DIBAY(SH:603320)2018-04-26 16:00Financial Performance - Operating revenue rose by 5.40% to CNY 157,287,289.27 year-on-year[7] - Net profit attributable to shareholders decreased by 33.17% to CNY 10,061,627.44 compared to the same period last year[7] - The company's net profit for the current period is CNY 10,061,627.44, a decrease of 33.17% compared to the previous period's CNY 15,055,040.86, primarily due to rising raw material costs and increased expenses[12] - Operating profit decreased by 31.17% to CNY 12,317,676.2 from CNY 17,894,913.22 in the previous period, attributed to higher raw material prices and increased period expenses[12] - Total profit for the current period is CNY 12,341,238.41, down 31.03% from CNY 17,894,913.22 in the previous period, mainly due to the same reasons as operating profit[12] - Earnings per share decreased to ¥0.10 from ¥0.20, a decline of 50%[28] - Operating profit for Q1 2018 was ¥12,317,676.20, down from ¥17,894,913.22, indicating a decrease of approximately 31.3%[27] - Net profit for the current period was ¥12,531,877.76, down 14.5% from ¥14,648,319.74 in the previous period[32] - Operating profit decreased to ¥14,786,490.48, a decline of 14.1% from ¥17,233,317.35 in the previous period[32] Assets and Liabilities - Total assets increased by 3.35% to CNY 750,876,461.42 compared to the end of the previous year[7] - The total assets of the company as of March 31, 2018, amounted to CNY 750,876,461.42, an increase from CNY 726,516,172.94 at the beginning of the year[18] - The company's total liabilities increased to CNY 147,984,929.75 from CNY 133,686,268.71, reflecting a rise in short-term borrowings and accounts payable[19] - Total liabilities increased to ¥163,553,302.44 from ¥105,150,995.19, showing a rise of approximately 55.5%[23] - Current assets totaled ¥476,391,011.77, up from ¥399,907,209.75, indicating a growth of about 19.2%[22] Cash Flow - Cash flow from operating activities remained stable, with a slight increase of 0.27% to CNY 17,126,142.60[7] - Cash received from other operating activities decreased by 69.96% to CNY 213,801.68 from CNY 711,782.09, primarily due to a reduction in government subsidies received[13] - The company paid CNY 4,909,668.41 in various taxes, an increase of 53.69% compared to CNY 3,194,607.09 in the previous period, mainly due to increased VAT payments[13] - Cash and cash equivalents at the end of the period increased by 89.37% to CNY 157,269,383.8 from CNY 83,049,818.82, primarily due to the arrival of raised funds[14] - The company's cash flow from investment activities showed a net outflow of CNY 1,234,494.82, primarily due to reduced cash payments for fixed asset purchases[14] - The net cash flow from financing activities was $497,589.37, a decrease of $679,036.89 compared to the previous period[41] - The net increase in cash and cash equivalents was $23,337,155.18, compared to a decrease of $2,173,759.20 in the previous period[41] - The ending balance of cash and cash equivalents reached $111,739,802.17, compared to $25,832,651.68 previously[41] Inventory and Prepayments - Prepayments increased significantly by 289.38% to CNY 16,339,062.22 due to higher advance payments for materials and equipment[11] - Accounts payable rose by 39.08% to CNY 67,260,597.67, primarily due to increased material payables[11] - The company's inventory increased to CNY 135,390,651.44 from CNY 117,645,993.90, indicating a rise in stock levels[17] - Inventory levels increased to ¥123,036,649.38 from ¥80,000,156.17, representing a growth of approximately 53.8%[22] Shareholder Information - The number of shareholders reached 11,474, with the largest shareholder holding 47.83% of the shares[10] - The total equity of the company increased to ¥526,154,522.56 from ¥513,622,644.80, reflecting a growth of about 2.9%[24] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]