MINHE(SZ:002234)2017-04-24 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥220,615,410.54, a decrease of 23.59% compared to the same period last year[8]. - The net profit attributable to shareholders was -¥75,858,923.15, representing a decline of 209.55% year-on-year[8]. - The company's basic earnings per share were -¥0.25, a decrease of 208.70% compared to the same period last year[8]. - The company's retained earnings decreased by 30.11% to -¥327,787,722.36, primarily due to a decline in the selling price of main products[16]. - The company expects a net loss of between 11,000 and 15,000 thousand yuan for the first half of 2017, compared to a net profit of 15,453.49 thousand yuan in the same period of 2016[21]. - The significant decline in the selling price of broiler chicks is the primary reason for the anticipated loss in H1 2017[21]. Cash Flow - The net cash flow from operating activities was -¥52,809,307.05, a decrease of 196.18% compared to the previous year[8]. - In Q1 2017, the company's net cash flow from operating activities decreased by 196.18% due to a decline in the selling price of main products and reduced sales revenue[18]. - Net cash flow from financing activities in Q1 2017 decreased by 59.27% mainly due to a reduction in bank borrowings[19]. - The net increase in cash and cash equivalents in Q1 2017 decreased by 148.38% attributed to the decline in product prices and reduced bank borrowings[19]. - Investment cash inflow in Q1 2017 increased by 27,030.42% primarily due to an increase in the recovery of equity transfer payments from associated companies[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,214,262,159.59, an increase of 1.63% from the end of the previous year[8]. - The net assets attributable to shareholders decreased by 7.36% to ¥954,594,438.05 compared to the end of the previous year[8]. - The company reported a significant increase of 527.92% in accounts payable, amounting to ¥81,146,146.00 due to increased bank acceptance bills[15]. Operating Costs and Income - The company's gross profit margin was negatively impacted by a 42.40% increase in operating costs, totaling ¥245,249,381.55 for the quarter[16]. - The company received government subsidies totaling ¥1,416,975.00 during the reporting period, contributing to an 80.02% increase in non-operating income[9][16].