SHBT(SH:603009)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 20.33% to CNY 23,240,961.60 year-on-year[6] - Operating revenue grew by 17.03% to CNY 288,691,047.35 compared to the same period last year[6] - Basic earnings per share decreased by 51.87% to CNY 0.0708[6] - Total operating revenue for Q1 2018 was CNY 288,691,047.35, an increase of 17.0% compared to CNY 246,673,929.06 in the same period last year[28] - The net profit for Q1 2018 reached ¥23,216,464.82, representing a 20.1% increase from ¥19,274,960.61 in Q1 2017[30] - The total profit for Q1 2018 was ¥27,229,723.44, an increase of 16.9% compared to ¥23,242,505.80 in Q1 2017[30] - The company's operating profit for Q1 2018 was ¥27,122,751.47, up from ¥24,488,219.01 in the same quarter last year, reflecting a growth of 10.7%[30] - The total equity attributable to shareholders reached CNY 1,628,201,518.39, an increase of 20.2% from CNY 1,354,160,084.63[22] Asset and Liability Changes - Total assets increased by 30.25% to CNY 2,639,059,838.38 compared to the end of the previous year[6] - Accounts receivable increased by 74.40% to ¥418,143,255.01 due to the consolidation of Guangyu[14] - Inventory rose by 48.22% to ¥337,076,128.67 following the acquisition of Guangyu[14] - Total assets as of March 31, 2018, reached CNY 2,323,090,823.81, compared to CNY 1,913,082,070.90 at the beginning of the year, marking an increase of 21.5%[25] - Total liabilities increased to CNY 797,303,406.27 from CNY 657,648,708.61, representing a growth of 21.3%[25] - Goodwill of ¥264,499,336.35 was recognized from the acquisition of Guangyu[14] Cash Flow Analysis - Net cash flow from operating activities surged by 117.88% to CNY 56,170,785.41 year-on-year[6] - Cash flow from operating activities increased by 117.88% to ¥56,170,785.41 as procurement volume decreased[15] - Operating cash inflow totaled CNY 280,071,176.28, an increase from CNY 266,705,915.57 in the previous period[36] - The company reported a net cash flow from operating activities of CNY 64,006,797.83, a significant improvement from -CNY 6,475,050.86 in the previous period[38] - Net cash flow from financing activities increased by 113.62% to ¥93,431,210.22 due to expanded loan scale[15] - Cash flow from financing activities generated CNY 210,000,000.00, up from CNY 149,000,000.00, indicating successful fundraising efforts[36] Expense Changes - Sales expenses rose by 57.13% to ¥9,276,732.46 due to the consolidation of Guangyu[16] - Management expenses increased by 42.09% to ¥35,331,612.05 following the acquisition[16] - Financial expenses surged by 383.51% to ¥6,021,345.35 as a result of the consolidation[16] - The financial expenses for Q1 2018 increased significantly to ¥5,052,835.08 from ¥1,243,804.18 in Q1 2017, marking a rise of 306.5%[31] Shareholder Information - The total number of shareholders reached 27,654 at the end of the reporting period[11] - The largest shareholder, Jin Kun, holds 40.39% of the shares, with 106,500,000 shares pledged[11] Government Support - The company received government subsidies amounting to CNY 35,500.00 during the reporting period[8] Non-Recurring Items - Non-recurring gains and losses totaled CNY 90,926.17 after tax adjustments[9]