Hunan (SH:600476)2018-04-27 16:00Financial Performance - Operating revenue decreased by 4.90% to CNY 42,600,314.75 compared to the same period last year[7] - Net profit attributable to shareholders was CNY -6,348,163.98, a decrease of 1,069.85% year-on-year[7] - Basic and diluted earnings per share were both CNY -0.039, a decrease of 1,075.00% compared to the previous year[7] - The net loss for Q1 2018 was CNY 6,348,283.15, compared to a net profit of CNY 654,430.32 in Q1 2017[27] - Operating revenue for Q1 2018 was CNY 42,600,314.75, a decrease of 4.9% compared to CNY 44,796,972.13 in the same period last year[31] - Net profit for Q1 2018 was a loss of CNY 6,333,924.97, compared to a profit of CNY 669,270.37 in Q1 2017, indicating a significant decline[31] - The company reported an operating profit of CNY -6,314,130.06, a significant decline from CNY 405,430.36 in Q1 2017[27] - Total comprehensive income for Q1 2018 was a loss of CNY 6,333,924.97, compared to a gain of CNY 669,270.37 in the same quarter last year[32] Cash Flow - Cash flow from operating activities was CNY 10,664,122.97, a significant improvement from CNY -30,603,103.86 in the previous year[7] - Cash received from sales and services surged by 207.48% to ¥71,683,069.36, reflecting increased cash inflows during the reporting period[14] - Cash from loans received rose by 50.00% to ¥60,000,000.00, indicating an increase in borrowing during the reporting period[14] - Cash paid for dividends and interest increased by 66.60% to ¥1,815,520.81, driven by a larger average loan size[14] - The company received CNY 60,000,000.00 in cash from borrowings during Q1 2018, an increase from CNY 40,000,000.00 in Q1 2017[35] - Cash and cash equivalents at the end of Q1 2018 totaled CNY 55,617,417.37, up from CNY 22,516,009.67 at the end of Q1 2017[35] Assets and Liabilities - Total assets increased by 3.74% to CNY 424,510,509.73 compared to the end of the previous year[7] - Total current assets amounted to ¥347,638,321.56, up from ¥331,905,169.33 at the beginning of the year[19] - Total liabilities increased to ¥230,643,266.93 from ¥208,994,793.47, reflecting a rise in short-term borrowings[20] - Current liabilities rose to CNY 224,054,128.30, up from CNY 202,405,654.84 at the start of the year, reflecting a 10.1% increase[24] - The total equity decreased to CNY 199,718,439.22 from CNY 206,052,364.19, a decline of 3.2%[25] - Total liabilities increased to CNY 234,454,128.30 from CNY 212,805,654.84, reflecting a 10.2% increase[24] Expenses - Total operating costs increased to CNY 50,474,364.88, up 13.4% from CNY 44,391,541.77 in the same period last year[27] - Management expenses increased by 38.72% to ¥6,272,254.95 due to higher R&D expenditures during the reporting period[14] - Financial expenses rose by 53.10% to ¥1,742,311.67, primarily due to an increase in average loan size[14] - Tax payments increased by 387.30% to ¥7,684,476.25, mainly due to higher VAT payments from December 2017 production compared to December 2016[14] - Financial expenses for Q1 2018 were CNY 1,742,311.67, up from CNY 1,137,630.88 in the previous year, indicating a 53.2% increase[31] Shareholder Information - The number of shareholders reached 21,057, with the top ten shareholders holding a total of 75,842,720 shares, accounting for 46.31% of total shares[10] - The company received government subsidies amounting to CNY 1,507,500.00, closely related to its normal business operations[6] - The company reported a non-operating income of CNY 1,476,265.68, primarily from non-recurring gains[9] - The company reported other income of CNY 1,507,500.00 in Q1 2018, contributing to its overall financial performance[31]