福耀玻璃(600660) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 reached RMB 4,747.84 million, an increase of 13.11% compared to the same period last year[7] - Net profit attributable to shareholders was RMB 562.62 million, a decrease of 18.80% year-on-year, primarily due to exchange losses and fair value changes totaling RMB 252.09 million[7] - The basic earnings per share decreased by 21.43% to RMB 0.22[7] - The total comprehensive income for Q1 2018 was CNY 357,045,000, a decrease from CNY 709,594,994 in the prior year, showing a decline of approximately 49.7%[32] - The total profit for Q1 2018 was CNY 697,639,346, down from CNY 862,109,816 in the previous year, indicating a decrease of about 19.1%[32] - The net profit for Q1 2018 was CNY 562,688,035, down from CNY 692,032,056 in the same period last year, reflecting a decrease of about 18.7%[32] Cash Flow - Operating cash flow for the period was RMB 1,124.02 million, reflecting a 6.81% increase from the previous year[7] - Cash inflows from operating activities totaled CNY 5,717,570,734, compared to CNY 5,302,422,827 in the previous year, indicating a growth of about 7.8%[36] - Cash obtained from borrowings reached RMB 3,079,765,358, reflecting a 99.13% increase year-on-year[20] - Cash inflow from financing activities amounted to CNY 1,889,003,141, an increase from CNY 1,301,902,701 in Q1 2017, reflecting a growth of around 45%[39] - The net cash flow from financing activities was CNY 725,609,359, compared to CNY 630,301,930 in the same quarter last year, indicating an increase of about 15%[39] - The company reported a net cash increase of CNY 1,800,826,999 for the quarter, compared to CNY 555,863,755 in the previous year, marking a growth of about 224%[39] Assets and Liabilities - Total assets at the end of the reporting period were RMB 33,404.36 million, up 5.36% from the end of the previous year[7] - Total current assets as of March 31, 2018, were RMB 16,442,362,967, compared to RMB 15,006,493,545 at the beginning of the year[24] - Current liabilities rose to CNY 10,913,716,221, compared to CNY 9,651,760,642 at the start of the year, marking a 13.0% increase[25] - Cash and cash equivalents increased to CNY 8,154,693,584 from CNY 6,353,866,585, representing a growth of 28.3%[27] - Long-term borrowings remained stable at CNY 1,738,000,000, slightly up from CNY 1,711,000,000[25] Expenses - Total operating costs for Q1 2018 were CNY 4,031,412,374, up 20.5% from CNY 3,343,866,027 in Q1 2017[30] - Financial expenses surged to RMB 265,408,254, marking a dramatic increase of 919.80% year-on-year[19] - The company's sales expenses for Q1 2018 were CNY 323,477,728, slightly up from CNY 314,753,365 in the previous year, reflecting an increase of approximately 2.3%[32] - Cash paid for dividends and interest increased to RMB 79,990,525, up 138.12% from the same period last year[20] Shareholder Information - The total number of shareholders as of March 31, 2018, was 97,378, including 97,319 A-share shareholders[11] - The company plans to maintain a cash dividend policy, distributing at least 20% of the distributable profits annually, contingent on profitability and cash flow conditions[22] - The company’s board may propose interim dividends based on current profitability and cash flow needs, ensuring shareholder interests are prioritized[22] Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue growth[30]