SGP(SH:603586)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 93.51% to CNY 2,983,791.03, down from CNY 45,974,973.97 in the same period last year[7] - Operating revenue declined by 8.35% to CNY 322,210,000.91, compared to CNY 351,580,121.48 in the previous year[7] - Basic earnings per share dropped by 96.55% to CNY 0.01, compared to CNY 0.29 in the same period last year[7] - Operating profit fell by 94.98% to CNY 2,795,549.85, primarily due to exchange losses from the appreciation of the RMB against the USD and rising raw material costs[15][16] - Net profit for Q1 2018 decreased by 93.54% to CNY 2,969,083.52 compared to CNY 45,959,689.69 in the same period last year[15] - The company reported a net profit of CNY 2,795,549.85 for the quarter, reflecting a significant decline compared to the previous year's profit[30] - Net profit for Q1 2018 was CNY 314,956.73, down 99.06% from CNY 33,530,693.72 in the previous period[34] - The company reported a total profit of CNY 370,537.33 for Q1 2018, down from CNY 38,914,512.76 in the previous period[33] Cash Flow - Cash flow from operating activities decreased by 49.17% to CNY 10,192,442.42, down from CNY 20,051,480.72 year-on-year[7] - Cash flow from operating activities for Q1 2018 was CNY 10,192,442.42, a decrease of 49.36% from CNY 20,051,480.72 in the previous period[34] - Cash inflow from financing activities totaled ¥115,502,100.00, a decrease from ¥1,219,425,000.00 in the prior period[36] - The net cash flow from financing activities was ¥27,462,494.69, down from ¥987,937,217.81 year-over-year[35] - The net cash flow from investing activities was ¥60,900,926.85, a significant improvement from a negative ¥20,171,550.46 in the previous period[35] - The cash outflow for operating activities was ¥254,831,427.75, compared to ¥247,780,695.56 in the previous period[36] Assets and Liabilities - Total assets increased by 2.14% to CNY 2,875,879,590.86 compared to the end of the previous year[7] - Total assets increased to CNY 2,875,879,590.86 from CNY 2,815,714,452.44, reflecting a growth in liquidity[22][23] - Total liabilities decreased to CNY 536,564,224.29, down 8.5% from CNY 586,450,339.14 at the beginning of the year[28] - Shareholders' equity increased to CNY 1,900,173,644.10, up from CNY 1,823,344,351.25 at the start of the year[29] - Cash and cash equivalents rose to CNY 668,634,476.52, an increase of 28.1% from CNY 521,807,862.17 at the beginning of the year[27] Operational Efficiency - The company plans to adjust product prices to mitigate the impact of rising raw material costs and currency appreciation[18] - The company aims to reduce various expenses and improve operational efficiency in response to competitive pressures[18] - Financial expenses surged by 250.71% to CNY 21,635,541.08, mainly due to increased exchange losses[15] - Total operating costs increased to CNY 321,539,979.80, up 7.7% from CNY 298,450,017.20 year-over-year[30] Shareholder Information - The total number of shareholders reached 24,954 at the end of the reporting period[11] - The largest shareholder, Shandong Jinqilin Investment Management Co., Ltd., holds 42.05% of the shares[11] Other Financial Metrics - Non-recurring gains and losses totaled CNY 2,847,249.62 for the reporting period[10] - Other receivables decreased by 39.13% to CNY 10,740,601.95, mainly due to reduced export tax rebates[15] - The company received CNY 34,471,160.99 in tax refunds during Q1 2018, an increase from CNY 27,054,525.33 in the previous period[34] - The impact of exchange rate changes on cash and cash equivalents was a negative ¥16,168,392.78, compared to a negative ¥752,215.30 in the previous period[35]