华达科技(603358) - 2018 Q1 - 季度财报

I. Important Notice The company's management guarantees the report's accuracy and completeness, noting that the quarterly report is unaudited 1.1 Guarantee of Report Authenticity by Board, Supervisory Board, and Management The board, supervisory board, and senior management assure the report's truthfulness and completeness, explicitly stating it is unaudited - Company management guarantees the truthfulness, accuracy, and completeness of the 2018 first-quarter report[4] - This company's first-quarter report is unaudited[4] II. Company Profile This section provides an overview of the company's key financial data and shareholder information for the reporting period 2.1 Key Financial Data In Q1 2018, revenue grew 33.27% to RMB 773.74 million, net profit attributable to shareholders increased 5.21% to RMB 81.66 million, and operating cash flow turned positive Key Financial Data for Q1 2018 | Indicator | Current Period | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 773,737,871.65 | 580,578,688.75 | 33.27% | | Net Profit Attributable to Shareholders (RMB) | 81,662,475.87 | 77,620,140.93 | 5.21% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 80,121,312.87 | 76,451,707.30 | 4.80% | | Net Cash Flow from Operating Activities (RMB) | 18,966,308.72 | -112,908,314.86 | Not Applicable | | Basic Earnings Per Share (RMB/share) | 0.51 | 0.49 | 4.08% | | Weighted Average Return on Net Assets (%) | 3.17% | 5.19% | Decreased by 2.02 percentage points | | Indicator | End of Current Period | End of Prior Year | Change from Prior Year-End (%) | | Total Assets (RMB) | 3,992,683,858.20 | 3,913,859,399.67 | 2.01% | | Net Assets Attributable to Shareholders (RMB) | 2,613,969,286.22 | 2,532,306,810.35 | 3.22% | - Total non-recurring gains and losses for the reporting period amounted to RMB 1.54 million, primarily from government subsidies and other non-operating income recognized in the current period[7][8] 2.2 Total Shareholders, Top Ten Shareholders, and Top Ten Unrestricted Shareholders at Period End As of the reporting period end, the company had 18,110 shareholders, with controlling shareholder Chen Jinghong holding 56.09% of shares, some of which are pledged - As of the end of the reporting period, the company had 18,110 shareholders[8] Top Five Shareholders' Holdings | Shareholder Name | Number of Shares Held | Percentage (%) | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | | Chen Jinghong | 89,744,100 | 56.09 | Pledged 13,000,000 | | Ge Jianghong | 14,247,700 | 8.90 | Pledged 7,200,000 | | Liu Danqun | 8,968,800 | 5.61 | None | | Zhu Shimin | 5,443,200 | 3.40 | None | | Xu Xia | 1,599,600 | 1.00 | None | - Among the top ten shareholders, Ge Jianghong is the son-in-law of Chen Jinghong; no other related party relationships exist among the remaining shareholders[9] III. Significant Events This section confirms that no significant changes in accounting items, financial indicators, or major event progress were reported for the period 3.1 Significant Changes in Key Accounting Statement Items and Financial Indicators, and Reasons The company did not disclose any significant changes in key accounting statement items or financial indicators during the reporting period - The company indicated 'not applicable' in this report, meaning no significant changes in key accounting statement items or financial indicators and their reasons were reported[10] 3.2 Analysis of Progress, Impact, and Solutions for Significant Events The company did not report any progress, impact, or solutions for significant events during the reporting period - The company indicated 'not applicable' in this report, meaning no progress on significant events was reported[10] 3.4 Warning and Explanation Regarding Potential Cumulative Net Loss or Significant Change in Net Profit from Year-Beginning to End of Next Reporting Period The company did not provide a performance forecast or issue any warnings regarding potential cumulative net loss or significant changes in net profit for the next reporting period - The company indicated 'not applicable' in this report, meaning no warning regarding significant changes in cumulative net profit for the next reporting period was issued[11] IV. Appendix This section contains the unaudited financial statements for the first quarter of 2018, including the balance sheet, income statement, and cash flow statement 4.1 Financial Statements This chapter provides the company's unaudited consolidated and parent company financial statements for Q1 2018, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2018, total assets were RMB 3.99 billion, up 2.01%, with total liabilities at RMB 1.38 billion and equity attributable to parent company at RMB 2.61 billion Key Items from Consolidated Balance Sheet (March 31, 2018) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 486,786,678.90 | 954,259,422.25 | -49.0% | | Inventories | 1,220,224,391.59 | 1,006,618,481.40 | +21.2% | | Total Assets | 3,992,683,858.20 | 3,913,859,399.67 | +2.01% | | Total Liabilities | 1,378,714,571.98 | 1,381,552,589.32 | -0.21% | | Total Equity Attributable to Parent Company Owners | 2,613,969,286.22 | 2,532,306,810.35 | +3.22% | Consolidated Income Statement In Q1 2018, total operating revenue reached RMB 773.74 million, a 33.27% increase, while total operating costs grew 39.31%, resulting in a net profit of RMB 81.66 million Key Items from Consolidated Income Statement (Jan-Mar 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 773,737,871.65 | 580,578,688.75 | +33.27% | | Total Operating Costs | 680,372,695.93 | 488,380,419.87 | +39.31% | | Operating Profit | 98,056,993.19 | 92,418,268.88 | +6.10% | | Total Profit | 98,717,153.38 | 93,800,823.73 | +5.24% | | Net Profit | 81,662,475.87 | 77,620,140.93 | +5.21% | | Basic Earnings Per Share (RMB/share) | 0.51 | 0.49 | +4.08% | Consolidated Cash Flow Statement Q1 2018 saw net cash flow from operating activities improve to RMB 18.97 million, while investing activities resulted in a net outflow of RMB 472.42 million Key Items from Consolidated Cash Flow Statement (Jan-Mar 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 18,966,308.72 | -112,908,314.86 | | Net Cash Flow from Investing Activities | -472,420,691.63 | -325,904,153.19 | | Net Cash Flow from Financing Activities | 172,110.49 | 1,079,574,228.94 | | Net Increase in Cash and Cash Equivalents | -453,512,743.35 | 640,732,218.74 | 4.2 Audit Report The financial statements included in this quarterly report are unaudited - The company explicitly states that this quarterly financial report is unaudited[32]