CYG(SH:600525)2018-04-25 16:00Financial Performance - Operating revenue rose by 34.97% to CNY 1.58 billion year-on-year[6] - Net profit attributable to shareholders increased by 83.33% to CNY 80.73 million compared to the same period last year[6] - Basic earnings per share improved by 88.72% to CNY 0.0619 per share[6] - The company reported a 29.49% decrease in net profit attributable to shareholders compared to the previous quarter[6] - Total revenue for Q1 2018 reached ¥1,576,741,630.65, an increase of 35% compared to ¥1,168,206,532.07 in the same period last year[47] - Operating profit for Q1 2018 was CNY -91,324,910.73, compared to CNY -46,907,813.14 in the previous year, indicating a decline in profitability[51] - Net profit for Q1 2018 was CNY -77,258,268.51, worsening from CNY -46,907,813.14 year-over-year[51] - The company reported a total comprehensive income of CNY 431,068,245.70 for Q1 2018, compared to CNY -46,907,813.14 in the same period last year[51] - Basic earnings per share for Q1 2018 was CNY 0.0619, up from CNY 0.0328 in the previous year[49] Assets and Liabilities - Total assets increased by 6.34% to CNY 21.84 billion compared to the end of the previous year[6] - Non-current assets totaled ¥12,673,648,732.90, up from ¥11,843,563,344.16, reflecting a growth of approximately 7%[40] - Current liabilities increased to ¥8,346,901,977.60 from ¥7,874,129,540.32, representing a rise of about 6%[40] - Short-term borrowings rose significantly to ¥4,544,169,492.08, compared to ¥3,585,163,662.60, marking an increase of approximately 27%[40] - Long-term borrowings increased to ¥2,181,230,630.18 from ¥1,629,915,324.11, which is an increase of about 34%[41] - Total liabilities amounted to ¥12,977,855,261.73, up from ¥12,321,443,795.42, indicating a growth of around 5%[41] - Owner's equity reached ¥8,860,995,926.87, compared to ¥8,215,972,757.69, reflecting an increase of approximately 8%[41] - The company’s other receivables increased to ¥1,191,652,652.52 from ¥861,012,568.91, showing a growth of about 38%[44] - The company’s total assets increased to ¥21,838,851,188.60 from ¥20,537,416,553.11, representing a growth of approximately 6%[41] Cash Flow - Cash flow from operating activities showed a significant improvement, with a reduction in losses from CNY 257.99 million to CNY 192.26 million[6] - The balance of cash and cash equivalents at the end of the period was approximately ¥1.46 billion, slightly down from ¥1.47 billion at the beginning of the year[39] - Cash inflow from sales of goods and services reached ¥1,847,145,802.99, an increase from ¥1,406,813,949.98 in the previous period, representing a growth of approximately 31%[53] - Net cash flow from operating activities was -¥192,257,736.95, an improvement compared to -¥257,987,115.51 in the same period last year[53] - Total cash inflow from investment activities was ¥166,094,628.17, significantly higher than ¥1,075,115.26 in the previous period[54] - Cash outflow from investment activities totaled ¥668,100,583.32, down from ¥856,091,010.21 in the previous period, indicating a reduction of about 22%[54] - Net cash flow from financing activities was ¥705,920,750.91, compared to ¥241,551,555.81 in the same period last year, showing an increase of approximately 192%[54] - Cash inflow from borrowing was ¥1,976,148,381.13, up from ¥1,236,030,512.60 in the previous period, reflecting a growth of about 60%[54] - Cash outflow for debt repayment was ¥1,349,681,934.99, compared to ¥913,387,344.62 in the previous period, indicating an increase of approximately 48%[54] - Cash inflow from other financing activities was ¥711,392,812.73, significantly higher than ¥151,091,685.26 in the previous period, representing a growth of over 370%[57] - The net cash flow from investment activities was -¥502,005,955.15, an improvement from -¥855,015,894.95 in the previous period, indicating a reduction in cash outflow[54] Investments and Expenditures - The increase in prepayments was mainly due to higher raw material purchases[12] - The balance of other current assets rose due to investments in financial products[13] - The company is investing in the construction of a new production base for smart grids and lithium battery separators, contributing to the increase in construction in progress[14] - Research and development expenditures increased, reflecting the company's commitment to innovation[16] - The company reported an increase in investment income from the sale of listed company stocks[27] - The company incurred financial expenses of CNY 76,139,377.13 in Q1 2018, compared to CNY 38,539,703.61 in the same period last year, reflecting a significant increase[50] Financing Activities - The company plans to issue convertible bonds and has received approval from the China Securities Regulatory Commission[30] - The company signed a settlement agreement with shareholder Wolong Nuclear Materials to sell 75% of Changyuan Electronics[31] - The balance of long-term borrowings increased due to additional bank loans[20] - The balance of other comprehensive income rose due to the increase in the fair value of available-for-sale financial assets[21] - Other comprehensive income after tax for Q1 2018 was CNY 508,326,514.21, with no prior year comparison available[51] - The company reported a tax expense of CNY 10,416,563.43 for Q1 2018, down from CNY 17,600,193.68 in the previous year[48]