Sytech(SH:600183)2018-04-25 16:00Financial Performance - Operating revenue for the year-to-date was CNY 2,828,271,449.20, an increase of 18.87% year-on-year[7] - Net profit attributable to shareholders was CNY 249,364,274.31, a decrease of 12.19% compared to the same period last year[7] - The weighted average return on net assets decreased by 1.41 percentage points to 4.06%[7] - Total operating revenue for Q1 2018 was CNY 2,828,271,449.20, an increase of 18.86% compared to CNY 2,379,391,487.58 in the same period last year[23] - Net profit for Q1 2018 was CNY 260,669,865.24, a decrease of 10.27% from CNY 290,600,633.66 in Q1 2017[24] - The company's operating revenue for the current period reached ¥1,738,212,533.12, an increase of 23.9% compared to ¥1,403,318,429.43 in the previous period[26] - Net profit for the current period was ¥569,821,974.51, representing a significant increase of 165.7% from ¥214,535,632.01 in the previous period[27] - Total profit for the current period was ¥599,362,304.91, compared to ¥248,903,887.62 in the previous period, marking a 140.5% increase[26] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 41,369,414.87, down 54.51% year-on-year[7] - Net cash flow from operating activities decreased by 54.51% to ¥41,369,414.87, attributed to increased cash payments for goods and employee compensation[15] - The net cash flow from operating activities for Q1 2018 was -34,312,746.55 RMB, a decrease from 128,795,126.84 RMB in the previous period[30] - Total cash inflow from operating activities was 1,351,784,736.39 RMB, compared to 1,332,114,370.40 RMB in the prior period, indicating a slight increase[30] - Cash outflow from operating activities totaled 1,386,097,482.94 RMB, up from 1,203,319,243.56 RMB year-over-year[30] - The cash flow from financing activities showed a net outflow of ¥319,035,412.73, contrasting with a net inflow of ¥189,955,441.70 in the previous period[29] - The net cash flow from financing activities was -363,060,226.85 RMB, a decline from 122,058,529.29 RMB in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,785,006,869.30, a decrease of 0.44% compared to the end of the previous year[7] - The company's total liabilities decreased by 4.82% to ¥6,112,588,453.47 compared to the previous year[19] - Total liabilities decreased to CNY 4,084,613,966.91 in Q1 2018 from CNY 4,283,148,848.16 at the start of the year, representing a reduction of 4.64%[21] - The company's total equity increased to CNY 5,864,380,379.27 as of March 31, 2018, up from CNY 5,288,149,216.79 at the beginning of the year, reflecting a growth of 10.89%[22] Shareholder Information - The number of shareholders at the end of the reporting period was 51,467[11] - The top shareholder, Dongguan Guohong Investment Co., Ltd., held 15.81% of the shares[11] Other Financial Metrics - Financial expenses increased by 59.58% to ¥35,777,080.48 due to the accrual of convertible bond interest expenses[14] - Asset impairment losses decreased by 119.68% to -¥897,911.59, primarily due to reduced inventory impairment losses from a subsidiary[14] - Fair value changes resulted in a loss of -¥6,436,005.60, a decrease of 373.98% compared to the previous year[14] - Other comprehensive income showed a significant decline, with a loss of -¥19,237,510.18 compared to -¥6,193,891.00 in the previous year[19] - Basic earnings per share for Q1 2018 were CNY 0.17, down from CNY 0.20 in the same period last year[24] - Basic and diluted earnings per share were both ¥0.39, up from ¥0.15 in the previous period, indicating a 160% increase[27] Inventory and Receivables - The company's construction in progress increased by 31.24% to CNY 387,637,703.47 due to ongoing projects[13] - The accounts receivable increased by 54.77% to CNY 931,171,801.02, primarily due to more customers settling payments with notes[13] - Prepayments decreased by 50.24% to CNY 3,551,357.79, mainly due to the write-off of previous material payments[13] - Inventory rose to CNY 895,666,868.93, up 25.92% from CNY 711,042,594.07 at the beginning of the year[21]