Youon(SH:603776)2018-04-27 16:00Financial Performance - Operating income for the first quarter was CNY 180,149,855.81, a decline of 6.88% year-on-year[6] - Net profit attributable to shareholders increased by 0.87% to CNY 27,072,757.92 compared to the same period last year[6] - The company did not report any significant changes in net profit expectations compared to the previous year[19] - Total operating revenue for Q1 2018 was CNY 180,149,855.81, a decrease of 6.8% compared to CNY 193,466,497.98 in the same period last year[30] - Net profit for Q1 2018 was CNY 26,997,385.61, slightly up from CNY 26,867,540.75 in the previous year, reflecting a growth of 0.5%[30] - The net profit attributable to shareholders of the parent company was CNY 27,265,504.90, slightly up from CNY 27,180,170.38, reflecting a growth of 0.31% year-over-year[34] - The total comprehensive income for the period was CNY 27,265,504.90, compared to CNY 27,180,170.38 in the previous year, showing a slight increase[35] Cash Flow - Cash flow from operating activities surged by 396.06% to CNY 61,466,136.86 compared to the previous year[6] - Operating cash flow net amount increased by 396.06% to ¥61,466,136.86, driven by increased cash collections from accounts receivable[18] - The net cash flow from operating activities was CNY 61,466,136.86, significantly improved from CNY 12,390,991.49 in the same quarter last year[37] - Net cash flow from operating activities improved to CNY 41,800,281.25, compared to a net outflow of CNY -30,332,274.39 in the same period last year[41] Assets and Liabilities - Total assets decreased by 4.96% to CNY 2,389,911,363.50 compared to the end of the previous year[6] - Total assets as of March 31, 2018, amounted to CNY 2,284,408,184.86, a decrease from CNY 2,408,764,912.55 at the beginning of the year[29] - Total liabilities decreased to CNY 642,299,263.66 from CNY 793,921,496.25, representing a reduction of 19%[28] - The company reported a decrease in short-term borrowings to CNY 0 from CNY 20,000,000.00, indicating a shift towards reduced leverage[28] Shareholder Information - The number of shareholders reached 12,845 by the end of the reporting period[9] - The weighted average return on equity decreased by 3.21 percentage points to 1.64%[6] Receivables and Inventory - Other receivables decreased by 43.88% to CNY 79,539,562.25 due to the recovery of receivables from a subsidiary[13] - Accounts receivable increased to CNY 552,657,551.32 from CNY 531,279,041.21, indicating a growth in sales or credit terms[22] - Accounts receivable increased to CNY 508,327,145.83 from CNY 489,859,636.18, indicating a growth of 3.0%[27] - Inventory increased to CNY 83,177,850.85 from CNY 80,078,216.18, reflecting a rise of 3.0%[27] Expenses - Sales expenses decreased by 45.75% to ¥2,916,958.05 due to the exclusion of Jiangsu Yong'an's carbon technology company from the consolidation scope and a reduction in freight costs[16] - Financial expenses dropped by 96.56% to ¥68,865.63 primarily due to a decrease in interest expenses[16] - The company reported a decrease in operating costs to CNY 95,277,530.49 from CNY 119,601,816.74, a reduction of 20.3%[34] - The company incurred management expenses of CNY 15,822,904.73, which is an increase of 60.3% compared to CNY 9,888,888.83 in the previous year[34] Cash and Cash Equivalents - Cash and cash equivalents at the end of the period amounted to ¥419,172,164.20, a 254.49% increase compared to the previous year[18] - Cash and cash equivalents decreased to CNY 388,659,652.87 from CNY 449,630,015.86, a decline of 13.5%[27] - The ending cash and cash equivalents balance was CNY 386,710,473.47, down from CNY 443,331,657.06 at the beginning of the period[42] - Total cash and cash equivalents decreased by CNY 56,621,183.59 during the quarter[42]