通鼎互联(002491) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥1,089,857,618.01, representing a 22.53% increase compared to ¥889,485,111.70 in the same period last year[8]. - Net profit attributable to shareholders was ¥153,747,206.86, a significant increase of 75.22% from ¥87,747,220.37 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥130,288,194.53, up 51.28% from ¥86,126,030.82 in the previous year[8]. - The basic earnings per share increased by 65.63% to ¥0.1219 from ¥0.0736 in the same period last year[8]. - The expected net profit attributable to shareholders for the first half of 2018 is projected to increase by 35.00% to 65.00%, ranging from 37,961.89 to 46,397.87 thousand yuan[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,681,348,923.38, an increase of 11.68% from ¥8,669,015,545.31 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 3.36% to ¥4,732,627,907.20 from ¥4,578,880,700.34 at the end of the previous year[8]. - The balance of prepayments increased by 118.03% compared to the beginning of the year, mainly due to increased advance payments for raw materials[16]. - Other receivables increased by 41.83% compared to the beginning of the year, primarily due to an increase in operating-related other receivables[17]. - The balance of employee compensation payable decreased by 33.40% compared to the beginning of the year, mainly due to the payment of last year's bonuses[20]. - The balance of interest payable increased by 38.63% compared to the beginning of the year, primarily due to increased loan interest accruals[21]. - The balance of long-term borrowings increased by 39.12% compared to the beginning of the year, attributed to an increase in medium to long-term loans[22]. Cash Flow - The net cash flow from operating activities was negative at -¥420,988,234.79, worsening by 56.10% compared to -¥269,690,640.78 in the same period last year[8]. - The net cash flow from operating activities decreased by 56.10% compared to the same period last year, mainly due to increased cash payments for goods and services by 36.50% and increased cash payments to employees by 20.30%[28]. Expenses and Income - Financial expenses increased by 59.59% compared to the same period last year, mainly due to increased loan interest and bank guarantee fees[23]. - Asset impairment losses decreased by 44.45% compared to the same period last year, due to an improvement in the aging structure of accounts receivable and other receivables[24]. - Investment income increased by 269.77% compared to the same period last year, primarily due to returns from available-for-sale financial assets[26]. Government Support and R&D - Government subsidies recognized in the current period amounted to ¥35,038,887.65[9]. - The company continues to invest in R&D for new products and technologies, including network security systems based on big data technology, which is expected to contribute to government subsidies and investment income[31]. - The company’s self-produced optical fiber preform capacity is gradually being released, leading to increased self-sufficiency and a recovery in the production and shipment of optical fiber and cable products[31].