ST摩登(002656) - 2018 Q1 - 季度财报(更新)

Revenue and Profit - Revenue for Q1 2018 was CNY 329,235,670.26, an increase of 26.18% compared to CNY 260,935,117.44 in the same period last year[7] - Net profit attributable to shareholders decreased by 61.54% to CNY 37,408,712.83 from CNY 97,262,219.04 year-on-year[7] - Net profit excluding non-recurring items surged by 1,008.77% to CNY 35,700,690.07, compared to a loss of CNY 3,928,454.19 in the previous year[7] - Net profit for the period was CNY 36,753,282.32, a decrease of 60.2% from CNY 92,246,805.29 in the same period last year[58] - 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[38] - The net profit for the first half of 2017 was 105.29 million yuan, indicating a significant decline in performance year-over-year[38] Cash Flow and Financial Position - Operating cash flow turned negative at CNY -17,889,006.99, a decline of 173.20% from CNY 24,437,134.15 in the same period last year[7] - Net cash flow from operating activities decreased by 173.2% year-on-year, primarily due to increased cash payments for goods and services, as well as payments to employees[31] - Net cash flow from financing activities decreased by 101.01% year-on-year, mainly due to increased cash repayments of borrowings[32] - Net cash flow from investing activities decreased by 3564.04% year-on-year, primarily due to a decrease in cash received from the disposal of subsidiaries and other operating units[33] - The company's cash and cash equivalents decreased from approximately 635.64 million yuan to 557.05 million yuan during the same period[49] - The total cash and cash equivalents at the end of Q1 2018 were CNY 553,750,239.01, down from CNY 579,005,409.68 at the end of Q1 2017[67] - The ending balance of cash and cash equivalents was 222,050,648.37, down from 502,223,074.76 at the end of the previous year[71] - The net increase in cash and cash equivalents was -124,695,955.19, contrasting with an increase of 123,836,576.48 in the previous year[71] Assets and Liabilities - Total assets increased slightly by 0.26% to CNY 3,390,251,793.39 from CNY 3,381,418,978.33 at the end of the previous year[7] - As of the end of the first quarter of 2018, total assets amounted to approximately 3.39 billion yuan, a slight increase from 3.38 billion yuan at the beginning of the period[50] - The total liabilities as of the end of the first quarter of 2018 were approximately 907.06 million yuan, down from 914.67 million yuan at the beginning of the period[51] - Total liabilities decreased to CNY 826,613,389.89 from CNY 880,129,396.76, a reduction of 6.1%[55] - The company's equity attributable to shareholders increased from approximately 2.36 billion yuan to 2.38 billion yuan, reflecting a growth of about 0.5%[52] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 3,555[13] - The largest shareholder, Guangzhou Ruifeng Group, holds 28.56% of shares, totaling 127,200,000 shares[13] Expenses and Costs - Total operating costs amounted to CNY 288,435,008.96, up from CNY 272,170,284.14, reflecting a rise of 6.1%[58] - Management expenses grew by 59.33% year-on-year, mainly due to increased administrative expenses from the new office building and the inclusion of the Wuhan company in the consolidation scope[25] - Financial expenses surged by 254.53% year-on-year, primarily due to increased interest from halted capitalization of construction projects and increased exchange losses[26] - The company reported a significant increase in sales expenses, which rose to CNY 93,084,220.45 from CNY 82,182,091.48, an increase of 13.5%[58] Investment and Acquisitions - The company is planning a significant asset acquisition, which constitutes a major asset restructuring, and the stock has been suspended from trading since February 2, 2018[36] - The company acquired 100% equity of Wuhan Yueran Network Technology Co., Ltd. in April 2017, which has been included in the consolidated financial statements since May 2017[40] - The company recorded an investment income of 9.88 million yuan from the sale of a controlling subsidiary in March 2017, which contributed to the previous year's profit[38] Other Financial Metrics - Earnings per share (EPS) for the quarter was CNY 0.080, down from CNY 0.240 year-over-year[59] - The company reported a total tax payment of 19,721,368.00, an increase from 12,742,876.22 in the previous year[70] - The company did not conduct an audit for the first quarter report[72] - The chairman of the company is Lin Yongfei, who presented the report on April 26, 2018[73]