水星家纺(603365) - 2018 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 596,794,109.63, representing a growth of 24.79% year-on-year[6] - Net profit attributable to shareholders was CNY 72,511,394.24, an increase of 24.58% compared to the same period last year[6] - Basic earnings per share for the first quarter were CNY 0.27, down 6.90% from CNY 0.29 in the previous year[7] - Total operating revenue for Q1 2018 reached ¥596,794,109.63, an increase of 25% compared to ¥478,221,874.37 in the same period last year[23] - Total operating costs amounted to ¥508,919,116.16, up from ¥407,808,805.64, reflecting a 25% increase year-over-year[23] - Net profit for Q1 2018 was ¥72,511,394.24, representing a 24.6% increase from ¥58,204,186.11 in Q1 2017[24] - The company's operating revenue for Q1 2018 was CNY 550,996,636.20, representing a 26.5% increase from CNY 435,031,110.37 in the same period last year[26] - The net profit for Q1 2018 reached CNY 63,199,362.82, up 28.6% from CNY 49,156,667.15 in Q1 2017[27] - The total comprehensive income for Q1 2018 was CNY 63,199,362.82, compared to CNY 49,156,667.15 in Q1 2017, indicating a significant growth[27] Cash Flow - The company reported a net cash flow from operating activities of CNY -87,122,129.97, which is not comparable to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY 87,122,129.97, worsening from a net outflow of CNY 23,612,606.74 in the same period last year[29] - Cash inflow from operating activities totaled CNY 668,119,470.84, compared to CNY 543,746,476.83 in Q1 2017, reflecting a strong operational performance[29] - The net cash flow from operating activities was -95,058,079.69 RMB, compared to -19,645,591.95 RMB in the previous period, indicating a decline in operational performance[32] - Cash inflow from operating activities totaled 620,412,800.40 RMB, up from 468,331,237.83 RMB year-over-year, reflecting a growth of approximately 32.4%[32] - Cash outflow from operating activities increased to 715,470,880.09 RMB from 487,976,829.78 RMB, representing a rise of about 46.6%[32] - Overall, the company is facing significant cash flow challenges, with a total net decrease in cash and cash equivalents of -582,747,829.86 RMB during the period[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,494,470,054.08, a decrease of 5.22% compared to the end of the previous year[6] - Cash and cash equivalents decreased by 47.70% to ¥663,209,284.69 from ¥1,268,012,361.05 due to investment project implementation and purchase of financial products[13] - Other current assets increased significantly by 8329.43% to ¥464,217,758.13 from ¥5,507,106.97, attributed to temporarily idle funds used for financial products[13] - Prepayments rose by 140.92% to ¥82,129,372.56 from ¥34,089,356.54, mainly due to procurement prepayments[13] - Short-term borrowings decreased by 100% to ¥0 from ¥30,000,000.00 after repayment[13] - Accounts payable decreased by 43.44% to ¥183,467,852.58 from ¥324,381,812.74, resulting from payments to suppliers[14] - Current liabilities decreased to ¥375,062,405.21 from ¥584,921,854.90[17] - Non-current assets slightly decreased to ¥450,123,655.15 from ¥451,686,769.50[17] - The total equity attributable to shareholders increased to ¥2,108,143,668.93 from ¥2,035,632,274.69, reflecting a growth of approximately 3.5%[20] Investment Activities - The company reported a financial expense of -¥1,776,442.05, compared to a financial income of ¥2,490,450.18 in the previous year[24] - Net cash flow from investing activities increased by 393.27% to -¥487,826,844.66 from -¥98,896,559.37, primarily due to investments in financial products and project funding[14] - Investment activities resulted in a net cash outflow of CNY 487,826,844.66, compared to a net outflow of CNY 98,896,559.37 in Q1 2017[29] - The net cash flow from investing activities was -487,646,714.00 RMB, worsening from -98,162,388.75 RMB in the previous period, indicating increased investment expenditures[33] - Total cash inflow from investing activities was 35,075,006.85 RMB, while cash outflow reached 487,646,714.00 RMB, leading to a significant net outflow[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,790[10] - The largest shareholder, Mercury Holdings Group Co., Ltd., held 40.42% of the shares[10] Other Financial Metrics - The weighted average return on net assets was 3.50%, a decrease of 2.83 percentage points year-on-year[6] - Non-recurring gains and losses amounted to CNY 235,328.24 for the reporting period[9] - The company’s deferred income tax liabilities stood at ¥5,725.38, indicating a stable position compared to previous periods[20] - The company received 15,000,000.00 RMB from borrowings during the financing activities, which is a new source of cash inflow[33] - The cash flow from financing activities resulted in a net outflow of -6,117,166.65 RMB, indicating challenges in managing financing costs[33] - The company experienced a negative impact of -43,036.17 RMB from exchange rate fluctuations on cash and cash equivalents[33]