沃尔核材(002130) - 2017 Q1 - 季度财报

Revenue and Profit - The company's revenue for Q1 2017 was CNY 480,450,801.88, representing a 41.19% increase compared to CNY 340,276,213.41 in the same period last year[8]. - The net profit attributable to shareholders decreased by 33.61% to CNY 13,627,452.34 from CNY 20,526,791.19 year-on-year[8]. - The net profit after deducting non-recurring gains and losses increased by 13.27% to CNY 10,093,272.26 compared to CNY 8,910,628.71 in the previous year[8]. - The company's operating revenue reached 480.45 million yuan, an increase of 140.17 million yuan or 41.19% compared to the same period last year, primarily due to significant growth in wire and cable products[17]. - The net profit attributable to shareholders was 13.63 million yuan, a decrease of 33.61% year-on-year, mainly impacted by a decline in investment income[18]. - The company plans to achieve a net profit attributable to shareholders in the range of 39.27 million to 56.11 million yuan for the first half of 2017, indicating a potential decrease of 30.00% to 0.00% compared to the same period last year[25]. Cash Flow - The net cash flow from operating activities was negative at CNY -64,804,882.46, a decline of 275.91% from CNY -17,239,494.20 in the same period last year[8]. - The net cash flow from operating activities was -64,804,882.46 CNY, compared to -17,239,494.20 CNY in the previous period, indicating a decline in operational performance[49]. - Total cash inflow from operating activities amounted to 409,234,403.97 CNY, while cash outflow was 474,039,286.43 CNY, resulting in a net cash outflow of 64,804,882.46 CNY[49]. - Cash flow from investment activities showed a net outflow of -298,375,039.44 CNY, compared to -205,663,205.69 CNY in the previous period, reflecting increased investment expenditures[50]. - Cash inflow from financing activities was 919,784,715.00 CNY, up from 541,022,044.17 CNY in the previous period, indicating a significant increase in financing efforts[50]. - The net cash flow from financing activities was 453,022,044.12 CNY, compared to 259,993,053.45 CNY in the previous period, showing improved financing efficiency[50]. Assets and Liabilities - Total assets increased by 8.71% to CNY 5,827,513,421.39 from CNY 5,360,391,738.35 at the end of the previous year[8]. - The total liabilities reached CNY 3,166,654,575.85, compared to CNY 2,711,935,767.21 at the beginning of the period, which is an increase of approximately 16.78%[35]. - The company's equity attributable to shareholders increased to CNY 2,632,609,925.17 from CNY 2,620,223,041.28, showing a slight growth of about 0.48%[36]. - Current assets totaled CNY 2,015,126,301.89, up from CNY 1,851,166,497.57, indicating an increase of about 8.84%[33]. - Short-term borrowings increased significantly to CNY 1,016,020,447.64 from CNY 894,311,308.85, marking a rise of about 13.66%[34]. - The long-term borrowings surged to CNY 680,000,000.00 from CNY 321,000,000.00, representing a significant increase of about 111.53%[35]. Expenses and Costs - Operating costs for the same period were CNY 468,725,973.70, up from CNY 335,639,966.94, reflecting a growth of 39.6%[42]. - Financial expenses rose by 26.84 million yuan, or 29.97%, mainly due to interest expenses from a newly issued corporate bond and increased loans[17]. - Research and development expenses increased by 13.61 million yuan, or 129.63%, due to higher investment in R&D projects during the reporting period[16]. - The company reported a comprehensive gross margin of 27.33%, down by 3.73% compared to the previous year, attributed to lower margins on the increased sales of wire and cable products[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 96,951[12]. - Basic and diluted earnings per share both decreased by 50.00% to CNY 0.02 from CNY 0.04 year-on-year[8]. - The company reported a basic earnings per share of CNY 0.02, down from CNY 0.04 in the previous year[43]. Strategic Decisions - The company completed the acquisition of shares in Changyuan Group, totaling approximately 388.89 million yuan, as part of its strategic investment[23]. - The company has decided to terminate its non-public offering of shares due to regulatory non-compliance, which was initially planned to raise up to 770 million yuan[21].