Yuancheng(SH:603388)2018-04-24 16:00Financial Performance - Operating revenue for the period reached CNY 137,324,540.04, a significant increase of 95.25% year-on-year[6] - Net profit attributable to shareholders increased by 147.82% to CNY 5,297,293.74 compared to the same period last year[6] - Basic earnings per share rose by 53.29% to CNY 0.0256[6] - Operating revenue rose by 95.25% to RMB 137.32 million compared to RMB 70.33 million in the previous period, driven by increased construction project income[14] - Net profit increased by 110.89% to RMB 5.26 million from RMB 2.50 million, reflecting higher revenue and profit growth[14] - Total operating revenue for Q1 2018 reached ¥137,324,540.04, a significant increase of 95.5% compared to ¥70,332,872.27 in the same period last year[25] - Net profit for Q1 2018 was ¥5,262,467.08, representing a 111.4% increase from ¥2,495,382.21 in Q1 2017[26] - The basic and diluted earnings per share for Q1 2018 were both ¥0.0256, compared to ¥0.0167 in the previous year, indicating a 53.3% increase[30] - The total comprehensive income for Q1 2018 was ¥5,262,467.08, significantly higher than ¥2,495,382.21 in Q1 2017[30] Assets and Liabilities - Total assets increased by 13.97% to CNY 1,857,684,512.22 compared to the end of the previous year[6] - The company's total assets increased to RMB 1.86 billion from RMB 1.63 billion, reflecting overall growth[17] - Total liabilities increased to RMB 865.13 million from RMB 827.02 million, indicating a rise in financial obligations[17] - Total assets as of March 31, 2018, amounted to ¥1,936,957,472.56, compared to ¥1,689,568,190.93 at the beginning of the year, reflecting a growth of 14.6%[22] - Total liabilities increased to ¥1,144,840,962.78 in Q1 2018, up from ¥906,517,368.53 at the start of the year, marking a rise of 26.2%[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -166,463,387.13, which is not comparable to the previous year[6] - The cash flow from operating activities showed a net outflow of ¥166,463,387.13, worsening from a net outflow of ¥73,517,205.88 in the same period last year[33] - The net cash flow from financing activities for Q1 2018 was ¥281,950,058.88, down from ¥308,535,230.49 in Q1 2017[34] - The net cash flow from financing activities was $279.1 million, compared to $317.8 million previously, indicating a decrease in financing received[37] Shareholder Information - The total number of shareholders reached 11,490 at the end of the reporting period[11] - The largest shareholder, Zhu Changren, holds 34.72% of the shares, with 71,460,000 shares pledged[11] Expenses - Management expenses increased by 48.75% to RMB 21.80 million due to revenue growth and increased personnel costs[14] - The company reported a significant increase in financial expenses, up 183.96% to RMB 4.95 million, due to higher interest expenses from increased loans[14] - The financial expenses for Q1 2018 were ¥4,999,477.01, up from ¥1,741,190.01 in the previous year, reflecting a 187.5% increase[29] Government Support - The company received government subsidies amounting to CNY 1,800.00 related to its normal business operations[8] Other Financial Metrics - The weighted average return on equity increased by 0.08 percentage points to 0.68%[6] - The company's cash and cash equivalents increased by 63.85% to RMB 248.35 million from RMB 151.57 million due to increased loans[13] - Cash and cash equivalents rose to ¥156,223,404.61, significantly up from ¥51,284,249.64 at the start of the year, indicating a growth of 205.5%[20] - The company's total equity as of March 31, 2018, was ¥792,116,509.78, an increase of 1.4% from ¥783,050,822.40 at the beginning of the year[22]