Kersen(SH:603626)2018-04-27 16:00Financial Performance - Operating revenue for the current period reached CNY 448,364,022.74, representing a year-on-year increase of 45.58%[8] - Net profit attributable to shareholders was CNY 51,844,730.78, up 156.14% from the same period last year[8] - Basic earnings per share rose to CNY 0.17, reflecting a growth of 70.00% year-on-year[8] - The total comprehensive income for Q1 2018 was ¥51,785,541.82, compared to ¥20,240,813.68 in the same period last year, marking a substantial increase[31] - The net profit for Q1 2018 reached CNY 23,697,406.98, compared to CNY 13,206,496.64 in the same period last year, marking an increase of about 79.4%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,401,730,768.60, a decrease of 1.13% compared to the end of the previous year[8] - The total assets amounted to CNY 3,401,730,768.60, a slight decrease from CNY 3,440,622,546.08 at the beginning of the year[22] - The company's total assets as of the end of Q1 2018 amounted to ¥2,926,495,448.49, slightly up from ¥2,924,462,830.00 at the end of the previous period[26] - Total liabilities decreased to ¥1,261,749,885.78 in Q1 2018 from ¥1,283,414,674.27 in the same period last year[26] - The company's equity increased to ¥1,664,745,562.71 in Q1 2018, compared to ¥1,641,048,155.73 in Q1 2017, reflecting a growth of 1.4%[26] Cash Flow - Cash flow from operating activities was CNY 64,291,294.04, down 21.99% compared to the previous year[8] - The net cash flow from operating activities was CNY 64,291,294.04, down from CNY 82,418,025.81, reflecting a decrease of about 22.0%[36] - Cash inflow from operating activities was CNY 731,660,198.64, up from CNY 425,867,244.93, indicating a growth of approximately 71.7%[36] - The net cash flow from financing activities decreased by CNY 845,383,687.68, a decline of 87.41%, primarily due to last year's inflow from fundraising projects[17] - The ending cash and cash equivalents balance was CNY 340,928,451.78, down from CNY 891,245,792.61, a decline of about 61.7%[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,405[14] - The largest shareholder, Xu Jingen, holds 37.13% of the shares, with 20,366,700 shares pledged[14] - The company does not have any preferred shareholders as of the reporting date[15] Receivables and Prepayments - Accounts receivable decreased by CNY 2,977,697.67, a reduction of 53.76%, mainly due to the collection of matured receivables[16] - Prepayments increased by CNY 3,988,054.71, representing a growth of 34.69%, primarily due to advance payments for goods[16] - Other receivables decreased by CNY 40,710,223.33, a decline of 61.56%, mainly from the recovery of equipment deposit payments[16] Intangible and Non-Current Assets - Intangible assets increased by CNY 33,731,217.03, up 43.55%, primarily due to the acquisition of new land[16] - Other non-current assets surged by CNY 131,773,325.29, an increase of 1085.32%, mainly due to increased advance payments for equipment[16] Operating Costs and Financial Expenses - Operating costs increased by CNY 94,184,139.65, up 42.83%, due to the rise in operating revenue[16] - Financial expenses increased significantly by CNY 11,688,794.03, a rise of 220.66%, mainly due to exchange rate fluctuations and increased interest on short-term loans[17]