中核科技(000777) - 2018 Q1 - 季度财报

Important Notice The board, supervisory board, and management collectively affirm the truthfulness, accuracy, and completeness of this quarterly report and its financial statements - The company's board of directors, supervisory board, and all senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions, and assume corresponding legal responsibilities[4] - The company's responsible person, chief financial officer, and head of the accounting department all declare the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[5] Basic Company Information In Q1 2018, operating revenue grew 50.27% to 161 million yuan with a net loss of 15.7 million yuan, and the company had 82,897 shareholders with concentrated ownership Key Accounting Data and Financial Indicators In Q1 2018, operating revenue grew 50.27% to 161 million yuan, but net profit attributable to shareholders was -15.7 million yuan, and operating cash flow significantly deteriorated to -109 million yuan Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 160,959,828.32 | 107,110,925.40 | 50.27% | | Net Profit Attributable to Shareholders (Yuan) | -15,695,141.10 | -13,360,706.34 | -17.47% | | Net Cash Flow from Operating Activities (Yuan) | -109,263,149.80 | -32,772,574.69 | -233.40% | | Basic Earnings Per Share (Yuan/Share) | -0.0409 | -0.0348 | -17.53% | | Weighted Average Return on Net Assets | -1.24% | -1.05% | -0.19% | | Total Assets (Yuan) | 2,060,745,394.31 | 2,066,228,575.32 | -0.27% (compared to end of previous year) | | Net Assets Attributable to Shareholders (Yuan) | 1,261,477,007.94 | 1,277,777,648.59 | -1.28% (compared to end of previous year) | Non-Recurring Gains and Losses Items | Item | Amount from Year Start to End of Reporting Period (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 43,049.10 | | Government Grants Included in Current Profit/Loss | 2,865,762.86 | | Other Gains/Losses Meeting Non-Recurring Definition | 92,244.56 | | Less: Income Tax Impact | 450,158.48 | | Total | 2,550,898.04 | Shareholder Information As of Q1 2018, the company had 82,897 common shareholders, with the top two state-owned entities holding a concentrated 27.25% of shares - At the end of the reporting period, the total number of common shareholders was 82,897[11] Top Three Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | China National Nuclear Corporation Suzhou Valve Factory | State-owned Legal Entity | 17.92% | 68,715,360 | | China National Nuclear Corporation | State-owned Legal Entity | 9.33% | 35,753,819 | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Entity | 2.65% | 10,152,600 | - The company's controlling shareholder, China National Nuclear Corporation, is the actual controller of the largest shareholder, CNNC Suzhou Valve Co., Ltd., establishing an associated relationship[12] Significant Events The company experienced revenue growth alongside surging financial expenses, with significant events including controlling shareholder reorganization approval and high-tech enterprise re-certification Analysis of Major Financial Data Changes The company experienced 50.27% operating revenue growth, but financial expenses surged 3321.32% due to exchange losses and borrowings, while monetary funds decreased 50.68%, increasing cash flow pressure Major Balance Sheet Item Changes | Item | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | | Monetary Funds | -50.68% | Decrease in cash receipts from sales collection and increase in cash payments for purchases | | Other Current Assets | 791.42% | Increase in input VAT credit | | Construction in Progress | 219.54% | Increase in uncompleted construction projects | Major Income Statement Item Changes | Item | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 50.27% | Significant year-on-year increase in sales orders leading to higher delivery volumes | | Financial Expenses | 3321.32% | Significant increase in exchange losses due to USD depreciation and increased interest expenses on bank borrowings | | Investment Income | 34.17% | Increase in investment income from associate companies accounted for using the equity method | Major Cash Flow Statement Item Changes | Item | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | -39.53% | Increase in accounts receivable and higher proportion of bank acceptance bills in cash collection | | Cash Paid for Acquisition of Fixed Assets and Other Assets | 162.14% | Increase in acquisition of fixed assets | | Impact of Exchange Rate Changes on Cash | -2061.75% | Significant increase in exchange losses due to USD depreciation | Progress of Significant Events Key developments include the approval of the controlling shareholder's strategic reorganization, successful high-tech enterprise re-certification, and revisions to corporate governance documents - The strategic reorganization between controlling shareholder China National Nuclear Corporation and China Nuclear Engineering & Construction Corporation received approval[20] - The company successfully passed its high-tech enterprise re-certification and obtained the certificate[20] - The company revised its Articles of Association, Rules of Procedure for Shareholders' Meetings, Rules of Procedure for Board Meetings, and Rules of Procedure for Supervisory Board Meetings[20] Fulfillment of Commitments No unfulfilled commitments beyond the due date were reported by the company or related parties during the period, indicating good compliance - The company reported no unfulfilled commitments beyond the due date by relevant parties during the reporting period[21] Half-Year Performance Forecast The company did not issue a performance forecast for January-June 2018, nor any warnings regarding potential losses or significant changes - The company did not provide a forecast for its operating performance for January-June 2018[22] Securities Investment The company did not engage in any securities investment activities during the reporting period - The company did not engage in securities investment during the reporting period[23] Derivative Investment The company did not engage in any derivative investment activities during the reporting period - The company did not engage in derivative investment during the reporting period[24] Investor Relations Activities In Q1 2018, the company communicated with individual investors via phone, addressing concerns about controlling shareholder reorganization, performance, and stock price Summary of Investor Communication Activities | Reception Time | Reception Method | Reception Object | Research Topic | | :--- | :--- | :--- | :--- | | January-February 2018 | Telephone Communication | Individual | Controlling shareholder reorganization, company performance, order status, reasons for stock price decline, operating conditions | Irregular External Guarantees The company reported no irregular external guarantees during the reporting period - The company reported no irregular external guarantees during the reporting period[26] Controlling Shareholder Fund Occupation No non-operating fund occupation by the controlling shareholder or related parties was reported during the period - The company reported no non-operating fund occupation by its controlling shareholder or related parties during the reporting period[27]