PNC(SH:603690)2018-04-27 16:00Financial Performance - Operating revenue rose by 49.58% to CNY 73,526,175.78 year-on-year[12] - Net profit attributable to shareholders decreased by 71.36% to CNY 2,235,818.41 compared to the same period last year[6] - The weighted average return on equity decreased by 1.77 percentage points to 0.5%[6] - Total revenue for Q1 2018 reached ¥73,526,175.78, a 49.5% increase from ¥49,156,532.78 in the same period last year[23] - Net profit for Q1 2018 was ¥1,555,521.88, a decrease of 80.1% compared to ¥7,805,796.07 in Q1 2017[24] - The total operating profit for Q1 2018 was CNY 2,922,789.92, an increase from CNY 2,134,445.75 in the previous period[27] - The net profit for Q1 2018 was CNY 2,608,462.89, compared to CNY 7,096,919.22 in the same period last year, indicating a significant decrease[27] Assets and Liabilities - Total assets increased by 44.97% to CNY 1,078,776,457.08 compared to the end of the previous year[6] - Total assets as of the end of Q1 2018 amounted to ¥1,009,009,813.92, an increase from ¥951,058,595.25 at the end of Q1 2017[22] - Current liabilities rose to ¥644,034,459.44 from ¥567,648,849.28, indicating increased short-term borrowing[17] - Total liabilities for Q1 2018 were ¥628,324,511.52, compared to ¥575,493,700.95 in Q1 2017, reflecting an increase of 9.2%[22] - Current assets totaled ¥677,494,176.50, up from ¥622,767,162.05 in the previous year, indicating a growth of 8.8%[22] Cash Flow - Cash flow from operating activities improved by 12.41% to a net outflow of CNY 35,994,168.00 compared to the previous year[6] - Operating cash flow net amount improved by 12.41% to -¥35,994,168.00 compared to the previous year[13] - Cash inflow from operating activities was CNY 132,659,191.18, up from CNY 54,490,345.15 in the previous period[30] - The net cash flow from operating activities was -CNY 35,994,168.00, an improvement from -CNY 41,094,470.10 in the previous year[30] - Cash inflow from financing activities totaled CNY 121,100,381.07, compared to CNY 96,972,553.10 in the previous period[31] - The net cash flow from financing activities was CNY 12,652,807.86, a decrease from CNY 93,865,251.55 in the previous year[31] Inventory and Prepayments - Inventory increased by 30.60% to CNY 270,805,420.77 due to tight supply in the semiconductor industry[12] - Prepayments increased by 61.35% to CNY 87,153,006.81 as the company stocked up to ensure smooth operations[12] - The company reported a significant increase in inventory, which rose to ¥204,559,334.96 from ¥157,614,157.07, marking a 29.7% increase[22] Expenses - Significant increase in management expenses by 108.21% to CNY 15,525,371.98 due to hiring high-end talent and stock incentive costs[12] - Financial expenses increased by 191.48% to ¥6,972,256.83 due to higher funding needs for business expansion[13] - The company’s financial expenses for Q1 2018 were ¥6,972,256.83, compared to ¥2,391,990.64 in Q1 2017, indicating a substantial increase of 191.5%[24] Shareholder Information - The number of shareholders reached 19,885 by the end of the reporting period[11] - The total equity attributable to shareholders increased to ¥409,811,276.96 from ¥405,063,513.34, reflecting a slight growth in retained earnings[18] Strategic Plans - The company plans to expand its semiconductor business in response to national industry strategies[12] - The company plans to acquire over 50% of Shanghai Bohui Technology Co., Ltd. through a share and cash issuance, marking a significant asset restructuring[13] - The company has engaged independent financial advisors and other intermediaries for the asset restructuring process[13]