Kinwong(SH:603228)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 3.38% to CNY 156,256,964.47 year-on-year[6] - Operating revenue grew by 8.93% to CNY 985,420,742.14 compared to the same period last year[6] - Basic earnings per share increased by 2.70% to CNY 0.38[6] - Total operating revenue for Q1 2018 was CNY 985,420,742.14, an increase of 8.93% compared to CNY 904,634,323.36 in the same period last year[26] - Net profit for Q1 2018 reached CNY 156,256,964.47, up 3.5% from CNY 151,141,600.89 in Q1 2017[28] - Operating profit for Q1 2018 was CNY 188,329,671.71, slightly higher than CNY 187,089,194.98 in the previous year[27] - The company reported a total comprehensive income of CNY 156,256,964.47 for Q1 2018, up from CNY 151,141,600.89 in Q1 2017[28] Assets and Liabilities - Total assets increased by 3.80% to CNY 4,959,155,815.07 compared to the end of the previous year[6] - Total liabilities increased to CNY 1,526,460,862.01 from CNY 1,500,958,660.07, representing a rise of 1.51%[22] - Current liabilities totaled CNY 1,445,820,322.76, slightly up from CNY 1,422,014,836.71, indicating a growth of 1.67%[22] - Non-current assets reached CNY 1,798,093,583.41, compared to CNY 1,730,975,676.17 at the start of the year, marking an increase of 3.91%[22] - Cash and cash equivalents were reported at CNY 453,164,391.79, up from CNY 376,973,739.25, showing a growth of 20.23%[23] Cash Flow - Net cash flow from operating activities increased by 1.48% to CNY 203,062,313.42[6] - The net cash flow from operating activities for Q1 2018 was ¥83,075,267.30, an increase of 96.3% compared to ¥42,370,086.57 in the previous period[34] - Total cash inflow from operating activities was ¥563,528,155.94, up 23.7% from ¥455,579,973.70 in the same period last year[34] - The cash outflow for investing activities was ¥16,035,057.30, significantly lower than ¥840,703,938.75 in the previous period, indicating a reduction in investment spending[34] - The net cash flow from financing activities improved by 65.66% to -¥31,999,834.85 compared to the previous period, mainly due to lower loan repayments[17] Shareholder Information - The total number of shareholders reached 8,583 at the end of the reporting period[11] - The largest shareholder, Shenzhen Jinghong Yongtai Investment Holding Co., Ltd., holds 37.26% of the shares[11] Expenses - Sales expenses grew by 29.65% to ¥35,834,189.21 driven by market expansion and increased sales scale[16] - Management expenses increased by 31.57% to ¥100,502,919.89 due to upfront investments in the Jiangxi Jingwang Phase II project and increased R&D costs[16] - Financial expenses surged by 508.87% to ¥13,450,782.13 primarily due to increased exchange losses from RMB appreciation against the USD[16] Other Financial Metrics - Non-recurring gains and losses totaled CNY 4,326,640.77 for the period[10] - Other income rose by 92.70% to ¥8,083,684.42 mainly from increased government subsidies received[16] - Accounts receivable decreased by 10.72% to ¥1,162,725,258.66 due to improved collection rates[15] - Prepayments increased by 161.82% to ¥15,728,030.94 primarily due to increased advance payments for electronic components[15] - Other receivables rose by 46.88% to ¥25,278,520.14 mainly from increased export tax rebates and VAT deposits[15] - Fixed asset clearance increased by 41.63% to ¥2,852,879.12 due to the retirement of obsolete equipment from production line upgrades[15] Future Plans - The company plans to invest in a PCB production base in Zhuhai, with an environmental impact report approved for a capacity of 3 million square meters of high-density PCBs and 200 million square meters of flexible PCBs[18]