AIHUA GROUP(SH:603989)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 33.02% to CNY 51,163,406.75 year-on-year[6] - Operating revenue rose by 13.40% to CNY 427,124,087.51 compared to the same period last year[6] - Basic earnings per share decreased by 32.55% to CNY 0.172[6] - Net profit decreased by 32.57% to ¥51,602,461.36 compared to ¥76,527,791.68, influenced by rising material prices and increased financial expenses due to currency depreciation[14] - Net profit for Q1 2018 was CNY 51,602,461.36, a decrease of 42.6% from CNY 89,873,693.85 in the previous year[25] - The total profit for Q1 2018 was CNY 51,983,989.63, down 34.4% from CNY 79,295,928.98 in Q1 2017[28] Assets and Liabilities - Total assets increased by 34.98% to CNY 3,146,490,819.39 compared to the end of the previous year[6] - Total assets rose to ¥3,146,490,819.39 from ¥2,331,111,152.05, reflecting a strong asset base growth[18] - Total liabilities increased to CNY 1,132,823,304.21, up from CNY 538,173,743.44, representing a growth of 109.5%[23] - Cash and cash equivalents increased significantly to ¥1,154,129,918.98 from ¥576,969,407.97, indicating improved liquidity[17] - Cash and cash equivalents rose to CNY 922,026,281.17, a significant increase of 75.9% from CNY 524,324,585.74 at the start of the year[22] - The company's equity attributable to shareholders increased to CNY 1,682,387,785.56, compared to CNY 1,553,000,000.00 at the beginning of the year, marking a growth of 8.3%[23] Cash Flow - Net cash flow from operating activities increased by 71.20% to CNY 81,793,911.56 year-on-year[6] - The net cash flow from operating activities increased to CNY 81,793,911.56, up from CNY 47,777,413.22 in the previous year[29] - Cash flow from operating activities increased to $77.62 million, up from $50.51 million year-over-year, representing a growth of 53.6%[33] - Total cash inflow from operating activities reached $479.97 million, compared to $430.43 million in the previous year, an increase of 11.5%[33] - The company reported a net cash outflow from investing activities of CNY -175,769,402.77, compared to a net inflow of CNY 65,907,895.06 in the same period last year[30] - Cash outflow from investment activities totaled $560.73 million, significantly higher than $306.87 million in the same period last year, indicating a 83.5% increase[33] Expenses - Operating costs increased by 23.24% to ¥301,157,173.89, driven by higher sales volume and material costs[13] - Management expenses surged by 42.06% to ¥38,774,573.77, mainly due to increased R&D investments[13] - Financial expenses skyrocketed by 879.44% to ¥5,504,712.15, primarily due to the depreciation of the US dollar[13] - The company incurred financial expenses of CNY 6,321,016.68 in Q1 2018, a substantial increase from CNY 706,974.01 in the previous year[28] Shareholder Information - The total number of shareholders reached 11,844 at the end of the reporting period[9] - The largest shareholder, Hunan Aihua Investment Co., Ltd., holds 48.84% of the shares, with 11,930,000 shares pledged[9] Government and Other Income - Government subsidies recognized in the current period amounted to CNY 13,735,252.85[9] - Non-recurring gains and losses totaled CNY 11,921,663.30 for the reporting period[9] Inventory and Receivables - Accounts receivable increased to ¥25,946,170.51 from ¥8,013,306.91, a growth of 223.79% due to delayed endorsements[13] - Inventory rose to ¥373,567,147.97, up 22.58% from ¥304,751,259.68, primarily due to increased raw material prices and higher finished goods[13] - Inventory levels increased to CNY 300,405,363.71, up 21.2% from CNY 247,783,234.02 year-over-year[22] - Other current assets increased by 250.36% to ¥218,798,002.50, attributed to increased financial investments and prepaid taxes[13] Future Plans - The company plans to implement price adjustments to mitigate the impact of rising costs and declining profits[14] - The company plans to focus on market expansion and new product development to drive future growth[25]