FLDT(SH:600228)2018-04-27 16:00Financial Performance - Operating revenue increased by 10.72% to CNY 127,817,671.11 year-on-year[8] - Net profit attributable to shareholders was CNY 366,129.35, a significant recovery from a loss of CNY 6,747,084.19 in the same period last year[8] - Basic and diluted earnings per share were CNY 0.0015, recovering from a loss of CNY -0.028 per share last year[8] - Net profit for Q1 2018 was CNY 2,499,557.92, a significant recovery from a net loss of CNY 7,682,564.74 in the previous year[26] - The company reported an operating profit of CNY 1,091,363.32, compared to an operating loss of CNY 4,249,853.66 in the same quarter last year[26] - The net profit from continuing operations for Q1 2018 was -2,195,406.66 RMB, an improvement from -5,138,307.42 RMB in the same period last year[30] - The total comprehensive income for the period was -2,195,406.66 RMB, reflecting a decrease in losses compared to the previous year[30] Assets and Liabilities - Total assets decreased by 3.80% to CNY 305,335,646.55 compared to the end of the previous year[8] - Total current assets decreased from ¥187,472,018.65 at the beginning of the year to ¥177,475,147.16[17] - Total liabilities decreased from ¥197,701,521.95 to ¥182,802,535.38[19] - The company's total assets decreased from ¥317,397,415.59 to ¥305,335,646.55[19] - Inventory decreased from ¥26,445,853.96 to ¥20,707,237.86, reflecting a reduction in stock levels[17] - The company's cash and cash equivalents decreased from ¥65,682,642.60 to ¥55,037,991.25[17] - The company's total equity was reported at CNY -2,850,774.70, down from CNY -655,368.04, indicating a worsening equity position[23] Cash Flow - Net cash flow from operating activities was negative at CNY -4,240,126.96, a decline of 464.14% compared to the previous year[8] - Net cash flow from operating activities was -¥4,240,126.96, mainly due to employee relocation costs and office rental expenses in Beijing[14] - Cash inflow from operating activities totaled 127,929,319.56 RMB, slightly down from 130,917,575.54 RMB year-over-year[33] - The net cash flow from operating activities was -4,240,126.96 RMB, compared to a positive 1,164,427.48 RMB in Q1 2017[33] - Cash outflow from investing activities was -1,821,711.38 RMB, worsening from -343,540.44 RMB in the previous year[33] - Cash inflow from financing activities was 31,000,000.00 RMB, an increase from 30,000,000.00 RMB in the same quarter last year[34] - The net cash flow from financing activities was -4,582,813.01 RMB, compared to a positive 9,178,426.34 RMB in Q1 2017[34] Expenses - Sales expenses surged by 128.90% to CNY 7,252,521.65, primarily due to increased transportation costs[13] - Management expenses increased by 149.93% year-on-year to ¥9,497,080.49, primarily due to higher R&D investments[14] - Financial expenses decreased by 72.00% to ¥537,271.17, attributed to a reduction in debt scale[14] - The company reported a significant increase in cash paid to employees, totaling 20,133,736.50 RMB, compared to 7,304,152.10 RMB in the previous year[33] Shareholder Information - The total number of shareholders reached 17,980, with the largest shareholder holding 21.53% of the shares[11] Future Outlook - The company plans to focus on market expansion and new product development to drive future growth[24]