海南橡胶(601118) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 27.36% to CNY 1,093,138,068.68 compared to the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 252,892,859.27, a decrease of 1,897.59% compared to the same period last year[8] - Basic earnings per share decreased to CNY -0.0625 from CNY 0.0036, a decline of 1,836.11%[8] - Operating revenue decreased by 27.36% to CNY 1,093,138,068.68 compared to CNY 1,504,842,277.67 in the same period last year[24] - Operating costs decreased by 28.66% to CNY 1,024,834,737.88 from CNY 1,436,626,250.84 year-on-year[24] - Investment income decreased by 15.42% to CNY 42,492,202.91 compared to CNY 50,239,563.39 in the previous year[24] - The company reported a decrease in undistributed profits due to operational losses during the reporting period[23] - The total comprehensive income attributable to the parent company was a loss of CNY 245,719,073.46, compared to a gain of CNY 14,338,454.54 in the previous year[50] - The company reported a significant increase in asset impairment losses, totaling CNY 98,958,142.64, compared to CNY 2,951,501.14 in the previous year[50] Assets and Liabilities - Total assets increased by 8.86% to CNY 14,553,019,757.75 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 19.86% to CNY 9,324,991,668.88 compared to the end of the previous year[8] - The company has no long-term borrowings as of the end of the reporting period, a decrease of 100% compared to the previous year[12] - The total liabilities decreased to ¥3,135,950,019.64 from ¥3,387,502,767.17, a reduction of 7.4%[44] - Deferred income tax assets increased due to the corresponding increase in inventory impairment provisions[16] - The company’s deferred income tax liabilities rose to ¥12,644,638.78 from ¥2,236,587.50, indicating a substantial increase[44] Cash Flow - Cash flow from operating activities improved by 60.17%, with a net outflow of CNY 207,015,175.47 compared to CNY 519,695,008.66 in the previous year[8] - Cash flow from financing activities increased significantly by 391.85% to CNY 1,459,835,907.80 from CNY 296,807,646.72 year-on-year[34] - The net cash flow from operating activities was a negative CNY 207,015,175.47, an improvement from a negative CNY 519,695,008.66 in the previous year[52] - Cash and cash equivalents at the end of the period increased to CNY 2,897,504,536.42 from CNY 1,902,908,465.27 in the previous year[53] - The company raised CNY 714,660,997.74 in borrowings during the quarter, compared to CNY 575,929,444.42 in the previous year[53] - Cash inflow from financing activities reached $2.09 billion, with significant contributions from a $300 million loan and $1.79 billion from other financing activities[56] - The overall net increase in cash and cash equivalents was $1.18 billion, a significant turnaround from a decrease of $402.6 million in the previous period[56] Government Support and Investments - The company received government subsidies amounting to CNY 24,876,415.14, which are closely related to its normal business operations[8] - Other current assets increased mainly due to the purchase of financial products during the period[15] - The company completed a non-public offering of 348,256,197 shares, raising a total of CNY 1,797,001,976.52 to strengthen its position in the natural rubber industry[34] Inventory and Impairment - Inventory levels increased to ¥562,734,999.23 from ¥474,121,347.88, an increase of 18.6%[43] - The company reported an asset impairment loss of ¥258,828,691.28, a significant increase compared to ¥6,261,909.69 in the previous year[46] - Asset impairment losses increased significantly by 4,033.38% to CNY 258,828,691.28, primarily due to a decline in the net realizable value of inventory[24]