SMIC(SH:600810)2018-04-26 16:00Financial Performance - Operating income decreased by 12.15% to CNY 2,775,453,911.43 year-on-year[7] - Net profit attributable to shareholders increased by 119.82% to CNY 101,789,276.45 compared to the same period last year[7] - Basic earnings per share rose by 130.00% to CNY 0.23 per share[7] - Net profit attributable to shareholders increased by 173.11% to CNY 160,588,480.52 due to profit growth[15] - Net profit for Q1 2018 reached CNY 159,963,053.28, an increase of 126.5% compared to CNY 70,713,126.17 in Q1 2017[32] - Operating profit for Q1 2018 was CNY 168,301,735.54, compared to CNY 73,347,395.26 in Q1 2017, reflecting a strong operational performance[31] Cash Flow - Cash flow from operating activities increased by 121.30% to CNY 615,808,156.24 compared to the same period last year[7] - Net cash flow from operating activities increased by 121.30% to CNY 615,808,156.24 compared to the same period last year[15] - Cash received from sales of goods and services was CNY 1,697,077,617.55, a decrease from CNY 1,883,595,280.22 in Q1 2017[36] - Operating cash inflow for Q1 2018 was CNY 1,760,758,793.16, a decrease of 11.6% compared to CNY 1,991,000,618.65 in Q1 2017[37] - Cash received from sales of goods and services was CNY 1,399,887,356.27, a decline of 37.2% from CNY 2,230,755,565.38 in Q1 2017[40] - Cash paid for goods and services was CNY 901,083,123.55, down 38.4% from CNY 1,464,134,154.06 in the same period last year[37] - The net cash flow from operating activities was CNY 615,808,156.24, a substantial increase from CNY 278,269,352.01 in Q1 2017[37] - Cash inflow from financing activities totaled CNY 820,888,583.37, a decrease from CNY 1,028,844,712.93 in Q1 2017[38] - The company experienced a net decrease in cash and cash equivalents of CNY -208,095,159.69 during the quarter[38] Assets and Liabilities - Total assets increased by 4.58% to CNY 10,386,500,454.36 compared to the end of the previous year[7] - The company's total liabilities reached ¥7,222,139,163.12, up from ¥6,946,042,233.74, indicating an increase of about 3.95%[23] - Total liabilities as of the end of Q1 2018 amounted to CNY 5,791,536,999.65, compared to CNY 5,567,593,480.87 at the end of the previous year[27] - The total cash and cash equivalents at the end of Q1 2018 stood at CNY 1,423,934,066.69, down from CNY 1,351,979,949.59 in the previous year[38] Shareholder Information - The total number of shareholders reached 28,754 at the end of the reporting period[11] - The largest shareholder, China Pingmei Shenma Energy Chemical Group, holds 49.28% of the shares[11] Investments and New Ventures - The company established Henan Shennong Technology Co., Ltd. with a registered capital of CNY 180 million, holding a 51% stake[16] - The company also set up Fujian Shenma New Materials Co., Ltd. with a registered capital of CNY 35.2 million, holding a 29% stake[17] Other Financial Metrics - Financial expenses increased by 102.46% to CNY 90,427,311.72 due to higher exchange losses[15] - Investment income surged by 246.79% to CNY 84,005,062.88 as a result of higher profits from joint ventures[15] - Non-recurring gains and losses totaled CNY 1,153,018.42 for the reporting period[10] - Prepayments increased by 133.66% to CNY 343,142,739.72 due to higher material payments[14] - Other receivables rose by 46.37% to CNY 19,392,680.54 due to increased inter-company transactions[14] - Other non-current assets decreased by 62.81% to CNY 36,028,255.13 due to the offset of prepaid equipment and project invoices[14] - Notes payable increased by 43.49% to CNY 1,999,589,800.00 as a result of more purchases settled via notes[14]