东信和平(002017) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥243,155,712.42, a decrease of 14.10% compared to ¥283,065,126.50 in the same period last year[8]. - The net profit attributable to shareholders was ¥7,982,173.67, down 8.89% from ¥8,760,737.39 year-on-year[8]. - The net profit excluding non-recurring gains and losses increased by 2.75% to ¥8,742,577.98 from ¥8,508,834.35 in the previous year[8]. - The net profit for Q1 2018 increased to CNY 8,717,815.54, compared to CNY 7,959,648.81 in the same period last year, reflecting a growth of about 9.5%[49]. - The net profit attributable to shareholders for the first half of 2018 is expected to be between CNY 17.53 million and CNY 29.22 million, representing a change of -25.00% to 25.00% compared to CNY 23.38 million in the same period of 2017[27]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 14.22%, reaching -¥78,173,057.05 compared to -¥91,130,386.38 in the same period last year[8]. - The cash inflow from operating activities totaled CNY 195,096,025.63, down from CNY 274,271,317.06 in the previous year, a decrease of approximately 28.9%[52]. - The net cash flow from operating activities was -74,691,432.55 CNY, compared to -91,414,783.63 CNY in the previous year, indicating an improvement of approximately 18.2%[56]. - The total cash outflow from operating activities amounted to 238,599,608.29 CNY, down from 320,505,040.98 CNY year-over-year[56]. - The company's cash and cash equivalents decreased to CNY 489,119,885.91 from CNY 573,462,359.60[36]. - The cash and cash equivalents at the end of the period were 464,589,239.65 CNY, down from 449,253,513.33 CNY year-over-year[57]. - The net decrease in cash and cash equivalents was -79,025,864.47 CNY, compared to -113,685,936.45 CNY in the previous year, showing a reduction of approximately 30.5%[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,560,852,644.01, reflecting a 0.60% increase from ¥1,551,530,651.54 at the end of the previous year[8]. - The total assets as of March 31, 2018, amounted to CNY 1,560,852,644.01, an increase from CNY 1,551,530,651.54 at the beginning of the year[37]. - The total liabilities as of March 31, 2018, were CNY 614,993,610.60, slightly up from CNY 606,554,518.20[38]. - Total liabilities rose to CNY 606,551,220.74, up from CNY 596,588,633.28 at the start of the period[42]. Shareholder Information - The company had a total of 43,625 common shareholders at the end of the reporting period[12]. - The company committed to distributing at least 10% of the annual distributable profits in cash, ensuring shareholder returns[26]. - The company plans to maintain a minimum of 30% of the average distributable profits over the next three years, contingent on positive net profits and operational needs[27]. - Dividend distribution decreased by 70.94% to CNY 145,750.00 from CNY 501,581.87, mainly due to a reduction in loan scale and corresponding interest expenses[19]. Operational Efficiency - The company is on track with its operational plans in telecommunications, financial payments, and public services, contributing to stable business development[27]. - The company reported a decrease in sales expenses to CNY 10,516,504.16 from CNY 13,266,572.37, a reduction of approximately 20.8%[48]. - The financial expenses for Q1 2018 were significantly lower at CNY 4,702,244.57 compared to CNY 49,760.75 in the previous year, indicating a substantial decrease[48]. - The cash flow from operating activities showed a significant reduction in outflows, indicating potential operational efficiency improvements[56]. Rights Issue and Future Plans - The company plans to raise up to CNY 420 million through a rights issue to fund the development of NB-IoT technology security access solutions and other projects[21]. - The company received approval from the State-owned Assets Supervision and Administration Commission for the rights issue plan on January 4, 2018[21]. - The company’s first extraordinary general meeting of 2018 approved the rights issue plan and related proposals on January 22, 2018[21].