东安动力(600178) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue fell by 42.77% to CNY 313,088,321.23 year-on-year [12] - Net profit attributable to shareholders decreased by 84.27% to CNY 3,758,229.55 compared to the same period last year [12] - The company's operating revenue for Q1 2018 was CNY 313,088,321.23, a decrease of 42.7% compared to CNY 547,048,223.09 in the same period last year [24] - The net profit for Q1 2018 was CNY 3,758,229.55, down 84.3% from CNY 23,889,580.20 in Q1 2017 [24] - The basic and diluted earnings per share for Q1 2018 were CNY 0.0081, down from CNY 0.0517 in Q1 2017, indicating a significant decline in profitability per share [24] Asset and Liability Changes - Total assets decreased by 7.15% to CNY 3,541,141,770.24 compared to the end of the previous year [8] - The total assets as of March 31, 2018, were CNY 3,541,141,770.24, a decrease from CNY 3,813,642,412.24 at the beginning of the year [22] - The total liabilities decreased to CNY 1,660,227,533.60 from CNY 1,937,187,746.05 at the beginning of the year, indicating a reduction in financial obligations [22] - The company's short-term borrowings decreased by 35.23% to CNY 250,000,000.00 [14] - The company reported a decrease in short-term borrowings to CNY 250,000,000.00 from CNY 386,000,000.00 at the beginning of the year, reflecting a reduction in debt [22] Cash Flow Analysis - Cash flow from operating activities increased significantly by 694.12% to CNY 169,466,298.96 [15] - The net cash flow from operating activities increased significantly to $169,466,298.96, compared to $21,340,167.66 in the previous period, marking a growth of approximately 694% [26] - Cash inflow from sales of goods and services reached $712,629,587.00, up from $672,598,519.27, reflecting an increase of about 5.5% [26] - Cash outflow for purchasing goods and services decreased to $471,176,620.73 from $578,771,239.17, a reduction of approximately 18.6% [26] - The net cash flow from financing activities was negative at -$140,634,572.92, compared to -$1,201,704.36 in the previous period, indicating a significant increase in cash outflow [27] Government Support and Commitments - The company received government subsidies amounting to CNY 2,000,000.00 during the reporting period [8] - The company has two unfulfilled commitments, one related to competition and another regarding Harbin Hafei Automobile, with no new developments reported [18] - The company anticipates a potential significant change in cumulative net profit compared to the same period last year, but specific forecasts were not provided [18] Inventory and Cash Management - The company's cash and cash equivalents increased to CNY 155,540,257.85 from CNY 80,761,021.95 at the beginning of the year, showing improved liquidity [21] - The company's inventory as of March 31, 2018, was CNY 228,108,422.72, slightly up from CNY 220,665,190.50 at the beginning of the year [21] - The ending cash and cash equivalents balance was $101,914,804.55, compared to $123,688,575.83 in the previous period, showing a decrease of approximately 17.6% [27] - Cash outflow for the acquisition of fixed assets and other long-term assets was $6,392,851.31, down from $27,282,064.84, a decrease of about 76.6% [26] - The cash paid for taxes increased to $12,489,737.22 from $5,756,293.17, reflecting an increase of approximately 117.0% [26] Pre-receivables and Investment Activities - The company reported a significant increase in pre-receivables by 482.90% to CNY 6,821,238.26 [14] - The cash flow from investment activities showed a net outflow of CNY 6,392,851.31 [15] - The net cash flow from investment activities remained negative at -$6,392,851.31, an improvement from -$27,282,064.84 in the previous period [26]