SGEG(SH:601616)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 52.91% to CNY 2,241,570.14 compared to the same period last year[7]. - Operating revenue decreased by 2.94% to CNY 136,843,452.71 compared to the same period last year[7]. - Basic earnings per share increased by 50% to CNY 0.0024 compared to the previous year[7]. - Total revenue for Q1 2018 was CNY 136,843,452.71, a decrease of 2.9% from CNY 140,993,156.96 in the previous year[24]. - Net profit for Q1 2018 was CNY 1,515,907.39, compared to CNY 1,093,943.14 in the same period last year, representing a 38.6% increase[25]. - The total profit for Q1 2018 was CNY 8,656,755.51, a decrease from CNY 9,815,117.14 in the previous year, representing a decline of approximately 11.8%[27]. Assets and Liabilities - Total assets increased by 2.60% to CNY 2,835,212,973.74 compared to the end of the previous year[7]. - Total assets as of the end of Q1 2018 were CNY 2,589,305,050.75, slightly down from CNY 2,600,754,725.74[24]. - Total liabilities increased to CNY 408.33 million from CNY 337.69 million, which is an increase of 20.9%[20]. - Total liabilities decreased to CNY 143,346,485.09 from CNY 163,452,915.59, a reduction of 12.3%[24]. - The company's equity attributable to shareholders slightly increased to CNY 2.37 billion from CNY 2.36 billion, showing a growth of 0.04%[21]. Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 17,478,485.26, compared to a negative cash flow of CNY -11,597,539.11 in the previous year[7]. - Operating cash flow for Q1 2018 generated a net cash inflow of CNY 17,478,485.26, compared to a net outflow of CNY 11,597,539.11 in the same period last year[29]. - The company reported a net increase in cash and cash equivalents of CNY 68,234,476.47 for Q1 2018, compared to an increase of CNY 51,849,252.30 in the same period last year[29]. - Cash and cash equivalents at the end of Q1 2018 amounted to CNY 288,174,841.40, an increase from CNY 341,714,206.17 in the previous year[29]. - The company reported a net cash flow from operating activities of CNY 37,355,135.25 for the parent company in Q1 2018, compared to a net outflow of CNY 7,766,894.45 in the previous year[30]. Inventory and Prepayments - Inventory increased by 30.2% to CNY 198,313,662.66 due to project delivery delays[14]. - Prepayments increased by 90.52% to CNY 50,957,236.05 due to an increase in project prepayments[14]. - Inventory increased to CNY 190.58 million, up from CNY 144.58 million, reflecting a growth of 31.8%[19]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Shanghai Anyijie Electronic Technology Co., Ltd., on January 9, 2018[13]. - The company continues to invest in long-term equity investments, which amounted to CNY 263.67 million at the end of Q1 2018, up from CNY 257.07 million[19]. - The company is closely monitoring the potential change in control of its subsidiaries, Shanghai General Electric Broadcasting Co., Ltd. and Shanghai General Electric Switch Co., Ltd., as GE plans to transfer control[15]. Compliance and Future Plans - The company maintains a focus on compliance with legal and regulatory requirements regarding the potential equity transfer[15]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[24].