UE(603600)2018-04-26 16:00Financial Performance - Operating revenue increased by 37.42% to CNY 488,597,729.08 year-on-year[7] - Net profit attributable to shareholders rose by 5.78% to CNY 26,023,649.77 compared to the same period last year[7] - The company's operating revenue for Q1 2018 was RMB 488,597,729.08, representing a 37.42% increase compared to RMB 355,547,282.51 in the same period last year[15] - Net profit for Q1 2018 was ¥26,081,393.86, representing an increase of 6.7% compared to ¥24,440,571.64 in Q1 2017[36] - The total comprehensive income for the first quarter of 2018 was CNY 28,485,846.92, compared to CNY 23,797,220.71 in the previous period, representing an increase of approximately 19.1%[39] Cash Flow - Net cash flow from operating activities decreased significantly by 361.69% to -CNY 49,579,617.92[7] - Cash inflows from operating activities amounted to CNY 567,126,571.04, up from CNY 419,427,659.22, indicating a growth of about 35.3% year-over-year[40] - The net cash flow from operating activities was negative CNY 49,579,617.92, a decline from a positive CNY 18,946,075.50 in the previous period[40] - Cash outflows for purchasing goods and services were CNY 514,272,083.30, compared to CNY 307,362,053.92, reflecting an increase of approximately 67.4%[40] - The net cash flow from investing activities was negative CNY 54,271,941.06, a significant decrease from a positive CNY 30,180,869.76 in the previous period[41] - Cash and cash equivalents at the end of the period totaled CNY 84,811,777.50, down from CNY 166,340,869.04 at the end of the previous period[41] - The net cash flow from operating activities was negative CNY 46,079,193.36, compared to a positive CNY 12,136,950.07 in the previous period[44] - The cash and cash equivalents decreased by CNY 98,459,659.75 during the period, contrasting with an increase of CNY 50,313,742.22 in the previous period[45] Assets and Liabilities - Total assets decreased by 2.19% to CNY 1,083,206,456.72 compared to the end of the previous year[7] - Cash and cash equivalents decreased by 55.52% to RMB 84,811,777.50 from RMB 190,670,268.12, mainly due to increased payments for land transfer fees and material purchases[14] - The company's total assets as of March 31, 2018, amounted to RMB 1,083,206,456.72, a decrease from RMB 1,107,407,407.10 at the beginning of the year[28] - The company's total liabilities decreased to RMB 383,647,421.14 from RMB 433,929,765.38, a reduction of about 11.59%[29] - The company's equity attributable to shareholders increased to RMB 692,811,074.43 from RMB 666,787,424.66, an increase of approximately 3.91%[29] - The company's total liabilities decreased to ¥445,847,963.92 from ¥499,743,409.28, a reduction of 10.8%[33] - The total equity increased to ¥478,410,642.65, up from ¥449,924,795.73, reflecting a growth of 6.3%[33] Costs and Expenses - Operating costs increased by 49.47% to RMB 422,988,250.12 from RMB 282,992,143.47 year-on-year, primarily due to business growth and rising material costs[15] - Financial expenses surged by 1095.44% to RMB 6,108,019.20, attributed to increased foreign exchange losses due to RMB appreciation[15] - Total operating costs amounted to ¥475,988,239.98, up 45.2% from ¥327,445,922.60 year-over-year[35] - The financial expenses increased to ¥6,108,019.20 from ¥510,941.48, marking a substantial rise[35] Shareholder Information - The total number of shareholders reached 15,314, with the top ten shareholders holding a combined 89.49% of shares[11] - The company completed a non-public offering of 50,000,000 A-shares on April 20, 2018, increasing the total share capital to 303,044,790 shares[20] - The company reported a total of 304,479 restricted stocks granted, which accounted for 1.20% of the total share capital upon completion of the grant[24] - The company granted a total of 3.04479 million restricted stocks to 113 incentive objects, with 83.77% of the total incentive plan allocated to management and core technical personnel[23] - The company has committed to timely information disclosure regarding the progress of the equity incentive plan[25] Investments and Growth - The company is negotiating price adjustments with customers to mitigate the impact of rising raw material costs[8] - The company is transitioning to RMB for trade settlements with some foreign customers to address exchange rate fluctuations[8] - The company reported a 62.38% increase in prepaid accounts to RMB 33,688,553.64, driven by business growth and increased advance payments for materials[14] - The company’s construction in progress increased by 61.99% to RMB 8,133,414.64, reflecting an increase in engineering projects[14] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[35]