重庆水务(601158) - 2018 Q1 - 季度财报

Important Notice Board of Directors' Statement The Board of Directors, Supervisory Board, and senior management affirm the truthfulness and completeness of this unaudited quarterly report - Company management guarantees the truthfulness, accuracy, and completeness of this quarterly report[7] - This company's first quarter report is unaudited[7] Company Overview Key Financial Data In Q1 2018, operating revenue grew by 11.33% to RMB 976 million, while net profit attributable to shareholders declined by 42.99% to RMB 319 million due to a high prior-year base Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Year Period | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 976,338,577.38 | 876,980,127.43 | 11.33% | | Net Profit Attributable to Shareholders (RMB) | 318,754,868.52 | 559,147,807.57 | -42.99% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 290,662,044.29 | 543,852,999.11 | -46.56% | | Net Cash Flow from Operating Activities (RMB) | 358,402,162.72 | 276,347,441.01 | 29.69% | | Basic Earnings Per Share (RMB/share) | 0.07 | 0.12 | -41.67% | | Weighted Average Return on Net Assets (%) | 2.22% | 4.08% | Decrease of 1.86 percentage points | - Total non-recurring gains and losses for the period amounted to RMB 28.09 million, primarily comprising government subsidies and non-operating income/expenses[7][8] Shareholder Information As of the reporting period end, the company had 49,204 shareholders, with the top two state-owned entities holding a concentrated 88.56% stake as parties acting in concert - As of the end of the reporting period, the company had 49,204 shareholders[9] Top Two Shareholders' Holdings | Shareholder Name | Number of Shares Held | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Chongqing Derun Environment Co, Ltd | 2,401,800,000 | 50.04 | State-owned Legal Entity | | Chongqing Water Assets Management Co, Ltd | 1,849,160,689 | 38.52 | State-owned Legal Entity | - The top two shareholders, Chongqing Derun Environment Co, Ltd and Chongqing Water Assets Management Co, Ltd, are parties acting in concert[10] Significant Events Analysis of Significant Changes in Key Financial Statement Items and Indicators Significant financial changes include a 41.95% decrease in cash due to bond redemption and wealth management product purchases, and a 42.86% decline in net profit due to a high prior-year base from a VAT refund - Cash and cash equivalents at period-end decreased by 41.95% from the beginning of the year, primarily due to the redemption of the '12 Yu Shui Wu' corporate bond principal and interest totaling RMB 1.577 billion and the purchase of RMB 1 billion in entrusted wealth management products[11] - Other receivables at period-end increased by 89.24% from the beginning of the year, mainly due to the purchase of RMB 1 billion in principal-protected, income-guaranteed entrusted wealth management products[11][12] - Net profit and basic earnings per share significantly decreased year-on-year, primarily because the company received a RMB 338 million VAT refund for centralized procurement of sewage treatment services from the Chongqing Municipal Finance in the prior year, which was recorded as 'Other Income' and is absent this period[13][14] Progress of Significant Events On January 29, 2018, the company fully redeemed the '12 Yu Shui Wu' corporate bond, totaling RMB 1.5768 billion in principal and interest, leading to its delisting - On January 29, 2018, the company timely and fully redeemed the principal and interest of the '12 Yu Shui Wu' corporate bond, totaling RMB 1.5768 billion, and the bond has been delisted[16] Appendix Financial Statements This appendix provides the company's unaudited consolidated and parent company financial statements for Q1 2018 - Consolidated Balance Sheet as of March 31, 2018 is provided[18][19] - Consolidated Income Statement for January-March 2018 is provided[26][27] - Consolidated Cash Flow Statement for January-March 2018 is provided[31][33]