小崧股份(002723) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥230,274,989.60, a decrease of 16.85% compared to ¥276,923,846.77 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥12,015,822.56, representing a decline of 465.01% from a profit of ¥3,291,928.08 in the previous year[8] - The basic earnings per share fell to -¥0.0644, a decrease of 465.91% compared to ¥0.0176 in the same period last year[8] - Operating profit decreased by 472.39% to -¥17,861,355.41, impacted by RMB appreciation, increased sales expenses, and reduced sales volume[16] - Net profit fell by 465.01% to -¥15,307,750.64, driven by exchange losses and declining product gross margins[17] - Comprehensive income totalled -¥15,302,692.50, reflecting a 465.39% decrease due to increased sales expenses and reduced sales activities[17] - The company expects a net loss of between -¥7,500,000 to -¥5,000,000 for the first half of 2018, compared to a profit of ¥11,867,000 in the same period of 2017[20] - The anticipated loss is attributed to RMB appreciation, rising raw material and labor costs, and increased sales expenses[20] Cash Flow - The net cash flow from operating activities decreased by 81.67%, down to ¥7,708,542.94 from ¥42,046,274.36 year-on-year[8] - Cash flow from operating activities decreased by 81.67% to -¥34,337,731.42, primarily due to the settlement of bills from the previous year[18] - Cash flow from investing activities declined by 74.68% to -¥4,485,801.88, resulting from reduced fixed asset investments[18] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥1,056,847,391.46, an increase of 1.42% from ¥1,042,074,520.89 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.84%, from ¥653,886,248.52 to ¥641,871,696.56[8] - The number of ordinary shareholders at the end of the reporting period was 9,064[11] - The top shareholder, Shenzhen Huaxin Chuangli Technology Industrial Development Co., Ltd., held 29.99% of the shares, amounting to 55,991,330 shares[11] Expenses and Gains - Sales expenses increased by 118.63% to ¥3,530,897.08 due to the dealer conference, increased sales personnel, and purchase of export credit insurance[16] - Financial expenses rose by 198.94% to ¥4,423,493.81, attributed to increased exchange losses from RMB appreciation[16] - Investment income surged by 489.26% to ¥2,167,672.81 from profits generated by forward and option products[16] - The company reported non-recurring gains and losses totaling ¥272,437.69 for the period[9] Customer Prepayments - The company experienced a significant increase in prepayments, with a rise of 88.31% in advance payments from customers during the reporting period[15]