Financial Performance - The company's operating revenue for Q1 2018 was ¥150,976,540.75, representing an increase of 11.77% compared to ¥135,080,840.51 in the same period last year[7] - The net profit attributable to shareholders was -¥483,736.99, a decrease of 126.84% from ¥1,802,573.37 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥683,758.06, down 139.89% from ¥1,714,031.97 year-on-year[7] - The net cash flow from operating activities was -¥9,264,572.91, a decline of 3.01% compared to -¥8,993,748.78 in the previous year[7] - The weighted average return on net assets was -0.18%, down 0.84% from 0.66% in the previous year[7] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥860,278,931.65, an increase of 1.84% from ¥844,750,240.92 at the end of the previous year[7] - The net assets attributable to shareholders at the end of the reporting period were ¥271,981,141.58, a slight decrease of 0.18% from ¥272,464,878.57 at the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 53,167[10] - The largest shareholder, Xingle Group Co., Ltd., held 23.15% of the shares, totaling 200,000,000 shares[10] Cash Flow and Financial Position - Cash and cash equivalents decreased by 42.66% to ¥13,246,729.85 due to the maturity of notes payable during the reporting period[17] - Other current assets decreased by 59.51% to ¥5,182,071.84 primarily due to a reduction in VAT credits[17] - Net cash flow from investing activities decreased by 51.25% to ¥5,698,466.86, influenced by project investment progress[17] - Net cash flow from financing activities decreased by 95.45% to ¥936,634.88, primarily due to the repayment of bank loans in the same period last year[17] Liabilities and Expenses - Short-term borrowings increased by 59.17% to ¥53,800,000.00 due to an increase in bank loans during the reporting period[17] - Financial expenses rose by 84.63% to ¥2,795,927.28, significantly impacted by exchange rate fluctuations[17] - Asset impairment losses increased by 50.14% to ¥1,384,734.53 due to an increase in accounts receivable and corresponding bad debt provisions[17] Government Support and Commitments - The company received government subsidies amounting to ¥423,400.00 during the reporting period[8] - Other income of ¥423,400.00 was recognized from government subsidies received during the reporting period[17] - The company has committed to fulfilling its equity incentive commitments on time[20] Investments and Projects - Construction in progress increased by 51.69% to ¥73,572,576.71 as a result of increased technical renovation projects[17]
恒天海龙(000677) - 2018 Q1 - 季度财报