SKSHU(SH:603737)2018-04-24 16:00Financial Performance - Operating revenue rose by 15.94% to CNY 388,872,723.35 year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 7,804,343.46, an improvement from a loss of CNY 12,835,299.82 in the same period last year[7] - Basic and diluted earnings per share were both -CNY 0.08, an improvement from -CNY 0.13 in the previous year[7] - Operating profit improved significantly, with a reduction in losses from ¥34,221,823.98 to ¥7,268,656.00, driven by increased other income[16] - Net profit for Q1 2018 was a loss of CNY 7,804,343.46, an improvement from a loss of CNY 12,835,299.82 in Q1 2017[29] - Operating profit for Q1 2018 was -¥2,981,600.40, an improvement from -¥39,940,508.08 in Q1 2017[30] - Net profit for Q1 2018 was -¥3,600,924.37, compared to -¥17,345,069.56 in the previous year, indicating a significant reduction in losses[31] Cash Flow - The net cash flow from operating activities improved to a loss of CNY 96,112,765.07, compared to a loss of CNY 136,127,825.99 in the previous year[7] - Cash inflow from operating activities totaled ¥565,075,245.86, up from ¥414,827,925.17 in the same period last year[33] - Cash outflow from operating activities was ¥661,188,010.93, compared to ¥550,955,751.16 in Q1 2017[34] - The net cash flow from operating activities was -17,749,887.85 RMB, an improvement from -148,685,014.90 RMB in the previous period, indicating a significant reduction in cash outflow[36] - Cash inflow from operating activities totaled 436,812,387.72 RMB, compared to 365,022,775.98 RMB in the prior period, reflecting a 19.6% increase[36] - Cash outflow from operating activities decreased to 454,562,275.57 RMB from 513,707,790.88 RMB, showing a reduction of approximately 11.5%[36] Assets and Liabilities - Total assets increased by 1.90% to CNY 2,128,800,025.96 compared to the end of the previous year[7] - The company's total assets amounted to CNY 1,769,005,775.61, a decrease from CNY 1,806,805,288.03 at the end of the previous period[26] - Current liabilities totaled CNY 803,662,466.45, down from CNY 845,735,782.97 in the previous period[26] - The company’s total liabilities were CNY 812,130,491.65, down from CNY 854,446,029.70 in the previous period[26] - The total equity of the company reached CNY 956,875,283.96, slightly up from CNY 952,359,258.33 in the previous period[26] Shareholder Information - The number of shareholders reached 7,670 at the end of the reporting period[12] - The largest shareholder, Hong Jie, holds 65.61% of the shares, with 18,130,000 shares pledged[12] Government Support - The company received government subsidies amounting to CNY 16,836,442.27, which significantly contributed to non-operating income[9] Other Financial Metrics - The weighted average return on net assets increased by 0.62 percentage points to -0.70%[7] - Long-term equity investments increased to CNY 507,747,558.15 from CNY 397,747,558.15 year-over-year, reflecting a growth of 27.7%[25] - The company reported a financial expense of CNY -1,872,127.03, a significant decrease compared to CNY 285,865.10 in the previous year[29] - Sales expenses for Q1 2018 were CNY 116,030,559.01, an increase of 10.9% from CNY 104,596,983.02 in Q1 2017[29] Investment and Financing Activities - Net cash flow from financing activities decreased by 31.67% to ¥124,230,456.24, primarily due to a reduction in short-term borrowings and interest compared to the same period last year[16] - The net cash flow from investment activities was -163,224,106.63 RMB, compared to -6,758,998.74 RMB in the previous period, indicating increased investment expenditures[36] - Cash inflow from financing activities was 156,000,000.00 RMB, down from 214,000,000.00 RMB in the prior period, representing a decrease of approximately 27.1%[36] Other Observations - The company has not disclosed any new product developments or market expansion strategies in this report[14] - Prepayments increased by 134.96% to ¥59,561,217.39, primarily due to increased payments for raw materials[15] - Other receivables decreased by 86.10% to ¥4,794,899.14, mainly due to the reclassification of deposits to land payments[15] - Other current assets rose by 62.17% to ¥112,100,104.52, attributed to increased purchases of bank wealth management products[15] - Long-term deferred expenses surged by 251.48% to ¥3,941,553.08, mainly due to increased renovation costs for factory facilities[15] - Deferred tax assets increased by 57.49% to ¥17,729,959.22, primarily due to accrued equity incentive expenses and increased deductible losses[15] - Short-term borrowings increased by 140.00% to ¥216,000,000.00, mainly due to an increase in company loans[15] - Advances from customers rose by 93.67% to ¥58,133,111.85, primarily due to increased customer prepayments[15] - Employee compensation payable decreased by 68.50% to ¥27,863,572.40, mainly due to the distribution of annual bonuses from the previous year[16]