SDWH(SH:600241)2018-04-27 16:00Financial Performance - Operating revenue increased by 16.78% to CNY 276,083,500.03 compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 15,383,491.13, compared to a loss of CNY 8,473,180.37 in the previous year[5] - The company anticipates a cumulative net profit that may be negative due to uncertainties regarding the profitability of its forestry subsidiary and delays in the projected production launch of the new Jiuyi Lithium Energy Company[17] - Total operating revenue for Q1 2018 was ¥276,083,500.03, an increase of 16.7% compared to ¥236,408,791.61 in the same period last year[28] - The net loss for Q1 2018 was ¥20,215,486.95, compared to a net loss of ¥8,813,572.86 in Q1 2017, representing a significant increase in losses[29] - The operating profit for Q1 2018 was -¥18,775,182.06, worsening from -¥7,163,717.51 in Q1 2017[29] - The total comprehensive loss for Q1 2018 was ¥22,805,452.97, compared to a loss of ¥6,700,834.69 in Q1 2017[29] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 46,737,566.44, compared to a net outflow of CNY 26,528,596.89 in the previous year[5] - The company reported a significant decrease in cash and cash equivalents by 36.71% to CNY 693,669,042.51[12] - The company's cash flow statement for Q1 2018 indicates ongoing liquidity challenges, with significant outflows noted[34] - The net cash flow from operating activities was -46,737,566.44 RMB, a decline from -26,528,596.89 RMB in the previous period, indicating a worsening cash flow situation[35] - Cash received from sales of goods and services decreased to 271,960,873.24 RMB from 308,697,516.86 RMB, reflecting a drop of approximately 11.9%[35] - Total cash inflow from operating activities was 297,231,622.75 RMB, down from 358,494,355.12 RMB, representing a decrease of about 17%[35] - The ending cash and cash equivalents balance was 466,110,311.74 RMB, down from 388,916,487.37 RMB, showing a decrease in liquidity[36] Assets and Liabilities - Total assets decreased by 4.04% to CNY 2,727,952,107.84 compared to the end of the previous year[5] - The company's current assets totaled CNY 1,609,908,175.94, down from CNY 1,765,713,230.58 at the beginning of the year, reflecting a decline of approximately 8.8%[21] - The company's total liabilities decreased to CNY 1,270,088,375.66 from CNY 1,361,911,029.96, indicating a reduction of approximately 6.7%[23] - The company's equity attributable to shareholders decreased to CNY 1,419,352,071.77 from CNY 1,437,021,521.88, a decline of about 1.2%[23] - The company reported a significant decrease in accounts payable, which fell to CNY 127,519,184.48 from CNY 223,139,433.85, a reduction of approximately 42.9%[22] Investment Activities - Investment income increased significantly to CNY 830,858.07 from a loss of CNY 7,868,442.31 in the previous year[15] - The net cash flow from investment activities was -354,214,518.21 RMB, significantly worse than -5,683,808.88 RMB previously, indicating increased investment expenditures[36] - Cash outflow for acquiring fixed assets and other long-term assets was 104,400,501.83 RMB, a substantial increase from 5,684,899.51 RMB in the prior period[36] - The company reported a significant increase in cash outflow for other investment-related activities, totaling 407,795,451.64 RMB compared to 35,838,750.00 RMB previously[37] Shareholder Information - The company’s total number of shareholders reached 16,271 as of the report date[9] - The weighted average return on equity was -1.08%, an improvement from -1.36% in the previous year[5]