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祥龙电业(600769) - 2018 Q1 - 季度财报
XLDYXLDY(SH:600769)2018-04-26 16:00

Financial Performance - Operating revenue fell by 59.40% to CNY 10,018,733.66 year-on-year[7] - Net profit attributable to shareholders was CNY -932,577.56, a decrease of 1,191.90% compared to the same period last year[7] - The company reported a significant decline in revenue, indicating potential challenges in market expansion and product development[7] - Operating revenue for Q1 2018 was CNY 10,018,733.66, a decrease of 59.40% compared to CNY 24,676,809.08 in Q1 2017[14] - Total operating revenue for Q1 2018 was CNY 10,018,733.66, a decrease of 59.5% compared to CNY 24,676,809.08 in the same period last year[23] - The company reported a net loss of CNY 737,059,977.59 for Q1 2018, compared to a loss of CNY 738,995,443.03 in the previous year[23] - The company reported a significant increase in investment income, with a decrease of 151.92% in Q1 2018 compared to the previous year[14] - The company reported a significant increase in investment income, amounting to CNY 1,009,323.91, compared to CNY 90,805.18 in the previous year[25] - The total comprehensive income for Q1 2018 was CNY 1,935,465.44, up from CNY 1,039,312.01 in the prior year[26] Cash Flow and Liquidity - Cash flow from operating activities improved significantly to CNY 1,749,649.59, an increase of 723.94% year-on-year[7] - Net cash flow from operating activities improved significantly to CNY 1,749,649.59 from a negative CNY 280,417.92, representing a 723.94% increase[14] - Cash flow from operating activities generated a net inflow of CNY 1,749,649.59, a turnaround from a net outflow of CNY -280,417.92 in the previous year[28] - Total cash inflow from operating activities reached CNY 5,946,335.00, compared to CNY 1,194,514.64 in Q1 2017, indicating a year-over-year increase of approximately 397%[29] - Cash outflow from operating activities decreased to CNY 3,341,994.94 from CNY 4,412,004.59, reflecting a reduction of about 24%[29] - The company experienced a cash outflow from investing activities of CNY 5,531,975.53, compared to a net inflow of CNY 688,423.53 in the same period last year[28] - Cash and cash equivalents at the end of Q1 2018 totaled CNY 13,135,411.22, down from CNY 18,838,831.26 at the end of the previous year[28] - The net increase in cash and cash equivalents for the period was CNY -2,927,635.47, compared to CNY -2,061,095.77 in the same quarter last year[30] - The ending balance of cash and cash equivalents was CNY 7,798,221.89, down from CNY 12,406,155.79 at the end of Q1 2017[30] Assets and Liabilities - Total assets decreased by 5.27% to CNY 133,763,390.93 compared to the end of the previous year[7] - Total assets decreased from CNY 141,207,780.81 to CNY 133,763,390.93, a decline of approximately 5.14%[19] - Total assets as of March 31, 2018, amounted to CNY 136,002,317.11, a decrease from CNY 138,404,866.27 at the beginning of the year[22] - Current liabilities totaled CNY 88,482,098.34, down from CNY 92,820,112.94, indicating a reduction of 4.0%[22] - The company's cash and cash equivalents decreased to CNY 7,798,221.89 from CNY 10,725,857.36, a decline of 27.0%[21] - Accounts receivable decreased by 33.20% from CNY 3,744,361.48 to CNY 2,501,279.97 due to the recovery of prior period receivables[13] - Inventory decreased significantly by 94.62% from CNY 2,598,731.11 to CNY 139,824.63, primarily due to project settlements by subsidiaries[13] - Other receivables increased by 457.94% from CNY 340,492.69 to CNY 1,899,735.66, mainly due to new compensation claims[13] Shareholder Information - The number of shareholders reached 19,636 by the end of the reporting period[11] - The largest shareholder, Wuhan Gehua Group Co., Ltd., holds 20.08% of the shares[11] Earnings and Profitability - Basic and diluted earnings per share remained at CNY 0.003[7] - Operating costs for Q1 2018 decreased by 59.72% to CNY 9,637,673.12 from CNY 23,925,154.56 in Q1 2017[14] - Total operating costs for Q1 2018 were CNY 10,910,425.60, down from CNY 24,590,617.97, reflecting a reduction of 55.7%[23] - Operating profit for Q1 2018 was CNY 1,935,465.44, significantly higher than CNY 974,916.41 in the previous year[25] - The company reported a substantial asset impairment loss of CNY 633,866.48 during the quarter[25] - Financial expenses decreased by 130.47% to CNY -16,333.70, attributed to increased bank interest income from operating funds[14] Future Plans - The company plans to implement a water supply plant renovation project as approved by the board and shareholders[15]