四方股份(601126) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue increased by 7.71% to CNY 504,651,968.29 compared to the same period last year[6] - Net profit attributable to shareholders was CNY -18,448,569.45, showing a slight improvement from CNY -19,154,225.96 in the previous year[6] - The company reported a basic earnings per share of CNY -0.0227, showing a slight improvement from CNY -0.0236 in the previous year[6] - Net profit for Q1 2018 was a loss of CNY 20,233,800.49, slightly worse than the loss of CNY 20,063,314.88 in Q1 2017[26] - The company reported an operating loss of CNY 24,207,123.64, an improvement from the loss of CNY 34,476,919.34 in the previous year[26] - The net profit for the current period was ¥5,453,461.56, a significant decrease of 80.54% from ¥27,964,943.31 in the previous period[29] - The total profit for the current period was ¥3,623,825.95, down 86.83% from ¥27,498,519.95 in the previous period[29] Cash Flow - Cash flow from operating activities improved by CNY 131,332,723.44, resulting in a net cash outflow of CNY -47,011,005.14[11] - Cash flow from operating activities increased compared to the same period last year, mainly due to an increase in customer purchase payments received[13] - The cash flow from operating activities showed a net outflow of ¥47,011,005.14, an improvement from a net outflow of ¥178,343,728.58 in the previous period[33] - The company reported a total operating cash inflow of ¥817,664,506.81, compared to ¥714,787,343.35 in the previous period, reflecting a growth of 14.43%[33] - The net cash flow from investing activities was -6,798,224.15 in Q1 2018, compared to -18,400,907.53 in the same period last year, indicating an improvement[36] - The net cash flow from financing activities was -71,729,291.68, a significant decrease from the previous year's net inflow of 156,395,195.26[36] Assets and Liabilities - Total assets decreased by 2.27% to CNY 5,383,464,204.98 compared to the end of the previous year[6] - Total assets as of March 31, 2018, amounted to CNY 5,383,464,204.98, a decrease from CNY 5,508,421,883.21 at the beginning of the year[19] - Total liabilities decreased from CNY 1,554,843,776.44 at the beginning of the year to CNY 1,450,122,580.93[19] - Current liabilities decreased to CNY 992,812,854.26 from CNY 1,128,311,199.92, a reduction of 12.0%[23] - The total equity of the company increased to CNY 3,673,753,522.68 from CNY 3,667,845,379.62, showing a slight growth of 0.2%[23] Shareholder Information - The number of shareholders reached 26,415, with the largest shareholder holding 45.12% of the shares[10] Investment Income - Investment income dropped by 87.03% to CNY 3,361,142.25 compared to the previous year[11] - Investment income decreased by 87.03% year-on-year, primarily due to a decline in operating performance of the joint venture Beijing ABB Sifang Power System Co., Ltd.[12] - The company’s investment income for Q1 2018 was CNY 3,361,142.25, down from CNY 25,915,286.61 in the same period last year[26] Expenses - Total operating costs for Q1 2018 were CNY 554,138,699.35, up from CNY 546,093,999.62, reflecting a year-over-year increase of 1.9%[26] - The company incurred operating costs of ¥164,109,583.94, which is an increase of 35.14% from ¥121,430,061.18 in the previous period[29] - The company’s sales expenses increased to ¥70,048,908.64, up 8.56% from ¥64,312,248.50 in the previous period[29] - The company’s management expenses decreased to ¥88,750,877.74, down 4.67% from ¥92,924,639.53 in the previous period[29] Other Financial Metrics - The weighted average return on equity improved slightly to -0.47%, up by 0.03 percentage points[6] - Tax payable decreased by 89.44% to CNY 9,951,810.09, due to seasonal sales characteristics[11] - Interest payable decreased by 54.97% compared to the beginning of the period, mainly due to a reduction in the balance of payable loan interest at the end of the reporting period[12] - Minority shareholders' equity decreased by 38.02% compared to the beginning of the period, primarily due to continuous losses from the subsidiary Beijing Sifang Chuangneng Optoelectronics Technology Co., Ltd.[12] - Asset impairment losses increased by 38.52% year-on-year, mainly due to an increase in bad debt provisions for accounts receivable during the reporting period[12] - Deferred income tax liabilities decreased to CNY 1,931,550.06 from CNY 2,060,320.06, a decline of 6.3%[23]