wanhua(SH:600309)2018-04-26 16:00Financial Performance - Total revenue for Q1 2018 reached RMB 13.60 billion, an increase of 23.57% compared to RMB 11.01 billion in the same period last year[8] - Net profit attributable to shareholders was RMB 3.55 billion, up 61.53% from RMB 2.20 billion year-on-year[8] - Basic earnings per share rose to RMB 1.30, reflecting a 62.50% increase from RMB 0.80 in the same quarter last year[8] - Net profit for Q1 2018 reached ¥4.13 billion, representing a 59.8% increase from ¥2.59 billion in Q1 2017[27] - Earnings per share for Q1 2018 were ¥1.30, compared to ¥0.80 in Q1 2017, reflecting a 62.5% increase[28] - Operating profit rose to ¥2,861,933,823.01, up 42.9% from ¥2,003,309,451.55 in the prior period[29] - The total comprehensive income for the current period was ¥2,435,356,759.91, up from ¥1,717,507,379.01 in the previous period[30] Cash Flow - Net cash flow from operating activities surged to RMB 3.59 billion, a significant increase of 658.88% compared to RMB 473 million in the previous year[8] - The net cash flow from operating activities was ¥3,590,001,796.86, significantly higher than ¥473,064,821.52 in the same period last year[32] - Cash inflow from operating activities totaled ¥17,879,631,166.43, compared to ¥12,517,807,641.75 in the previous period, marking a 42.5% increase[32] - Net cash flow from operating activities reached approximately $1.93 billion, a significant increase from $241.07 million in the previous period[34] - Cash outflow for operating activities decreased to approximately $4.85 billion from $5.02 billion, indicating improved cash management[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 66.42 billion, a slight increase of 0.90% from RMB 65.83 billion at the end of the previous year[8] - The company's current assets totaled approximately CNY 25.17 billion, slightly down from CNY 25.20 billion at the beginning of the year, indicating a decrease of about 0.1%[19] - Total liabilities reached approximately CNY 35.65 billion, up from CNY 35.07 billion, marking an increase of about 1.7%[21] - Total assets as of the end of Q1 2018 amounted to ¥36.76 billion, a decrease from ¥38.36 billion at the end of Q1 2017[24] - Total liabilities for Q1 2018 were ¥17.53 billion, slightly up from ¥17.46 billion in the previous year[24] Investments - Long-term equity investments increased by 33.41% to RMB 701.22 million, primarily due to additional investments in joint ventures[14] - Long-term equity investments increased to ¥5.02 billion, up from ¥4.87 billion in the previous year[23] Shareholder Information - The number of shareholders reached 128,697, with the largest shareholder holding 47.92% of the total shares[12] - The company completed a significant asset restructuring with the original controlling shareholder, Wanhua Industrial Group, resulting in a split into Wanhua Industrial Group Co., Ltd. and Yantai Wanhua Chemical Co., Ltd. The controlling shareholder changed to Wanhua Chemical post-split[15] Government Subsidies - Government subsidies recognized in the current period amounted to RMB 577.40 million, significantly contributing to other income[14] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to approximately CNY 2.71 billion from CNY 3.06 billion, a decline of about 11.4%[19] - The ending cash and cash equivalents balance was ¥2,684,123,973.89, down from ¥2,998,524,978.10 at the end of the previous period[32] - The ending cash and cash equivalents balance decreased to approximately $1.14 billion from $1.74 billion year-over-year[35]