中国卫星(600118) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 1,273,926,536.28, representing a 13.63% increase year-on-year[6] - Net profit attributable to shareholders was CNY 60,073,211.74, up 3.27% from the same period last year[6] - Basic and diluted earnings per share remained stable at CNY 0.05[6] - The total operating revenue for Q1 2018 was CNY 1,273,926,536.28, representing an increase of 13.6% compared to CNY 1,121,148,734.74 in the same period last year[40] - The net profit for Q1 2018 was CNY 67,635,517.50, which is a 10.5% increase from CNY 61,353,519.89 in Q1 2017[40] - The profit attributable to shareholders of the parent company was CNY 60,073,211.74, compared to CNY 58,168,313.47 in the previous year, reflecting a growth of 3.3%[40] Cash Flow - Cash flow from operating activities improved by 52.86%, with a net outflow of CNY 173,777,138.44 compared to a larger outflow in the previous year[6] - The net cash flow from operating activities was -173,777,138.44 RMB, an improvement from -368,620,593.10 RMB in the previous period, indicating a reduction in cash outflow[45] - Cash received from the sale of goods and services increased to 575,796,220.50 RMB from 327,848,579.88 RMB, reflecting a growth of approximately 75.6%[45] - The total cash inflow from operating activities was 600,000,696.02 RMB, compared to 350,943,354.25 RMB in the prior period, marking a significant increase of about 70.8%[45] - Cash outflow for purchasing goods and services decreased slightly to 378,222,069.55 RMB from 391,968,264.55 RMB, a reduction of about 3.5%[45] - The cash flow from investing activities showed a net outflow of -23,132,604.79 RMB, improving from -75,263,511.54 RMB in the previous period[45] - Cash inflow from investment activities was 16,000.00 RMB, a notable increase from 700.00 RMB in the prior period[45] - Cash inflow from financing activities totaled 122,462,303.42 RMB, down from 138,047,489.17 RMB, reflecting a decrease of approximately 11.4%[45] - The net cash flow from financing activities was -4,195,645.95 RMB, an improvement from -168,175,865.82 RMB in the previous period[45] - The ending cash and cash equivalents balance was 2,398,764,066.99 RMB, down from 3,143,332,377.04 RMB, indicating a decrease of about 23.7%[45] - The company reported a net increase in cash and cash equivalents of -201,105,389.18 RMB, compared to -612,059,970.46 RMB in the previous period, showing a significant improvement[45] Assets and Liabilities - Total assets increased by 4.54% to CNY 10,186,058,924.67 compared to the end of the previous year[6] - The company reported a significant increase in inventory, which rose by 35.23% to ¥1,493,677,534.45, attributed to rising costs in satellite application projects[14][19] - The company’s total liabilities increased by 25.71% in accounts payable, reaching ¥2,375,932,988.77, up from ¥1,890,077,984.83[14] - The company's total liabilities as of March 31, 2018, were 3.79 billion RMB, compared to 3.42 billion RMB at the beginning of the year[34] - The company's equity attributable to shareholders increased to 5.25 billion RMB from 5.18 billion RMB at the beginning of the year[34] Shareholder Information - The total number of shareholders reached 147,378 by the end of the reporting period[10] - The largest shareholder, China Academy of Space Technology, holds 51.46% of the shares[11] Government Support - The company received government subsidies amounting to CNY 12,097,866.37 during the reporting period[8] Other Financial Metrics - The weighted average return on equity decreased by 0.03 percentage points to 1.15%[6] - Non-recurring gains and losses totaled CNY 7,772,145.42 for the quarter[8] - The company’s management expenses increased by 31.65% to ¥88,083,194.08, primarily due to higher labor costs and R&D expenses[14][16] - Investment income saw a drastic decline of 1230.87%, resulting in a loss of ¥1,529,519.59 compared to a profit of ¥135,251.48 in Q1 2017[14][16] - The company’s fixed assets decreased slightly by 1.95% to ¥1,227,725,179.32, down from ¥1,252,094,629.85[14]