陕建股份(600248) - 2018 Q1 - 季度财报

Important Notes Report Authenticity and Completeness Management guarantees the authenticity, accuracy, and completeness of this unaudited Q1 report and its financial statements - Management guarantees the authenticity, accuracy, and completeness of the quarterly report and financial statements[4][5] - The company's first quarter 2018 report is unaudited[5] - Independent Director Wei Jingtao and Director Wei Jie did not attend the board meeting due to business travel[7] Company Profile Key Financial Data The company achieved significant growth in Q1 2018 revenue and net profit, but total assets declined and operating cash outflow increased Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior-Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 670,107,575.15 | 504,270,543.95 | 32.89% | | Net Profit Attributable to Shareholders (RMB) | 22,183,695.89 | 15,169,821.67 | 46.24% | | Net Profit Attributable to Shareholders (Non-recurring Items Excluded) (RMB) | 22,200,536.87 | 13,461,534.41 | 64.92% | | Basic Earnings Per Share (RMB/Share) | 0.0360 | 0.0246 | 46.34% | | Weighted Average Return on Equity (%) | 1.08% | 0.78% | Increased by 0.30 p.p. | | Net Cash Flow from Operating Activities (RMB) | -144,690,400.09 | -75,700,601.55 | N/A | Key Asset and Liability Indicators as of Q1 2018 End | Indicator | End of Current Period | End of Prior Year | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 5,043,323,718.09 | 5,545,320,264.64 | -9.05% | | Net Assets Attributable to Shareholders (RMB) | 2,072,403,203.48 | 2,051,019,639.32 | 1.04% | - Total non-recurring gains and losses for the period were RMB -16,840.98, mainly from non-current asset disposal and other non-operating income/expenses[9] Shareholder Information The company had 28,252 shareholders, with Shaanxi Yanchang Petroleum (Group) as the controlling shareholder holding a 53.03% stake - As of the end of the reporting period, the total number of common shareholders was 28,252[10] Top 5 Shareholders | Shareholder Name | Shareholding | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | Shaanxi Yanchang Petroleum (Group) Co., Ltd. | 326,570,199 | 53.03 | State-owned Legal Person | | Shaanxi Yanhua Engineering Construction Co., Ltd. | 12,520,326 | 2.03 | State-owned Legal Person | | Shaanxi High-tech Industry Investment Co., Ltd. | 8,770,000 | 1.42 | State-owned Legal Person | | Yu Mingzhi | 6,388,000 | 1.04 | Domestic Natural Person | | Yangling Agricultural University Agricultural Science and Technology Development Co., Ltd. | 6,142,500 | 1.00 | State-owned Legal Person | - The controlling shareholder, Shaanxi Yanchang Petroleum (Group) Co., Ltd., is related to its wholly-owned subsidiary, Shaanxi Yanhua Engineering Construction Co., Ltd; Yangling Agricultural University Agricultural Science and Technology Development Co., Ltd. and Yangling Agricultural University Kefei Agricultural Science and Technology Development Center are parties acting in concert[11] Significant Matters Significant Changes in Key Financial Statement Items and Indicators Significant financial fluctuations occurred, including increased revenue and costs, a sharp drop in financial expenses, and a larger operating cash outflow Significant Changes in Income Statement and Cash Flow Statement Items | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | 32.89 | Increase in completed engineering volume | | Operating Costs | 32.95 | Increased cost inputs corresponding to higher engineering volume | | Financial Expenses | -83.64 | Increased interest income due to larger cash holdings | | Asset Impairment Loss | 88.30 | Increased provision for bad debts due to aging of accounts receivable | | Net Profit | 46.24 | Revenue growth outpaced total cost growth | | Net Cash Flow from Operating Activities | -91.14 | Increased payments for outstanding payables during the period | Significant Changes in Balance Sheet Items | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | -32.49 | Settlement of advance payments for purchases per contracts | | Notes Payable | -37.88 | Maturity and payment of notes | | Employee Benefits Payable | -39.81 | Payment of prior-year performance bonuses to employees | Appendix Financial Statements This appendix contains the unaudited Q1 2018 consolidated and parent company financial statements Consolidated Balance Sheet Total assets were RMB 5.04 billion, a 9.05% decrease from the beginning of the year, while total liabilities fell by 15.0% Key Consolidated Balance Sheet Items (Unit: RMB) | Item | Period-End Balance | Beginning-of-Year Balance | | :--- | :--- | :--- | | Total Assets | 5,043,323,718.09 | 5,545,320,264.64 | | Total Liabilities | 2,970,920,514.61 | 3,494,300,625.32 | | Total Equity Attributable to Parent Company | 2,072,403,203.48 | 2,051,019,639.32 | Consolidated Income Statement Q1 2018 total operating revenue reached RMB 670 million, a 32.89% YoY increase, with net profit growing 46.24% Key Consolidated Income Statement Items (Unit: RMB) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 670,107,575.15 | 504,270,543.95 | | Total Operating Costs | 644,540,982.79 | 488,509,685.48 | | Operating Profit | 26,121,176.43 | 17,647,769.94 | | Net Profit | 22,183,695.89 | 15,169,821.67 | | Basic Earnings Per Share (RMB/Share) | 0.0360 | 0.0246 | Consolidated Statement of Cash Flows Net cash outflow from operating activities widened to RMB 145 million in Q1 2018, primarily due to increased payments for goods and services Key Consolidated Cash Flow Statement Items (Unit: RMB) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -144,690,400.09 | -75,700,601.55 | | Net Cash Flow from Investing Activities | -692,925.10 | -7,862,667.25 | | Net Cash Flow from Financing Activities | 0.00 | 0.00 | | Net Increase in Cash and Cash Equivalents | -145,383,325.19 | -83,563,268.80 | Parent Company Financial Statements The parent company recorded a net loss of RMB 1.88 million in Q1 2018, with total assets of RMB 1.20 billion - The parent company's net profit for Q1 2018 was RMB -1,877,592.43, compared to a profit of RMB 829,966.01 in the prior-year period[27] - The parent company's total assets amounted to RMB 1.20 billion, with long-term equity investments of RMB 1.05 billion accounting for approximately 87.4%[22] Audit Report This quarterly financial report has not been audited - The audit report is not applicable as this quarterly report is unaudited[33]