ZJHM(SH:600987)2018-04-24 16:00Financial Performance - Operating revenue rose by 15.97% to CNY 833,446,940.86 year-on-year[6] - Net profit attributable to shareholders increased by 10.51% to CNY 103,442,435.73 compared to the same period last year[6] - Basic earnings per share increased by 10.88% to CNY 0.163 per share[6] - Total revenue for Q1 2018 reached ¥833,446,940.86, an increase of 15.9% compared to ¥718,693,284.90 in the same period last year[26] - Net profit for Q1 2018 was ¥122,630,519.11, representing a 10.5% increase from ¥110,880,171.57 in Q1 2017[27] - Earnings per share for Q1 2018 were ¥0.163, compared to ¥0.147 in the previous year, reflecting an increase of 10.8%[28] - The total profit for Q1 2018 was approximately ¥134.78 million, an increase of 13.9% compared to ¥118.47 million in the same period last year[32] - The net profit for Q1 2018 reached ¥130.08 million, up from ¥110.69 million, reflecting a growth of 17.5% year-over-year[32] - The total equity of the company reached ¥2,346,912,008.45, an increase of 5.9% from ¥2,216,834,140.25 in the previous year[24] Asset and Liability Changes - Total assets increased by 3.00% to CNY 4,996,704,530.80 compared to the end of the previous year[6] - As of March 31, 2018, total assets amounted to CNY 4,996,704,530.80, an increase from CNY 4,851,047,860.10 at the beginning of the year[19] - Current assets totaled CNY 2,814,901,926.79, up from CNY 2,706,465,218.24 at the start of the year[18] - The company’s total liabilities reached CNY 934,342,481.31, compared to CNY 872,416,329.72 at the beginning of the year[20] - Total liabilities decreased to ¥164,574,258.29 in Q1 2018 from ¥184,915,035.69 in the same period last year, a reduction of 11%[24] Cash Flow and Investment Activities - Net cash flow from operating activities decreased by 52.32% to CNY 72,205,645.44 compared to the previous year[6] - Cash inflow from operating activities amounted to ¥793.24 million, compared to ¥734.64 million in the previous year, indicating a growth of 8%[35] - The net cash flow from operating activities was ¥72.21 million, a decrease of 52.3% from ¥151.44 million in the same period last year[35] - Cash outflow from investing activities totaled ¥108.25 million, compared to ¥85.75 million in the previous year, representing a 26.2% increase[36] - The net cash flow from investing activities was -¥95.61 million, worsening from -¥2.25 million year-over-year[36] - The company reported a cash inflow from financing activities of ¥20 million, compared to a cash outflow of ¥419,090.66 in the previous year[36] Expense and Financial Changes - Long-term deferred expenses increased by 206.45% to CNY 4,080,868.34 due to increased renovation expenses[13] - Accounts payable increased by 216.33% to CNY 31,000,000.00 due to increased bank acceptance bills issued by subsidiaries[13] - Sales expenses increased by 60.81% to CNY 16,253,930.09 primarily due to increased salaries and business expenses[13] - Financial expenses increased by 195.73% to CNY 1,704,779.45 due to increased loans and foreign exchange losses[13] - Other income decreased to CNY 3,603,272.53 from CNY 5,443,576.64, reflecting a 33.81% decline primarily due to reduced government subsidies[14] Strategic Developments - The company is planning to acquire a stake in Hangzhou Hangmin Baitai Jewelry Co., which constitutes a major asset restructuring, and the stock has been suspended since March 5, 2018[14]