伟星新材(002372) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was CNY 663,020,630.91, representing a 20.16% increase compared to CNY 551,761,025.23 in the same period last year[7] - Net profit attributable to shareholders was CNY 107,555,060.25, up 29.21% from CNY 83,237,330.35 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 103,100,580.58, reflecting a 24.43% increase from CNY 82,856,943.47 in the previous year[7] - The basic earnings per share increased to CNY 0.11, a rise of 22.22% from CNY 0.09 in the same quarter last year[7] - The diluted earnings per share rose to CNY 0.11, marking a 37.50% increase from CNY 0.08 year-on-year[7] - The company's tax expenses increased by 53.39% due to an increase in total profit[24] Cash Flow and Assets - The net cash flow from operating activities was CNY 21,042,166.54, down 79.15% from CNY 100,921,320.83 in the previous year[7] - Total assets at the end of the reporting period were CNY 4,234,605,097.79, a 0.87% increase from CNY 4,197,904,873.47 at the end of the previous year[7] - Net assets attributable to shareholders increased to CNY 3,319,558,687.51, up 3.79% from CNY 3,198,297,105.70 at the end of the previous year[7] - The weighted average return on equity was 3.30%, an increase of 0.32% compared to 2.98% in the same period last year[7] - The company reported a 100% decrease in net cash flow from financing activities, as there were no new investments or dividend payments this period[25] Shareholder Information - The company reported a total of 17,497 common shareholders at the end of the reporting period[13] Expenses and Income - The company's prepaid expenses increased by 116.01% compared to the beginning of the period, mainly due to an increase in advance payments for raw materials[20] - Financial expenses decreased by 80.99% year-on-year, primarily due to increased bank interest income[21] - Investment income increased by 530.14 million yuan, attributed to higher returns from financial products and reduced losses from joint ventures[21] - Other income rose by 32.94%, mainly due to an increase in government subsidies received[22] - Operating cash flow net decreased by 79.15% year-on-year, primarily due to increased procurement of raw material inventory[25] Future Projections - The estimated net profit attributable to shareholders for the first half of 2018 is expected to range from 31,225.88 million yuan to 40,593.64 million yuan, reflecting a growth of 0% to 30% compared to the same period last year[29] Financial Management - The company plans to use up to 350 million yuan of idle funds for short-term investment and wealth management, with a total investment in financial products amounting to 540 million yuan[26] - The company received a total of 376.31 million yuan in returns from financial products, with 190 million yuan of principal recovered[26]