Guotai Group(SH:603977)2018-04-13 16:00Financial Performance - Operating revenue rose by 23.60% to CNY 118,676,043.25, driven by an increase in sales of civil explosives and other products[11] - Net profit attributable to shareholders increased by 46.84% to CNY 10,946,310.63[6] - Basic and diluted earnings per share increased by 66.67% to CNY 0.05[6] - Total revenue for Q1 2018 was CNY 118,676,043.25, an increase of 23.5% compared to CNY 96,016,262.85 in the same period last year[25] - Net profit for Q1 2018 reached CNY 11,264,645.63, representing a 42.9% increase from CNY 7,934,332.20 in Q1 2017[25] - Earnings per share for Q1 2018 were CNY 0.05, compared to CNY 0.03 in the same quarter of the previous year, indicating a 66.7% increase[26] Cash Flow - The net cash flow from operating activities decreased by 67.40% to -CNY 55,109,122.09, primarily due to payments for last year's material costs[12] - The company reported a net cash flow from investing activities of -92,764,622.68 RMB, primarily due to the purchase of new financial products during the reporting period[13] - The net cash flow from financing activities was 91,431,750.00 RMB, mainly resulting from new short-term borrowings[13] - Cash flow from operating activities showed a net outflow of ¥55,109,122.09, worsening from a net outflow of ¥32,919,700.19 in the previous period[31] - Cash flow from investing activities resulted in a net outflow of ¥92,764,622.68, compared to a net inflow of ¥63,829,706.30 in the previous period[32] - Cash flow from financing activities generated a net inflow of ¥91,431,750.00, with ¥95,000,000.00 received from borrowings[32] Assets and Liabilities - Total assets increased by 5.13% to CNY 1,397,171,168.55 compared to the end of the previous year[6] - The company's current assets totaled 452,397,139.76 RMB, up from 396,006,863.03 RMB at the beginning of the year[18] - The total liabilities as of March 31, 2018, were 397,981,327.63 RMB, compared to 341,048,692.05 RMB at the beginning of the year[20] - The company's equity attributable to shareholders reached 958,397,130.93 RMB, an increase from 947,591,281.35 RMB[20] - The company's total liabilities increased to CNY 259,503,341.34, up from CNY 180,344,439.33, marking a rise of 43.8%[23] Shareholder Information - The number of shareholders reached 19,795, with the largest shareholder holding 41.95% of the shares[9] Future Plans - The company plans to acquire 100% equity of Jiangxi Weiyuan Explosive Materials Co., Ltd. and Jiangxi Copper Mining Service Co., Ltd. for a total transaction price of 85,399.47 million RMB[14] - The company intends to issue up to 57,976,558 shares to fund the acquisition and raise no more than 20,625.20 million RMB from specific investors[14] - The company plans to continue focusing on cost management and exploring new investment opportunities to improve financial performance in the future[29] Other Income and Expenses - Other income increased by 42.04% to CNY 4,510,751.15, mainly due to new government subsidies[11] - The company reported a total operating cost of CNY 115,756,974.89, which is an increase of 28.0% from CNY 90,584,269.98 in the previous year[25] - Total operating expenses increased to ¥160,716,910.34 from ¥115,730,044.57 in the previous period, reflecting a rise in costs[31] - The company reported other income of ¥400,000.00, significantly higher than ¥100,000.00 in the previous period[29]