GUILIN FUDA (SH:603166)2018-04-26 16:00Financial Performance - Operating revenue for the year-to-date was CNY 379,230,586.68, an increase of 12.41% year-on-year[6] - Net profit attributable to shareholders was CNY 38,644,802.33, reflecting a year-on-year increase of 10.28%[6] - The basic earnings per share increased by 8.33% to CNY 0.065[6] - Net profit for Q1 2018 reached CNY 38,644,802.33, representing a 10.4% increase from CNY 35,043,102.37 in Q1 2017[27] - Net profit for Q1 2018 reached CNY 2,928,011.39, compared to a net loss of CNY 2,209,549.21 in Q1 2017, indicating a significant turnaround[28] Cash Flow - The net cash flow from operating activities was CNY 115,938,736.96, a significant recovery from a negative cash flow of CNY -29,044,958.32 in the same period last year[6] - Net cash flow from operating activities increased by 144.9837 million yuan compared to the same period last year, mainly due to the discounting of accounts receivable used to repay bank loans[13] - Cash flow from operating activities generated a net inflow of CNY 115,938,736.96, compared to a net outflow of CNY 29,044,958.32 in Q1 2017[32] - Net cash flow from operating activities was negative CNY 12,582,457.92, an improvement from negative CNY 44,720,084.68 year-over-year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,130,978,816.86, a decrease of 0.94% compared to the end of the previous year[6] - Total liabilities for Q1 2018 were CNY 288,359,123.92, an increase from CNY 281,022,861.08 in the previous year[24] - Total equity increased to CNY 1,975,690,889.90 in Q1 2018, up from CNY 1,970,621,778.51 in the same period last year[24] - Total assets as of March 31, 2018, amounted to 3.131 billion yuan, a decrease from 3.161 billion yuan at the beginning of the year[19] Investment and Expenses - Investment income decreased by 71.31% to CNY 523,134.84 compared to the previous year[12] - Sales expenses decreased by 31.63% compared to the same period last year, mainly due to a reduction in warranty expenses[13] - Financial expenses increased by 30.11% compared to the same period last year, primarily due to a decrease in interest income from reduced deposit balances[13] - The company reported a decrease in sales expenses to CNY 7,497,278.99 from CNY 13,335,144.99 year-over-year, reflecting cost control measures[28] - Management expenses increased to CNY 16,836,131.85 from CNY 13,979,964.74, indicating potential investments in operational capacity[28] Shareholder Information - The company had a total of 28,873 shareholders at the end of the reporting period[10] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[25]