VASTDATA(SH:603138)2018-04-25 16:00Financial Performance - Operating revenue for the period was CNY 102,351,355.06, representing an increase of 8.83% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 6,992,093.01, up 10.72% from the same period last year[6] - Basic earnings per share decreased by 29.35% to CNY 0.065[6] - The total comprehensive income attributable to the parent company was CNY 6,933,786.87, compared to CNY 6,296,625.70 in the same quarter last year, reflecting a growth of 10.1%[28] - Net profit for Q1 2018 reached CNY 6,769,044.40, compared to CNY 6,175,414.15 in Q1 2017, representing an increase of 9.6%[27] - The net profit for Q1 2018 reached CNY 7,358,996.77, up 11.6% from CNY 6,591,342.90 in Q1 2017[31] Cash Flow - Net cash flow from operating activities improved significantly, with a net outflow of CNY 4,545,436.08, a reduction of 87.62% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY -4,545,436.08, an improvement from CNY -36,710,198.20 in Q1 2017[34] - Net cash flow from operating activities was negative CNY 4,232,706.11, an improvement from negative CNY 38,973,498.45 in the same period last year[36] - The ending cash and cash equivalents balance was CNY 277,660,853.28, down from CNY 282,998,657.77 at the beginning of the period[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 600,376,606.13, a decrease of 1.30% compared to the end of the previous year[6] - Total assets decreased to CNY 605,375,836.52 from CNY 615,360,176.07 at the beginning of the year, a decline of 1.4%[24] - Total liabilities decreased to CNY 208,795,087.65 from CNY 228,443,201.24, a reduction of 8.6%[25] - Cash and cash equivalents decreased significantly from CNY 287,547,202.31 to CNY 150,992,963.93, a drop of 47.5%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,246[12] - The top shareholder, Zhu Huawai, held 34,702,200 shares, accounting for 32.33% of the total shares[12] Expenses - Sales expenses increased by 68.42% to ¥5,630,923.89 from ¥3,343,458.60, primarily due to increased compensation and stock incentive expenses[15] - Management expenses rose by 39.30% to ¥11,792,819.21 from ¥8,465,472.37, driven by higher compensation and stock incentive expenses[15] Investment Income - Investment income was reported at ¥341,581.45, a significant increase from ¥0.00, mainly due to increased returns from bank financial products[15] - The company reported an investment income of CNY 245,760.75 for Q1 2018, with no prior year comparison available[30] Current Assets - Cash and cash equivalents decreased by 42.41% to ¥172,188,702.34 from ¥298,987,885.63, primarily due to an increase in bank financial products[14] - Prepayments increased significantly by 262.39% to ¥2,427,437.78 from ¥669,850.20, mainly due to increased advance payments to suppliers[14] - Other current assets surged by 1,177.16% to ¥131,659,286.28 from ¥10,308,766.01, attributed to bank financial products and pending deductions[14] - Accounts receivable increased to CNY 71,296,636.40 from CNY 60,895,217.27, marking an increase of 16.5%[23] - Inventory levels decreased to CNY 44,434,698.68 from CNY 59,355,725.23, a reduction of 25.1%[24] Taxation - Tax payable decreased by 46.68% to ¥2,589,962.63 from ¥4,857,659.46, mainly due to the payment of corporate income tax accrued at the end of the previous year[15] - The company reported a tax expense of CNY 891,921.09 for Q1 2018, down from CNY 1,160,625.01 in the previous year, a decrease of 23.2%[27]