睿能科技(603933) - 2018 Q1 - 季度财报

Important Notice The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, which remains unaudited - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false statements, misleading representations, or material omissions[7] - The company's principal officer, head of accounting, and head of the accounting department ensure the truthfulness, accuracy, and completeness of the financial statements[7] - This company's Q1 2018 report is unaudited[7] Company Profile This section provides an overview of the company's key financial data and shareholder structure as of the end of the reporting period Key Financial Data In Q1 2018, the company's operating revenue slightly increased by 2.32% year-over-year, but net profit attributable to shareholders and non-recurring net profit both declined, with negative operating cash flow indicating cash pressure Key Financial Data for Q1 2018 | Indicator | Current Period (RMB) | Prior Period (RMB) | Year-over-year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 456,190,230.99 | 445,839,309.06 | 2.32 | | Net Profit Attributable to Shareholders | 38,985,100.55 | 40,889,298.56 | -4.66 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 36,747,150.68 | 39,854,657.11 | -7.80 | | Basic Earnings Per Share (RMB/share) | 0.3797 | 0.5310 | -28.49 | | Weighted Average Return on Net Assets (%) | 3.95 | 10.07 | decrease by 6.12 percentage points | | Net Cash Flow from Operating Activities | -63,245,931.36 | -1,264,223.16 | N/A | Non-recurring Gains and Losses for Q1 2018 | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Entrusted Investments or Asset Management | 2,633,070.72 | Investment income from wealth management products | | Government Grants | 50,000.00 | - | | Net Non-operating Income and Expenses | -43,133.46 | - | | Total | 2,237,949.87 | - | Shareholder Information as of the End of the Reporting Period As of the end of the reporting period, the company had 13,427 shareholders, with a highly concentrated equity structure where the top two shareholders collectively held 75% of the shares, and Chairman Yang Weijian is the actual controller - As of the end of the reporting period, the company had 13,427 shareholders[9] Shareholding of Top Two Shareholders | Shareholder Name | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | | Ruineng Industrial Co., Ltd. | 69,078,947 | 67.28 | | Pingtan Jierun Equity Investment Management Partnership (Limited Partnership) | 7,921,053 | 7.72 | - Mr. Yang Weijian, the company's Chairman, indirectly holds a combined 68.96% of the company's equity through Ruineng Industrial Co., Ltd. and Pingtan Jierun, making him the actual controller[10] Significant Events This section details major changes in the company's financial statement items and indicators, along with explanations for these fluctuations Analysis of Significant Changes in Key Financial Statement Items and Financial Indicators This period saw notable changes across various financial statement items, including a 31.83% increase in notes receivable and a 64.71% increase in other receivables, while management expenses rose by 31.25% due to increased R&D investment, and financial expenses significantly decreased by 274.88% due to exchange gains Major Balance Sheet Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Notes Receivable | 31.83 | Increase in notes receivable from customers due to rising operating revenue | | Prepayments | -41.35 | Due to settlement of prepayments from the prior period in the current period | | Other Receivables | 64.71 | Due to increased rental deposits and intercompany balances | | Taxes Payable | 57.95 | Due to increased corporate income tax and VAT payable at the end of the current period | Major Income Statement and Cash Flow Statement Item Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Administrative Expenses | 31.25 | Due to increased R&D investment by the company | | Financial Expenses | -274.88 | Due to increased net exchange gains in the current period | | Asset Impairment Losses | 38.12 | Due to increased provision for bad debts on receivables in the current period | | Investment Income | N/A | Due to income generated from purchasing wealth management products with temporarily idle raised funds | | Net Cash Flow from Operating Activities | N/A | Due to increased settlement of goods payments by notes and increased payments for inventory stocking in the current period | Other Significant Matters During the reporting period, the company had no significant matter developments, overdue unfulfilled commitments, or requirements to issue major performance change warnings - No significant matter developments required explanation during the reporting period[18] - No overdue unfulfilled commitments during the reporting period[18] - The company has not forecasted a cumulative net loss or significant change in net profit from the beginning of the year to the end of the next reporting period compared to the prior year[18] Appendix This appendix includes the company's unaudited consolidated and parent company balance sheets as of March 31, 2018, along with the consolidated and parent company income statements and cash flow statements for Q1 2018 Financial Statements This section presents the company's unaudited consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements for the first quarter of 2018 Consolidated Balance Sheet As of March 31, 2018, the company's consolidated total assets were RMB 1.42 billion, a 3.28% increase from the beginning of the year, with total liabilities at RMB 418.7 million and owners' equity attributable to the parent company at RMB 1.00 billion Key Consolidated Balance Sheet Data (March 31, 2018) | Item | Period-end Balance (RMB) | Beginning-of-year Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 1,421,177,346.83 | 1,376,092,509.70 | | Total Liabilities | 418,707,132.97 | 403,748,531.25 | | Total Owners' Equity Attributable to Parent Company | 1,001,279,743.44 | 971,032,517.32 | Parent Company Balance Sheet As of March 31, 2018, the parent company's total assets were RMB 977.8 million, an 8.47% increase from the beginning of the year, with total liabilities at RMB 161.7 million and owners' equity at RMB 816.2 million Key Parent Company Balance Sheet Data (March 31, 2018) | Item | Period-end Balance (RMB) | Beginning-of-year Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 977,826,120.38 | 901,477,170.72 | | Total Liabilities | 161,669,148.05 | 114,128,621.50 | | Total Owners' Equity | 816,156,972.33 | 787,348,549.22 | Consolidated Income Statement In Q1 2018, the company achieved total operating revenue of RMB 456.2 million, a 2.32% year-over-year increase, while net profit attributable to parent company shareholders was RMB 39.0 million, a 4.66% year-over-year decrease Key Consolidated Income Statement Data (Q1 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 456,190,230.99 | 445,839,309.06 | | Operating Profit | 46,870,232.10 | 48,438,768.70 | | Net Profit Attributable to Parent Company Shareholders | 38,985,100.55 | 40,889,298.56 | | Basic Earnings Per Share (RMB/share) | 0.3797 | 0.5310 | Parent Company Income Statement In Q1 2018, the parent company's operating revenue reached RMB 139.3 million, up 9.57% year-over-year, with net profit at RMB 28.8 million, a slight decrease of 2.65% year-over-year Key Parent Company Income Statement Data (Q1 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Operating Revenue | 139,255,666.47 | 127,096,323.43 | | Operating Profit | 33,477,611.94 | 34,628,757.67 | | Net Profit | 28,808,423.11 | 29,591,830.28 | Consolidated Cash Flow Statement In Q1 2018, net cash flow from operating activities was negative RMB 63.25 million, a significant year-over-year decrease, while net cash flow from financing activities turned positive at RMB 33.66 million Key Consolidated Cash Flow Statement Data (Q1 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -63,245,931.36 | -1,264,223.16 | | Net Cash Flow from Investing Activities | -3,444,765.61 | -291,339.08 | | Net Cash Flow from Financing Activities | 33,661,110.15 | -22,698,266.00 | | Cash and Cash Equivalents at Period End | 179,128,093.78 | 124,118,963.37 | Parent Company Cash Flow Statement In Q1 2018, the parent company's net cash flow from operating activities was negative RMB 8.65 million, a shift from positive in the prior year, with net cash flow from financing activities at RMB 13.91 million Key Parent Company Cash Flow Statement Data (Q1 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -8,648,949.95 | 7,390,537.62 | | Net Cash Flow from Investing Activities | -18,902,827.52 | -12,595,648.00 | | Net Cash Flow from Financing Activities | 13,906,727.77 | -5,010,421.88 | | Cash and Cash Equivalents at Period End | 118,542,177.31 | 39,588,493.15 | Audit Report This quarterly financial report has not been audited - This quarterly report is unaudited[34]