Shuifa Energas(SH:603318)2018-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 162,581,150.80, representing a significant increase of 137.07% year-on-year[6] - Net profit attributable to shareholders was CNY 9,156,538.55, up 277.86% from the same period last year[6] - Basic earnings per share were CNY 0.02, doubling from CNY 0.01 in the same period last year[6] - Total operating revenue for Q1 2018 reached ¥162,581,150.80, a significant increase from ¥68,578,851.53 in the same period last year, representing a growth of approximately 137.5%[23] - Net profit for Q1 2018 was ¥9,156,538.55, up from ¥2,513,995.77 in Q1 2017, indicating a growth of approximately 264.5%[24] - Total comprehensive income for Q1 2018 was CNY 8,596,454.78, compared to CNY 2,607,220.94 in the previous year[25] Cash Flow - The company reported a net cash flow from operating activities of CNY -24,961,554.12, indicating a decline compared to CNY -9,515,883.53 in the previous year[6] - Cash flow from operating activities showed a net outflow of ¥24,961,554.12, worsening from a net outflow of ¥9,515,883.53 in the previous year, mainly due to increased advance payments for goods[10] - Cash inflow from financing activities was CNY 216,752,719.47, an increase from CNY 176,092,466.90 in the previous year[31] - The net cash flow from operating activities for the first quarter of 2018 was -19,612,499.87 RMB, a significant decline compared to 8,626,998.52 RMB in the same period last year[32] - Total cash inflow from operating activities was 87,134,790.77 RMB, down 24.3% from 115,107,151.49 RMB year-over-year[32] - The company experienced a total net decrease in cash and cash equivalents of -25,479,143.90 RMB for the quarter, an improvement from -35,684,167.82 RMB in the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,819,566,556.69, a decrease of 0.24% compared to the end of the previous year[6] - Total liabilities decreased to ¥616,473,290.54 from ¥642,043,655.93, reflecting a reduction of about 3.9%[22] - Current assets totaled ¥899,450,943.16, down from ¥916,247,953.80 at the start of the year, a decline of approximately 1.9%[21] - Cash and cash equivalents decreased to ¥254,885,080.31 from ¥333,303,636.18, a decline of about 23.4%[20] - Accounts receivable decreased by 58.54% to CNY 21,029,519.40 due to increased payments for goods[9] Operating Costs and Expenses - Operating costs rose to ¥118,947,723.33, reflecting a 169.49% increase from ¥44,138,003.77, primarily due to the growth in revenue[10] - Financial expenses rose to ¥13,361,652.60, a 149.34% increase from ¥5,358,727.20, attributed to significant foreign exchange fluctuations during the reporting period[10] - The company reported a decrease in employee compensation payable by 46.00%, down to ¥3,581,251.42 from ¥6,632,487.75, as performance bonuses were paid out in the reporting period[10] Shareholder Information - The number of shareholders at the end of the reporting period was 17,482, with the largest shareholder holding 44.26% of the shares[7] Company Strategy and Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company anticipates a potential increase of over 50% in cumulative net profit compared to the same period last year, although this is subject to market conditions and other uncertainties[12] - The company is undergoing a major asset restructuring, with stock trading suspended since February 5, 2018, to ensure fair information disclosure and protect investor interests[11]