ANGEL YEAST(SH:600298)2018-04-19 16:00Financial Performance - Net profit attributable to shareholders rose by 30.24% to CNY 277,346,737.34 year-on-year[5] - Operating revenue grew by 14.90% to CNY 1,630,322,223.69 compared to the same period last year[5] - Basic earnings per share increased by 30.26% to CNY 0.3366[5] - The net profit attributable to the parent company increased by 30.24% from CNY 212,949,009.03 to CNY 277,346,737.34, driven by sales growth and improved profitability[14] - Total operating revenue for Q1 2018 was CNY 1,630,322,223.69, an increase of 14.9% compared to CNY 1,418,852,248.31 in the same period last year[30] - Net profit for Q1 2018 reached CNY 149,348,666.68, a decrease of 57.0% from CNY 347,459,517.82 in Q1 2017[35] - The company reported a total profit of CNY 149,726,269.46 for Q1 2018, down 56.95% from CNY 347,612,533.05 in the previous year[35] - Basic and diluted earnings per share for Q1 2018 were CNY 0.3366, compared to CNY 0.2584 in Q1 2017, representing a 30.2% increase[32] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -118,861,222.79, a decrease of 973.00% compared to the previous year[5] - The company's cash and cash equivalents decreased by 38.97% from CNY 416,656,486.73 to CNY 254,289,193.39[12] - Cash paid for purchasing goods and services increased by 37.50%, from CNY 965,691,487.34 to CNY 1,327,789,878.20, due to higher procurement costs[15][16] - Cash flow from operating activities was CNY 1,647,078,914.39, an increase from CNY 1,346,446,838.46 in the same quarter last year[37] - Operating cash inflow for Q1 2018 was CNY 1,690,824,911.16, an increase from CNY 1,410,978,791.85 in the previous period[38] - Total cash outflow from operating activities was CNY 1,667,593,146.89, compared to CNY 1,305,292,461.32 in the previous period[41] Assets and Liabilities - Total assets increased by 1.77% to CNY 8,169,576,576.14 compared to the end of the previous year[5] - The company's total liabilities increased by 36.03% in long-term borrowings, rising from CNY 902,034,500.00 to CNY 1,227,048,200.00[12][13] - Total liabilities decreased to CNY 3,835,633,624.83 from CNY 3,933,822,896.97, a reduction of approximately 2.5%[23] - Current liabilities totaled CNY 2,456,645,701.92, down from CNY 2,882,628,659.67, indicating a decrease of about 14.8%[23] - Non-current liabilities increased to CNY 1,378,987,922.91 from CNY 1,051,194,237.30, representing a growth of approximately 31.1%[23] - Owner's equity rose to CNY 4,333,942,951.31 from CNY 4,093,504,506.08, marking an increase of about 5.9%[23] Shareholder Information - The total number of shareholders reached 40,330 at the end of the reporting period[9] - The largest shareholder, Hubei Angel Biotechnology Group Co., Ltd., holds 39.98% of the shares[9] Government Support and Other Income - The company received government subsidies amounting to CNY 11,819,412.31, which are closely related to its normal business operations[7] - Non-recurring gains and losses totaled CNY 13,372,394.77 for the reporting period[8] - The company reported investment income of CNY 392,055.54 in Q1 2018, a decrease from CNY 918,921.72 in the same period last year[31] Financial Expenses - Financial expenses rose by 127.14% from CNY 17,569,367.94 to CNY 39,906,873.66, due to reduced capitalized interest and increased exchange losses[14] - The company incurred financial expenses of CNY 7,659,833.07 in Q1 2018, compared to a financial income of CNY 13,253,686.20 in Q1 2017[34] Inventory and Receivables - Prepayments increased by 84.16% from CNY 107,627,328.06 to CNY 198,211,412.52, attributed to seasonal procurement of raw materials[12][17] - Accounts receivable increased to CNY 500,595,663.61 from CNY 452,318,585.02, reflecting an increase of about 10.7%[25] - Inventory rose to CNY 515,143,665.88 from CNY 461,862,943.20, indicating an increase of approximately 11.5%[26]