宏达高科(002144) - 2018 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2018 was CNY 130,032,411.78, a decrease of 12.52% compared to CNY 148,650,142.02 in the same period last year[9] - Net profit attributable to shareholders was CNY 21,259,549.89, an increase of 3.35% from CNY 20,570,369.83 year-on-year[9] - The company expects net profit attributable to shareholders for the first half of 2018 to range from ¥45,718,100 to ¥60,957,500, reflecting a change of -10.00% to 20.00% compared to the same period last year[21] Cash Flow and Financial Position - Net cash flow from operating activities was CNY -32,554,300.10, a decline of 245.01% compared to CNY 22,450,043.79 in the previous year[9] - Cash and cash equivalents decreased by 34.49% to ¥60,153,579.48 due to the investment of idle funds in bank wealth management products[17] - Operating cash flow net amount decreased by 245.01% to -¥32,554,300.10 due to increased expenditures on raw materials[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,993,596,428.66, down 1.57% from CNY 2,025,464,027.59 at the end of the previous year[9] - Net assets attributable to shareholders decreased by 1.41% to CNY 1,663,947,520.24 from CNY 1,687,759,220.35[9] - Short-term borrowings increased by 100.00% to ¥10,000,000.00 as a result of increased borrowings by subsidiaries[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,846[13] - The largest shareholder, Shen Guofu, holds 21.36% of the shares, with 28,319,427 shares pledged[13] Income and Expenses - The company reported non-operating income of CNY 2,386,978.87, after accounting for tax and minority interests[10] - Financial expenses increased by 389.16% to ¥3,082,702.97 due to increased exchange losses from currency fluctuations[17] - Other income increased by 78.80% to ¥1,082,114.21 due to an increase in government subsidies received[17] Investment and Construction - Investment income rose by 313.01% to ¥16,538,435.47 due to increased long-term equity investment income accounted for using the equity method[17] - Construction in progress increased by 158.49% to ¥20,258,101.71 due to the addition of ongoing projects[17] Accounts Receivable and Impairment - Accounts receivable notes increased by 96.73% to ¥58,941,463.13 as a result of increased acceptance of recovered payments[17] - The company reported a 75.10% decrease in asset impairment losses to ¥1,041,424.70 due to a reduction in receivables and lower provisions for bad debts[17] Earnings Per Share - Basic and diluted earnings per share remained unchanged at CNY 0.12[9] - The weighted average return on equity increased slightly to 1.27% from 1.22%[9]