盛洋科技(603703) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 128.29% year-on-year, amounting to a loss of CNY 5,105,360.90[9] - Operating revenue for the period was CNY 173,009,438.18, representing a decline of 20.22% compared to the same period last year[7] - The weighted average return on equity decreased by 3.87 percentage points to -0.97%[7] - Basic earnings per share were CNY -0.02, a decrease of 125.00% compared to CNY 0.08 in the same period last year[7] - The company's gross profit margin decreased to -2.2% in Q1 2018 from 10.1% in Q1 2017[21] - The net profit for Q1 2018 was a loss of ¥4,775,425.17, compared to a profit of ¥18,707,928.15 in Q1 2017, representing a significant decline[22] - The company reported an operating loss of ¥4,050,749.44 for Q1 2018, contrasting with an operating profit of ¥22,037,934.27 in the previous year[21] Cash Flow - The net cash flow from operating activities was CNY 55,890,392.13, down 21.69% year-on-year[7] - The net cash flow from investing activities improved by 33.89%, moving from CNY -24,377,263.21 to CNY -16,116,722.00, primarily due to increased payments for project costs[12] - The net cash flow from financing activities increased by 145.70%, from CNY -36,638,011.93 to CNY 16,741,837.27, mainly due to an increase in bank borrowings[12] - The company reported a net cash flow from operating activities of ¥55,890,392.13 for Q1 2018, a decrease of 21.6% compared to ¥71,370,715.67 in the same period last year[28] - The net cash flow from financing activities was ¥16,741,837.27, compared to a negative cash flow of -¥36,638,011.93 in the previous year[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,077,095,217, a decrease of 0.17% compared to the end of the previous year[7] - Current liabilities totaled CNY 541,837,929.88, a slight increase from CNY 537,852,531.98 at the beginning of the year[16] - The company's total assets amounted to CNY 1,077,095,217.00, slightly down from CNY 1,078,958,486.05 at the beginning of the year[15] - The total liabilities increased to ¥540,736,427.08 in Q1 2018 from ¥513,053,413.77 in the previous year, marking a rise of 5.4%[21] - The total equity attributable to shareholders decreased from CNY 534,387,129.70 to CNY 528,350,958.57, indicating a slight decline in shareholder value[16] - The total equity decreased to ¥524,818,388.53 in Q1 2018 from ¥532,299,409.10 in the same period last year, a decline of 1.4%[21] Shareholder Information - The company had a total of 21,642 shareholders at the end of the reporting period[11] - The largest shareholder, Shaoxing Shengyang Electric Co., Ltd., held 33.94% of the shares, with 76,530,000 shares under lock-up[11] Financial Expenses - Financial expenses increased by 218.26% due to exchange losses from the depreciation of the USD against the RMB[9] - Financial expenses surged by 218.26% from CNY 3,450,796.80 to CNY 10,982,670.00, mainly attributed to increased foreign exchange losses from the depreciation of the US dollar against the RMB[12] - The company incurred financial expenses of ¥10,982,670.00 in Q1 2018, significantly higher than ¥3,450,796.80 in the same period last year, indicating increased financial pressure[21] Other Income and Expenses - The company reported a significant increase in non-operating income, which rose by 604.19% from CNY 60,662.13 to CNY 427,174.61, primarily due to income from the disposal of payables[12] - Other comprehensive income after tax for Q1 2018 was a loss of ¥1,055,161.78, compared to a gain of ¥260,483.25 in Q1 2017[22] R&D and Employee Compensation - R&D investment and employee compensation have increased, contributing to the overall financial performance decline[9]