Sunway(SH:603333)2018-04-27 16:00Financial Performance - Operating revenue rose by 26.24% to CNY 218,208,501.15 year-on-year[5] - Net profit attributable to shareholders decreased by 291.34% to a loss of CNY 7,449,524.58 compared to the same period last year[5] - The weighted average return on equity decreased by 0.81 percentage points to -0.53%[5] - Basic and diluted earnings per share both fell by 300% to -CNY 0.014[5] - The company reported an operating loss of CNY 8,730,763.86 for Q1 2018, compared to an operating profit of CNY 3,376,770.08 in Q1 2017[26] - The net profit attributable to the parent company was a loss of ¥10,738,906.28, compared to a profit of ¥3,158,872.29 in the previous year, representing a significant decline[30] - The total comprehensive income for the period was a loss of ¥10,738,906.28, compared to a gain of ¥3,158,872.29 in the previous year[31] Cash Flow - Net cash flow from operating activities was negative at CNY -97,503,251.65, compared to CNY -66,031,729.81 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥97,503,251.65, worsening from a net outflow of ¥66,031,729.81 in the previous year[34] - Cash inflow from operating activities was ¥228,836,774.56, while cash outflow was ¥326,340,026.21, leading to a negative cash flow[34] - The net cash flow from financing activities was positive at ¥77,250,634.46, mainly due to increased bank borrowings during the reporting period[15] - The net cash flow from financing activities was ¥77,250,634.46, a significant improvement from a net outflow of ¥1,587,808.00 in the previous year[34] - The company experienced a net decrease in cash and cash equivalents of CNY 9,784,372.56 during the quarter, compared to a decrease of CNY 60,422,065.12 in the same period last year[37] Assets and Liabilities - Total assets increased by 2.36% to CNY 1,853,037,913.49 compared to the end of the previous year[5] - Total liabilities increased to CNY 369,744,370.72 from CNY 336,997,455.78 at the start of the year, reflecting a growth of 9.5%[23] - The company's total equity decreased to CNY 1,357,491,800.72 from CNY 1,368,151,079.49, a decline of 0.5%[23] - The company's cash and cash equivalents decreased to CNY 113,839,550.40 from CNY 128,318,407.72, a decline of 11.3%[21] Shareholder Information - The total number of shareholders reached 26,329 at the end of the reporting period[9] - The largest shareholder, Li Guangyuan, holds 47.98% of the shares, amounting to 249,499,500 shares[9] Receivables and Inventory - Accounts receivable decreased by 37.33% to ¥147,812,769.61 due to the collection of matured notes during the reporting period[11] - Prepayments increased significantly by 240.45% to ¥32,643,755.74, primarily due to increased sales revenue and prepayments for copper[11] - Other receivables rose by 68.70% to ¥27,550,286.11, attributed to an increase in business reserve funds and bidding deposits[11] - Inventory increased to CNY 97,487,781.85, a rise of 21.3% compared to CNY 80,408,888.73 in the previous year[22] Expenses - Sales expenses increased by 43.82% to ¥12,977,413.34, linked to rising business-related costs[13] - Management expenses rose by 30.96% to ¥15,583,987.16, mainly due to increased fees for hiring intermediary and consulting services[13] - Financial expenses surged by 92.13% to ¥3,204,293.96, resulting from increased funding needs due to higher sales revenue and bank loans[13] Investment Activities - The net cash flow from investing activities was -¥10,741,908.41, reflecting a significant increase in cash payments for fixed asset purchases[15] - Cash inflow from investment activities totaled CNY 360,875.00, down from CNY 341,037,428.44 in Q1 2017, indicating a significant decrease in investment returns[36] - Net cash flow from investment activities was negative CNY 7,376,503.50, compared to negative CNY 1,234,610.03 in Q1 2017[36] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company reported an asset impairment loss of ¥7,585,188.50, which is a notable increase from ¥1,316,675.45 in the previous year[30]