东尼电子(603595) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 402.70% to CNY 87,934,577.83 compared to the same period last year[6]. - Operating revenue surged by 210.96% to CNY 294,926,490.97 compared to the same period last year[6]. - The basic earnings per share increased by 273.91% to CNY 0.86[6]. - The net profit for Q1 2018 reached CNY 91,323,604.76, compared to CNY 17,492,607.08 in Q1 2017, reflecting a growth of 414.5%[28]. - The total profit for Q1 2018 was CNY 108,311,220.14, compared to CNY 22,512,015.94 in Q1 2017, marking an increase of 381.5%[28]. - The company reported operating profit of CNY 105,015,440.14 for Q1 2018, compared to CNY 22,146,473.92 in the same quarter last year, an increase of 373.5%[28]. Revenue and Costs - Operating revenue for Q1 2018 reached CNY 294.93 million, a significant increase of 210.96% compared to CNY 94.85 million in Q1 2017, primarily driven by increased sales of diamond cutting wire products[12]. - Operating costs rose to CNY 152.03 million, up 168.02% from CNY 56.72 million in the same period last year, reflecting the corresponding increase in costs due to higher sales[12]. - Total operating costs for Q1 2018 were CNY 197,566,593.47, compared to CNY 71,011,768.70 in the previous year, indicating an increase of about 178%[24]. Cash Flow - Cash flow from operating activities showed a significant decline of 210.07%, resulting in a net outflow of CNY 25,966,523.90[6]. - The company reported a net cash flow from operating activities of -CNY 25.97 million, a decline of 210.07% compared to CNY 23.59 million in Q1 2017, attributed to increased accounts receivable and prepayments for raw materials[13]. - The net cash flow from operating activities was -26,319,838.23 RMB, compared to 23,590,681.97 RMB in the previous period, indicating a significant decline in operational cash generation[33]. - Total cash inflow from operating activities amounted to 171,919,186.54 RMB, up from 108,248,111.86 RMB year-over-year, reflecting a growth of approximately 58.8%[33]. - Cash outflow from operating activities totaled 198,239,024.77 RMB, compared to 84,657,429.89 RMB in the previous period, representing an increase of about 134.8%[33]. Assets and Liabilities - Total assets increased by 12.84% to CNY 1,396,126,492.63 compared to the end of the previous year[6]. - Total liabilities reached CNY 570,066,247.53, compared to CNY 505,366,206.10 at the beginning of the year, indicating an increase of approximately 12.8%[22]. - Current liabilities increased to CNY 487,215,634.74 from CNY 444,023,195.59, showing a rise of about 9.7%[21]. - Non-current assets totaled CNY 600,415,027.47, up from CNY 502,613,689.21 at the beginning of the year, reflecting a growth of approximately 19.5%[21]. - The company's total current assets as of March 31, 2018, amounted to CNY 800.11 million, up from CNY 745.03 million at the beginning of the year[16]. Shareholder Information - The number of shareholders reached 4,742 by the end of the reporting period[9]. - Owner's equity totaled CNY 827,240,379.44, up from CNY 730,684,119.77, reflecting a growth of about 13.2%[22]. Inventory and Receivables - Accounts receivable increased by 222.37% to CNY 97,882,387.83 due to expanded sales of diamond cutting wire products[10]. - Inventory rose by 37.71% to CNY 139,388,886.96, reflecting strong sales performance[10]. - Accounts receivable increased significantly to CNY 367.29 million from CNY 353.46 million, indicating a growing customer base and sales volume[16]. - Inventory increased to CNY 139,018,294.15 from CNY 100,730,108.98, representing a growth of about 37.7%[21]. Tax and Expenses - The income tax expense for Q1 2018 was CNY 16.99 million, a 238.44% increase from CNY 5.02 million in Q1 2017, reflecting higher operating income and profits[12]. - The company incurred sales expenses of CNY 7,861,525.51 in Q1 2018, compared to CNY 2,735,635.52 in the previous year, an increase of 187.5%[27]. - Management expenses for Q1 2018 were CNY 26,187,359.77, up from CNY 9,121,844.31 in Q1 2017, reflecting a rise of 187.5%[27]. - Financial expenses in Q1 2018 amounted to CNY 5,383,149.24, compared to CNY 2,307,240.05 in the same period last year, an increase of 133.8%[27]. - The company paid 44,421,181.47 RMB in taxes during the period, significantly higher than the 7,851,907.21 RMB paid in the previous period, reflecting increased tax obligations[33]. Investment Activities - Investment activities generated a net cash flow of -CNY 64.26 million, a 139.41% increase from -CNY 26.84 million in the previous year, mainly due to increased fixed asset investments[14]. - The company successfully acquired land use rights for CNY 36.13 million, indicating ongoing expansion efforts[14]. - The net cash flow from investing activities was -57,329,040.06 RMB, worsening from -26,842,500.51 RMB in the previous period[34]. - Cash inflow from investing activities was 70,299,715.69 RMB, while cash outflow was 127,628,755.75 RMB, leading to a net cash outflow in this segment[34]. Financing Activities - Financing activities resulted in a net cash flow of CNY 75.84 million, a substantial increase of 458.91% compared to -CNY 21.13 million in Q1 2017, primarily due to increased bank borrowings[14]. - The net cash flow from financing activities was 75,843,219.26 RMB, a significant improvement compared to -21,131,479.59 RMB in the previous period[34]. - Cash inflow from financing activities reached 94,199,876.27 RMB, while cash outflow was 18,356,657.01 RMB, indicating strong financing support[34].