributed to the returns from purchased financial products this year[16]. - The company signed an asset transfer agreement with Beicheng Construction Investment for the transfer of Fengle Ecological Park assets at an assessed value of 140.5028 million yuan[17]. - The company is actively pursuing the collection of remaining asset transfer payments, totaling 67.25 million yuan, from the asset transfer to Beicheng Construction Investment[18]. - The company held 21,475,146 shares of Huishang Bank, which is listed in Hong Kong, during the reporting period[27]. - The company has purchased financial products with a total limit of 100 million yuan, with a remaining balance of 65 million yuan as of March 31, 2015[20]. Corporate Governance and Shareholder Relations - The company announced that it would not plan any major asset restructuring for at least six months starting from November 28, 2014, in compliance with relevant regulations[25]. - The company has made commitments to small shareholders and has fulfilled them in a timely manner[25]. - The company is committed to maintaining independent operations from its controlling shareholder, ensuring personnel, assets, and financial independence[24]. - The company faced challenges in its major asset restructuring plans, which were ultimately unsuccessful[24]. - The company has not reported any significant changes in net profit expectations for the first half of 2015[26]. Investor Relations - The number of ordinary shareholders at the end of the reporting period was 53,309[11]. - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., held 34.11% of the shares[11]. - The company conducted multiple investor communications and site visits during January 2015[30]. - The company has not provided any written materials during investor communications[30]. - There were no securities investments during the reporting period[26]. - The company confirmed that it has not engaged in any derivative investments during the reporting period[28].