捷荣技术(002855) - 2018 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2018 was CNY 368,572,039.91, a decrease of 2.47% compared to CNY 377,924,736.27 in the same period last year[8] - Net profit attributable to shareholders was CNY 8,135,646.92, down 50.05% from CNY 16,287,863.87 year-on-year[8] - Basic and diluted earnings per share were both CNY 0.03, a decline of 66.67% from CNY 0.09 in the same period last year[8] - The estimated net profit attributable to shareholders for the first half of 2018 is expected to range from RMB 17.39 million to RMB 30.77 million, representing a decrease of 35% to 15% compared to the same period in 2017 [19] - The net profit for the first half of 2017 was RMB 26.76 million, indicating a potential decline in profitability due to intensified market competition and rising labor costs [19] - Net profit for the current period is CNY 6,389,190.80, a decline of 60% from CNY 15,952,314.34 in the previous period[36] - The company's operating revenue for Q1 2018 was CNY 324.63 million, a decrease of 7.4% compared to CNY 349.49 million in the same period last year[38] - The net profit for Q1 2018 was a loss of CNY 2.14 million, compared to a profit of CNY 12.04 million in Q1 2017, representing a significant decline[39] - The operating profit for Q1 2018 was a loss of CNY 2.18 million, contrasting with a profit of CNY 8.81 million in Q1 2017, highlighting a downturn in operational performance[38] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 65.42% to CNY 22,135,878.77, compared to CNY 64,021,551.75 in the previous year[8] - The company's cash and cash equivalents decreased to RMB 329.03 million from RMB 374.58 million, reflecting a reduction in liquidity [26] - The total cash and cash equivalents at the end of Q1 2018 were CNY 311.73 million, a decrease of 50.0% from CNY 624.26 million at the end of the previous year[43] - The cash flow from operating activities generated a net amount of CNY 22.14 million, down 65.4% from CNY 64.02 million in the previous year[42] - The financing activities generated a net cash flow of CNY 124.17 million, a decrease of 60.7% from CNY 315.90 million in the previous year[43] - The net cash flow from operating activities was -12,767,259.80, a decrease from 46,693,330.95 in the previous year[46] - Cash outflow from operating activities totaled 481,323,004.38, compared to 433,832,007.35 in the same period last year[46] - The net cash flow from investing activities was -81,730,731.94, compared to -24,168,874.43 in the previous year[46] - Cash inflow from financing activities amounted to 114,318,612.12, down from 353,121,125.00 in the previous year[47] - The net cash flow from financing activities was 101,320,287.72, compared to 317,010,451.66 in the same period last year[47] - The cash and cash equivalents at the end of the period were 244,038,048.35, down from 499,848,960.68 in the previous year[47] - The net increase in cash and cash equivalents was 8,328,455.40, a significant decrease from 339,534,908.18 in the previous year[47] Assets and Liabilities - Total assets increased by 8.16% to CNY 2,139,768,210.23 from CNY 1,978,247,301.94 at the end of the previous year[8] - As of March 31, 2018, the total assets of the company amounted to RMB 2.14 billion, an increase from RMB 1.98 billion at the beginning of the year [29] - The company's current liabilities totaled RMB 879.86 million, up from RMB 771.03 million at the beginning of the year, indicating increased short-term financial obligations [28] - The total liabilities increased to CNY 1,084,118,222.09 from CNY 925,388,776.27, reflecting a growth of approximately 17%[32] - The total equity attributable to shareholders of the parent company was RMB 1.20 billion, slightly up from RMB 1.19 billion at the beginning of the year [29] Inventory and Receivables - Accounts receivable decreased by 48.74% compared to the end of the previous year, mainly due to endorsements transferred to suppliers[15] - Inventory levels increased to RMB 582.34 million from RMB 483.43 million, suggesting a buildup of stock possibly due to lower sales [26] - The company reported a decrease in accounts receivable from CNY 380,728,990.95 to CNY 338,749,388.81, a reduction of approximately 11%[30] - Inventory increased significantly from CNY 461,604,479.72 to CNY 557,222,773.34, marking an increase of about 21%[30] Investments and Financial Commitments - The company invested CNY 177.21 million in fixed assets during Q1 2018, compared to CNY 24.57 million in the same period last year, indicating a significant increase in investment activities[43] - The company provided a guarantee of HKD 73 million (approximately RMB 61 million) for its wholly-owned subsidiary, Jierong Hong Kong, to apply for a comprehensive credit facility from Bank of China (Hong Kong) [16] - The company reported a significant increase in long-term payables, rising to RMB 52.65 million from RMB 3.97 million, indicating potential long-term financial commitments [28] Other Financial Metrics - Non-current asset disposal loss was CNY 423,342.33, primarily due to fixed asset disposal losses[9] - Financial expenses increased by 356.30% year-on-year, primarily due to foreign exchange rate fluctuations[15] - The company did not report any overdue commitments or non-operating fund occupation by major shareholders during the reporting period [18] - The company did not undergo an audit for the first quarter report[48]