ISS(SH:600756)2018-04-27 16:00Financial Performance - Operating revenue fell by 28.91% to CNY 207,113,682.67 year-on-year, primarily due to a decline in integrated business[7] - Net profit attributable to shareholders decreased by 10.39% to CNY 20,081,232.23 compared to the same period last year[7] - Basic and diluted earnings per share decreased by 14.29% to CNY 0.06[7] - Total operating revenue for Q1 2018 was ¥207,113,682.67, a decrease of 29% compared to ¥291,342,901.00 in the same period last year[23] - Net profit for Q1 2018 was ¥20,013,246.27, down 10% from ¥22,295,881.09 year-over-year[24] - The company's operating profit was ¥20,228,240.29, compared to ¥25,959,957.61 in the previous year, indicating a decline of 22%[23] - The total comprehensive income for Q1 2018 was ¥20,013,246.27, down from ¥22,295,881.09 in the previous year[24] Asset and Liability Changes - Total assets decreased by 1.20% to CNY 2,859,675,679.37 compared to the end of the previous year[7] - Total current assets decreased from CNY 1,856,049,144.26 to CNY 1,793,077,420.78, a decline of approximately 3.0%[15] - Total non-current assets increased from CNY 1,038,257,357.87 to CNY 1,066,598,258.59, reflecting a growth of about 2.7%[16] - Total liabilities decreased from CNY 742,850,106.58 to CNY 686,490,482.00, a reduction of approximately 7.6%[17] - Total equity increased from CNY 2,151,456,395.55 to CNY 2,173,185,197.37, representing a growth of about 1.0%[17] - The company’s total liabilities to equity ratio improved from 0.34 to 0.32, indicating a stronger financial position[17] Cash Flow Analysis - Net cash flow from operating activities improved by 18.67%, reaching a negative CNY 87,973,690.40[7] - Cash inflow from operating activities decreased to ¥228.46 million from ¥368.51 million, a decline of approximately 38% year-over-year[30] - Cash outflow from operating activities decreased to ¥316.44 million from ¥476.68 million, a reduction of about 33% year-over-year[30] - Net cash flow from operating activities improved to -¥87.97 million from -¥108.17 million, showing a smaller loss year-over-year[30] - Cash inflow from investment activities increased significantly to ¥251.56 million from ¥53.00 million, marking a growth of over 373% year-over-year[31] - Net cash flow from investment activities turned positive at ¥134.06 million compared to a negative cash flow of -¥2.44 million in the previous period[31] - Cash inflow from financing activities remained stable at ¥100.00 million, with cash outflow also at ¥100.06 million, resulting in a slight net cash outflow[31] - The ending cash and cash equivalents balance increased to ¥334.27 million from ¥244.50 million, reflecting a growth of approximately 36.7% year-over-year[31] Expense Management - Sales expenses decreased by 32.91% year-on-year, attributed to reductions in travel, business entertainment, and marketing expenses[13] - Management expenses rose by 42.15% year-on-year, primarily due to increased R&D investment and asset depreciation related to fundraising projects[13] - Sales expenses were reported at ¥29,245,697.11, a decrease of 33% from ¥43,593,359.31 year-over-year[23] - Management expenses rose to ¥113,472,224.82, up 42% from ¥79,827,341.39 in the previous year[23] Investment Performance - Investment income increased by 75.95% year-on-year, mainly due to increased operating profit from Inspur Lejin Digital Mobile Communication Co., Ltd.[13] - Investment income increased significantly to ¥43,772,902.33 from ¥24,878,260.36, marking a growth of 76%[23] - The company received ¥242.80 million from investment recoveries, a substantial increase from ¥43.00 million in the previous period[33] - The company paid ¥100.00 million for investments, up from ¥18.00 million, indicating a strategic increase in investment activities[31] Inventory and Receivables - Accounts receivable increased from CNY 454,134,155.99 to CNY 463,378,904.91, representing a growth of about 2.7%[15] - Inventory rose from CNY 161,878,074.97 to CNY 183,697,918.76, an increase of approximately 13.5%[15] - Prepayments increased by 43.26% compared to the beginning of the period, mainly due to an increase in prepayments for projects not yet recognized as revenue[13]