TOYOU(300302)2018-04-19 16:00Financial Performance - Total operating revenue for Q1 2018 was CNY 112,249,087.20, an increase of 62.96% compared to CNY 68,879,895.12 in the same period last year[7] - Net profit attributable to shareholders was CNY 12,751,832.85, up 8.24% from CNY 11,780,733.41 year-on-year[7] - Net profit excluding non-recurring gains and losses reached CNY 12,359,686.29, representing a 26.63% increase from CNY 9,760,091.25 in the previous year[7] - Basic earnings per share increased to CNY 0.0303, reflecting an 8.21% rise from CNY 0.0280[7] - The company's operating revenue for Q1 2018 was RMB 112,249,087.20, representing a 62.96% increase compared to RMB 68,879,895.12 in Q1 2017[24] - The company's total profit for Q1 2018 was CNY 14,586,760.76, compared to CNY 13,403,804.38 in Q1 2017, indicating a growth of 8.8%[54] - The total comprehensive income for Q1 2018 was CNY 10,958,390.27, down from CNY 12,535,134.20 in Q1 2017, reflecting a decrease of 12.6%[54] Cash Flow and Assets - The net cash flow from operating activities improved to -CNY 37,974,487.60, a 21.32% reduction in losses compared to -CNY 48,262,035.92 in the same period last year[7] - The company's cash and cash equivalents decreased to RMB 204,706,642.16 from RMB 255,180,053.95 at the beginning of the period, representing a decline of approximately 19.7%[44] - The company's cash flow from operating activities saw a significant increase, with payments for goods and services rising by 34.22% to RMB 95,149,657.32 from RMB 70,888,211.15[24] - Total cash inflow from operating activities was 113,081,194.12 CNY, while cash outflow was 151,055,681.72 CNY, resulting in a net cash flow of -37,974,487.60 CNY[61] - The ending balance of cash and cash equivalents was 204,686,642.16 CNY, down from 255,160,053.95 CNY at the beginning of the period[62] - The total assets at the end of the reporting period were CNY 884,244,983.75, a decrease of 3.85% from CNY 919,652,206.57 at the end of the previous year[7] Investment and R&D - The company plans to enhance its R&D capabilities to keep pace with rapid technological advancements in the storage industry[10] - The company has increased its investment in core software self-development to reduce reliance on equipment investment[34] - The company has completed 76.19% of the investment in the NetStor product capacity expansion project[33] - The R&D center construction project has achieved 94.03% of its investment target[33] - The company is focusing on enhancing product quality and reliability to meet the increasing demands of the domestic storage market[34] Marketing and Strategy - The company aims to expand its marketing coverage and focus on key industries to mitigate risks associated with customer procurement fluctuations[12] - The company is focusing on expanding its presence in key industries such as finance, telecommunications, and energy, while optimizing its sales network and marketing channels[26] - The company has implemented a strategy centered on "all-flash, cloud computing architecture, and self-controllable" to drive business growth[26] - The marketing service network project aims to standardize service and solution promotion, improving overall product sales and service efficiency[34] Financial Management - The company is committed to prudent decision-making in new business ventures to minimize investment risks associated with market changes[14] - The company has taken a cautious approach to investment risks associated with the NetStor project due to delays in facility delivery and acceptance[34] - The company has implemented a prudent approach in managing its fundraising, leading to cost savings in project investments[36] - The company has no violations regarding external guarantees during the reporting period[39] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[40]