Yueda Inv.(SH:600805)2018-04-27 16:00Financial Performance - Operating revenue rose by 48.29% to CNY 501,309,049.90 year-on-year[6] - Net profit attributable to shareholders increased by 391.48% to CNY 40,661,574.13 compared to the same period last year[6] - Basic earnings per share reached CNY 0.048, a 391.48% increase from CNY 0.010 in the previous year[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 25,999,708.88, a 165.98% increase year-on-year[6] - Operating profit surged to RMB 50,662,685.34, a remarkable increase of 200.02% from RMB 16,886,512.04 year-on-year[13] - Net profit for Q1 2018 reached CNY 45,471,035.31, compared to CNY 10,069,302.44 in the same period last year, representing a substantial increase[26] - The company reported a total comprehensive income of CNY 43,018,859.30 for Q1 2018, compared to CNY 23,888,802.44 in the previous year[26] Asset and Liability Management - Total assets increased by 8.80% to CNY 10,513,518,283.57 compared to the end of the previous year[6] - Total assets amounted to CNY 11,215,431,246.03, up from CNY 10,322,811,392.56 at the beginning of the year, reflecting a growth of 8.7%[23] - Current liabilities increased to CNY 3,552,854,691.75, compared to CNY 2,733,957,219.56 at the start of the year, representing a rise of 30%[23] - Non-current liabilities totaled CNY 286,471,304.75, up from CNY 237,280,836.44, indicating a growth of 20.8%[23] - The total liabilities increased to CNY 3,839,325,996.50 from CNY 2,971,238,056.00, representing a growth of 29.2%[23] - Owner's equity reached CNY 7,376,105,249.53, slightly increasing from CNY 7,351,573,336.56, showing a marginal growth of 0.3%[23] Cash Flow Analysis - Cash flow from operating activities increased by 6.74% to CNY 81,674,083.68 compared to the same period last year[6] - Cash and cash equivalents increased significantly to RMB 1,331,614,221.16, up 116.24% from RMB 615,801,374.33 at the beginning of the year[13] - The net cash flow from operating activities for the first quarter of 2018 was ¥81,674,083.68, an increase from ¥76,520,085.67 in the previous year, representing a growth of approximately 2.9%[31] - The net cash flow from investing activities was -¥18,687,877.88, compared to a positive cash flow of ¥4,100,958.76 in the same period last year, indicating a significant decline[32] - The net cash flow from financing activities was ¥652,873,505.42, a substantial improvement from -¥48,221,060.79 in the previous year, reflecting a positive shift in financing operations[32] - The company’s net cash increase for the period was ¥715,812,846.83, compared to ¥32,432,563.48 in the previous year, showing a significant improvement in cash generation[32] Shareholder Information - The total number of shareholders reached 50,259 at the end of the reporting period[9] - Jiangsu Yueda Group Co., Ltd. held 28.05% of the shares, with 117,229,700 shares pledged[9] Investment and Growth - The company anticipates continued growth in revenue and profit due to the expansion of its business scope, particularly with the inclusion of Yueda Intelligent Agricultural Equipment[14] - The company reported a significant increase in construction in progress, which rose to RMB 23,580,147.07, up 788.62% from RMB 2,653,565.57 year-on-year[13] - The investment income from the transfer of the subsidiary amounted to RMB 12,910,000, contributing to the increase in operating profit[14] Operational Costs - The increase in operating costs was in line with the revenue growth, with costs rising to RMB 406,241,352.29, a 49.01% increase from RMB 272,628,239.51[13] - The total operating costs for Q1 2018 were CNY 540,189,100.42, up from CNY 395,047,921.55 in the previous year, reflecting increased operational expenses[25] - The company experienced a decrease in management expenses, which were CNY 83,377,458.86 in Q1 2018, compared to CNY 80,715,773.23 in the previous year[25]