HZSY(SH:600191)2019-04-29 16:00Financial Performance - Operating revenue surged by 872.58% to CNY 9,707,795.15 from CNY 998,146.66 year-on-year[6] - Net profit attributable to shareholders reached CNY 64,270,951.63, a 415.90% increase from a loss of CNY 20,345,342.30 in the same period last year[6] - Basic earnings per share rose to CNY 0.1325, up 415.48% from a loss of CNY 0.0420 per share[6] - Operating profit for Q1 2019 was ¥64,264,398.23, compared to a loss of ¥20,347,726.95 in Q1 2018, marking a turnaround in profitability[27] - Net profit for Q1 2019 was ¥64,270,951.63, a recovery from a net loss of ¥20,352,131.18 in Q1 2018[27] - Comprehensive income for Q1 2019 totaled ¥118,465,786.63, compared to a loss of ¥26,023,683.68 in Q1 2018, reflecting a strong recovery[28] - The company's operating revenue for Q1 2019 was 9,489,348.55, a significant increase from 126,913.45 in Q1 2018, representing a growth of approximately 7,373.5%[31] - The net profit for Q1 2019 reached 65,604,884.32, compared to a net loss of 19,901,221.00 in Q1 2018, indicating a turnaround in profitability[32] - The total comprehensive income for Q1 2019 was 119,799,719.32, contrasting with a total comprehensive loss of 25,572,773.50 in the same period last year[32] Assets and Liabilities - Total assets increased by 6.36% to CNY 2,251,917,793.86 compared to the end of the previous year[6] - The total assets of the company as of March 31, 2019, were ¥2,251,917,793.86, up from ¥2,117,356,856.06 at the end of 2018[20] - The total liabilities amounted to ¥304,356,240.33, compared to ¥288,261,089.16 at the end of 2018[20] - Total assets increased to ¥2,399,325,494.45 in Q1 2019 from ¥2,262,912,372.08 in Q1 2018, showing a growth of approximately 6.0%[23] - Total liabilities rose to ¥391,225,875.07 in Q1 2019, compared to ¥374,612,472.02 in Q1 2018, an increase of about 4.0%[23] - The total liabilities were 288,261,089.16 RMB, with current liabilities at 154,280,758.44 RMB and non-current liabilities at 133,980,330.72 RMB[41] Cash Flow - The company reported a net cash flow from operating activities of -CNY 9,587,911.66, compared to -CNY 4,468,429.06 in the previous year, indicating a worsening cash flow situation[6] - The net cash flow from operating activities was -¥9,587,911.66, a decline of 114.57% compared to -¥4,468,429.06 in the same period last year[12] - The cash flow from operating activities for Q1 2019 was -9,587,911.66, worsening from -4,468,429.06 in Q1 2018, highlighting ongoing cash flow challenges[33] - The total cash and cash equivalents at the end of the period were 30,641,694.19 RMB, down from 36,846,920.98 RMB at the beginning of the period, showing a decrease of approximately 16.5%[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,372[10] - The top three shareholders, including Baotou Grassland Sugar Industry Group, hold a combined 54.32% of the shares, indicating significant ownership concentration[10] Operational Insights - The increase in operating revenue and costs was primarily due to the increase in sugar sales by the parent company[12] - The company is focusing on improving cash flow management and operational efficiency to address the negative cash flow from operating activities reported[33] - The company has not disclosed any new product or technology developments in this report[6] - There are no mentions of market expansion or mergers and acquisitions in the current report[6] Financial Position - The total equity attributable to shareholders was ¥1,947,561,553.53, an increase from ¥1,829,095,766.90 at the end of 2018[20] - Cash and cash equivalents decreased to ¥35,874,514.02 from ¥42,120,153.97 at the end of 2018[17] - The company's inventory stood at ¥5,614,355.89, slightly down from ¥5,615,739.87 in the previous year[18] - The company executed new financial instrument standards, which impacted the financial statements starting from January 1, 2019[38] - The report does not include an audit report, indicating it may not be applicable for this period[45]