荣盛石化(002493) - 2018 Q1 - 季度财报

Financial Performance - Revenue for Q1 2018 reached ¥17.68 billion, an increase of 13.35% compared to ¥15.60 billion in the same period last year[7] - Net profit attributable to shareholders was ¥636.19 million, up 2.45% from ¥620.88 million year-on-year[7] - Net profit excluding non-recurring gains and losses increased by 50.04% to ¥730.41 million from ¥486.82 million in the previous year[7] - Basic earnings per share rose to ¥0.17, a 6.25% increase from ¥0.16 in the previous year[7] - The company expects net profit attributable to shareholders for the first half of 2018 to be between CNY 110,308.28 million and CNY 132,369.88 million, representing a change of 0.00% to 20.00% compared to the same period in 2017[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥71.80 billion, reflecting a 15.71% increase from ¥62.05 billion at the end of the previous year[7] - Net assets attributable to shareholders increased by 4.18% to ¥14.85 billion from ¥14.26 billion at the end of the previous year[7] - Financial assets measured at fair value decreased by 62.96% compared to the beginning of the year, primarily due to a reduction in futures contracts held by the company and its subsidiaries[15] - Accounts receivable increased by 70.73% compared to the beginning of the year, mainly due to an increase in customer payments at the controlling subsidiary Yisheng Dahua Petrochemical Co., Ltd.[15] - Prepayments increased by 98.27% compared to the beginning of the year, primarily due to increased advance payments for raw materials at Yisheng Dahua Petrochemical Co., Ltd. and its subsidiary Ningbo Zhongjin Petrochemical Co., Ltd.[15] - Construction in progress increased by 33.34% compared to the beginning of the year, mainly due to the ongoing refining project at the controlling subsidiary Zhejiang Petroleum and Chemical Co., Ltd.[15] - Other payables increased by 104.95% compared to the beginning of the year, primarily due to increased amounts payable to the parent company's controlling group[16] Cash Flow and Expenses - Operating cash flow decreased significantly by 79.17% to ¥142.30 million from ¥580.07 million in the same period last year[7] - Tax and additional charges decreased by 76.11% year-on-year, mainly due to a reduction in transfer taxes and corresponding additional taxes[17] - Financial expenses decreased by 143.51% year-on-year, primarily due to increased foreign exchange gains from US dollar borrowings[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,124[11] - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., held 70.36% of the shares[11] Non-Recurring Items - The company reported non-recurring losses totaling ¥94.22 million during the reporting period[9] - The fair value change of financial assets resulted in a loss of CNY 138,764,576.13 during the reporting period[23] Market and Sector Performance - The profitability of the company's product chain has improved, particularly in the aromatics sector, with a notable increase in PTA sector performance and stable market conditions in the chemical fiber sector[21]