*ST新纺(002087) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥1,300,634,802.13, representing a 16.25% increase compared to ¥1,118,867,123.26 in the same period last year[5] - Net profit attributable to shareholders increased by 128.36% to ¥52,428,154.72 from ¥22,958,376.85 year-on-year[5] - The basic earnings per share rose by 128.47% to ¥0.0642 from ¥0.0281 in the same period last year[5] - The company's operating profit, total profit, and net profit grew by 169.84%, 102.19%, and 124.36% respectively, mainly due to increased sales volume and improved gross margin[13] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 16,462.08 to 19,205.76 million yuan, representing a year-on-year increase of 20.00% to 40.00%[16] - The increase in net profit is attributed to the increased production capacity of cotton yarn compared to the same period in 2017[16] Cash Flow - The net cash flow from operating activities surged by 264.30% to ¥198,887,110.34, compared to ¥54,593,932.04 in the previous year[5] - The company reported a net cash outflow from investment activities of -¥81,986,800, which was less than -¥199,875,300 in the same period last year[13] - The net cash flow from financing activities was -¥37,131,960, compared to ¥33,725,900 in the previous year, primarily due to increased cash payments for debt repayment[13] Assets and Liabilities - Total assets decreased by 3.67% to ¥8,783,365,311.86 from ¥9,118,198,927.56 at the end of the previous year[5] - The company's net assets attributable to shareholders increased by 1.58% to ¥3,302,584,480.62 from ¥3,251,314,156.23 at the end of the previous year[5] - The amount of construction in progress increased by 45.32% compared to the beginning of the year, attributed to increased investment in ongoing projects[13] Compliance and Governance - The company has committed to not engaging in any competition with its peers, with the commitment made on November 30, 2006, and is currently being fulfilled[14] - There were no violations regarding external guarantees during the reporting period[19] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[20] - The company did not conduct any research, communication, or interview activities during the reporting period[21] Fair Value Changes - The company reported a fair value change loss of 1,362,153.33 yuan on its financial assets, with an initial investment of 10,000,000 yuan and a current fair value of 27,534,891.76 yuan[18]