ZJDR(SH:600113)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 21.93% to CNY 17,255,112.40 year-on-year[8] - Operating revenue rose by 15.92% to CNY 74,148,233.65 compared to the same period last year[8] - Basic earnings per share increased by 25.00% to CNY 0.05 per share[8] - Total operating revenue for Q1 2018 was CNY 74,148,233.65, an increase of 16.8% compared to CNY 63,965,936.25 in the same period last year[31] - Net profit for Q1 2018 reached CNY 17,545,569.74, representing a 23.0% increase from CNY 14,218,648.17 in Q1 2017[31] - The total comprehensive income for Q1 2018 was CNY 17,545,569.74, an increase from CNY 14,218,648.17 in Q1 2017[32] Asset and Liability Changes - Total assets decreased by 0.84% to CNY 994,302,352.89 compared to the end of the previous year[8] - Total current assets decreased to 209,054,099.75 from 214,345,296.49 at the beginning of the year[21] - Total liabilities decreased to 309,515,256.27 from 335,532,323.77, reflecting a reduction in financial obligations[23] - The total liabilities as of the end of Q1 2018 amounted to CNY 137,891,411.14, an increase from CNY 125,235,989.62 in the previous year[31] - The total equity for Q1 2018 was CNY 585,266,415.99, slightly up from CNY 584,285,096.23 in Q1 2017[31] Cash Flow Analysis - Cash flow from operating activities showed a net outflow of CNY 5,436,075.98, compared to a net inflow of CNY 23,222,865.09 in the same period last year[8] - Operating cash flow for the current period was -5,436,075.98, a significant decrease compared to 23,222,865.09 in the same period last year[17] - Investment cash flow for the current period was -2,839,534.16, down from 5,208,705.84 in the previous year, attributed to increased fixed asset purchases[17] - Financing cash flow was -6,034,647.99, slightly improved from -7,137,018.60 in the previous year, due to repayment of bank loans and interest expenses[17] - The net increase in cash and cash equivalents was CNY -14,310,258.13, compared to an increase of CNY 21,294,552.33 in the previous period[41] Inventory and Prepayments - Prepayments increased by 126.28% to CNY 1,473,881.88 due to increased procurement prepayments[14] - Inventory rose by 146.75% to CNY 9,091,598.81 as a result of increased stock at the distribution company[14] - Inventory increased significantly to 9,091,598.81 from 3,684,488.54, suggesting potential overstocking or increased production[21] Expense Trends - Sales expenses increased by 30.18% to CNY 2,507,204.06 due to increased business activities at the distribution company[16] - The company’s sales expenses increased to CNY 2,507,204.06 in Q1 2018, up from CNY 1,925,958.29 in Q1 2017[31] - The company’s management expenses rose to CNY 6,410,040.09 in Q1 2018, compared to CNY 5,905,598.19 in the same period last year[31] Other Income and Investments - Other income from operations surged by 633.55% to CNY 18,889.20, attributed to revenue from waste cardboard at the distribution company[16] - The company reported an investment income of CNY 856,048.03 in Q1 2018, with no comparable figure from the previous year[31] - The company plans to increase investment in Dalian Wancheng Logistics Park Co., Ltd. by 150 million RMB[17] Audit and Compliance - The company is currently undergoing an audit and evaluation for its 2018 equity issuance plan, pending approval from relevant authorities[18]