Hopewind(SH:603063)2018-04-25 16:00Financial Performance - Net profit attributable to shareholders was CNY 20,520,257.59, down 71.23% year-on-year[7] - Operating revenue for the period was CNY 124,503,347.54, representing a decline of 60.03% compared to the same period last year[7] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was CNY 9,940,866.82, down 84.87% year-on-year[7] - Basic earnings per share were CNY 0.05, down 75.00% from CNY 0.20 in the previous year[7] - The weighted average return on net assets decreased by 4.13 percentage points to 0.86%[7] - Net profit for Q1 2018 was CNY 20,519,472.80, a decline of 71% from CNY 71,325,123.29 in the previous year[27] - The company's operating revenue for Q1 2018 was CNY 112,634,018.74, a decrease of 63.1% compared to CNY 305,594,024.00 in the same period last year[29] - The total operating profit for Q1 2018 was CNY 22,798,662.97, a decline of 58.5% from CNY 54,803,851.14 in the previous year[29] Cash Flow - The net cash flow from operating activities was negative CNY 29,977,234.42, a decrease of 267.90% year-on-year[7] - The net cash flow from investing activities was -¥36,908,669.18, a decrease of 212.23%, primarily due to the purchase of short-term financial products[14] - The cash flow from operating activities showed a net outflow of CNY 29,977,234.42, compared to a net inflow of CNY 17,854,368.46 in Q1 2017[33] - The cash flow from investing activities resulted in a net outflow of CNY 36,908,669.18, compared to a net inflow of CNY 32,886,021.34 in Q1 2017[33] - The total cash outflow from operating activities was CNY 211,780,575.47, compared to CNY 175,998,346.99 in Q1 2017[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,777,424,009.30, a decrease of 1.36% compared to the previous year[7] - The company's total assets at the end of the reporting period amounted to CNY 2,711,993,910.46, slightly down from CNY 2,753,975,531.11 at the beginning of the year[24] - Current assets totaled CNY 2,443,656,290.16, a decrease from CNY 2,637,985,665.23 at the start of the year[23] - The total liabilities decreased to ¥370,708,132.43 from ¥431,024,826.56 at the beginning of the year[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,321[10] - The largest shareholder, Shenzhen Pingqi Technology Co., Ltd., held 20.37% of the shares[10] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 1,276,407.67, closely related to its normal business operations[7] - The company reported a significant reduction in sales expenses, which were CNY 21,188,159.36 compared to CNY 25,566,396.61 in the previous year[27] Investment Income - Investment income surged by 609.05% to ¥10,196,751.85, primarily from returns on short-term financial products purchased with idle funds[12] - The company recorded an investment income of CNY 10,096,655.06 in Q1 2018, significantly higher than CNY 1,254,137.00 in the same period last year[33] Other Financial Metrics - The company's prepaid expenses increased significantly to ¥7,793,340.68, a rise of 728.07% compared to the beginning of the year, primarily due to increased procurement payments[12] - The construction in progress rose to ¥2,461,660.38, reflecting a 70.54% increase as the company continued investments in projects in Suzhou and Zhangbei[12] - Operating costs fell by 55.28% to ¥57,759,349.13, in line with the decrease in operating revenue[12] - Financial expenses showed a significant reduction of 197.30%, resulting in a net income of -¥2,000,374.41, attributed to increased fundraising interest[12] - Cash and cash equivalents increased to CNY 506,111,652.01 from CNY 415,314,158.19, indicating improved liquidity[22] - Accounts receivable rose to CNY 953,567,835.74 from CNY 934,954,629.92, showing a slight increase in credit sales[22]