上汽集团(600104) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders rose by 17.50% to CNY 9.71 billion year-on-year[6] - Operating revenue grew by 21.68% to CNY 238.83 billion compared to the same period last year[6] - Basic earnings per share increased by 15.26% to CNY 0.831[6] - Total operating revenue for Q1 2018 reached ¥238.83 billion, an increase of 21.6% compared to ¥196.28 billion in the same period last year[30] - Net profit for Q1 2018 was ¥14.04 billion, up 21.9% from ¥11.53 billion in Q1 2017[30] - Net profit attributable to shareholders of the parent company was ¥9.71 billion, up 17.5% from ¥8.26 billion year-over-year[31] - Total comprehensive income amounted to ¥13.20 billion, a rise of 12.0% from ¥11.78 billion in the prior year[31] Asset and Liability Changes - Total assets increased by 2.99% to CNY 745.15 billion compared to the end of the previous year[6] - Total assets as of March 31, 2018, amounted to CNY 745.15 billion, an increase from CNY 723.53 billion at the beginning of the year[22] - Total liabilities increased to ¥51.38 billion from ¥40.54 billion, reflecting a rise of 26.8%[27] - Goodwill increased by CNY 936 million due to the acquisition of Koito's equity[13] - Goodwill increased by CNY 936 million (129.38%) compared to the beginning of the year[15] - Short-term borrowings increased by CNY 10.84 billion due to business development needs[13] - Short-term borrowings increased by CNY 10.84 billion (68.94%) compared to the beginning of the year[15] Cash Flow Analysis - The net cash flow from operating activities decreased by 206.79% to -CNY 15.57 billion[6] - Net cash flow from operating activities decreased by CNY 10.49 billion (206.79%) year-on-year, mainly due to increased customer loans and advances[16] - The company reported a net cash outflow from operating activities of ¥15.57 billion, worsening from a net outflow of ¥5.07 billion in the same quarter last year[35] - The total cash inflow from operating activities was ¥249.08 billion, compared to ¥192.42 billion in the same period last year, marking a 29.4% increase[35] - The net cash flow from financing activities decreased by CNY 10.53 billion (47.54%) year-on-year, due to reduced cash from private placement of shares[17] - Cash inflow from financing activities totaled CNY 11,330,000,000.00, down from CNY 16,359,499,980.80 in the previous year, reflecting a decrease of approximately 30.8%[39] Investment and Financial Activities - The acquisition of 50% equity in Shanghai Koito Co., Ltd. by subsidiary Huayu Automotive Systems Co., Ltd. contributed significantly to the profit increase[6] - Financial expenses increased by CNY 356 million (948.95%) year-on-year, primarily due to new borrowings for business development[15] - Asset impairment losses rose by CNY 162 million (85.14%) year-on-year, mainly due to increased loan impairment provisions from a subsidiary[15] - Non-operating income increased by CNY 344 million (209.30%) year-on-year, attributed to gains from equity acquisitions by a subsidiary[15] - The company incurred financial expenses of ¥151 million, a significant change from a financial income of ¥331 million in the previous year[34] Operational Costs and Income - The company reported a total operating cost of ¥232.02 billion, up from ¥191.14 billion, reflecting a year-over-year increase of 21.4%[30] - The company’s investment income for Q1 2018 was ¥8.61 billion, compared to ¥7.59 billion in the previous year, an increase of 13.4%[30] - Investment income for the quarter was ¥6.47 billion, slightly down from ¥6.90 billion year-over-year[34] - The company’s sales expenses rose to ¥1.81 billion, up from ¥1.13 billion, indicating a 61.5% increase year-over-year[33] Cash and Equivalents - Cash and cash equivalents rose to ¥72.66 billion, up from ¥67.15 billion, indicating a growth of 8.5%[25] - The ending balance of cash and cash equivalents was CNY 72,646,246,906.36, up from CNY 67,827,495,389.40 year-over-year[39] - The company’s cash and cash equivalents increased by CNY 5,500,148,075.98, compared to an increase of CNY 12,286,288,758.75 in the previous year[39]