FFEC(SH:600203)2018-04-27 16:00Financial Performance - Operating revenue decreased by 24.19% to CNY 1,677,280,494.14 year-on-year[6] - Net profit attributable to shareholders increased by 123.92% to CNY 32,220,642.48 compared to the same period last year[6] - Basic earnings per share rose by 133.33% to CNY 0.07[6] - The company reported a net profit of ¥32,293,938.69, an increase of 84.11% compared to ¥17,540,709.58 in the same period last year[11] - Investment income surged to ¥51,875,021.66, a remarkable increase of 1993.28% from ¥2,478,164.89 year-on-year[11] - Operating profit reached ¥44,713,281.33, reflecting a growth of 121.00% compared to ¥20,232,592.07 in the previous year[11] - Net profit for Q1 2018 reached ¥32,293,938.69, an increase of 83.8% compared to ¥17,540,709.58 in Q1 2017[42] - The net profit for Q1 2018 was CNY 34,526,590.54, compared to CNY 2,007,183.21 in the same period last year, indicating a significant increase[45] Cash Flow - Net cash flow from operating activities decreased by 158.96% to -CNY 99,209,475.11[6] - The net cash flow from operating activities was negative at -¥99,209,475.11, a decline of 158.96% compared to ¥168,273,598.26 in the previous year[12] - The cash flow from investing activities showed a net inflow of CNY 46,863,956.86, a recovery from a net outflow of CNY -123,140,396.87 in the same period last year[49] - The cash flow from financing activities resulted in a net inflow of CNY 132,637,077.49, compared to a net outflow of CNY -38,281,403.27 in the previous year[49] - The company received CNY 63,311,524.30 from the recovery of investments, a decrease from CNY 205,073.57 in the previous year[48] - The total cash inflow from investment activities was significantly lower than the cash outflow, indicating a negative investment cash flow trend[52] Assets and Liabilities - Total assets increased by 5.98% to CNY 5,664,326,374.14 compared to the end of the previous year[6] - The company's total assets as of Q1 2018 amounted to ¥2,829,439,227.07, up from ¥2,486,381,928.25 in the previous year, reflecting a growth of 13.8%[39] - Total liabilities increased to CNY 3,550,083,755.32 from CNY 3,218,610,471.91, reflecting a growth of approximately 10.3%[35] - Current liabilities totaled ¥671,841,192.13 in Q1 2018, compared to ¥306,032,682.34 in the same period last year, indicating a significant increase of 119.5%[39] - The company's total equity decreased slightly to CNY 2,114,242,618.82 from CNY 2,125,979,652.56, a decline of about 0.5%[35] Shareholder Information - The number of shareholders reached 21,124 at the end of the reporting period[8] - The largest shareholder, Fujian Furi Group Co., Ltd., holds 20.65% of the shares[9] Financial Indicators - Significant changes in financial indicators include a 79.02% decrease in notes receivable and a 71.07% increase in prepayments[10] - The weighted average return on equity increased by 0.91 percentage points to 1.56%[6] - The company experienced a significant increase in sales expenses, totaling ¥28,495,261.68, which is a 35.00% rise from ¥21,107,385.80[11] - The deferred income tax liabilities decreased by 46.87% to ¥17,230,174.99 from ¥32,428,906.90, mainly due to the sale of available-for-sale financial assets[11] Corporate Actions - The company issued corporate bonds with a total scale of ¥100 million, with a term of 3 years, known as "18 Furi 01"[14] - The company successfully completed its plan to reduce available-for-sale financial assets, no longer holding shares in Guotai Junan and Huaying Technology as of March 31, 2018[13] Litigation and Forecast - The company has ongoing litigation cases, including disputes with multiple parties, which may impact future financial performance[28] - Fujian Furi Electronics has not indicated any significant changes in its profit forecast for the upcoming reporting period[30]