DDMC(SH:600136)2018-04-17 16:00Financial Performance - Operating revenue surged by 265.00% to CNY 289,352,323.41 from CNY 79,274,812.04 in the same period last year[6] - Net profit attributable to shareholders reached CNY 55,063,632.57, a significant increase of 21,197.04% compared to CNY 258,550.66 in the previous year[6] - Basic earnings per share improved to CNY 0.1130, up 22,500% from CNY 0.0005[6] - The company reported a net profit margin improvement, with retained earnings increasing to ¥374,566,719.92 from ¥319,503,087.35, a growth of about 17.3%[21] - Net profit for Q1 2018 was ¥58,652,240.46, compared to a net profit of ¥1,170,994.21 in Q1 2017, marking a substantial increase[28] - The company reported a gross profit margin of approximately 29.5% for Q1 2018, compared to a negative margin in the previous year[28] Assets and Liabilities - Total assets increased by 17.51% to CNY 6,023,788,507.04 compared to the end of the previous year[6] - Current assets rose to ¥4,093,565,607.23, up from ¥3,269,269,740.48, indicating an increase of about 25.2%[20] - Total liabilities rose to ¥3,232,845,910.10 from ¥2,380,262,188.55, representing an increase of approximately 35.8%[21] - Non-current liabilities increased to ¥1,552,926,945.84 from ¥1,204,476,950.80, indicating a growth of about 28.9%[21] - Total short-term borrowings increased by 89.77% to ¥1,122,824,657.52 from ¥591,680,000.00, mainly due to new short-term loans taken by subsidiaries[14] Cash Flow - The net cash flow from operating activities was negative at CNY -146,758,919.11, an improvement from CNY -236,448,785.93 in the previous year[6] - The net cash flow from operating activities for Q1 2018 was -¥146,758,919.11, an improvement from -¥236,448,785.93 in Q1 2017[34] - Total cash inflow from financing activities was 502,606,000.00 RMB, compared to 390,000,000.00 RMB in the prior period, indicating a 28.8% increase[37] - The net cash flow from financing activities was 168,151,006.97 RMB, down from 309,898,645.00 RMB in the previous period[37] - The net cash flow from investment activities was -117,555,779.50 RMB, compared to 46,155.34 RMB in the prior period[37] Shareholder Information - The total number of shareholders reached 19,537 by the end of the reporting period[10] - The top ten shareholders held a combined 66.78% of the total shares, with Wuhan Xinxing Hanyi Chemical Co., Ltd. holding 16.47%[11] Government Support - The company received government subsidies amounting to CNY 478,300.00 during the reporting period[6] Investment Activities - The company’s cash received from investment activities amounted to ¥91,920,000.00, resulting from the redemption of financial products[15] - The company incurred a total of ¥26,406,309.06 in financial expenses during Q1 2018, which is a 97.7% increase from ¥13,351,887.22 in the previous year[28] - The company has completed the payment of the first phase of a major asset acquisition worth $100 million and is actively progressing with the related restructuring work[15]