CATEC(SH:600879)2018-04-26 16:00Financial Performance - Operating revenue for the period reached CNY 2.68 billion, representing a growth of 9.53% year-on-year[6] - Net profit attributable to shareholders was CNY 99.85 million, up 10.17% from the same period last year[6] - Basic earnings per share increased by 8.82% to CNY 0.037[6] - Total operating revenue for Q1 2018 was CNY 2,676,011,456.95, an increase of 9.5% compared to CNY 2,443,179,792.61 in the same period last year[26] - Net profit for Q1 2018 reached CNY 107,354,506.73, representing a 14.3% increase from CNY 93,847,526.92 in Q1 2017[26] - The company's net profit attributable to shareholders for Q1 2018 was CNY 99,845,182.47, an increase of 10.1% compared to CNY 90,624,202.41 in the same period last year[27] - The total comprehensive income for Q1 2018 was CNY 107,354,506.73, compared to CNY 93,847,526.92 in the same period last year, representing a growth of 14.4%[27] Assets and Liabilities - Total assets increased by 6.64% to CNY 23.85 billion compared to the end of the previous year[6] - The company's total current assets increased from CNY 16,799,883,395.57 to CNY 18,221,620,211.99, reflecting a growth of approximately 8.45%[19] - Total assets of the company rose from CNY 22,360,353,538.60 to CNY 23,846,108,274.08, marking an increase of approximately 6.63%[19] - Total liabilities increased to CNY 1,699,481,559.71 from CNY 1,614,823,755.34, marking a rise of 5.3%[22] Cash Flow - The net cash flow from operating activities was CNY -739.41 million, a slight improvement of 0.59% compared to the previous year[6] - The net cash flow from operating activities for Q1 2018 was CNY -739,414,536.42, slightly better than CNY -743,802,910.68 in the same quarter last year[31] - The net cash flow from financing activities was CNY 1,493,876,380.54, a decrease from CNY 1,874,613,550.27 in the previous year, indicating a reduction in financing inflows[32] - Cash inflow from financing activities totaled ¥2,415,415,352.91, down from ¥4,067,602,789.14 in the same period last year[34] Shareholder Information - The total number of shareholders reached 166,682 by the end of the reporting period[11] - The largest shareholder, China Aerospace Times Electronics Co., Ltd., held 21.57% of the shares[11] Operational Insights - The company did not report any significant new product developments or market expansion strategies in this quarter[13] - The company's prepaid expenses decreased by 45.02% from CNY 1,389,637,763.30 to CNY 764,090,958.16, primarily due to the settlement of previously prepaid purchase amounts during the reporting period[14] - Other current assets increased by 45.21% from CNY 28,101,402.98 to CNY 40,804,739.67, mainly due to an increase in the value-added tax input tax credits[14] - Short-term borrowings rose by 36.19% from CNY 3,552,130,000.00 to CNY 4,837,630,000.00, attributed to the need for additional working capital for production and operations[14] Capital Management - The company plans to utilize surplus funds of CNY 9,888,800 for permanent working capital supplementation, as approved by the board[15] - CNY 10 billion of idle raised funds will be temporarily used to supplement working capital, with all funds returned by March 30, 2018[15] - The company has completed the capital increase for several subsidiaries, including the Aerospace Changzheng Rocket Technology Co., Ltd., and is in the process of handling related business changes[16]