CFT(SH:603685)2018-04-26 16:00Financial Performance - Operating revenue for the period was ¥177,683,907.06, representing an increase of 8.25% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥18,496,734.87, a decrease of 26.06% compared to the same period last year[6] - Basic earnings per share decreased by 45.45% to ¥0.18 from ¥0.33 in the previous year[6] - The weighted average return on equity fell to 2.03%, a decrease of 5.05 percentage points compared to the previous year[6] - Net profit decreased by 26.06% to ¥18,496,734.87, attributed to rising raw material costs and increased R&D expenses[15] - Net profit for Q1 2018 was CNY 18,496,734.87, a decrease of 26.2% from CNY 25,015,961.02 in Q1 2017[26] - Earnings per share for Q1 2018 were CNY 0.18, down from CNY 0.33 in the same quarter last year[27] - Operating profit for Q1 2018 was CNY 18,476,027.53, down 27.0% from CNY 25,286,333.66 year-over-year[30] Cash Flow - The net cash flow from operating activities was ¥7,765,221.26, down 31.73% year-on-year[6] - Cash flow from operating activities generated a net amount of CNY 7,765,221.26, a decline of 31.0% compared to CNY 11,374,724.57 in the previous year[34] - Net cash flow from operating activities was $14,029,618.58, down from $24,909,908.23 year-over-year[36] - Total cash inflow from operating activities was $141,158,270.19, while total cash outflow was $127,128,651.61, leading to a positive cash flow situation[36] Assets and Liabilities - Total assets at the end of the reporting period reached ¥995,535,494.89, an increase of 0.96% compared to the end of the previous year[6] - Total liabilities decreased from ¥85,105,205.99 to ¥76,056,553.90, reflecting a reduction in short-term borrowings and other liabilities[20] - Total current assets at the end of Q1 2018 were CNY 758,552,755.32, slightly down from CNY 765,379,578.21 at the beginning of the year[22] - Total liabilities at the end of Q1 2018 were CNY 125,292,444.39, a decrease from CNY 144,193,351.35 at the beginning of the year[23] - Total assets at the end of Q1 2018 were CNY 1,012,665,522.26, down from CNY 1,015,424,722.12 at the beginning of the year[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,876[11] - The largest shareholder, Haining Qiujing Investment Co., Ltd., held 35,100,000 shares, accounting for 35.10% of the total shares[11] Other Income and Expenses - The company reported a non-operating income of ¥183,488.22 from government subsidies related to normal business operations[8] - Financial expenses rose by 71.66% to ¥1,162,631.52 primarily due to increased foreign exchange losses from exports[15] - Other income increased by 266.98% to ¥183,488.22 mainly from government subsidies related to assets[15] - The company incurred sales expenses of CNY 4,332,514.80, an increase of 15.2% from CNY 3,760,087.02 in the same period last year[30] - The financial expenses for Q1 2018 were CNY 1,097,542.46, up 62.2% from CNY 676,447.51 in the previous year[30] Changes in Receivables and Inventory - Accounts receivable decreased by 32.70% to ¥15,989,653.59 due to increased payments to suppliers in the form of notes[13] - Other receivables dropped by 79.09% to ¥483,023.45 primarily due to a reduction in export tax refunds[13] - Inventory increased to CNY 116,702,761.84 from CNY 110,401,293.64 at the beginning of the year[22] Investment Activities - Construction in progress increased by 77.53% to ¥1,173,955.97 due to increased investments in workshop renovations and LED projects[13] - Other non-current assets surged by 344.90% to ¥13,029,478.22 as a result of increased prepayments for equipment and engineering[13] - Investment activities resulted in a net cash outflow of CNY 10,167,566.71, compared to a net outflow of CNY 11,512,191.00 in the previous year[34]