GHMC(SZ:000523)2018-04-27 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥3,103,511,188.39, representing a 43.54% increase compared to ¥2,162,164,050.05 in the same period last year[8] - Net profit attributable to shareholders was ¥9,334,412.13, up 25.24% from ¥7,453,367.18 year-on-year[8] - The net profit after deducting non-recurring gains and losses increased by 67.58%, reaching ¥7,155,911.83 compared to ¥4,270,211.40 in the previous year[8] - The net cash flow from operating activities was ¥35,679,877.47, a significant increase of 70.12% from ¥20,973,264.78 in the same period last year[8] - Basic earnings per share doubled to ¥0.02 from ¥0.01, indicating a 100% increase[8] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥5,584,680,106.81, reflecting a 16.04% increase from ¥4,812,637,948.05 at the end of the previous year[8] - The net assets attributable to shareholders were ¥1,854,475,124.44, a slight increase of 0.51% from ¥1,845,140,712.30[8] - The weighted average return on equity was 0.50%, up from 0.42% in the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 35,554[10] - The largest shareholder, Guangzhou Light Industry Trade Group Co., Ltd., held 30.04% of the shares, totaling 157,090,098 shares[11] Costs and Expenses - The cost of goods sold for Q1 2018 was approximately CNY 3.02 billion, reflecting a 43.45% increase from CNY 2.11 billion year-over-year[15] - The company reported a financial expense of approximately CNY 20.52 million, a significant increase of 179.97% due to higher short-term borrowings and rising interest rates[15] - The company’s tax expenses for Q1 2018 were approximately CNY 2.19 million, a 59.57% increase compared to CNY 1.37 million in the previous year[15] Inventory and Borrowings - Inventory increased by 120.46% to approximately CNY 771.05 million due to rising raw material prices and proactive procurement strategies[15] - Short-term borrowings rose by 60.64% to approximately CNY 1.06 billion, driven by increased operational scale and funding needs[15] Receivables and Payables - The company’s accounts payable decreased by 41.72% to approximately CNY 313.43 million due to repayments of previous debts[15] - The company’s other receivables increased by 35.64% to approximately CNY 32.19 million, attributed to growth in export business and increased export tax refunds[15] Future Outlook - The company does not anticipate significant changes in net profit for the first half of 2018 compared to the previous year[20] Investment - The company has committed to investing CNY 39.96 million in a closed-end private equity fund with a total fund size of CNY 40 million, representing a 99.9% stake[17]