康达新材(002669) - 2017 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2017 was ¥119,240,261.53, a decrease of 16.19% compared to ¥142,281,680.22 in the same period last year[8]. - Net profit attributable to shareholders was ¥23,659,193.01, down 19.55% from ¥29,408,445.51 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥23,064,430.93, reflecting a decline of 21.12% compared to ¥29,241,624.81 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.103, down 29.93% from ¥0.147 in the previous year[8]. - The weighted average return on equity was 1.46%, a decrease of 2.54% from 4.00% in the same period last year[8]. - The company expects a net profit attributable to shareholders for the first half of 2017 to be between CNY 34.268 million and CNY 48.9543 million, reflecting a year-on-year decrease of 30%[21]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥1,389,434.95, a significant decrease of 118.11% from ¥7,673,280.02 in the same period last year[8]. - Total assets at the end of the reporting period were ¥1,799,630,817.71, a slight increase of 0.22% from ¥1,795,645,248.32 at the end of the previous year[8]. - Net assets attributable to shareholders increased by 1.47% to ¥1,632,859,295.59 from ¥1,609,200,102.85 at the end of the previous year[8]. - Cash received from other operating activities amounted to CNY 1.1392 million, an increase of 159.17% year-on-year, primarily due to increased subsidy income[16]. - Cash received from the disposal of fixed assets, intangible assets, and other long-term assets was CNY 0.0991 million, up 340.63% year-on-year, mainly due to increased proceeds from equipment disposal[16]. - Cash received from other investment activities totaled CNY 1.5232 million, a year-on-year increase of 307.84%, mainly due to increased interest income from raised funds[16]. - Cash paid for the purchase and construction of fixed assets, intangible assets, and other long-term assets was CNY 8.7768 million, a decrease of 58.13% year-on-year, mainly due to reduced payments for equipment[16]. - Cash received from borrowings was CNY 15 million, a decrease of 50% year-on-year, mainly due to reduced bank borrowings[16]. - Cash paid for debt repayment was CNY 35 million, an increase of 75% year-on-year, mainly due to increased bank loan repayments[16]. Investments and Joint Ventures - The company reported an increase of 62.71% in construction in progress to ¥1,305,800 from the beginning of the year, mainly due to the installation of new equipment[15]. - Other non-current assets increased by 230.94% to ¥5,216,200, primarily due to increased prepayments for equipment purchases[15]. - The company has established a joint venture, Kangda Yahua (Beijing) New Materials Co., Ltd., with a registered capital of CNY 10 million, with the company contributing CNY 1 million[17]. Profit Distribution - The profit distribution plan for 2016 was approved, with a cash dividend of CNY 0.72 per 10 shares, totaling CNY 16.6174 million, accounting for 22.04% of the company's net profit[17]. Taxation - The income tax expense for the current period is CNY 1.9381 million, a decrease of 51.56% compared to the same period last year, mainly due to the expiration of the high-tech enterprise certificate from the previous year, with corporate income tax temporarily calculated at 25%[16].