玲珑轮胎(601966) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 12.08% to CNY 224,475,139 year-on-year[5] - Operating revenue rose by 4.08% to CNY 3,512,071,645 compared to the same period last year[5] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 13.36% to CNY 215,268,982[5] - Net profit for the first quarter was CNY 224,432,751, a decrease of 12.1% from CNY 255,270,833 in the prior year[25] - The company reported a total comprehensive income of CNY 114,487,997, significantly lower than CNY 243,776,342 from the previous year[25] - The net profit for Q1 2018 was CNY 58,422,338, a decrease of 44% compared to CNY 104,195,710 in the same period last year[27] - Operating profit for Q1 2018 was CNY 65,854,346, down from CNY 119,198,535 year-over-year, reflecting a decline of approximately 44.9%[27] Assets and Liabilities - Total assets increased by 10.26% to CNY 21,374,907,665 compared to the end of the previous year[5] - The total assets of the company reached ¥21,374,907,665, up from ¥19,385,995,623 at the beginning of the year, indicating growth in asset base[18] - The company's total assets increased to CNY 16,814,155,054 from CNY 14,771,697,937, representing a growth of 13.9%[22] - The total liabilities of the company increased to ¥12,283,510,556 from ¥10,679,618,105, showing a significant rise in financial obligations[19] - The total liabilities increased to CNY 9,249,674,979 from CNY 7,536,171,794, reflecting a growth of 22.7%[22] - The company’s total equity reached ¥9,091,397,109, an increase from ¥8,706,377,518, reflecting growth in shareholder value[19] Cash Flow - Net cash flow from operating activities improved significantly, increasing by 169.78% to CNY 199,156,705[5] - The company reported a net cash flow from operating activities of ¥199,156,705, a significant increase of 169.78% compared to the previous year, which had a negative cash flow of ¥285,420,471[12] - Cash flow from operating activities generated a net inflow of CNY 199,156,705, a significant improvement compared to a net outflow of CNY 285,420,471 in the previous year[30] - Cash inflow from financing activities was CNY 3,405,974,407, compared to CNY 2,157,691,485 in the same period last year, indicating a growth of approximately 57.7%[31] - The company’s cash flow from financing activities increased by 119.50% to ¥1,624,288,518, primarily due to increased funds raised from bond issuance[12] Shareholder Information - The number of shareholders reached 71,945 by the end of the reporting period[9] - Basic earnings per share for the quarter were CNY 0.19, down from CNY 0.21 in the same period last year[25] Inventory and Receivables - The company’s inventory increased to ¥2,279,267,403, reflecting a rise from ¥2,154,668,689, indicating a 5.79% increase in inventory levels[18] - The company’s accounts receivable increased to ¥2,557,407,385 from ¥2,262,345,670, marking an increase of 13.03%[17] Financial Expenses and Income - Financial expenses surged by 76.74% to CNY 124,306,944, primarily due to increased exchange losses and rising financing costs[11] - The company experienced a decrease in investment income, reporting a loss of ¥334,279, which is a decline of 219.46% compared to the previous year[12] - The company reported a decrease in income tax expenses to ¥18,700,844, down 39.93% from ¥31,129,285, attributed to reduced profits[12] Cash and Cash Equivalents - Cash and cash equivalents increased by 62.61% to CNY 3,714,132,887 due to the issuance of convertible bonds[11] - Total cash and cash equivalents at the end of Q1 2018 amounted to CNY 3,578,687,949, up from CNY 2,249,705,829 at the end of the previous year, representing an increase of 59%[31] - The ending balance of cash and cash equivalents was $2.43 billion, up from $1.80 billion at the beginning of the period[34]