GLARUNTECH(SH:600562)2018-04-26 16:00Financial Performance - Operating revenue for the period was CNY 174,611,833.36, an increase of 8.84% year-on-year [6]. - Net profit attributable to shareholders was CNY 17,526,045.37, a decrease of 25.57% compared to the same period last year [6]. - Total operating revenue for Q1 2018 was CNY 174,611,833.36, an increase of 8.3% compared to CNY 160,426,990.59 in the same period last year [27]. - Total operating costs for Q1 2018 were CNY 155,397,935.59, up from CNY 137,124,066.90, reflecting a year-over-year increase of 13.3% [27]. - Net profit for Q1 2018 was CNY 17,526,045.37, a decrease of 25.6% from CNY 23,548,364.60 in Q1 2017 [28]. - Earnings per share for Q1 2018 were CNY 0.04, down from CNY 0.05 in the same quarter last year [28]. - The company reported a gross profit margin of approximately 11.0% for Q1 2018, down from 15.0% in Q1 2017 [27]. - Operating profit for Q1 2018 was CNY 20,962,335.16, a decline of 10.0% from CNY 23,302,923.69 in the previous year [27]. Cash Flow - The net cash flow from operating activities was CNY -113,402,426.07, showing a negative trend compared to CNY -100,456,632.33 in the previous year [6]. - Operating cash inflow for the current period was ¥126,203,077.86, down 16.4% from ¥150,978,843.45 in the previous period [33]. - Operating cash outflow for the current period was ¥239,605,503.93, a decrease of 4.7% compared to ¥251,435,475.78 in the previous period [33]. - Cash flow from investment activities was -¥7,615,221.60, slightly worse than -¥7,223,358.36 in the previous period [34]. - Cash flow from financing activities resulted in a net outflow of -¥11,760,882.59, compared to a net inflow of ¥7,665,353.21 in the previous period [34]. - The net increase in cash and cash equivalents for the current period was -¥132,946,008.45, compared to -¥100,053,097.23 in the previous period, indicating a worsening cash position [34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,676,184,853.20, a decrease of 0.43% compared to the end of the previous year [6]. - Total current assets decreased slightly to ¥2,488,219,850.71 from ¥2,500,089,026.80, with cash and cash equivalents dropping to ¥572,543,662.24 from ¥693,754,616.59 [19][20]. - Total liabilities decreased to ¥869,937,118.99 from ¥899,084,617.74, with current liabilities totaling ¥849,500,200.17 [21]. - The company's total assets decreased to ¥2,676,184,853.20 from ¥2,687,806,306.58, indicating a slight contraction in the asset base [20]. - Shareholders' equity increased to ¥1,806,247,734.21 from ¥1,788,721,688.84, showing a growth in retained earnings [21]. - Total liabilities as of the end of Q1 2018 amounted to CNY 138,786,920.08, compared to CNY 106,590,168.46 at the end of the previous year, representing a 30.2% increase [25]. - Total equity for Q1 2018 was CNY 1,635,039,857.88, slightly up from CNY 1,632,068,498.09 year-over-year [25]. Shareholder Information - The number of shareholders at the end of the reporting period was 26,992 [10]. Other Financial Metrics - The weighted average return on equity decreased by 0.40 percentage points to 0.98% [6]. - Other income for the current period is reported at ¥1,748,437.39, with a significant decrease in non-operating income by 98% to ¥58,763.85 compared to last year's ¥3,733,714.14 due to reclassification of government subsidies [15]. - The company paid taxes totaling ¥38,193,174.89, an increase of 44% from ¥26,540,300.00 in the previous year, primarily due to higher VAT payments [16]. - Cash paid for financing activities increased by 130% to ¥24,841,199.77 from ¥10,823,447.39, attributed to higher collateral deposits [16]. - Accounts receivable increased to ¥529,505,311.99 from ¥503,000,539.20, indicating a growth in credit sales [19]. - Inventory rose to ¥1,089,739,065.73 from ¥1,008,751,248.97, reflecting increased stock levels [19]. - Prepayments increased by 55% to CNY 16,513,738.39, mainly due to increased equipment prepayments for the Enrite rail project [13]. - Other receivables decreased by 42% to CNY 9,701,981.91, primarily due to the recovery of advance payments for imported equipment [13]. - Other current assets increased by 2360% to CNY 3,736,929.11, attributed to an increase in VAT credits [14]. - Available-for-sale financial assets rose by 44% to CNY 17,142,298.80, due to investment payments made by a subsidiary [14]. - The company has not reported any significant changes in commitments or potential losses compared to the previous year [17]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth [27].