SMHC(SH:600131)2018-04-25 16:00Financial Performance - Operating revenue rose by 44.26% to CNY 225,524,725.82 year-on-year[8] - Net profit attributable to shareholders increased by 1,359.16% to CNY 36,902,893.26 compared to the same period last year[8] - The weighted average return on equity increased by 2.92 percentage points to 3.16%[8] - Total operating revenue for Q1 2018 was CNY 225,524,725.82, an increase of 44.2% compared to CNY 156,330,789.77 in the same period last year[35] - Net profit for Q1 2018 reached CNY 35,195,264.96, a significant increase from CNY 790,444.06 in Q1 2017, representing a growth of 4,346.5%[36] - The profit attributable to shareholders of the parent company was CNY 36,902,893.26, compared to CNY 2,529,052.79 in the previous year, marking a growth of 1,457.5%[36] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.073, compared to CNY 0.005 in the same quarter last year[36] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 36,183,412.98, compared to a negative CNY 3,943,467.02 in the previous year[8] - The company reported a significant increase in cash flow from sales, with cash received from sales exceeding cash paid for purchases[23] - Net cash flow from operating activities for Q1 2018 was RMB 3,618.34 million, a significant increase of RMB 4,012.69 million compared to a negative cash flow of RMB -394.35 million in Q1 2017[26] - Operating cash flow generated from business activities amounted to ¥36,183,412.98, a significant improvement from a negative cash flow of ¥3,943,467.02 in the previous period[40] - Total cash inflow from operating activities was ¥249,432,001.46, up from ¥166,419,299.29, indicating a year-over-year increase of about 49.8%[40] - Cash inflow from sales of goods and services reached ¥247,695,371.70, compared to ¥165,743,361.41 in the prior period, reflecting a growth of approximately 49.2%[40] Assets and Liabilities - Total assets increased by 1.13% to CNY 2,406,085,731.69 compared to the end of the previous year[8] - The company's total assets as of March 31, 2018, were RMB 2,406,085,731.69, up from RMB 2,379,276,421.23 at the beginning of the year, indicating a growth of about 1.13%[30] - Total current assets as of March 31, 2018, amounted to RMB 162,406,387.68, an increase from RMB 156,268,479.43 at the beginning of the year, reflecting a growth of approximately 7.26%[29] - Total liabilities decreased slightly from RMB 1,236,285,564.56 at the beginning of the year to RMB 1,227,899,610.06, a reduction of approximately 0.65%[31] - Total liabilities as of the end of Q1 2018 amounted to CNY 1,201,918,137.72, slightly down from CNY 1,207,554,997.28 at the end of the previous quarter[34] Shareholder Information - The number of shareholders reached 46,723 at the end of the reporting period[12] - Total equity attributable to shareholders increased to RMB 1,187,625,436.38 from RMB 1,150,722,543.12, representing a growth of about 3.21%[31] - Total equity increased to CNY 1,147,602,081.39 from CNY 1,108,721,947.69, reflecting a growth of 3.5%[34] Investments and Other Income - The company reported an investment income of CNY 31,270,822.84 for Q1 2018, up from CNY 24,897,391.63 in the same period last year, indicating a growth of 25.5%[35] - Other income increased due to government subsidies, contributing positively to the financial results[23] Inventory and Receivables - The company's accounts receivable increased by 99.34% to CNY 969.55 million due to delayed payments from some electricity customers[16] - Accounts receivable increased to RMB 9,695,491.79 from RMB 4,863,798.87, representing an increase of 99.67% year-over-year[29] - The company reported a decrease in inventory from RMB 856,981.05 to RMB 845,628.52, a decline of approximately 1.56%[29] Construction and Projects - Construction in progress rose by 273.34% to CNY 26,850.20 million, attributed to increased projects by the company's subsidiaries[16] Future Outlook - The company continues to focus on expanding its market presence and enhancing its product offerings, although specific new products and technologies were not detailed in the report[39]