海天精工(601882) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 24.77% to CNY 13,841,006.09 year-on-year[6] - Operating revenue rose by 18.34% to CNY 294,179,933.56 compared to the same period last year[6] - Basic earnings per share increased by 24.41% to CNY 0.0265[6] - The net profit after deducting non-recurring gains and losses increased by 25.60% to CNY 12,764,468.28[6] - The company experienced a 137.14% increase in minority interest profit to RMB 579,107.50 from RMB 244,201.06, driven by improved profitability of its subsidiary[22] - The net profit for Q1 2018 was CNY 14,420,113.59, representing a 27.5% increase from CNY 11,336,974.70 in Q1 2017[36] - Net profit for Q1 2018 reached CNY 13,603,252.66, a significant increase from CNY 1,120,278.05 in Q1 2017, representing a growth of 1,116.5%[39] - Total comprehensive income for Q1 2018 was CNY 13,603,252.66, a significant increase from CNY 1,120,278.05 in the previous year[39] Revenue and Costs - The total operating revenue for Q1 2018 was CNY 294,179,933.56, an increase of 18.4% compared to CNY 248,587,594.92 in the same period last year[35] - The total operating costs for Q1 2018 amounted to CNY 277,362,245.25, up 16.9% from CNY 237,273,302.06 in Q1 2017[36] - Operating revenue for Q1 2018 was CNY 299,745,141.56, an increase of 18.9% compared to CNY 251,938,752.56 in the same period last year[38] Assets and Liabilities - Total assets increased by 6.39% to CNY 2,260,591,875.85 compared to the end of the previous year[6] - The total assets as of March 31, 2018, were CNY 2,121,837,287.89, compared to CNY 1,992,948,978.48 at the beginning of the year, reflecting a growth of 6.5%[34] - The total liabilities as of March 31, 2018, were CNY 991,115,194.94, an increase of 13.1% from CNY 876,087,915.02 at the start of the year[34] - The total equity attributable to shareholders of the parent company was CNY 1,130,722,092.95, up from CNY 1,116,861,063.46 at the beginning of the year, indicating a growth of 1.2%[34] Cash Flow - Net cash flow from operating activities improved significantly, with a reduction in outflow of 85.26% to -CNY 2,868,196.56[6] - Operating cash flow improved by 85.26% to RMB -2,868,196.56 from RMB -19,461,523.25, driven by increased sales collections[22] - Cash flow from operating activities showed a net outflow of CNY 2,868,196.56, an improvement from a net outflow of CNY 19,461,523.25 in the same period last year[43] - Total cash inflow from operating activities was 294,694,599.21 RMB, up from 199,327,874.13 RMB year-over-year, representing an increase of approximately 47.8%[44] - Cash outflow from operating activities increased to 303,307,040.04 RMB from 233,325,419.10 RMB, marking a rise of about 29.9%[44] Shareholder Information - The total number of shareholders reached 24,909 at the end of the reporting period[10] - The largest shareholder, Ningbo Haitian Co., Ltd., holds 38.69% of shares[11] Government Subsidies and Tax - The company received government subsidies amounting to CNY 1,306,426.17, primarily related to deferred income[8] - Income tax expenses increased by 76.71% to RMB 3,593,821.13 from RMB 2,033,721.47, reflecting higher income and profitability[21] - The company paid 22,967,307.05 RMB in taxes, significantly higher than 5,420,611.23 RMB in the previous year, representing an increase of about 323.5%[44] Investment Activities - The net cash flow from investment activities decreased by 66.33% to RMB -5,119,333.68 from RMB -15,204,353.51, due to reduced equipment investment compared to the previous year[23] - The total cash outflow for investment activities was 43,338,829.26 RMB, down from 65,425,061.08 RMB, showing a decrease of approximately 33.8%[45] Other Financial Metrics - The weighted average return on net assets increased by 0.16 percentage points to 1.18%[6] - The company reported a significant decrease of 53.31% in interest receivables to RMB 263,250.00 from RMB 563,875.00, due to reduced interest from matured deposits[14] - The company incurred financial expenses of CNY 2,750,279.27, slightly up from CNY 2,644,806.31 in the previous year[38] - The company received tax refunds amounting to CNY 1,705,021.58, compared to CNY 2,336,461.70 in the same period last year[42] - The company reported a decrease in asset impairment losses to CNY 2,664,454.22 from CNY 8,286,591.52 in the previous year, indicating improved asset management[38]