YTCO(SH:600066)2018-04-24 16:00Financial Performance - Operating revenue increased by 20.44% to CNY 4.66 billion year-on-year[5] - Net profit attributable to shareholders decreased by 6.81% to CNY 294.70 million[5] - Total operating revenue for Q1 2018 reached ¥4,659,150,474.48, an increase of 21% compared to ¥3,868,458,647.20 in the same period last year[26] - Net profit for Q1 2018 was ¥298,025,949.08, down 9% from ¥327,368,736.91 in Q1 2017[26] - The company reported a gross profit margin of approximately 6.06% for Q1 2018, compared to 5.67% in Q1 2017[26] - Earnings per share for Q1 2018 was ¥0.13, down from ¥0.14 in the same period last year[26] Asset and Liability Changes - Total assets decreased by 1.62% to CNY 35.58 billion compared to the end of the previous year[5] - Total assets as of March 31, 2018, amounted to ¥34,099,295,139.51, slightly up from ¥34,059,246,113.25 at the beginning of the year[23] - Current assets totaled ¥24,469,975,737.19, showing a marginal increase from ¥24,390,365,673.78 at the start of the year[23] - Total current liabilities decreased from CNY 18,652,062,045.65 to CNY 16,650,049,613.59, reflecting a reduction in short-term financial obligations[20] - The total liabilities decreased to ¥18,769,457,280.71 from ¥18,992,902,503.55 at the beginning of the year[23] Cash Flow Analysis - Net cash flow from operating activities improved by 32.31%, reaching -CNY 2.26 billion[5] - The net cash flow from operating activities was -2,256,500,183.40 RMB, an improvement from -3,333,736,415.58 RMB in the previous period, indicating a reduction in cash outflow[32] - Cash inflow from operating activities totaled 5,759,928,586.88 RMB, compared to 5,632,273,981.00 RMB in the prior period, reflecting a year-over-year increase of approximately 2.26%[32] - Cash outflow from operating activities decreased to 8,016,428,770.28 RMB from 8,966,010,396.58 RMB, showing a reduction of about 10.59%[32] - The net cash flow from investing activities was 1,215,918,047.90 RMB, down from 1,851,468,281.08 RMB in the previous period, indicating a decline of approximately 34.3%[32] - Cash inflow from investing activities decreased to 1,785,442,479.25 RMB from 3,162,988,451.04 RMB, a drop of about 43.5%[32] - The net cash flow from financing activities was 2,034,855,679.38 RMB, a turnaround from -4,903,224.78 RMB in the prior period, indicating a substantial improvement[32] Shareholder Information - The total number of shareholders reached 51,163[9] - The largest shareholder, Zhengzhou Yutong Group Co., Ltd., holds 37.19% of the shares[9] - The total equity attributable to shareholders rose from CNY 15,499,737,418.83 to CNY 15,794,680,438.10, reflecting a growth in shareholder value[20] Borrowing and Financial Expenses - Short-term borrowings increased by 101.33% to CNY 1.55 billion[11] - Financial expenses surged by 306.17% to CNY 85.12 million[12] - Short-term loans increased to CNY 1,550,543,200.00 from CNY 770,145,800.00, indicating a significant rise in borrowing[19] Liquidity Position - Cash and cash equivalents increased by 40.33% to CNY 3.49 billion[11] - The company's cash and cash equivalents increased to CNY 3,490,986,477.00 from CNY 2,487,707,386.22, showing improved liquidity[19] - The total cash and cash equivalents at the end of the period were 2,934,317,124.67 RMB, down from 4,079,804,644.49 RMB, reflecting a decrease of approximately 28.1%[32] - The company reported a cash inflow of 5,568,914,384.00 RMB from sales, slightly up from 5,463,223,784.17 RMB, representing an increase of about 1.0%[32] Future Outlook - The company plans to continue expanding its market presence and invest in new product development to drive future growth[26]