东方通信(600776) - 2018 Q1 - 季度财报

Important Notice This section outlines the company's commitment to the accuracy of its quarterly report and its unaudited status Report Authenticity and Responsibility Statement The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false statements, misleading representations, or major omissions[4] - Director Ma Lihong was absent from the board meeting due to work reasons and delegated Director Du Tao to attend on his behalf[4] - Company head Guo Duanduan, head of accounting Zhao Wei, and head of accounting department Zhuge Mao guarantee the truthfulness, accuracy, and completeness of the financial statements[4] Report Audit Status This company's 2018 first quarter report is unaudited - This company's first quarter report is unaudited[4] Company Basic Information This section provides an overview of the company's key financial performance and shareholder structure for the reporting period Overview of Key Financial Data In Q1 2018, operating revenue grew by 13.36%, net profit attributable to shareholders increased by 10.13%, and operating cash flow loss narrowed | Indicator | End of Current Period/Year-to-Date | End of Prior Year/Prior Year-to-Date | Change (%) | | :--- | :--- | :--- | :--- | | Balance Sheet (Period End): | | | | | Total Assets (RMB) | 3,703,090,569.93 | 3,771,709,106.79 | -1.82 | | Net Assets Attributable to Shareholders (RMB) | 3,042,072,875.87 | 3,021,432,913.25 | 0.68 | | Income Statement (Year-to-Date): | | | | | Operating Revenue (RMB) | 499,734,895.44 | 440,839,774.31 | 13.36 | | Net Profit Attributable to Shareholders (RMB) | 20,639,962.62 | 18,742,304.27 | 10.13 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 13,400,450.64 | 14,842,533.37 | -9.72 | | Weighted Average Return on Net Assets (%) | 0.68 | 0.63 | Increased by 0.05 percentage points | | Basic Earnings Per Share (RMB/share) | 0.01643309 | 0.01492222 | 10.12 | | Diluted Earnings Per Share (RMB/share) | 0.01643309 | 0.01492222 | 10.12 | | Cash Flow Statement (Year-to-Date): | | | | | Net Cash Flow from Operating Activities (RMB) | -202,204,385.32 | -228,584,497.36 | N/A (Loss narrowed) | Non-recurring Gains and Losses Items and Amounts | Item | Current Period Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 8,779.39 | | Government grants recognized in current profit or loss | 399,789.43 | | Other non-operating income and expenses apart from the above | -107,058.90 | | Other gains and losses defined as non-recurring | 8,222,369.10 | | Impact of minority interests (after tax) | -2,809.66 | | Income tax impact | -1,281,557.38 | | Total | 7,239,511.98 | Shareholding Status of Shareholders The company had 81,151 shareholders, with Potevio Eastern Communications Group Co., Ltd. as the largest shareholder at 45.439% - As of the end of the reporting period, the company had 81,151 shareholders[10] Top Ten Shareholders' Shareholding Status | Shareholder Name (Full Name) | Shares Held at Period End | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Potevio Eastern Communications Group Co., Ltd. | 570,712,740 | 45.439 | State-owned Legal Entity | | China Securities Finance Corporation Limited | 32,154,781 | 2.560 | State-owned Legal Entity | | Central Huijin Asset Management Co., Ltd. | 17,168,500 | 1.367 | State-owned Legal Entity | | ISHARES CORE MSCI EMERGING MARKETS ETF | 4,262,206 | 0.339 | Foreign Legal Entity | | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | 3,784,449 | 0.301 | Foreign Legal Entity | | HONG KONG SECURITIES CLEARING COMPANY LIMITED | 3,572,723 | 0.284 | Foreign Legal Entity | | Xie Wencheng | 3,537,762 | 0.282 | Domestic Natural Person | | NORGES BANK | 3,109,400 | 0.248 | Foreign Legal Entity | | China Asset Management - Agricultural Bank of China - China Securities Finance Asset Management Plan | 3,084,400 | 0.246 | Other | | Liu Wei | 2,948,200 | 0.235 | Domestic Natural Person | - Potevio Eastern Communications Group Co., Ltd. is the company's largest shareholder, holding 45.439% of shares, all of which are unrestricted tradable shares[10] Significant Matters This section details major changes in financial statement items, their causes, and confirms the absence of other significant disclosures or unfulfilled commitments Major Financial Item Changes and Reasons Several accounting items saw significant changes, including a 283.43% increase in interest receivable and a 31.52% rise in sales expenses Major Accounting Item Changes | Accounting Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Interest Receivable | 283.43 | Primarily due to increased unexpired interest income from the company's fixed deposits | | Other Current Assets | -61.10 | Primarily due to the maturity and recovery of the company's reverse repurchase agreements | | Notes Payable | -65.45 | Primarily due to differences in the execution progress of the company's procurement contracts | | Employee Compensation Payable | -53.12 | Primarily due to the company's payment of previous year's employee compensation | | Taxes Payable | -78.65 | Primarily due to the company's payment of previous year's taxes | | Selling Expenses | 31.52 | Primarily due to the company's increased market development efforts for smart self-service equipment | | Financial Expenses | -90.58 | Primarily due to the company's structured deposit related income being recognized as investment income | | Investment Income | 33.60 | Primarily due to the company's structured deposit related income being recognized as investment income | | Non-operating Income | 80.96 | Primarily due to an increase in government grants received by the company in the current period | Progress of Significant Matters No significant matters requiring disclosure of progress, impact, or solutions were identified during this reporting period - No significant matters requiring disclosure of progress, impact, or solutions during this reporting period[11] Overdue Unfulfilled Commitments The company had no overdue unfulfilled commitments during this reporting period - No overdue unfulfilled commitments during this reporting period[11] Performance Warning The company has not issued any performance warning regarding potential cumulative net profit loss or significant change - The company has not issued any warning or explanation regarding a potential cumulative net profit loss or significant change from the beginning of the year to the end of the next reporting period[11] Appendix This appendix provides detailed unaudited consolidated and parent company financial statements for the first quarter of 2018 Financial Statement Details The appendix includes unaudited consolidated and parent company balance sheets, income statements, and cash flow statements - The appendix includes unaudited consolidated and parent company balance sheets, income statements, and cash flow statements[12][16][21][25][26][28] Consolidated Balance Sheet Key Data (March 31, 2018) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | | :--- | :--- | :--- | | Cash and Bank Balances | 778,128,728.01 | 743,510,598.38 | | Total Current Assets | 2,688,107,683.44 | 2,779,358,657.35 | | Total Non-Current Assets | 1,014,982,886.49 | 992,350,449.44 | | Total Assets | 3,703,090,569.93 | 3,771,709,106.79 | | Total Current Liabilities | 612,472,005.36 | 703,068,645.34 | | Total Liabilities | 619,659,961.80 | 708,256,601.78 | | Total Equity Attributable to Parent Company Shareholders | 3,042,072,875.87 | 3,021,432,913.25 | | Total Shareholders' Equity | 3,083,430,608.13 | 3,063,452,505.01 | Consolidated Income Statement Key Data (January-March 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 499,734,895.44 | 440,839,774.31 | | Operating Profit | 24,297,655.77 | 21,581,329.87 | | Total Profit | 24,590,386.30 | 21,698,085.14 | | Net Profit | 19,978,103.12 | 17,896,477.80 | | Net Profit Attributable to Parent Company Shareholders | 20,639,962.62 | 18,742,304.27 | | Basic Earnings Per Share (RMB/share) | 0.016 | 0.015 | Consolidated Cash Flow Statement Key Data (January-March 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -202,204,385.32 | -228,584,497.36 | | Net Cash Flow from Investing Activities | 236,992,116.09 | 100,920,443.80 | | Net Cash Flow from Financing Activities | 0.00 | -15,100,937.50 | | Net Increase in Cash and Cash Equivalents | 34,618,129.63 | -142,828,847.16 | | Cash and Cash Equivalents at Period End | 286,028,728.01 | 472,584,241.90 | Audit Report This quarterly report is unaudited, therefore no audit report is included - This quarterly report is unaudited, thus no audit report is included[29]