Shandong Daye (SH:603278)2018-04-16 16:00Financial Performance - Operating revenue for the period was CNY 515,649,107.60, representing a growth of 43.28% year-on-year[5] - Net profit attributable to shareholders was CNY 38,250,878.64, an increase of 18.81% compared to the same period last year[5] - The company reported a net profit excluding non-recurring items of CNY 35,819,987.83, reflecting a year-on-year increase of 13.91%[5] - Total operating revenue for Q1 2018 was ¥511,720,539.01, an increase of 43% compared to ¥357,274,129.49 in the same period last year[26] - Net profit for Q1 2018 reached ¥38,250,878.64, representing a 19% increase from ¥32,195,110.05 in Q1 2017[25] - Operating profit for Q1 2018 was ¥42,990,599.16, up 16% from ¥37,159,040.05 in the previous year[24] - Total profit for Q1 2018 was ¥45,067,391.41, compared to ¥37,760,851.01 in the same period last year, marking a 19% increase[24] Cash Flow - Net cash flow from operating activities surged to CNY 20,232,439.40, marking a significant increase of 570.15% year-on-year[5] - Cash flow from operating activities for Q1 2018 was ¥332,848,137.66, an increase from ¥282,818,613.70 in Q1 2017[29] - The net cash flow from operating activities was CNY 20,232,439.40, significantly higher than CNY 3,019,107.00 in the previous period, marking an increase of over 570%[30] - Total cash inflow from operating activities was CNY 332,774,509.57, compared to CNY 284,311,340.44 in the previous period, showing an increase of approximately 17%[33] - Total cash outflow from operating activities was CNY 313,404,609.89, an increase from CNY 280,996,403.59 in the previous period, reflecting a rise of about 11.5%[33] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,818,153,689.35, a slight increase of 0.06% compared to the previous year[5] - Total liabilities decreased to CNY 1,423,389,679.23 from CNY 1,463,122,400.64, reflecting a reduction of approximately 2.7%[21] - Current liabilities totaled CNY 1,253,511,593.93, down from CNY 1,278,118,404.55, indicating a decrease of about 1.9%[21] - Non-current liabilities decreased to CNY 169,878,085.30 from CNY 185,003,996.09, a reduction of approximately 8.2%[21] - Owner's equity increased to CNY 1,393,613,671.91 from CNY 1,355,503,383.36, representing a growth of about 2.8%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,613[8] - The largest shareholder, Dou Yong, holds 38.25% of the shares, totaling 79,560,000 shares[9] Expenses - Basic and diluted earnings per share decreased to CNY 0.18, down 14.28% from CNY 0.21 in the previous year[5] - Financial expenses decreased by RMB 4,811,002.29, a reduction of 43.16%, due to lower interest expenses from bank loans[12] - Management expenses increased by RMB 5,105,752.13, reflecting a 52.30% rise attributed to higher salaries for management personnel[11] - Sales expenses for Q1 2018 were ¥14,796,000.72, slightly higher than ¥14,099,562.12 in Q1 2017[24] Inventory and Receivables - Inventory increased by RMB 87,113,841.57, a rise of 36.06%, indicating a higher safety stock level[11] - The accounts receivable balance was RMB 577,453,172.46, slightly down from RMB 581,995,280.44 at the beginning of the year[15] - Accounts receivable increased to CNY 570,395,256.78 from CNY 576,080,939.67, showing a slight decrease of about 1.0%[19] - Inventory rose significantly to CNY 327,066,211.99 from CNY 240,683,283.79, an increase of approximately 35.8%[20] Non-Recurring Items - Non-recurring gains and losses included government subsidies amounting to CNY 2,082,190.25[6] - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period[13]