宜宾纸业(600793) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue rose by 52.07% to CNY 345,099,633.15 year-on-year[6] - Net profit attributable to shareholders was CNY 1,695,619.83, a significant recovery from a loss of CNY 49,310,086.68 in the same period last year[6] - Basic earnings per share improved to CNY 0.0161 from a loss of CNY 0.4683 per share in the previous year[6] - Total revenue for the current period reached ¥345,099,633.15, representing a 52.07% increase compared to the previous period's ¥226,936,867.59, driven by increased sales[14] - The net profit for Q1 2018 was ¥1,695,619.83, a turnaround from a net loss of ¥49,310,086.68 in the previous year[26] - The total profit for Q1 2018 was CNY 4,667,616.76, compared to a loss of CNY 49,337,883.61 in the same period last year[31] - Basic and diluted earnings per share were CNY 0.0443, compared to a loss of CNY 0.4685 per share in the same period last year[31] Assets and Liabilities - Total assets increased by 2.73% to CNY 3,635,324,006.57 compared to the end of the previous year[6] - The total assets of the company as of March 31, 2018, amounted to ¥3,635,324,006.57, an increase from ¥3,538,742,538.51 at the beginning of the year[19] - The company’s total liabilities increased to ¥3,487,924,644.92 from ¥3,393,038,796.69, reflecting changes in current and non-current liabilities[20] - The total liabilities increased to ¥3,435,097,654.85 from ¥3,371,911,035.54, marking a rise of 1.9%[23] - Current assets totaled ¥549,043,822.49, an increase of 11.4% from ¥492,885,788.78 at the start of the year[22] Cash Flow - The net cash flow from operating activities was negative at CNY -50,090,124.03, an improvement from CNY -78,712,328.02 in the same period last year[6] - Cash received from operating activities increased by 148.95% to ¥3,150,871.92 from ¥1,265,661.05, reflecting higher guarantee deposits received[15] - Cash received from operating activities totaled CNY 275,872,513.18, down from CNY 292,169,501.70 in the previous year[34] - Cash outflow from operating activities was CNY 325,962,637.21, compared to CNY 370,881,829.72 in the prior year[34] - The net cash flow from financing activities was negative CNY 27,246,537.46, compared to a positive inflow of CNY 14,714,513.65 in the previous year[35] - The ending cash and cash equivalents balance was CNY 74,720,763.15, an increase from CNY 23,668,240.99 at the end of the previous year[35] Shareholder Information - The total number of shareholders reached 10,500 by the end of the reporting period[12] - The largest shareholder, Sichuan Yibin Wuliangye Group, holds 53.84% of the shares[12] Government Support and Future Outlook - The company received government subsidies amounting to CNY 1,360,974.99 during the reporting period[7] - The company anticipates a significant increase in net profit for the next reporting period compared to the same period last year, driven by improved sales prices and signed relocation compensation agreements[15] Inventory and Other Assets - Accounts receivable increased by 31.00% to ¥128,621,139.05 from ¥98,182,633.72, attributed to higher sales during the period[14] - Other current assets surged by 209.87% to ¥29,662,820.31 from ¥9,572,794.19, primarily due to an increase in retained tax credits[14] - The company reported a significant decrease in accounts payable, down 52.13% to ¥187,767,305.36 from ¥392,204,887.40, as a result of repaying construction debts[14] - The company’s cash and cash equivalents increased to ¥126,224,883.15 from ¥99,858,093.00, indicating improved liquidity[18] - Inventory levels increased to ¥256,506,701.47, up 4.9% from ¥244,900,301.11 at the beginning of the year[22]