SFX(SH:600370)2018-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 270,517,357.84, an increase of 11.01% year-on-year[7] - Net profit attributable to shareholders decreased by 42.06% to CNY 8,825,177.93 compared to the same period last year[7] - Total net profit for the period was CNY 13,841,553.25, a decrease of 32.70% compared to the previous year[12] - Basic earnings per share fell by 41.88% to CNY 0.0111[7] - Basic earnings per share decreased by 41.88% to CNY 0.0111 from CNY 0.0191[12] - Net profit for Q1 2018 was CNY 13,841,553.25, a decrease of 32.7% from CNY 20,566,668.16 in the previous year[24] - Earnings per share for Q1 2018 were CNY 0.0111, down from CNY 0.0191 in the same quarter last year, representing a decline of 41.6%[25] Cash Flow - The net cash flow from operating activities was CNY 59,490,584.02, a significant improvement from a negative cash flow of CNY -3,220,159.87 in the previous year[7] - Cash received from sales of goods and services increased by 53.10% to CNY 201,990,276.92[12] - Operating cash flow for Q1 2018 was ¥59,490,584.02, a significant improvement from a negative cash flow of ¥3,220,159.87 in Q1 2017[31] - Cash inflow from operating activities totaled ¥211,852,038.25, up from ¥140,354,047.13 in the previous year, representing a year-over-year increase of approximately 50.9%[31] - Cash outflow from operating activities was ¥152,361,454.23, compared to ¥143,574,207.00 in the same period last year, indicating a slight increase of about 6.1%[31] - The net increase in cash and cash equivalents for Q1 2018 was ¥56,860,701.59, compared to a decrease of ¥3,586,014.39 in Q1 2017[32] - The ending balance of cash and cash equivalents as of March 31, 2018, was ¥1,095,494,688.30, up from ¥1,010,459,844.11 at the end of Q1 2017[32] Assets and Liabilities - Total assets increased by 3.28% to CNY 1,807,427,912.12 compared to the end of the previous year[7] - The total assets of the company as of March 31, 2018, were CNY 1,807,427,912.12, compared to CNY 1,749,988,457.53 at the beginning of the year[18] - The total liabilities increased to CNY 298,507,970.37 from CNY 254,910,069.03, reflecting a rise in accounts payable[18] - Total current assets at the end of the period were CNY 638,753,259.98, an increase of 2.0% from CNY 625,557,772.83 at the beginning of the year[21] - Total liabilities at the end of the period were CNY 121,164,623.11, up from CNY 107,703,319.09, indicating a rise of 12.9%[22] - Cash and cash equivalents increased to CNY 233,210,748.28 from CNY 213,392,960.51, marking a growth of 9.3%[20] - Accounts receivable remained relatively stable at CNY 110,497,628.91, compared to CNY 110,571,668.51 at the beginning of the year[20] - Inventory decreased slightly to CNY 159,766,194.85 from CNY 161,279,157.16, a decline of 0.9%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,395[10] - The largest shareholder, Jiangsu Sanfangxiang Group Co., Ltd., holds 50.33% of the shares, amounting to 401,229,900 shares[10] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 427,800[7] - Non-recurring gains and losses totaled CNY 360,777.07 for the reporting period[7] - The company's prepaid expenses rose by 64.05% to CNY 14,844,847.86 due to increased payments for cotton, grey cloth, and equipment[12] - Other current assets decreased by 65.72% to CNY 843,157.09, attributed to a reduction in the company's retained VAT[12] - The company reported a significant increase in advance receipts, which rose by 77.74% to CNY 18,480,815.98[12] - The total profit for Q1 2018 was a loss of ¥4,865,811.10, compared to a profit of ¥702,407.95 in the same period last year[28] - The company received tax refunds amounting to ¥6,161,373.75 in Q1 2018, compared to ¥4,317,858.40 in the same period last year, reflecting a year-over-year increase of approximately 42.7%[31] - The company reported cash inflow from the disposal of fixed assets of ¥3,010,000.00 in Q1 2018[31] - The net cash flow from investing activities was ¥382,400.00, indicating a positive cash flow compared to the previous year[31] - The company’s net cash flow from operating activities improved significantly, indicating a positive trend in operational efficiency[31]