中航光电(002179) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥1,477,251,373.79, representing a 3.86% increase compared to ¥1,422,379,682.55 in the same period last year[8] - The net profit attributable to shareholders decreased by 8.89% to ¥167,378,172.36 from ¥183,714,232.86 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥163,165,167.36, down 9.40% from ¥180,090,952.46 in the previous year[8] - Basic earnings per share decreased by 8.87% to ¥0.2137 from ¥0.3046 year-on-year[8] - The company expects net profit attributable to shareholders for the first half of 2018 to range from ¥44,163.32 million to ¥50,787.82 million, representing a growth of 0% to 15%[20] Cash Flow - The net cash flow from operating activities was negative at -¥282,087,007.43, a decline of 63.53% compared to -¥172,497,806.40 in the same period last year[8] - Cash received from operating activities increased by 83.77% to ¥33,199,302.53, attributed to project grants and the maturity of acceptance bills[16] - Cash received from borrowings surged by 254.06% to ¥759,528,934.90, due to the replacement of short-term loans[16] - Cash paid to employees increased by 33.10% to ¥460,181,443.76, driven by higher salaries for R&D and sales personnel[16] - The impact of exchange rate fluctuations on cash and cash equivalents was -955.44%, reflecting significant currency volatility during the period[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,371,620,099.31, an increase of 3.40% from ¥10,030,183,398.26 at the end of the previous year[8] - The net assets attributable to shareholders increased by 3.55% to ¥5,063,316,946.57 from ¥4,889,575,296.87 at the end of the previous year[8] - Other receivables increased by 77.73% to ¥69,176,706.61 due to an increase in standby funds[16] - Other current assets rose by 64.14% to ¥60,914,134.31, due to deductible input tax[16] Shareholder Information - The company reported a total of 20,053 common shareholders at the end of the reporting period[12] - The largest shareholder, China Aviation Technology Industry Company, held 41.17% of the shares, totaling 325,632,280 shares[12] Financial Expenses - Financial expenses rose by 76.67% to ¥25,928,526.67, primarily due to increased exchange losses[16] - The company reported a significant decrease in interest payable by 84.33% to ¥4,055,799.83, as interest was paid on time[16] Business Outlook - The company anticipates continuous growth in business due to strengthened R&D innovation and market development efforts[20] - The weighted average return on net assets decreased to 3.36% from 4.37% in the previous year, a decline of 1.01%[8]