Hangcha (SH:603298)2018-04-25 16:00Financial Performance - Net profit attributable to shareholders rose by 1.61% to CNY 120,051,661.98 year-on-year[7] - Operating revenue grew by 15.84% to CNY 1,854,129,232.10 compared to the same period last year[7] - Net cash flow from operating activities increased by 18.34% to CNY 139,393,195.56[7] - The weighted average return on equity decreased by 0.24 percentage points to 3.38%[7] - The company reported a net cash inflow from investment activities of CNY 2,858.91 million, attributed to the cash flow from subsidiaries under non-common control[18] - The company reported an investment income of CNY 14,781,803.37, up from CNY 11,413,236.98, indicating a year-over-year increase of 29.5%[28] - The total comprehensive income attributable to the parent company was CNY 119,437,522.23, compared to CNY 118,153,169.13 in the previous year, showing a slight increase[32] Assets and Liabilities - Total assets increased by 14.96% to CNY 5,927,924,642.88 compared to the end of the previous year[7] - The total assets of the company amounted to CNY 5,927,924,642.88, up from CNY 5,156,501,857.10 at the beginning of the year[22] - The company's total liabilities increased to CNY 1,978,646,789.34, compared to CNY 1,331,750,344.54 at the beginning of the year[22] - Total liabilities increased to CNY 1,781,004,412.22 from CNY 1,155,829,072.21, representing a significant rise of 54.0%[26] - Current assets totaled CNY 3,756,623,030.01, up from CNY 3,268,951,146.74, marking an increase of 14.9%[25] Shareholder Information - The number of shareholders reached 30,834 at the end of the reporting period[11] - The largest shareholder, Zhejiang Hangcha Holdings Co., Ltd., holds 44.72% of the shares[11] Investments and Capital Expenditures - Long-term equity investments increased by 137.33% to CNY 13,647.94 million due to investments in Zhengzhou Jiachen Electric Co., Ltd.[14] - Cash paid for the purchase of fixed assets and other long-term assets reached CNY 28,413.92 million, a staggering increase of 563.33% from CNY 4,283.51 million, primarily due to increased construction in progress[18] - Cash paid for purchasing fixed assets and other long-term assets was $269.81 million, a significant increase from $28.39 million in the previous period[38] Cash Flow Management - Cash received from tax refunds was CNY 4,371.18 million, up 36.16% from CNY 3,210.25 million, mainly due to increased export tax rebates[17] - The company received CNY 43,711,810.27 in tax refunds, up from CNY 32,102,457.45 in the previous year, indicating better cash flow management[34] - Operating cash inflow totaled $987.63 million, up from $902.60 million in the previous period, representing an increase of approximately 9.4%[37] - Net cash flow from operating activities decreased to $112.70 million from $156.65 million, a decline of about 28.1%[37] - Cash inflow from investment activities was $578.88 million, down significantly from $1.17 billion in the prior period, reflecting a decrease of approximately 50.7%[38] Expenses and Costs - Management expenses grew to CNY 12,220.59 million, a 45.82% increase from CNY 8,380.65 million, primarily due to rising R&D expenses[16] - Total operating costs for Q1 2018 amounted to CNY 1,723,252,939.33, up from CNY 1,467,689,592.22, reflecting a year-over-year increase of 17.4%[27] - Cash paid for employee compensation increased to $46.90 million from $42.21 million, reflecting a rise of approximately 11.5%[37] - Cash paid for taxes decreased to $20.01 million from $38.25 million, a reduction of about 47.8%[37]