SDHS(SH:600350)2018-04-27 16:00Financial Performance - Operating revenue decreased by 27.94% to CNY 1.15 billion compared to the same period last year[7] - Net profit attributable to shareholders decreased by 12.17% to CNY 504.54 million year-on-year[7] - Basic earnings per share decreased by 11.76% to CNY 0.105 compared to the same period last year[7] - Diluted earnings per share also decreased by 11.76% to CNY 0.105 year-on-year[7] - The weighted average return on equity decreased by 0.4 percentage points to 1.88%[7] - The company reported a significant reduction in management expenses by 41.42% to CNY 39,511,339.29 from CNY 67,448,477.94, mainly due to decreases in advertising and employee compensation[14] - Total operating revenue for Q1 2018 was CNY 1,148,763,576.90, a decrease of 28% compared to CNY 1,594,227,099.42 in the same period last year[25] - The net profit for Q1 2018 was ¥246,039,040.67, down 43.4% from ¥434,968,538.50 in the previous year[29] - The operating profit decreased to ¥301,114,560.43, a decline of 46.6% from ¥565,028,845.05 year-over-year[29] - The total profit for Q1 2018 was ¥301,842,773.47, down 47.0% from ¥568,615,257.78 in the same period last year[29] - The company recorded a total comprehensive income of ¥246,071,892.68, down 43.4% from ¥434,950,981.12 in the same period last year[29] Assets and Liabilities - Total assets increased by 1.50% to CNY 51.60 billion compared to the end of the previous year[7] - Total assets at the end of the period amounted to CNY 51,601,873,824.51, up from CNY 50,839,216,549.89[17] - Total liabilities increased to CNY 24,060,609,392.01 from CNY 23,769,638,700.43[18] - Total assets as of March 31, 2018, amounted to CNY 49,682,041,599.71, an increase from CNY 49,184,062,397.41 at the beginning of the year[22] - Total liabilities were CNY 22,775,757,274.44, up from CNY 22,523,849,964.82 at the start of the year[22] - The company's total equity reached CNY 26,906,284,325.27, compared to CNY 26,660,212,432.59 at the beginning of the year[23] - The company’s non-current assets totaled CNY 39,892,727,508.14, an increase from CNY 38,731,608,985.67 at the beginning of the year[22] Cash Flow - Cash flow from operating activities decreased by 19.18% to CNY 398.29 million compared to the previous year[7] - The net cash flow from operating activities was ¥398,291,052.31, a decrease of 19.2% compared to ¥492,840,882.68 in the previous year[30] - The cash inflow from operating activities totaled ¥1,067,586,545.20, a decrease of 37.0% compared to ¥1,697,111,205.88 in the previous year[30] - The net cash flow from investing activities was -702,901,869.99 RMB, an improvement from -1,427,686,972.32 RMB in the previous period[33] - Cash inflow from investing activities amounted to 803,871,666.67 RMB, up from 229,000,000.00 RMB year-over-year[33] - Cash outflow from investing activities was 1,506,773,536.66 RMB, compared to 1,656,686,972.32 RMB in the previous period[33] - The net cash flow from financing activities was 353,857,289.14 RMB, a recovery from -33,155,531.78 RMB in the previous period[33] - Cash inflow from financing activities totaled 525,000,000.00 RMB, significantly higher than 66,000,000.00 RMB in the previous period[33] - The ending cash and cash equivalents balance was 1,785,266,673.06 RMB, down from 4,452,452,330.66 RMB in the previous period[33] Shareholder Information - The company has a total of 64,464 shareholders as of the report date[10] Receivables and Prepayments - Accounts receivable increased by 163.91% to CNY 5,542,111.00 from CNY 2,100,000.00 due to the receipt of commercial acceptance bills[13] - Prepayments rose by 105.05% to CNY 24,903,766.35 from CNY 12,145,378.35, primarily due to an increase in engineering prepayments[13] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 10.79 million[9] - Deferred income increased by 465.83% to CNY 306,096,875.00 from CNY 54,096,875.00, primarily due to government subsidies received[18] - Operating income from non-operating activities increased by 73.89% to CNY 13,531,685.63 from CNY 7,781,787.29, mainly due to increased government subsidies received[15] Investment Income - Investment income rose by 49.10% to CNY 89,348,138.52 from CNY 59,926,562.08, attributed to increased investments by the fund company[15] - The company reported a significant increase in investment income of CNY 89,348,138.52, compared to CNY 59,926,562.08 in the previous year[25] - The investment income for Q1 2018 was ¥47,229,451.60, compared to ¥59,926,562.08 in the previous year, reflecting a decrease of 21.4%[29]