伟星股份(002003) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was CNY 422,323,701.61, representing a 20.26% increase compared to CNY 351,172,260.26 in the same period last year[7] - Net profit attributable to shareholders was CNY 16,320,030.18, a significant increase of 74.32% from CNY 9,362,281.79 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 13,830,227.79, up 44.37% from CNY 9,579,847.04 in the previous year[7] - The basic earnings per share increased by 50.00% to CNY 0.03 from CNY 0.02 in the same period last year[7] - Operating profit increased by 46.26% year-on-year, driven by an increase in operating income and government subsidies related to daily operations[18] - Net profit attributable to shareholders increased by 74.32% year-on-year, mainly due to the increase in total profit[18] - The expected net profit for the first half of 2018 is projected to be between 16,314.51 and 21,208.86 million yuan, representing a growth range of 0% to 30% compared to the same period in 2017[21] Assets and Shareholder Equity - The company's total assets at the end of the reporting period were CNY 2,972,017,079.43, a decrease of 2.01% from CNY 3,032,849,246.77 at the end of the previous year[7] - The net assets attributable to shareholders increased by 0.72% to CNY 2,416,202,258.23 from CNY 2,398,853,142.42 at the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 20,422[12] - The largest shareholder, Weixing Group Co., Ltd., held 29.47% of the shares, amounting to 171,825,301 shares[12] Cash Flow and Financial Health - The net cash flow from operating activities was negative at CNY -80,258,922.91, a decline of 378.83% compared to CNY 28,783,803.98 in the same period last year[7] - Cash flow from operating activities decreased by 378.83% year-on-year, primarily due to increased payments for raw materials and employee compensation[19] - Cash and cash equivalents decreased by 36.74% compared to the beginning of the period, mainly due to the purchase of bank wealth management products and increased payments for raw material procurement[17] - Accounts receivable notes decreased by 55.11% compared to the beginning of the period, primarily due to the maturity and cashing of receivable notes[17] - The net cash flow from investment activities increased by 30.56% year-on-year, as cash payments for fixed assets and other long-term assets decreased compared to the previous year[19] Expenses and Losses - Financial expenses increased by 219.77% year-on-year, mainly due to increased foreign exchange losses[18] - Asset impairment losses increased by 449.27% year-on-year, primarily due to the increase in provisions for receivables[18] - Other income increased by 423.64 million yuan year-on-year, mainly due to an increase in government subsidies related to daily operations[18] - The weighted average return on equity was 0.68%, up from 0.42% in the previous year[7]