Hoshine Silicon(SH:603260)2018-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 2,245,498,504.60, a 55.25% increase year-on-year[5] - Net profit attributable to shareholders surged by 132.26% to CNY 630,116,875.30 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 129.15% to CNY 590,965,458.80[5] - Basic earnings per share rose by 108.89% to CNY 0.94[5] - The weighted average return on equity increased by 1.24 percentage points to 11.00%[5] - The company expects a net profit attributable to shareholders for the first half of 2018 to be between RMB 1.3 billion and RMB 1.5 billion, driven by significant price increases of main products[19] - Net profit for Q1 2018 was CNY 639,454,583.49, representing a 130.3% increase from CNY 277,495,670.17 in Q1 2017[30] - Operating profit for the same period was CNY 744,502,263.23, up 134.8% from CNY 317,683,744.47 year-over-year[28] - The total comprehensive income for Q1 2018 was CNY 639,454,583.49, up from CNY 277,495,670.17 in the previous year[30] Assets and Liabilities - Total assets increased by 6.95% to CNY 15,147,590,451.56 compared to the end of the previous year[5] - Total current assets increased to ¥5,221,976,188.13 from ¥4,517,998,998.81, representing a growth of approximately 15.6%[23] - Total liabilities increased to ¥9,042,365,255.12 from ¥8,698,112,824.87, an increase of about 3.9%[24] - Total equity attributable to shareholders rose to ¥6,045,976,266.40 from ¥5,415,523,503.99, indicating an increase of approximately 11.6%[24] - Non-current assets totaled ¥9,925,614,263.43, up from ¥9,645,548,551.90, indicating an increase of about 2.9%[23] Cash Flow - The net cash flow from operating activities was negative at CNY -154,785,522.87, a decrease of 147.75% compared to the previous year[5] - Cash inflow from operating activities increased to ¥1,667,423,097.85, up from ¥1,063,087,616.43, representing a growth of approximately 57% year-over-year[34] - Net cash outflow from operating activities was ¥154,785,522.87, compared to a net inflow of ¥324,133,740.85 in the previous period[34] - Cash inflow from investment activities totaled ¥538,196,198.38, significantly higher than ¥77,719,296.59 in the prior period[35] - Cash inflow from financing activities reached ¥1,096,935,605.48, compared to ¥643,812,000.00 in the previous period, marking an increase of approximately 70%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,730[10] - The largest shareholder, Ningbo Hesheng Group Co., Ltd., held 58.28% of the shares, amounting to 390,462,195 shares[10] Expenses and Investments - The company reported a 84.90% increase in management expenses to RMB 71,114,443.89, reflecting higher R&D investments and employee benefits[15] - The financial expenses increased by 36.68% to RMB 60,562,215.87 due to higher interest on bonds payable[15] - The company utilized RMB 29 million of idle raised funds to purchase financial products, achieving an annualized return of 4.75%[16] - The company reported investment income of CNY 3,364,033.11, a recovery from a loss of CNY 18,073.00 in the previous year[28] Inventory and Receivables - Accounts receivable increased by 58.28% to RMB 396,282,558.98 from RMB 250,362,143.90 due to increased sales and credit terms[14] - Inventory rose by 51.60% to RMB 1,676,107,593.44, attributed to increased raw materials and finished goods as production capacity was released[15] - The company reported a significant increase in other receivables, which rose to ¥9,012,054.11 from ¥2,082,636.19, a growth of about 333.5%[23]