DZCM(SH:603999)2018-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 138,004,432.63, a 33.33% increase year-on-year[9] - Net profit attributable to shareholders decreased by 71.01% to CNY 4,137,291.57 compared to the same period last year[9] - The company reported a significant decrease in basic and diluted earnings per share, both down 72.00% to CNY 0.007[9] - Net profit for Q1 2018 decreased by 71.35% to ¥3,831,651.06, primarily due to increased costs from rising paper prices and higher asset impairment losses[15] - Total revenue for Q1 2018 reached ¥138,004,432.63, an increase of 33.3% compared to ¥103,504,259.18 in the same period last year[26] - Net profit for Q1 2018 was ¥3,831,651.07, a decrease of 71.5% from ¥13,375,986.47 in Q1 2017[27] - Earnings per share for Q1 2018 were ¥0.007, down from ¥0.025 in the previous year[28] Cash Flow - The net cash flow from operating activities was negative at CNY -41,946,226.24, compared to CNY -5,691,338.63 in the previous year[9] - Cash flow from operating activities showed a significant decline, with a net outflow of ¥41,946,226.24 compared to a net outflow of ¥5,691,338.63 in the same period last year[15] - Cash inflow from operating activities totaled CNY 78,394,667.32, down from CNY 118,571,876.03, indicating a decrease of about 33.8% year-over-year[34] - The company reported cash outflows for operating activities totaling CNY 120,340,893.56, slightly lower than CNY 124,263,214.66 in the previous year[34] - The cash flow from financing activities was negative at CNY -142,679.30, compared to CNY -108,749.99 in the previous year, indicating increased cash outflows[35] Assets and Liabilities - Total assets increased by 2.29% to CNY 2,029,046,000.30 compared to the end of the previous year[9] - Total assets as of March 31, 2018, amounted to ¥2,029,046,000.30, an increase from ¥1,983,631,729.38 at the beginning of the year[20] - The total liabilities increased to ¥283,381,278.96 from ¥241,765,007.52, indicating a rise in financial obligations[20] - Total liabilities for Q1 2018 were ¥227,702,542.12, significantly higher than ¥84,510,713.56 in Q1 2017[24] - The total equity attributable to shareholders increased slightly to ¥1,694,209,167.43 from ¥1,690,071,875.87[20] Investments - Investment income surged by 166.57% to ¥2,587,755.52, attributed to an increase in investment financial products[15] - The company’s investment income for Q1 2018 was ¥2,587,755.52, compared to ¥970,766.67 in Q1 2017[27] - The company received CNY 200,000,000.00 from investment recoveries, which is double the CNY 100,000,000.00 received in the same period last year[34] Shareholder Information - The number of shareholders reached 37,815, with the largest shareholder holding 57.84% of the shares[13] Operational Costs - Operating costs for Q1 2018 were ¥137,767,613.91, up 49.8% from ¥91,992,368.42 in Q1 2017[26] - The company reported a 50.12% increase in asset impairment losses, totaling ¥4,395,275.42, mainly due to increased bad debt provisions for accounts receivable[15] Other Financial Metrics - The weighted average return on equity decreased by 0.62 percentage points to 0.245%[9] - The company's cash and cash equivalents decreased to ¥484,258,539.50 from ¥632,705,766.87 at the beginning of the year[18] - The total cash and cash equivalents at the end of the period were CNY 484,258,539.50, down from CNY 898,621,422.14, marking a decrease of approximately 46.0%[35] - The company’s sales expenses increased to ¥6,529,939.37 from ¥4,925,188.56 in the previous year[27] - The company anticipates uncertainty in cumulative net profit for the next reporting period due to significant fluctuations in paper prices[15]