威领股份(002667) - 2018 Q1 - 季度财报(更新)

Revenue and Profitability - Revenue for Q1 2018 reached ¥46,613,450.27, a 69.97% increase compared to ¥27,423,742.49 in the same period last year[8] - Net profit attributable to shareholders was ¥9,288,464.27, reflecting a 7.42% increase from ¥8,646,769.23 year-over-year[8] - Basic earnings per share increased by 16.67% to ¥0.07 from ¥0.06 in the same period last year[8] - The total profit for Q1 2018 was CNY 11,810,145.98, compared to CNY 8,708,457.08 in Q1 2017, marking an increase of approximately 35.5%[39] - The company reported a net profit increase, with undistributed profits rising to CNY 266,668,443.47 from CNY 257,379,979.20[33] Cash Flow - Net cash flow from operating activities was negative at -¥373,772.51, a decline of 110.24% compared to ¥3,651,145.00 in the previous year[8] - Net cash flow from operating activities decreased by 110.24% year-on-year, mainly due to increased tax payments and cash payments to employees[17] - The net cash flow from investment activities was -20,171,403.05 CNY, compared to -663,314.00 CNY in the previous period, showing a worsening investment cash flow situation[47] - The cash flow from operating activities totaled 33,837,529.40 CNY, a decrease from 36,915,586.75 CNY in the previous period, reflecting lower sales or operational challenges[46] - The net increase in cash and cash equivalents was -20,715,190.76 CNY, contrasting with a positive increase of 2,972,155.28 CNY in the previous period, indicating cash flow challenges[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥885,621,933.37, a slight increase of 0.49% from ¥881,334,197.96 at the end of the previous year[8] - The total liabilities decreased to CNY 115,625,443.63 from CNY 120,505,141.32[32] - The equity attributable to shareholders of the parent company increased to CNY 767,979,221.47 from CNY 758,690,757.20[33] - The company's long-term investments in equity rose to CNY 63,907,601.29 from CNY 62,842,508.23[32] - The company’s total non-current assets were CNY 254,616,911.19, showing a slight increase from CNY 254,115,655.41[32] Operating Costs and Expenses - Operating costs surged by 122.90%, driven by the increase in revenue[16] - Total operating costs amounted to CNY 39,234,888.78, compared to CNY 19,348,709.11 in the same period last year[38] - Sales expenses rose by 56.43%, correlating with the increase in sales volume[16] - The company incurred sales expenses of CNY 5,519,635.51, which is a rise from CNY 3,528,463.59, reflecting increased marketing efforts[39] - The management expenses for the quarter were CNY 7,076,958.75, compared to CNY 5,882,986.21 in the previous year, indicating a strategic investment in operational management[39] Investment Performance - Investment income increased by 526.72% year-on-year, primarily due to the growth in net profits of associated companies and an increase in income from financial products[17] - The company reported an investment income of CNY 2,198,112.06, a recovery from a loss of CNY 515,118.58 in the previous year, showcasing improved investment performance[39] Other Financial Metrics - The company reported a significant increase in prepayments by 88.62%, primarily due to inventory preparations for production[16] - Accounts receivable interest grew by 63.37%, attributed to interest income from financial products not yet collected[16] - Financial expenses increased by 101.51%, mainly due to a decrease in interest income from time deposits[16] - Asset impairment losses decreased by 41.73% compared to the same period last year, mainly due to a reduction in long-aged receivables leading to a decrease in bad debt provisions[17] - The company did not report any cash inflow from financing activities, indicating a lack of new financing or capital raising efforts during the period[47]