ST摩登(002656) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was ¥329,235,670.26, representing a 26.18% increase compared to ¥260,935,117.44 in the same period last year[7]. - Net profit attributable to shareholders decreased by 61.54% to ¥37,408,712.83 from ¥97,262,219.04 year-on-year[7]. - The net profit excluding non-recurring gains and losses surged by 1,008.77% to ¥35,700,690.07, compared to a loss of ¥3,928,454.19 in the previous year[7]. - Basic and diluted earnings per share fell by 66.67% to ¥0.080 from ¥0.240 year-on-year[7]. - The net profit attributable to shareholders for the first half of 2018 is expected to be between 55 million and 80 million yuan, representing a decrease of 47.76% to 24.02% compared to the same period in 2017[37]. - The net profit for the first half of 2017 was 105.29 million yuan, indicating a significant decline in performance year-over-year[37]. - The decrease in net profit is attributed to the investment income of 9.88 million yuan from the sale of a controlling subsidiary in March 2017[37]. Cash Flow - The net cash flow from operating activities was negative at -¥17,889,006.99, a decline of 173.20% from ¥24,437,134.15 in the same period last year[7]. - Net cash flow from operating activities decreased by 173.2% compared to the same period last year, mainly due to increased cash payments for goods and services and payments to employees[29]. - Net cash flow from financing activities decreased by 109.65% year-on-year, primarily due to increased cash payments for loan repayments[30]. - Net cash flow from investing activities decreased by 3564.04% compared to the previous year, mainly due to a decrease in cash received from the disposal of subsidiaries and other operating units[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,390,251,793.39, a slight increase of 0.26% from ¥3,381,418,978.33 at the end of the previous year[7]. - The net assets attributable to shareholders increased by 0.60% to ¥2,377,550,846.24 from ¥2,363,268,619.86 at the end of the previous year[7]. - The company's financial assets measured at fair value increased by 108,990.91% compared to the end of the previous year, primarily due to the purchase of wealth management products[16]. - Prepayments increased by 51.3% compared to the end of the previous year, mainly due to increased advance payments for goods[17]. - Other receivables rose by 61.41% compared to the end of the previous year, attributed to an increase in operational receivables[18]. - Other comprehensive income increased by 145.63% compared to the end of the previous year, mainly due to the increase in foreign currency translation differences of overseas subsidiaries[22]. Expenses - Management expenses grew by 59.33% year-on-year, primarily due to increased administrative expenses from the new office building and the inclusion of the Wuhan company in the consolidation scope[23]. - Financial expenses surged by 254.53% compared to the same period last year, mainly due to increased interest from halted capitalization of construction projects and increased exchange losses[24]. - Asset impairment losses decreased by 71.68% year-on-year, primarily due to a reduction in bad debt provisions[25]. - Investment income dropped by 99.91% compared to the previous year, mainly due to decreased asset disposal income[26]. - Non-operating income fell by 63.88% year-on-year, primarily due to a reduction in government subsidies received[27]. Corporate Actions - The company has relocated its office to a new headquarters building as of January 3, 2018, with changes in address and contact information[32]. - The company acquired 100% equity of Wuhan Yueran Xindong Network Technology Co., Ltd. in April 2017, which has been included in the consolidated financial statements since May 2017[37]. - The company reported no violations regarding external guarantees during the reporting period[40]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[41]. - The company conducted an on-site investigation on January 19, 2018, to understand its basic operating conditions and competitive advantages[42].