香山股份(002870) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was ¥178,147,246.51, a decrease of 6.96% compared to ¥191,473,892.19 in the same period last year[8]. - Net profit attributable to shareholders was ¥5,076,475.32, down 75.05% from ¥20,346,108.79 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥852,255.30, a decline of 95.83% compared to ¥20,453,476.21 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.05, down 80.00% from ¥0.25 in the previous year[8]. - Operating profit decreased to ¥6,557,574.52 from ¥24,954,269.91, reflecting a decline of about 73.7% year-over-year[35]. - Net profit fell to ¥5,076,475.32 compared to ¥20,346,108.79 in the previous period, a decrease of approximately 75.1%[35]. - Tax expenses decreased to ¥1,200,326.27 from ¥4,236,004.44, a decline of approximately 71.7%[35]. Cash Flow - The net cash flow from operating activities was -¥33,077,230.61, a significant drop of 580.29% from -¥4,862,189.42 in the same period last year[8]. - Cash flow from operating activities showed a negative net amount of ¥33,077,230.61, a decline of 580.29% year-on-year, primarily due to decreased sales revenue and increased raw material costs[16]. - The net cash flow from operating activities was -33,077,230.61 CNY, compared to -4,862,189.42 CNY in the previous period, indicating a decline in operational cash generation[42]. - The total cash outflow from operating activities was 240,015,106.60 CNY, compared to 222,499,346.21 CNY in the previous period, reflecting increased operational expenses[42]. - The company reported a total operating cash inflow of 206,937,875.99 CNY, which decreased from 217,637,156.79 CNY in the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,325,439,500.96, an increase of 35.39% from ¥978,966,975.37 at the end of the previous year[8]. - Total liabilities increased from CNY 172,614,904.53 to CNY 450,829,428.50, which is an increase of approximately 160.5%[28]. - The company's equity rose from CNY 806,352,070.84 to CNY 874,610,072.46, reflecting an increase of about 8.5%[29]. - Current assets rose from CNY 734,267,235.16 to CNY 882,183,827.03, an increase of about 20.1%[26]. - Non-current assets increased from CNY 244,699,740.21 to CNY 443,255,673.93, representing a growth of approximately 81.2%[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,737[11]. - Net assets attributable to shareholders were ¥816,339,486.39, a slight increase of 1.24% from ¥806,352,070.84 at the end of the previous year[8]. Investments and Acquisitions - The company acquired 51% of Bao Sheng Automation, resulting in a significant increase in goodwill to ¥184,151,022.67[17]. - The company reported non-recurring gains of ¥4,224,220.02, primarily from entrusted investment income and government subsidies[9]. - Investment income skyrocketed by 2110.06% to ¥4,553,142.78, driven by asset management returns from Tree Graveyard[16]. Expenses - Financial expenses surged by 782.75% to ¥9,356,336.96, largely due to exchange rate fluctuations and changes in the accounting currency of subsidiaries[16]. - Management expenses increased to ¥25,755,644.59 from ¥22,241,344.54, an increase of about 23% year-over-year[35]. - Sales expenses decreased to ¥14,377,098.17 from ¥15,160,505.79, a reduction of about 5.2% year-over-year[35]. Future Outlook - The company expects net profit attributable to shareholders for the first half of 2018 to range from ¥1,000,000 to ¥3,000,000, a decrease of 75.32% to 25.97% compared to the same period last year[20]. - The company plans to enhance core technology research and development, which is expected to increase management expenses compared to the previous year[20]. Other Information - The report was not audited, indicating that the figures presented are preliminary and subject to change[48]. - The company experienced a foreign exchange loss of -3,399,778.66 CNY during the reporting period[43].