万马股份(002276) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥1,229,358,023.83, representing a 4.20% increase compared to ¥1,179,828,995.68 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥31,547,892.11, a decrease of 215.93% from a profit of ¥27,213,667.73 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥45,732,599.13, down 270.04% from ¥26,894,657.04 in the same period last year[8] - The net cash flow from operating activities was -¥409,580,768.40, which is an 81.38% decline compared to -¥225,818,888.86 in the previous year[8] - The basic earnings per share for the reporting period was -¥0.03, a decrease of 200.00% from ¥0.03 in the same period last year[8] - The diluted earnings per share for the reporting period was also -¥0.03, reflecting the same 200.00% decrease from ¥0.03 in the previous year[8] - The weighted average return on net assets was -1.03%, a decline of 1.95% compared to 0.92% in the same period last year[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,968,972,049.22, a decrease of 1.25% from ¥5,031,968,958.20 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥3,035,998,158.62, down 1.03% from ¥3,067,547,051.36 at the end of the previous year[8] - Prepaid accounts increased by 46.96% to 67.17 million due to advance payments for raw materials such as copper and optical fibers[17] - Other current assets decreased by 76.73% to 39.21 million due to the redemption of principal-protected financial products[17] - Short-term borrowings surged by 153.42% to 370 million to supplement operating cash flow[17] Cash Flow and Investments - Operating cash flow net amount decreased by 81.38% to -409.58 million primarily due to increased raw material purchases and maturing notes payable[17] - Investment income dropped by 201.68% to -1.88 million mainly due to reduced financial investment returns[17] - The cash flow from financing activities increased by 997.21% to 205.46 million due to new short-term borrowings of 224 million[17] Future Outlook - The net profit attributable to shareholders for the first half of 2017 is expected to decline by 20.00% to 50.00%, ranging from 51.66 million to 82.66 million[21] - The company anticipates that the new energy sector will continue to incur high expenses as it remains in the investment phase[22] Compliance and Governance - The company reported non-recurring gains and losses totaling ¥14,184,707.02, primarily from government subsidies of ¥17,001,887.92[10] - The company has no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[23][24] - The company reported a significant increase in operating income from non-operating activities, up 260.61% to 31.10 million, mainly from increased VAT refunds for welfare enterprises[17]