南玻集团(000012) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was CNY 2,629,471,994, representing a 15.08% increase compared to CNY 2,284,820,940 in the same period last year[7] - Net profit attributable to shareholders decreased by 6.32% to CNY 159,382,821 from CNY 170,130,942 year-on-year[7] - The net cash flow from operating activities significantly dropped by 86.19% to CNY 60,223,706, down from CNY 435,937,189 in the previous year[7] - The company's weighted average return on equity decreased to 1.86% from 2.15% year-on-year[7] Assets and Liabilities - The total assets at the end of the reporting period were CNY 19,632,309,748, a slight increase of 0.50% from CNY 19,535,002,368 at the end of the previous year[7] - The net assets attributable to shareholders increased by 2.42% to CNY 8,663,648,838 from CNY 8,458,587,873[7] - Accounts receivable increased by 35% to CNY 85,886,000 compared to CNY 63,824,000 at the end of the previous year[16] - Long-term deferred expenses surged by 470% to CNY 1,265,000 from CNY 222,000[16] Expenses - Management expenses rose by 34% to CNY 25,297,000 from CNY 18,838,000 year-on-year[16] - Management expenses increased mainly due to the increase in equity incentive expense allocation in the current period[17] - Financial expenses increased mainly due to the rise in interest expenses[17] Shareholder Information - The top ten shareholders held a total of 14.84% of shares, with the largest shareholder being Qianhai Life Insurance Co., Ltd. holding 368,685,276 shares[11] Other Income and Expenses - Interest payable increased mainly due to mid-term notes that have not yet reached the payment period[17] - Tax and additional charges increased mainly due to the increase in sales revenue[17] - Asset disposal income decreased mainly due to losses from the disposal of non-current assets and the relatively small amount in the previous period[17] - Other income increased mainly due to the reclassification of non-operating income according to accounting standards[17] - Non-operating income decreased mainly due to the reclassification of non-operating income and a reduction in subsidies received in the current period[17] - Other comprehensive income decreased mainly due to changes in foreign currency translation adjustments in the current reporting period[17] Employee Compensation - Payable employee compensation decreased mainly because the year-end employee bonuses accrued last year have been paid in the current reporting period[17] Deferred Expenses - Long-term deferred expenses increased mainly due to the amortization of increased land rent for photovoltaic power station companies[17]