Anjie(SZ:002635)2018-04-25 16:00Financial Performance - The company's revenue for Q1 2018 was ¥617,900,413.77, representing a 44.10% increase compared to ¥428,808,823.50 in the same period last year[8] - Net profit attributable to shareholders was ¥103,747,942.82, up 15.60% from ¥89,746,680.68 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥91,209,202.44, reflecting a 7.07% increase from ¥85,186,511.78 in the previous year[8] - The net cash flow from operating activities was ¥160,480,280.38, which is a 41.95% increase compared to ¥113,052,512.29 in the same period last year[8] - Operating revenue grew by 44.10% to ¥617,900,413.77, primarily due to the consolidation of Weibo Precision[17] - Operating costs increased by 54.93% to ¥403,918,615.47, in line with the rise in operating revenue[17] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 22,546.59 million to 27,556.95 million yuan, representing a year-on-year increase of approximately 35.00% to 65.00%[25][26] - The net profit for the first half of 2017 was 16,701.18 million yuan, indicating significant growth in the current reporting period[26] - The increase in performance is attributed to enhanced production automation, which improved efficiency and reduced manufacturing costs, as well as the development of new businesses and clients[26] - The consolidation of Weibo Precision into the financial statements contributed to the increase in net profit during the reporting period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,706,734,127.86, a slight decrease of 0.13% from ¥8,718,401,010.01 at the end of the previous year[8] - Net assets attributable to shareholders increased by 3.58% to ¥7,014,029,005.06 from ¥6,771,425,712.73 at the end of the previous year[8] - The company's accounts receivable decreased by 24.8% to ¥895,746,585.29 due to customer payments received[16] - Long-term equity investments increased by 12,525.6% to ¥252,718,685.78, attributed to acquiring a 13% stake in Anjieli Industrial Co., Ltd.[16] - Construction in progress rose by 227.70% to ¥253,317,892.54, as the company headquarters building was reclassified from "other non-current assets" to "construction in progress"[16] Earnings Per Share - The basic earnings per share decreased by 10.39% to ¥0.138 from ¥0.154 in the same period last year[8] - The diluted earnings per share also decreased by 10.39% to ¥0.138 from ¥0.154 year-on-year[8] - The weighted average return on equity was 1.47%, down 1.94% from 3.41% in the previous year[8] Non-Recurring Gains and Investments - The company reported non-recurring gains of ¥12,538,740.38, which included government subsidies and investment income[9] - The company completed the acquisition of a 13% stake in Anjieli Industrial Co., Ltd. for a total of HKD 300 million[21] - A new wholly-owned subsidiary, Anjie Wireless Technology (Suzhou) Co., Ltd., was established with an investment of ¥100 million to expand business operations[22] Financial Challenges - Financial expenses surged by 443.11% to ¥20,411,327.63, mainly due to exchange losses from the depreciation of the USD against the RMB[18] Corporate Governance - The company reported no violations regarding external guarantees during the reporting period[29] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30] Investor Relations - The company engaged in multiple investor relations activities, including site visits by institutions throughout January 2018[31][32] - The company established a wholly-owned subsidiary in the USA with an investment of $1 million to enhance international service capabilities[21]