亚邦股份(603188) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 38.49% to CNY 113,495,522.70 year-on-year[6] - Operating revenue declined by 22.69% to CNY 647,849,874.47 compared to the same period last year[6] - Basic earnings per share dropped by 38.50% to CNY 0.1970[6] - Total revenue for Q1 2018 was CNY 647,849,874.47, a decrease of 22.7% compared to CNY 837,995,788.57 in the same period last year[32] - Operating profit for Q1 2018 was CNY 31,452,383.37, down 57.0% from CNY 73,044,012.92 year-over-year[37] - Net profit for Q1 2018 was CNY 25,801,378.45, a decline of 57.5% compared to CNY 60,735,816.91 in the previous year[37] - The total profit for Q1 2018 was CNY 31,399,690.68, down 56.9% from CNY 72,882,521.25 year-over-year[37] Asset and Liability Changes - Total assets decreased by 4.59% to CNY 5,059,739,793.87 compared to the end of the previous year[6] - Current liabilities increased significantly to CNY 1,781,339,232.47 from CNY 1,259,463,655.99, indicating a rise of 41.3%[25] - Total liabilities rose to CNY 1,867,292,412.53 from CNY 1,316,622,545.66, reflecting an increase of 42%[26] - Owner's equity decreased to CNY 3,192,447,381.34 from CNY 3,986,381,622.36, a decline of 19.9%[26] - Non-current assets totaled CNY 3,044,293,241.54, slightly down from CNY 3,052,925,301.38 at the beginning of the year[25] Cash Flow Analysis - Cash flow from operating activities increased by 26.02% to CNY 105,767,873.12 year-on-year[6] - Cash inflow from operating activities for Q1 2018 was CNY 499,310,154.13, down from CNY 616,865,060.70 in the previous period, representing a decrease of approximately 19%[40] - Net cash flow from operating activities was CNY 105,767,873.12, an increase from CNY 83,931,718.94 in the previous period, indicating a growth of about 26%[40] - Cash inflow from financing activities totaled CNY 422,689,791.66, up from CNY 141,000,000.00 in the previous period, marking an increase of about 200%[41] - Net cash flow from financing activities was CNY 224,472,403.91, compared to -CNY 12,085,597.21 in the previous period, indicating a significant turnaround[41] Operational Challenges - The company faced production interruptions due to safety and environmental upgrades, leading to decreased sales revenue[7] - Non-recurring losses totaled CNY -2,616,545.75, primarily from fixed asset disposal losses and other operational impacts[9][10] Shareholder Information - The total number of shareholders reached 34,506, with the largest shareholder holding 28.84% of shares[12] Investment Activities - The company acquired 70.60% of Jiangsu Henglong Crop Protection Co., Ltd., impacting financial reporting due to consolidation adjustments[7] - Cash and cash equivalents decreased by 30.10% to RMB 328,693,633.65 due to payments for equity acquisition of Jiangsu Henglong Crop Protection Co., Ltd.[14] - Investment cash flow net amount decreased by 903.55% to RMB -419,184,700.10, primarily due to cash payments for the acquisition of Jiangsu Henglong Crop Protection Co., Ltd.[16] Expense Management - Management expenses increased by 40.32% to RMB 126,889,553.61, mainly due to costs associated with the upgrade and renovation of production facilities.[15] - Financial expenses rose by 113.38% to RMB 12,760,243.38, primarily due to increased foreign exchange losses compared to the same period last year.[15] - The company reported a 43.84% decrease in income tax to RMB 23,255,896.36, mainly due to a decline in profits.[16] Inventory and Receivables - Accounts receivable stood at CNY 303,211,385.97, down from CNY 327,052,412.17, indicating a decrease of approximately 7.3%[24] - Inventory decreased to CNY 648,073,539.29 from CNY 744,991,040.02, showing a decline of about 13.0%[24] - Accounts receivable increased to CNY 359,399,326.15 from CNY 269,648,778.03, an increase of 33.2%[28] - Inventory decreased to CNY 285,921,109.47 from CNY 319,320,613.56, a decline of 10.4%[29] Compliance and Governance - The company has committed to not engaging in any competitive activities that may harm its business interests, ensuring compliance with non-competition agreements[20] - The company is focused on maintaining fair and transparent related-party transactions, ensuring adherence to market principles[20] - There are no significant changes expected in net profit compared to the previous year, indicating stability in financial performance[21]