Weaver Network(SH:603039)2018-04-26 16:00Financial Performance - Operating revenue for the period reached CNY 156,860,048.44, representing a growth of 46.29% year-on-year[6] - Net profit attributable to shareholders was CNY 11,938,844.16, an increase of 34.97% compared to the same period last year[6] - Basic earnings per share increased to CNY 0.20, reflecting a growth of 17.65% year-on-year[6] - The company reported a net profit of CNY 14,028,901.17 for the period, which is a 21.18% increase year-on-year[6] - The company reported a net profit attributable to shareholders of ¥19,773,859.92, which is a 70.81% increase year-over-year when excluding the impact of equity incentives[12] - Net profit for Q1 2018 reached CNY 13,889,494.10, representing a 24.5% increase from CNY 11,153,796.86 in Q1 2017[26] - The net profit for Q1 2018 was CNY 14,094,953.30, an increase of 22.9% compared to CNY 11,444,072.06 in the same period last year[29] - Operating profit for Q1 2018 reached CNY 14,429,363.58, up from CNY 12,763,966.75, reflecting a growth of 13.0% year-over-year[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,289,802,853.79, a decrease of 1.61% compared to the end of the previous year[6] - The total assets decreased slightly to ¥1,289,802,853.79 from ¥1,310,890,692.14, a reduction of 1.60%[19] - Total liabilities for Q1 2018 were CNY 620,941,224.58, a decrease of 6.1% from CNY 661,292,321.85 in the previous year[23] - Owner's equity increased to CNY 620,772,151.26 in Q1 2018, up from CNY 599,918,422.96 in the same period last year[23] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 27,630,604.20, worsening by 25.82% compared to the previous year[6] - The net cash flow from operating activities was -CNY 27,630,604.20, worsening from -CNY 21,960,570.08 in the same quarter last year[33] - Cash inflow from operating activities totaled CNY 177,854,308.12, compared to CNY 122,425,733.30 in the previous year, marking a 45.2% increase[32] - The total cash outflow from operating activities was CNY 205,484,912.32, up from CNY 144,386,303.38 in the same quarter last year[32] - Cash inflow from investment activities was CNY 592,592,729.74, down from CNY 1,406,882,512.43, indicating a decline of 57.9% year-over-year[33] - The net cash flow from investment activities was -CNY 339,875,960.02, compared to -CNY 459,543,085.01 in the previous year[33] - The total cash and cash equivalents at the end of the period stood at CNY 41,808,335.97, down from CNY 79,825,179.07 at the end of the previous year[33] Shareholder Information - The number of shareholders at the end of the reporting period was 4,815[9] - The top shareholder, Wei Lidong, held 22,920,000 shares, accounting for 33.09% of total shares[9] Expenses and Other Financial Metrics - The accounts receivable increased to ¥51,464,802.02 from ¥46,076,163.79, showing an increase of 8.25%[17] - The financial expenses decreased significantly, with a current value of -¥3,365,447.22 compared to -¥168,247.42 from the previous year, reflecting a change of 1,900.30%[12] - The impairment losses on assets increased by 94.07%, amounting to ¥882,458.32 compared to ¥454,716.61 in the previous year[12] - The company's goodwill was completely written off, decreasing from ¥2,666,629.44 to ¥0.00, reflecting a 100% reduction due to the transfer of equity investments[12] - The company recorded an increase in sales expenses to ¥109,679,196.99 from ¥77,308,031.58, marking a rise of 41.87%[12] - Investment income for Q1 2018 was CNY 845,101.54, down from CNY 3,058,950.99 in the same quarter last year[26] - Other income for Q1 2018 was CNY 12,093,992.80, slightly up from CNY 11,290,999.99 in Q1 2017[26]