SUNSTONE(SH:603612)2018-04-24 16:00Financial Performance - Operating revenue rose by 47.43% to CNY 918,626,346.78 year-on-year[5] - Net profit attributable to shareholders decreased by 12.60% to CNY 95,998,779.95 compared to the same period last year[5] - Basic earnings per share fell by 34.43% to CNY 0.40[5] - The weighted average return on equity decreased by 3.51 percentage points to 3.97%[5] - Total operating revenue for Q1 2018 reached ¥918,626,346.78, a significant increase of 47.5% compared to ¥623,097,711.81 in the same period last year[25] - Net profit for Q1 2018 was ¥99,249,584.16, a decrease of 13% from ¥113,911,834.72 in Q1 2017[26] - Operating revenue for Q1 2018 was CNY 247,057,154.18, an increase of 49.4% compared to CNY 165,134,516.88 in the same period last year[28] - Net profit for Q1 2018 was CNY 2,991,730.80, down 36.4% from CNY 4,708,442.85 in Q1 2017[29] Cash Flow - Net cash flow from operating activities dropped by 57.89% to CNY 47,364,486.26[5] - Cash flow from operating activities for Q1 2018 was CNY 47,364,486.26, a decrease of 57.9% from CNY 112,490,467.89 in Q1 2017[33] - Cash flow from investing activities showed a net outflow of CNY 214,031,561.95, compared to a net outflow of CNY 27,219,514.22 in the same period last year[33] - The total cash inflow from operating activities was ¥329,773,387.28, down 13.9% from ¥383,261,064.25 in the previous period[34] - The cash outflow for operating activities was ¥272,282,450.63, an increase of 4.8% compared to ¥260,815,886.76 in the previous period[34] Assets and Liabilities - Total assets increased by 8.83% to CNY 4,820,543,815.74 compared to the end of the previous year[5] - Cash and cash equivalents increased by 37.06% to ¥558,099,894.06 due to increased bank borrowings[12] - Accounts receivable rose by 54.53% to ¥689,625,778.52, primarily driven by increased sales[12] - Total liabilities reached ¥635,547,786.53, up from ¥488,504,438.11 at the start of the year, indicating a rise in financial obligations[23] - Long-term borrowings rose by 56.97% to ¥286,369,714.34, mainly for financing the new production projects[12] Shareholder Information - The total number of shareholders reached 28,890 at the end of the reporting period[10] - The largest shareholder, Lang Guanghui, holds 46.47% of the shares, with 3,440,000 shares pledged[10] Expenses - Operating costs increased by 57.97% to ¥692,890,975.89, reflecting higher sales and cost of goods sold[13] - Management expenses surged by 49.97% to ¥30,420,471.36, mainly due to increased project management costs[14] - Sales expenses decreased to CNY 9,803,287.25 from CNY 12,500,174.38, a reduction of 21.4%[28] - Management expenses increased to CNY 21,024,801.43 from CNY 13,525,326.90, an increase of 55.4%[28] Investments - The company is actively investing in projects such as the annual production of 300,000 tons of prebaked anodes and waste heat power generation[12] - Cash flow from investing activities showed a net outflow of ¥214,031,561.95, a 686.32% increase, due to investments in major projects[15] Audit and Non-recurring Items - The company has not undergone an audit for this quarterly report[7] - Non-recurring gains and losses totaled CNY 3,071,066.59 for the period[8]