SONGZ(SZ:002454)2018-04-26 16:00Financial Performance - The company's revenue for Q1 2018 was ¥925,000,165.95, a decrease of 6.45% compared to ¥988,771,680.81 in the same period last year[8] - Net profit attributable to shareholders was ¥39,403,265.96, down 46.95% from ¥74,273,766.84 year-on-year[8] - Basic and diluted earnings per share were both ¥0.09, a decrease of 50.00% from ¥0.18 in the same period last year[8] - The company reported a 43.48% decrease in operating profit, primarily due to increased management and selling expenses[16] - The net profit attributable to shareholders for the first half of 2018 is expected to decline by 30.00% to 80.00%, ranging from 22.91 million to 80.18 million CNY[18] - The net profit for the first half of 2017 was 114.55 million CNY, indicating a significant decrease in performance year-over-year[18] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥51,424,832.91, a decline of 199.74% compared to ¥51,558,920.95 in the previous year[8] - Total assets at the end of the reporting period were ¥6,120,743,151.10, a slight decrease of 0.55% from ¥6,154,637,472.54 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.24% to ¥3,158,294,125.98 from ¥3,119,735,162.05 at the end of the previous year[8] Financial Ratios - The weighted average return on equity was 1.26%, down from 2.63% year-on-year, reflecting a decrease of 1.37%[8] Expenses and Liabilities - Financial expenses increased by 1867.47% due to interest from a bank loan of ¥200,000,000 during the reporting period[16] - Prepayments increased by 85.46% due to an increase in customer advance payments during the reporting period[16] Market Conditions - The slowdown in the business of large and medium-sized bus air conditioning and related products is anticipated to impact revenue recognition timing[18] - Rapid growth in related expenses is expected to further affect the net profit level[18]