2018-04-25 16:00Financial Performance - Operating revenue for Q1 2018 reached CNY 42.66 billion, a 13.01% increase year-on-year[6] - Net profit attributable to shareholders grew by 14.02% to CNY 1.98 billion, while net profit excluding non-recurring gains increased by 20.53% to CNY 1.76 billion[6] - Total operating revenue for Q1 2018 reached ¥42.66 billion, an increase of 13.4% compared to ¥37.75 billion in the same period last year[35] - Net profit for Q1 2018 reached CNY 2.47 billion, up from CNY 2.15 billion year-over-year, indicating a growth of about 15%[36] - Operating profit for the quarter was CNY 2.82 billion, compared to CNY 2.47 billion in Q1 2017, reflecting an increase of approximately 14.5%[36] - The company reported a basic earnings per share of CNY 0.325, compared to CNY 0.285 in the previous year, marking an increase of about 14%[37] - Total comprehensive income for Q1 2018 was CNY 2.14 billion, slightly down from CNY 2.15 billion in the same quarter last year[37] Revenue Growth - Domestic home appliance business revenue rose by 21.9%, achieving over 20% growth for six consecutive quarters[8] - GEA's dollar revenue grew by 5.9%, with overall market share increasing by 1.5 percentage points[9] - The "Dazhongguang" platform achieved a transaction volume of CNY 2.87 billion, marking a 109% increase[10] - The COSMO Plat platform generated revenue of CNY 566 million in Q1 2018, a new business segment introduced this year[11] - The smart home ecosystem generated ecological revenue of CNY 54 million, reflecting a 140% year-on-year growth[12] Asset and Liability Changes - Total assets increased by 2.02% to CNY 154.53 billion compared to the end of the previous year[6] - The company's cash and cash equivalents decreased to CNY 34.07 billion from CNY 35.18 billion, representing a decline of about 3.2%[26] - Accounts receivable increased to CNY 15.83 billion, up from CNY 12.45 billion, indicating a growth of approximately 27.5%[26] - Inventory levels rose to CNY 22.85 billion, compared to CNY 21.50 billion at the beginning of the year, marking an increase of about 6.3%[26] - Current liabilities totaled CNY 80.39 billion, up from CNY 76.89 billion, which is an increase of approximately 4.9%[27] - The company's short-term borrowings increased to CNY 11.11 billion from CNY 10.88 billion, reflecting a rise of about 2.1%[27] - Long-term borrowings decreased to CNY 13.61 billion from CNY 16.04 billion, indicating a reduction of approximately 15.1%[27] Cash Flow Analysis - Net cash flow from operating activities decreased by 65.73% compared to the same period last year, mainly due to a high base from the previous year[15] - Net cash flow from investing activities decreased by 33.94% compared to the same period last year, primarily due to increased expenditures for factory and warehouse construction[15] - Net cash flow from financing activities decreased by 76.17% compared to the same period last year, mainly due to increased repayments of borrowings[15] - The net cash flow from operating activities for Q1 2018 was CNY 1,990,934,744.45, a decrease of 65.7% compared to CNY 5,809,584,002.50 in the same period last year[43] - The total cash and cash equivalents at the end of the period were CNY 32,749,533,354.91, down from CNY 34,340,013,574.22 at the beginning of the period[44] Financial Position and Outlook - The total amount of external guarantees was 28.38 billion RMB, accounting for 88.3% of the latest audited net assets[17] - The balance of foreign exchange derivative transactions was approximately 3.58 billion USD as of the end of the reporting period[17] - The company did not anticipate significant changes in net profit compared to the previous year, indicating a stable outlook for the upcoming reporting period[23] - The report did not provide specific details on new product developments or market expansion strategies for the upcoming quarters[25] - The company plans to expand its market presence and invest in new product development to drive future growth[35]