Menovo(SH:603538)2018-04-23 16:00Financial Performance - Operating revenue for the period was CNY 154,703,206.13, representing a growth of 6.35% year-on-year[6] - Net profit attributable to shareholders decreased by 40.77% to CNY 7,867,044.62 compared to the same period last year[6] - Basic earnings per share decreased by 41.67% to CNY 0.07[6] - The company achieved a net profit of 8.40 million RMB in Q1 2018, a decrease of 6.45 million RMB or 43.46% compared to the same period last year[11] - The net profit attributable to shareholders was 7.87 million RMB, down 5.42 million RMB or 40.77% year-on-year[11] - Total revenue for Q1 2018 was CNY 154,703,206.13, an increase of 6.3% compared to CNY 145,459,735.94 in the same period last year[22] - Net profit for Q1 2018 was CNY 8,397,627.11, a decrease of 43.5% from CNY 14,851,984.87 in Q1 2017[23] - Operating profit for Q1 2018 was CNY 9,929,305.29, down 49.8% from CNY 19,774,226.26 in the previous year[23] - Total comprehensive income for the first quarter of 2018 was CNY 1,968,850.12, a decrease of CNY 3,022,740.14 compared to the previous period[26] Assets and Liabilities - Total assets increased by 9.48% to CNY 1,657,224,784.79 compared to the end of the previous year[6] - Total current assets increased to 852.51 million RMB from 777.34 million RMB at the beginning of the year, reflecting a growth of 9.63%[15] - The company's total assets reached 1.66 billion RMB, up from 1.51 billion RMB at the beginning of the year, marking an increase of 9.48%[16] - Current liabilities rose to 475.88 million RMB from 340.14 million RMB, an increase of 39.88%[17] - Total liabilities rose to CNY 578,916,316.01, compared to CNY 441,331,251.51, marking a 31.2% increase[21] - Owner's equity totaled CNY 692,378,199.11, slightly up from CNY 690,409,348.99, indicating a marginal growth of 0.3%[21] Cash Flow - Net cash flow from operating activities was negative at CNY -12,099,933.90, a decline of 141.51% compared to the previous year[6] - Cash inflow from operating activities was CNY 157,372,807.99, down from CNY 161,550,320.21 in the previous period[27] - The company reported a decrease in cash inflow from sales of goods and services, totaling CNY 139,075,286.90, compared to CNY 143,928,826.98 in the previous period[27] - Cash inflow from investment activities totaled CNY 254,857,758.91, significantly higher than CNY 633,039.65 in the previous period[28] - Net cash flow from investment activities was negative CNY 65,660,909.01, compared to negative CNY 20,232,180.22 in the previous period[30] - Cash inflow from financing activities was CNY 217,000,000.00, down from CNY 459,400,000.00 in the previous period[30] - Net cash flow from financing activities was CNY 139,616,985.86, compared to CNY 428,417,787.69 in the previous period[30] - The ending cash and cash equivalents balance was CNY 290,918,716.51, down from CNY 561,670,410.82 in the previous period[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,813[9] - The largest shareholder, Ningbo Meinuo Holdings Co., Ltd., held 27.71% of the shares[9] Government Support and Other Income - The company received government subsidies amounting to CNY 1,155,358.52 during the period[8] - Non-recurring gains and losses totaled CNY 926,645.75 for the quarter[9] - Investment income for Q1 2018 was CNY 1,176,713.71, recovering from a loss of CNY 2,177,008.74 in the same period last year[22] Exchange Rate Impact - The decline in operating profit was primarily due to fluctuations in the USD exchange rate, which impacted sales revenue and financial expenses by over 10 million RMB[11] - The USD to RMB exchange rate decreased significantly from 6.5079 at the beginning of the year to 6.2881 at the end of the quarter, compared to 6.9498 to 6.8993 in the same period last year[11] - The company experienced a foreign exchange loss of CNY 3,623,555.07, compared to a loss of CNY 827,982.64 in the previous period[29]