景兴纸业(002067) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was CNY 1,310,873,828.76, representing a 34.56% increase compared to CNY 974,213,354.00 in the same period last year[8]. - The net profit attributable to shareholders decreased by 20.48% to CNY 103,291,275.47 from CNY 129,899,299.73 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 99,613,080.48, down 22.69% from CNY 128,840,873.17 in the previous year[8]. - The company's basic earnings per share decreased by 25.00% to CNY 0.09 from CNY 0.12 in the same period last year[8]. - The company expects net profit attributable to shareholders for the first half of 2018 to range from RMB 20 million to RMB 25 million, reflecting a year-on-year change of -15.27% to 6%[25]. Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY 116,143,923.24, a 146.10% increase from a negative CNY 251,948,440.44 in the same period last year[8]. - Operating cash inflow increased by 75.92% compared to the same period last year, mainly due to higher sales receipts[18]. - Net cash flow from operating activities increased by 146% year-on-year, driven by a significant increase in cash received from sales[18]. - Cash outflow from investing activities increased by 99.45% year-on-year, while net cash flow from investing activities decreased by 190% due to increased purchases of financial products[18]. - Cash inflow from financing activities decreased by 53.52% year-on-year, mainly due to reduced borrowings[18]. - Cash outflow from financing activities decreased by 34.56% year-on-year, primarily due to lower debt repayment[18]. - Net cash flow from financing activities decreased by 47.94% year-on-year, attributed to reduced borrowings[18]. - The impact of exchange rate changes on cash and cash equivalents increased by 373% year-on-year, mainly due to exchange rate fluctuations[18]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 6,216,145,956.63, a decrease of 1.31% from CNY 6,298,805,910.04 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 2.80% to CNY 3,963,004,496.82 from CNY 3,855,090,284.68 at the end of the previous year[8]. Costs and Expenses - The company's operating costs increased by 56.06% year-on-year, primarily due to increased sales volume and costs[17]. - The company experienced a significant increase in tax expenses, which rose by 48.89% due to higher taxable income compared to the previous year[17]. - Cash outflow from financing activities decreased by 34.56% year-on-year, primarily due to lower debt repayment[18]. Investments - The company plans to invest RMB 50 million in the Shanghai Jinpu M&A Equity Investment Fund, with RMB 15 million already paid[19]. - The company reported a 35.71% increase in investment income compared to the previous year, attributed to higher recognized investment gains[17].