SITONG(SH:603838)2018-04-25 16:00Financial Performance - Operating income decreased by 5.76% to CNY 90,051,584.39 year-on-year[6] - Net profit attributable to shareholders increased by 36.02% to CNY 18,373,025.59 compared to the same period last year[6] - Basic earnings per share rose by 60.00% to CNY 0.08 compared to the previous year[6] - The weighted average return on equity increased by 0.91 percentage points to 2.97%[6] - Net profit rose by 49.56% to ¥20,758,403.07, influenced by the expiration of a 15% corporate income tax rate benefit for high-tech enterprises[18] - Total operating revenue for Q1 2018 was CNY 90,007,059.61, a decrease of 2.02% from CNY 91,865,671.14 in the previous year[36] - Net profit for Q1 2018 reached CNY 20,758,403.07, representing an increase of 49.5% compared to CNY 13,879,469.02 in the same period last year[33] - Operating profit for Q1 2018 was CNY 19,036,695.63, up from CNY 16,485,749.99, indicating a growth of 9.4%[33] - The total comprehensive income for Q1 2018 was CNY 20,726,978.45, compared to CNY 13,873,131.15 in the same period last year, an increase of 49.5%[34] Cash Flow - Cash flow from operating activities surged by 230.60% to CNY 31,728,456.25 year-on-year[6] - Cash flow from operating activities for Q1 2018 was CNY 137,944,746.79, an increase of 30.5% from CNY 105,691,393.14 in the previous year[38] - The net cash flow from operating activities for Q1 2018 was ¥32,411,133.98, an increase of 475.5% compared to ¥5,630,925.27 in the previous period[40] - Total cash inflow from operating activities was ¥139,928,573.88, up from ¥101,415,407.93, reflecting a growth of 37.9%[40] - The cash flow from operating activities was primarily driven by an increase in sales revenue, which reached ¥121,646,737.86, up from ¥91,932,917.58[40] Assets and Liabilities - Total assets increased by 2.62% to CNY 810,261,415.37 compared to the end of the previous year[6] - Current assets decreased to CNY 404,773,487.08 from CNY 435,851,325.75, a decline of about 7.1%[25] - Accounts receivable decreased to CNY 102,964,417.67 from CNY 136,011,927.36, a drop of approximately 24.0%[25] - Inventory increased to CNY 108,725,821.26 from CNY 92,182,084.41, reflecting a rise of about 17.9%[25] - Non-current assets increased to CNY 405,487,928.29 from CNY 353,705,290.21, an increase of approximately 14.6%[26] - Total liabilities remained stable at CNY 97,214,274.15 compared to CNY 97,236,453.19, showing a negligible change[27] - Owner's equity increased to CNY 713,047,141.22 from CNY 692,320,162.77, a growth of about 3.0%[27] Shareholder Information - The number of shareholders reached 20,070 at the end of the reporting period[11] - The top ten shareholders collectively hold 49.06% of the company's shares[11] Investment Activities - Investment activities generated a net cash flow of -¥28,194,568.97, mainly due to the recovery of financial products and investments in new construction projects[20] - The company completed the equity conversion for its investment in Nanjing Haojing Communication Technology Co., Ltd. in January 2018, acquiring a 10% stake[21] - The company established a wholly-owned subsidiary, Shenzhen Sitong Tengyun Technology Co., Ltd., with an initial investment of ¥1,000,000[21] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 3,310,856.40[8] - Non-operating income and expenses included a donation expenditure of CNY 299,833.17[11] - The company reported a significant increase in financial expenses by 1546.78% to ¥5,545,036.83 due to exchange rate fluctuations[17] - The company reported investment income of CNY 317,377.15 for Q1 2018, significantly higher than CNY 57,454.82 in the previous year, marking a growth of 451.5%[33]