QJSL(SH:600283)2018-04-26 16:00Financial Performance - Net profit attributable to shareholders surged by 448.14% to CNY 29,580,397.29 year-on-year[6] - Operating revenue rose by 20.49% to CNY 254,209,802.34 compared to the same period last year[6] - Basic earnings per share increased by 300% to CNY 0.08[6] - The company reported a net profit excluding non-recurring items of CNY 17,748,212.27, a significant increase from a loss of CNY 5,986,334.31 in the previous year[6] - The total comprehensive income for Q1 2018 was CNY 42,618,673.98, down from CNY 195,524,177.42 in Q1 2017, indicating a decline in overall profitability[27] - The net profit for the current period was ¥5,947,943.31, a significant recovery from a net loss of ¥15,004,994.99 in the previous period[28] - The total profit amounted to ¥6,022,015.74, compared to a loss of ¥14,912,806.81 in the same period last year[28] Assets and Liabilities - Total assets increased by 2.17% to CNY 4,939,660,573.95 compared to the end of the previous year[6] - Total liabilities rose to ¥2,693,545,397.83 from ¥2,632,215,063.60, indicating an increase in financial obligations[20] - Owner's equity remained stable at ¥2,246,115,176.12, with no changes in share capital or capital reserves[20] - The company's total assets as of March 31, 2018, amounted to CNY 2,487,403,125.74, up from CNY 2,469,107,035.72 at the beginning of the year[23] - Total liabilities increased to CNY 859,015,606.29 from CNY 847,712,131.39 at the start of the year, reflecting a growth of 1.5%[22] Cash Flow - Net cash flow from operating activities increased by 32.66% to CNY 67,867,544.34[6] - Cash flow from operating activities generated a net amount of ¥67,867,544.34, an increase from ¥51,157,944.49 in the previous period[32] - Cash flow from investing activities showed a significant decline of 112.35% to -¥66,833,554.10, primarily due to last year's property disposal proceeds[15] - Cash flow from financing activities improved to ¥54,162,164.74 from -¥257,343,429.59, mainly due to repayment of bank loans in the previous year[16] - The cash flow from financing activities resulted in a net inflow of ¥54,162,164.74, a recovery from a net outflow of ¥257,343,429.59 in the previous period[33] Shareholder Information - The total number of shareholders reached 27,266 by the end of the reporting period[10] - The top two shareholders, Zhejiang Water Conservancy Investment Group and China Water Investment Co., held 24.55% and 23.55% of shares, respectively[10] Investment and Expenses - Non-recurring gains and losses included government subsidies amounting to CNY 19,936,594.18[9] - Employee compensation payable decreased by 32.98% to ¥17,701,363.68 primarily due to performance bonuses paid during the period[13] - Financial expenses decreased by 34.49% to ¥15,468,369.82, mainly due to reduced bank loans compared to the same period last year[14] - The investment income for the current period was ¥14,159,239.80, a substantial increase from ¥4,809,929.73 in the previous period[28] - The company reported an investment income of CNY 14,159,239.80, a decrease from CNY 489,103,798.27 in the previous year, highlighting challenges in investment performance[26] Management and Operational Efficiency - The management highlighted a decrease in management expenses to ¥8,820,992.34 from ¥5,160,363.69 in the previous period, indicating improved cost control[28] - Operating costs for Q1 2018 were CNY 237,564,210.98, significantly lower than CNY 510,311,686.55 in Q1 2017, indicating a cost reduction strategy[25]