浙江世宝(002703) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥283,955,279.96, a slight increase of 0.29% compared to ¥283,122,491.74 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was -¥5,546,239.89, representing a decrease of 130.90% from ¥17,947,706.09 in the previous year[8]. - The net cash flow from operating activities was -¥4,863,584.89, a decline of 112.95% compared to ¥37,554,643.00 in the same period last year[8]. - The weighted average return on net assets was -0.38%, down from 1.21% in the previous year[8]. - Operating cash inflow for Q1 2018 was ¥169.86 million, a decrease of 9.96% compared to ¥188.66 million in Q1 2017[18]. - Net cash flow from operating activities turned negative at -¥4.86 million, a decline of 112.95% from ¥37.55 million in the same period last year[18]. - The expected net profit for the first half of 2018 is projected to be between -¥18 million and -¥9 million, compared to a profit of ¥39.72 million in the same period of 2017[29]. - The decline in profitability is attributed to the transition period of product innovation and the decrease in prices of older products[29]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,097,924,527.70, a decrease of 0.31% from ¥2,104,424,460.90 at the end of the previous year[8]. - The company's inventory increased to ¥298,359,427.03, representing 14.22% of total assets, up from 13.29% in the previous year[15]. Expenses - Research and development expenses increased by approximately ¥6 million compared to the same period last year, as the company focused on new technology and product development[17]. - The company reported a significant increase in sales expenses, which rose by 28.21% to ¥19,769,471.92 compared to ¥15,419,273.99 in the previous year[17]. - The company’s gross profit margin was impacted by a rise in operating costs, with operating costs increasing by 8.71% to ¥242,780,321.55 compared to ¥223,332,649.61 in the previous year[17]. Cash Flow - Investment cash inflow decreased by 73.46% to ¥129.76 million, while investment cash outflow decreased by 68.81% to ¥141.91 million[19]. - Net cash flow from investment activities was -¥12.15 million, down 135.71% from ¥34.02 million in Q1 2017[19]. - Cash and cash equivalents net increase fell by 124.07%, from ¥72.79 million in Q1 2017 to -¥17.52 million in Q1 2018[20]. Corporate Actions - The company plans to raise up to ¥770 million through a non-public offering of A-shares to fund several projects, including a new production line for automotive steering systems[22]. - The company does not plan to distribute cash dividends or issue bonus shares for the 2017 fiscal year[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,987[12]. - There were no violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[30][31].