*ST新海(002089) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was ¥90,194,767.95, a decrease of 67.34% compared to ¥276,153,219.97 in the same period last year[8] - Net profit attributable to shareholders increased by 39.73% to ¥18,207,323.03 from ¥13,030,804.45 year-on-year[8] - The net profit after deducting non-recurring gains and losses rose by 73.05% to ¥17,835,483.24 compared to ¥10,306,590.45 in the previous year[8] - Basic earnings per share increased by 38.95% to ¥0.0132 from ¥0.0095 year-on-year[8] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 8.4031 million to 20.1675 million CNY, representing a decrease of 64% to 85% compared to 56.0207 million CNY in the same period of 2017[27] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥9,633,344.06, a 116.35% increase from a negative cash flow of ¥58,912,146.79 in the same period last year[8] - Cash and cash equivalents decreased by 10,477.23 million, a reduction of 30.05%, primarily due to significant debt repayment during the period[17] - Accounts receivable decreased by 5,702.80 million, down 40.11%, mainly due to the maturity of many notes during the period[17] - The net cash flow from financing activities decreased by 5,225.53 million, down 73.39%, mainly due to increased debt repayment[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,039[11] - The largest shareholder, Zhang Yibin, holds 18.05% of the shares, amounting to 248,136,106 shares, with a significant portion pledged[11] - The net assets attributable to shareholders increased by 1.05% to ¥1,758,532,504.36 from ¥1,740,325,181.33 at the end of the previous year[8] Business Operations - Operating revenue for Q1 2018 was 9,019.48 million, a decrease of 67.34% compared to 27,615.32 million in Q1 2017, attributed to reduced specialized network communication business and outsourcing of software development[19] - Operating costs decreased by 15,084.95 million, down 70.08%, in line with the decline in operating revenue[19] - Investment income increased by 2,871.37 million, a growth of 173.72%, due to significant gains from the disposal of available-for-sale financial assets[20] - Net cash flow from operating activities increased by 6,854.54 million, a growth of 116.35%, primarily due to reduced personnel costs from outsourcing software development[21] Future Plans and Challenges - The company established a merger fund with a commitment of 200 million for investment in the new energy industry chain[23] - The company plans to invest an additional 500 million in a lithium industry fund for the construction of lithium processing plants in Canada and domestically[23] - The company sold 15% equity stakes in two subsidiaries to concentrate resources, completing the transfer and receiving the payment during the reporting period[23] - The decline in performance is attributed to the adjustment of new energy vehicle subsidy policies, which is expected to reduce production and sales across the industry[27] - The company is currently negotiating with Hunan Taida Enterprise Management Co., Ltd. regarding performance compensation related to Shaanxi Tongjia Automobile Co., Ltd., with uncertain outcomes[27]