Shanghai Huayi (SH:600623)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 81.06% to CNY 454.23 million, compared to CNY 250.87 million in the same period last year[6] - The company reported a significant increase in net profit despite a decline in operating revenue, indicating improved cost management or other operational efficiencies[6] - Total profit increased by 98.25% to ¥566,400,430.78, reflecting improved operational performance[13] - The net profit for the period was ¥455,598,041.14, a 99.56% increase compared to the same period last year[13] - The total profit for Q1 2018 was CNY 566,400,430.78, which is a substantial increase of 98.1% from CNY 285,700,678.09 in the same quarter last year[23] - Basic earnings per share rose by 81.06% to CNY 0.21, up from CNY 0.12[6] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.21, up from CNY 0.12 in the previous year, indicating a 75% increase[24] Revenue and Costs - Operating revenue decreased by 6.35% to CNY 10.72 billion, down from CNY 11.45 billion year-on-year[6] - Total operating revenue for Q1 2018 was CNY 10,781,031,267.94, a decrease of 6.2% compared to CNY 11,489,939,231.62 in the same period last year[22] - Total operating costs for Q1 2018 were CNY 10,299,309,603.64, down 8.7% from CNY 11,284,150,084.22 year-over-year[22] - The company experienced a decrease in operating costs to CNY 305,304,370.36 from CNY 366,438,469.65, a reduction of 16.7%[24] Cash Flow - Net cash flow from operating activities was negative at CNY -1.51 billion, a decline of 251.03% compared to CNY 1.00 billion in the previous year[6] - Net cash flow from operating activities decreased by 251.03% to -¥1,511,508,812.60, attributed to a reduction in deposits received and an increase in loans issued[13] - The company reported a cash inflow from operating activities of CNY 13,661,718,005.23, an increase from CNY 13,087,172,871.11 in the previous year[27] - The net cash flow from operating activities was -1,511,508,812.60 RMB, compared to 1,000,812,497.92 RMB in the previous period, indicating a significant decline[28] - Cash outflow for operating activities totaled 772,178,126.41 RMB, compared to 662,042,637.15 RMB previously, reflecting increased operational costs[30] - The net cash flow from investment activities was -641,916,859.76 RMB, an improvement from -769,596,271.79 RMB in the prior period[28] Assets and Liabilities - Total assets increased by 1.62% to CNY 39.42 billion compared to the end of the previous year[6] - The company's total assets reached ¥39,417,599,838.45, up from ¥38,789,379,254.93 at the beginning of the period[16] - Total liabilities as of March 31, 2018, were CNY 3,162,724,652.01, an increase from CNY 3,051,945,943.72 at the start of the year[21] - Total equity attributable to shareholders reached CNY 17,083,900,907.32, up from CNY 16,635,395,427.52 year-over-year[18] Shareholder Information - The total number of shareholders reached 75,129 at the end of the reporting period[10] - The largest shareholder, Shanghai Huayi (Group) Company, holds 42.37% of the shares, totaling 897,174,458 shares[10] Other Income and Expenses - Non-recurring gains and losses amounted to CNY 18.97 million during the reporting period[8] - Interest income rose by 43.89% to ¥59,275,719.76, mainly driven by increased external loans and interbank fund placements[12] - Financial expenses surged by 108.95% to ¥120,000,308.18, primarily due to increased exchange losses during the period[12] - Other income rose by 182.19% to ¥14,122,219.75, mainly from additional government subsidies received[13]