保利联合(002037) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was CNY 1,003,631,076.18, representing a 43.47% increase compared to CNY 699,526,401.04 in the same period last year[8] - Net profit attributable to shareholders decreased by 21.91% to CNY 5,054,284.38 from CNY 6,472,248.88 year-on-year[8] - The net profit after deducting non-recurring gains and losses dropped by 57.68% to CNY 2,399,591.05 compared to CNY 5,670,088.14 in the previous year[8] - Operating revenue increased by 30,410,000 yuan, a growth of 43.47%, primarily due to increased income from blasting and construction services[16] - Operating costs increased by 31,707,000 yuan, a growth of 59.16%, mainly due to higher costs associated with increased blasting and construction revenue and rising prices of raw materials and gas[16] Cash Flow - The net cash flow from operating activities was negative at CNY -250,887,390.46, a decline of 614.92% from CNY 48,723,841.39 in the same period last year[8] - Net cash flow from operating activities decreased by 29,961,000 yuan, a decline of 614.92%, primarily due to increased payments for project costs by the subsidiary[17] - Net cash flow from investing activities increased by 2,048,000 yuan, a growth of 78.43%, mainly due to reduced fixed asset investment expenditures[17] - Net cash flow from financing activities increased by 11,686,000 yuan, a growth of 72.52%, primarily due to increased bank loans and recovery of guarantee deposits[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,729,793,988.99, down 1.31% from CNY 7,832,120,442.36 at the end of the previous year[8] - The company's net assets attributable to shareholders increased by 0.39% to CNY 2,071,741,051.33 from CNY 2,063,590,386.86 at the end of the previous year[8] - Cash and cash equivalents decreased by CNY 34,572,000, a decline of 30.54%, primarily due to payments made by a subsidiary for project costs[15] - Prepaid accounts increased by CNY 7,783,000, a growth of 79.54%, due to unbilled project costs at a subsidiary[15] - Inventory rose by CNY 8,904,000, an increase of 36.05%, attributed to completed but unbilled projects at a subsidiary[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,443[11] Future Outlook - The company expects net profit attributable to shareholders for the first half of 2018 to be between 3,768,000 and 4,898,000 yuan, representing a growth of 0% to 30% compared to the same period last year[24] - The subsidiary received a subsidy of 8,000,000 yuan from the Guizhou Provincial Science and Technology Department for innovation support, which will not impact the current period's profit[20] - The subsidiary signed a PPP contract for a project worth 1,111,503,800 yuan, which is expected to positively impact the company's operating performance in 2018 and beyond[20] Other Income - Asset disposal income increased by 190,000 yuan, a growth of 5725.69%, mainly due to compensation received for warehouse demolition[16] - Other income increased by 74,000 yuan, a growth of 79.78%, primarily due to increased tax refunds received by a subsidiary compared to the same period last year[16]