First(SH:603806)2018-04-27 16:00Financial Performance - Operating revenue for the period was CNY 1,059,511,873.23, representing a growth of 5.79% year-on-year[7] - Net profit attributable to shareholders increased by 16.98% to CNY 87,586,603.91 compared to the same period last year[7] - Basic and diluted earnings per share remained stable at CNY 0.25[7] - Total operating revenue for Q1 2018 was CNY 1,059,511,873.23, an increase of 5.1% compared to CNY 1,001,512,237.24 in the same period last year[29] - Net profit for Q1 2018 reached CNY 102,099,504.04, compared to CNY 100,336,543.61 in the previous year, indicating a growth of 1.7%[30] - The company's total comprehensive income attributable to the parent company was ¥101,610,076.27, compared to ¥100,314,599.86 in the previous year, showing a growth of 1.3%[31] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of -CNY 16,228,910.50, a 92.33% increase compared to the previous year[7] - Net cash flow from operating activities increased by RMB 195.2456 million, a growth of 92.33%, attributed to higher sales collections compared to the same period last year[16] - The company's operating cash flow for Q1 2018 was negative at -¥16,228,910.50, an improvement from -¥211,474,489.73 in Q1 2017[36] - The net cash flow from operating activities for the first quarter of 2018 was ¥6,145,007.95, a significant improvement compared to a net outflow of ¥119,314,041.72 in the same period last year[38] Assets and Liabilities - Total assets increased by 7.04% to CNY 6,104,876,484.03 compared to the end of the previous year[7] - Total assets as of March 31, 2018, amounted to CNY 5,234,229,403.92, an increase from CNY 4,821,643,151.71 at the beginning of the year[28] - Total liabilities as of March 31, 2018, were CNY 842,143,881.89, compared to CNY 518,683,541.91 at the start of the year, showing a significant increase of 62.2%[28] - Current assets totaled CNY 4,072,846,608.16, up from CNY 3,677,841,834.45, reflecting a growth of 10.7%[27] - The company's total equity as of March 31, 2018, was CNY 4,392,085,522.03, compared to CNY 4,302,959,609.80 at the beginning of the year, indicating a growth of 2.1%[28] Shareholder Information - The total number of shareholders reached 14,095 by the end of the reporting period[10] - The largest shareholder, Hangzhou Foster Technology Group Co., Ltd., holds 54.63% of the shares, with 219,608,780 shares pledged[10] Inventory and Receivables - Inventory increased by RMB 199.8413 million, a growth of 41.73%, primarily due to an increase in raw material stock[14] - The company reported a significant increase in accounts receivable, which rose to CNY 884,462,025.81 from CNY 760,404,993.48, marking a growth of 16.3%[26] Financial Expenses and Gains - Financial expenses increased by RMB 5.3467 million, a growth of 121.78%, mainly due to increased exchange losses from USD fluctuations[16] - Non-recurring gains and losses totaled CNY 13,167,563.21 for the period[9] - The investment income for Q1 2018 was ¥13,587,589.92, slightly up from ¥12,718,430.68 in the same period last year, reflecting a growth of 6.8%[33] Employee Stock Ownership Plans - The company completed its first employee stock ownership plan, selling 209,500 shares[17] - The second employee stock ownership plan was approved, with 6,681,220 shares purchased at an average price of RMB 30.31 per share[18] Other Financial Metrics - The weighted average return on equity decreased by 0.26 percentage points to 2.00%[7] - Financial assets measured at fair value decreased by RMB 1.0483 million due to exchange rate fluctuations in foreign exchange currency swap transactions[14] - Deferred income increased by RMB 199.4138 million, a growth of 1,385.25%, primarily due to compensation received for land acquisition[15] - Short-term borrowings increased by RMB 15.7042 million, attributed to the introduction of new payment services[14] - Other receivables increased by RMB 5.6779 million, a growth of 21.38%, mainly due to loans to local government[14]