DOJJ(SZ:002798)2018-04-20 16:00Financial Performance - The company's revenue for Q1 2018 reached ¥756,518,436.39, representing a significant increase of 935.55% compared to ¥73,054,603.33 in the same period last year[8] - Net profit attributable to shareholders was ¥44,167,979.80, a remarkable rise of 2,214.83% from ¥1,908,042.19 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥43,639,653.06, compared to a loss of ¥4,110,579.59 in the same period last year, marking a 1,161.64% increase[8] - Total revenue for the reporting period reached ¥756,518,436.39, a 935.55% increase compared to the previous year, primarily due to the consolidation of Oushennuo's financial data and growth in the company's two main business segments[18] - Net profit for the period was ¥43,467,820.36, reflecting a 2178.14% increase year-on-year, driven by the substantial rise in total revenue[18] - The estimated net profit attributable to shareholders for the first half of 2018 is projected to be between 118.24 million and 130.30 million RMB, representing a year-on-year increase of 390% to 440%[26] - The significant increase in net profit is primarily due to the consolidation of financial data from the newly acquired subsidiary, Oushennuo, which was not included in the previous year's figures[26] Assets and Liabilities - The company's total assets increased by 263.37% to ¥4,576,756,635.37 from ¥1,259,521,343.04 at the end of the previous year[8] - The net assets attributable to shareholders rose by 173.42% to ¥2,873,120,151.02 from ¥1,050,819,245.27 at the end of the previous year[8] - Accounts receivable increased by 1046.82% to ¥983,807,952.55, largely due to the consolidation of Oushennuo's financial data[16] - The company’s total liabilities increased significantly, with accounts payable rising by 1353.88% to ¥515,378,305.30, primarily due to the consolidation of Oushennuo's financial data[16] - The company reported a 614.68% increase in other non-current liabilities, reaching ¥25,088,689.27, mainly due to the consolidation of Oushennuo's financial data[17] Earnings Per Share - Basic earnings per share increased to ¥0.37, up 1,750.00% from ¥0.02 in the same period last year[8] - Diluted earnings per share also rose to ¥0.36, reflecting a 1,700.00% increase from ¥0.02 in the previous year[8] Cash Flow - The net cash flow from operating activities was negative at -¥32,678,565.34, a decline of 707.32% from ¥5,380,821.02 in the previous year[8] - The company reported a cash flow from operating activities showed a net outflow of ¥32,678,565.34, a 707.32% decrease compared to the previous year, attributed to increases in accounts receivable and prepayments[19] Acquisition and Restructuring - The company completed the acquisition of Foshan Oushennuo Ceramics Co., Ltd., holding 99.9939% of its shares, significantly impacting financial data consolidation[16] - The company completed the transfer of major asset restructuring in January 2018, acquiring a 99.9939% stake in Oushennuo[26] - The company achieved a net profit of ¥56,951,719.17 for Oushennuo in Q1 2018, a 224.87% increase year-on-year, supported by strong relationships with major real estate developers[20] Return on Equity - The weighted average return on equity improved to 2.13%, compared to 0.33% in the same period last year[8] Non-Recurring Gains and Losses - The company reported non-recurring gains and losses, including government subsidies of ¥2,682,129.70 received during the reporting period[9] - The company has committed to achieving cumulative net profit targets of ¥16,300 million, ¥35,500 million, and ¥58,300 million for the years 2017, 2018, and 2019, respectively, as part of the performance commitment agreement with Oushennuo's original shareholders[21] Fixed Assets - The company reported a significant increase in fixed assets, which rose by 459.44% to ¥747,200,194.29, mainly due to the consolidation of Oushennuo's financial data[16]