益生股份(002458) - 2017 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2017 was ¥209,598,063.77, a decrease of 38.90% compared to ¥343,039,584.33 in the same period last year[8] - Net profit attributable to shareholders was ¥3,398,403.52, down 95.99% from ¥84,815,314.42 year-on-year[8] - Basic earnings per share decreased by 96.30% to ¥0.01 from ¥0.27 in the same period last year[8] - Operating profit for Q1 2017 was CNY -16,375,129.01, a decrease of 119.57% compared to the same period last year, driven by a decline in sales revenue[20] - Net profit for Q1 2017 was CNY 3,228,559.13, down 96.11% year-on-year, reflecting the overall market downturn[21] - The company expects a net loss of between CNY -70,000,000 and CNY -50,000,000 for the first half of 2017, primarily due to declining prices of key products[28] - Cash received from sales of goods and services decreased by 47.94% to CNY 181,900,510.52, reflecting the adverse market conditions[21] Cash Flow and Assets - The net cash flow from operating activities was -¥13,528,176.23, a decline of 111.49% compared to ¥117,770,135.13 in the previous year[8] - Cash and cash equivalents decreased by 40.66% to ¥59,776,061.77, primarily due to a decline in product prices and reduced cash flow from operations[16] - Total assets at the end of the reporting period were ¥1,934,995,649.71, a slight decrease of 0.11% from ¥1,937,060,928.35 at the end of the previous year[8] - As of March 31, 2017, the company's fixed assets increased by 100% to CNY 41,205.71 due to the clearance of fixed assets during the reporting period[17] - Other non-current assets rose by 88.12% to CNY 60,615,079.88, primarily due to an increase in prepaid engineering and equipment payments[17] Liabilities and Equity - Accounts payable increased by 213.90% to CNY 34,497,202.15, attributed to an increase in bank acceptance bill payments[17] - Long-term borrowings increased by CNY 10,000,000 to CNY 10,000,000 due to new bank loans during the reporting period[18] - The weighted average return on equity dropped to 0.23% from 11.28% in the previous year, reflecting the overall decline in profitability[8] Business Operations - The company reported a significant increase in accounts receivable, which rose by 59.33% to ¥50,753,197.77 due to increased credit sales[16] - The company’s construction in progress increased by 31.38% to ¥101,446,633.95, indicating ongoing investment in new projects[16] - Main business revenue for Q1 2017 decreased by 38.90% to CNY 209,598,063.77, mainly due to a significant drop in the selling price of goods[18] - The company did not engage in any repurchase transactions among its top shareholders during the reporting period[13] Incentives and Plans - The company is implementing a stock option incentive plan, with details disclosed in designated information media[25]