浙江鼎力(603338) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue rose by 23.04% to CNY 311,445,874.32 year-on-year[6] - Net profit attributable to shareholders increased by 4.38% to CNY 70,109,482.84 compared to the same period last year[6] - The company's total equity attributable to shareholders reached CNY 2,261,974,696.24, compared to CNY 2,195,287,442.70 at the beginning of the year, marking a growth of 3%[21] - The company reported a gross profit margin of approximately 25.7% for Q1 2018, compared to 30.5% in Q1 2017, indicating a decrease in profitability[24] - The net profit for Q1 2018 reached CNY 70,109,482.84, representing a 4.3% increase from CNY 67,165,252.14 in Q1 2017[24] Cash Flow - The net cash flow from operating activities was negative at CNY -57,596,462.84, compared to CNY -961,530.36 in the previous year[6] - Cash flow from operating activities showed a net outflow of ¥57,596,462.84, as cash received from sales did not keep pace with cash paid for raw materials[11] - Cash flow from investing activities also showed a net outflow of ¥95,651,550.10, mainly due to increased purchases of financial products[11] - The total cash outflow from operating activities was $444.20 million, significantly higher than $190.26 million in the previous year[31] - The company reported a significant increase in cash payments for purchasing goods and services, totaling $335.40 million, compared to $140.51 million in the previous year[31] Assets and Liabilities - Total assets increased by 4.83% to CNY 2,912,679,435.74 compared to the end of the previous year[6] - Total liabilities as of March 31, 2018, were CNY 483,223,690.53, an increase from CNY 454,825,189.79 at the start of the year[21] - Accounts receivable increased by 31.46% to ¥383,487,182.67 due to increased sales[10] - Inventory levels rose to CNY 269,622,408.19, up from CNY 243,055,592.75, indicating an increase of 10.9%[19] Shareholder Information - The total number of shareholders reached 7,938 at the end of the reporting period[9] - The largest shareholder, Xu Shugen, holds 47.49% of the shares, totaling 84,025,000 shares[9] - Basic and diluted earnings per share decreased by 2.44% to CNY 0.40[6] Government Support and Non-Recurring Items - Government subsidies recognized in the current period amounted to CNY 2,381,766.43[7] - The company reported a total of CNY 2,852,651.77 in non-recurring gains and losses[7] - Other income rose by 477.40% to ¥2,381,766.43, reflecting increased government subsidies received[10] Investment Activities - The company invested $20 million to acquire a 25% stake in California Manufacturing and Engineering Co., LLC[11] - The cash inflow from investment activities was CNY 247,693,729.32, compared to CNY 153,649,632.89 in the previous year[28] - The cash outflow from investment activities was CNY 343,345,279.42, significantly higher than CNY 165,223,262.64 in Q1 2017[28] Financial Ratios - The weighted average return on equity decreased by 2.87 percentage points to 3.13%[6] - The company's cash and cash equivalents decreased to CNY 595,381,790.38 from CNY 713,514,640.48 at the beginning of the year, a decline of 16.5%[19]