江南水务(601199) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 36,905,547.39, down 20.88% year-on-year[7] - Operating revenue for the period was CNY 201,163,821.64, a decrease of 7.99% compared to the same period last year[7] - Basic earnings per share decreased by 20.00% to CNY 0.04[7] - The weighted average return on equity was 1.36%, a decrease of 0.45 percentage points from the previous year[7] - Total operating revenue for Q1 2018 was CNY 201,163,821.64, a decrease of 8.5% compared to CNY 218,635,383.91 in the same period last year[27] - Net profit for Q1 2018 was CNY 36,905,547.39, down 21% from CNY 46,644,257.65 in Q1 2017[29] - Operating profit decreased to CNY 49,889,572.86, a decline of 19.9% from CNY 62,304,752.17 in the previous year[28] - The total operating costs for Q1 2018 were CNY 153,897,930.49, a decrease of 5.7% from CNY 163,266,277.10 in the same period last year[28] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.04, compared to CNY 0.05 in Q1 2017[29] Cash Flow - The net cash flow from operating activities was CNY 57,412,469.75, an increase of 25.78% year-on-year[7] - Cash flow from operating activities was CNY 218,537,620.76, an increase of 13.1% from CNY 193,353,609.71 in the previous year[33] - The net cash flow from operating activities for Q1 2018 was ¥57,412,469.75, an increase of 25.5% compared to ¥45,646,589.11 in the same period last year[34] - The total cash inflow from operating activities was ¥112,945,246.62, slightly down from ¥113,128,571.94 in the previous year[37] - The company reported a net cash outflow from financing activities of CNY -3,799,695.00, an increase of 66.67% from CNY -2,279,826.00 in the same period last year, due to increased interest expenses on convertible bonds[15] - The net cash flow from financing activities was -¥3,799,695.00, compared to -¥2,279,826.00 in the same period last year, indicating an increase in cash outflow[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,869,991,391.54, a decrease of 0.33% compared to the end of the previous year[7] - Total assets as of March 31, 2018, amounted to CNY 4,147,829,038.46, down from CNY 4,172,836,139.70 at the beginning of the year[26] - Total liabilities decreased to CNY 1,650,008,178.38 from CNY 1,686,919,583.51 at the start of the year, reflecting a reduction of approximately 2.2%[26] - The total equity attributable to shareholders increased to CNY 2,497,820,860.08 from CNY 2,485,916,556.19, reflecting a growth of 0.6%[26] - The company's non-current assets totaled CNY 2,802,149,729.36, an increase from CNY 2,739,755,976.34 at the beginning of the year[25] Shareholder Information - The number of shareholders at the end of the reporting period was 44,120[10] - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., held 35.19% of the shares[10] Investment Activities - Cash flow from investment activities showed a significant increase of CNY 271,754,236.78, reaching CNY 200,779,487.21, compared to a negative cash flow of CNY -70,974,749.57 in the previous year, attributed to idle fundraising funds not being managed[15] - Investment income for the first quarter of 2018 was CNY 1,259,699.16, a decrease of 78.49% compared to the same period last year, with no financial management income reported[14] - The company established Jiangsu Jiangnan Environmental Technology Co., Ltd., with an investment of CNY 2.9 million, holding a 29% stake, aimed at enhancing water environment technology research and development[17] Changes in Financial Metrics - Significant changes in accounts receivable included a decrease of 31.60% in notes receivable due to bank acceptance bills being redeemed[12] - The company reported a 39.85% decrease in tax and additional fees, influenced by the tax reform affecting its subsidiary[13] - Deferred income tax liabilities decreased to CNY 19,080,552.16 from CNY 20,580,271.65, a reduction of approximately 7.3%[22] - The company reported a decrease in employee compensation payable to CNY 20,749,795.07 from CNY 37,126,608.47, a decline of 44.1%[25] - Other income increased to CNY 1,363,982.55 from CNY 1,089,082.17 in the previous year, reflecting a growth of 25.2%[28] Inventory and Cash Management - The company’s inventory rose to CNY 73,925,569.45 from CNY 60,133,499.33, indicating a 22.9% increase, which may impact future cash flow[20] - Cash and cash equivalents increased to CNY 1,496,407,294.78 from CNY 1,173,985,617.92 at the beginning of the year, indicating improved liquidity[20] - Cash and cash equivalents at the end of the period increased to ¥636,663,170.99, compared to ¥483,695,171.91 at the end of Q1 2017, representing a growth of 31.6%[35] - Cash and cash equivalents increased significantly to CNY 881,122,550.20 from CNY 555,634,572.45, representing a growth of 58.5%[24]