艾迪精密(603638) - 2018 Q1 - 季度财报

Important Notice The company's management affirms the truthfulness and completeness of this unaudited quarterly report and its financial statements Board Statement and Audit Status The board and management confirm the accuracy and completeness of the unaudited quarterly report and its financial statements - Company management confirmed the truthfulness, accuracy, and completeness of this quarterly report and assumes individual and joint legal responsibility[7] - This quarterly financial report is unaudited[7] Company Profile The company reported strong financial growth in Q1 2018, with significant revenue and net profit increases, alongside changes in asset and shareholder structures Key Financial Data The company achieved strong Q1 2018 performance with significant revenue and net profit growth, despite negative and expanding operating cash flow Financial Performance Indicators | Indicator | Current Period | Prior Year Period | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 216,849,112.37 | 139,070,244.92 | 55.93% | | Net Profit Attributable to Shareholders (CNY) | 51,059,328.47 | 30,627,899.69 | 66.71% | | Net Profit Attributable to Shareholders Excluding Non-recurring Items (CNY) | 50,941,402.28 | 30,246,111.13 | 68.42% | | Basic EPS (CNY/share) | 0.29 | 0.19 | 52.63% | | Weighted Average ROE (%) | 5.89% | 4.47% | Increased 1.42 percentage points | | Net Cash Flow from Operating Activities (CNY) | -10,553,403.61 | -5,113,111.04 | -106.4% | Asset Indicators | Asset Indicator | End of Reporting Period (CNY) | End of Prior Year (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 1,113,916,654.06 | 979,132,301.37 | 13.77% | | Net Assets Attributable to Shareholders (CNY) | 892,911,806.92 | 841,090,282.37 | 6.16% | - Total non-recurring gains and losses for the reporting period amounted to CNY 117,926.19, primarily from net non-operating income and expenses[9] Shareholder Ownership As of the reporting period end, the company had 6,680 shareholders, with the top three holding 62.5% of shares, including some pledged by major shareholders - As of the end of the reporting period, the company had a total of 6,680 shareholders[9] Shareholder Information | Shareholder Name | Shareholding Percentage (%) | Share Status | | :--- | :--- | :--- | | FENG XIAO HONG | 25.00% | Pledged 4.1 million shares | | SONG YU XUAN | 18.75% | None | | Yantai Xiangyu Investment Co., Ltd. | 18.75% | Pledged 5.95 million shares | | Yantai Haoyin Investment Center (Limited Partnership) | 4.87% | None | Significant Events The company experienced significant financial changes driven by market conditions and operational expansion, with no other major events or unfulfilled commitments Analysis of Significant Changes in Financial Statement Items and Indicators Significant changes in financial statement items reflect market improvements and operational expansion, with increased assets and liabilities, higher revenues and expenses, and altered cash flow patterns Balance Sheet Items | Balance Sheet Item | Change (%) | Reason | | :--- | :--- | :--- | | Accounts Receivable | 81.69% | Favorable market conditions, increase in accounts receivable with reasonable payment terms | | Inventories | 26.41% | Favorable market conditions, increased raw material procurement | | Construction in Progress | 31.39% | Increased infrastructure investment | | Short-term Borrowings | 400.00% | Increased loans to support expanded production | | Accounts Payable | 52.49% | Increased procurement, leading to higher accounts payable | Income Statement Items | Income Statement Item | Change (%) | Reason | | :--- | :--- | :--- | | Operating Revenue | 55.93% | Sustained favorable market conditions, increased sales volume | | Administrative Expenses | 66.68% | Continued increase in R&D investment | | Financial Expenses | 133.86% | Exchange rate fluctuations in the market | | Taxes and Surcharges | -38.83% | Increased VAT refunds led to a reduction in surtaxes | Cash Flow Statement Items | Cash Flow Statement Item | Change (%) | Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -106.40% | Increased procurement, and major customers primarily settle with bills | | Net Cash Flow from Investing Activities | -95.87% | Increased investment in infrastructure | | Net Cash Flow from Financing Activities | -83.60% | Due to approximately CNY 290 million in IPO proceeds in January 2017 | Other Significant Events The company reported no significant event progress, overdue unfulfilled commitments, or adverse profit forecasts during the period - No significant event progress, overdue unfulfilled commitments, or major performance change warnings were reported during the period[13] Appendix: Financial Statements This appendix provides the consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements Consolidated Balance Sheet As of March 31, 2018, total assets reached CNY 1.11 billion, with liabilities significantly increasing to CNY 221 million, while equity attributable to parent company owners grew to CNY 893 million Consolidated Balance Sheet | Item | Period-end Balance (CNY) | Year-beginning Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 1,113,916,654.06 | 979,132,301.37 | | Total Current Assets | 459,205,401.31 | 363,615,151.48 | | Total Non-current Assets | 654,711,252.75 | 615,517,149.89 | | Total Liabilities | 221,004,847.14 | 138,042,019.00 | | Total Current Liabilities | 200,090,812.47 | 116,060,584.56 | | Total Non-current Liabilities | 20,914,034.67 | 21,981,434.44 | | Total Owners' Equity | 892,911,806.92 | 841,090,282.37 | Consolidated Income Statement Q1 2018 saw total operating revenue reach CNY 217 million, driving operating profit to CNY 59.41 million and net profit attributable to parent company shareholders to CNY 51.06 million Consolidated Income Statement | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 216,849,112.37 | 139,070,244.92 | | II. Total Operating Costs | 157,791,262.85 | 103,698,586.90 | | III. Operating Profit | 59,405,542.40 | 35,371,658.02 | | IV. Total Profit | 59,544,279.10 | 35,820,821.03 | | V. Net Profit | 51,059,328.47 | 30,627,899.69 | | Net Profit Attributable to Parent Company Shareholders | 51,059,328.47 | 30,627,899.69 | | VII. Total Comprehensive Income | 51,059,328.47 | 30,627,899.69 | | VIII. Basic EPS (CNY/share) | 0.29 | 0.19 | Consolidated Cash Flow Statement Q1 2018 saw negative operating cash flow of CNY -10.55 million, investing cash outflow of CNY 43.63 million, and financing cash inflow of CNY 39.70 million, resulting in a period-end cash balance of CNY 40.78 million Consolidated Cash Flow Statement | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -10,553,403.61 | -5,113,111.04 | | Net Cash Flow from Investing Activities | -43,627,222.02 | -22,273,697.57 | | Net Cash Flow from Financing Activities | 39,703,474.99 | 242,123,893.77 | | Net Increase in Cash and Cash Equivalents | -14,920,677.66 | 214,671,206.20 | | Period-end Cash and Cash Equivalents Balance | 40,775,995.10 | 263,596,490.35 | Parent Company Financial Statements Parent company financial statements, including balance sheet, income statement, and cash flow, show trends consistent with consolidated reports but exclude subsidiary data - Parent company statement data (balance sheet, income statement, cash flow statement) are provided, reflecting the financial status of the company's headquarters, with trends largely consistent with consolidated reports[18][25][29]