富森美(002818) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥328,241,076.41, representing a 9.22% increase compared to ¥300,526,222.54 in the same period last year[9] - Net profit attributable to shareholders was ¥177,873,734.74, up 12.00% from ¥158,813,090.32 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥173,092,980.22, reflecting a 10.23% increase from ¥157,032,369.96 in the previous year[9] - Total operating revenue for Q1 2018 was CNY 328,241,076.41, an increase of 9.03% compared to CNY 300,526,222.54 in the same period last year[44] - Net profit for Q1 2018 reached CNY 177,873,734.74, representing a growth of 12.00% from CNY 158,813,090.32 in Q1 2017[45] - Earnings per share for Q1 2018 were CNY 0.40, compared to CNY 0.36 in the same quarter last year[46] - The total comprehensive income for Q1 2018 was CNY 177,873,734.74, compared to CNY 158,813,090.32 in the same period last year[46] Cash Flow - The net cash flow from operating activities decreased by 26.75% to ¥147,117,964.50, down from ¥200,835,791.23 in the same period last year[9] - Operating cash inflow totaled CNY 376,124,773.53, up from CNY 308,370,008.73 in the previous period, representing a 22% increase[52] - Net cash flow from operating activities was CNY 147,117,964.50, down from CNY 200,835,791.23, indicating a decrease of approximately 27%[52] - Cash inflow from investment activities reached CNY 608,780,704.11, compared to CNY 401,834,520.55 in the prior period, marking a 51% increase[53] - Cash outflow for investment activities was CNY 731,548,215.56, up from CNY 495,180,477.69, which is a 48% increase[53] - Cash inflow from financing activities was CNY 160,000,000.00, with cash outflow totaling CNY 330,000,000.00, resulting in a net cash flow of CNY -170,000,000.00[57] - The net increase in cash and cash equivalents was CNY 388,129,509.54, compared to a decrease of CNY 81,965,904.27 in the previous period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,501,391,823.85, a 3.50% increase from ¥5,315,289,710.85 at the end of the previous year[9] - The total liabilities amounted to CNY 1,081,200,750.59, slightly up from CNY 1,072,972,372.33, showing a marginal increase of about 0.1%[38] - The owner's equity totaled CNY 4,420,191,073.26, an increase from CNY 4,242,317,338.52, reflecting a growth of approximately 4.2%[39] - The company's current assets totaled CNY 1,293,892,393.24, down from CNY 1,604,848,091.53, indicating a decrease of about 19.4%[36] - The non-current assets increased to CNY 4,207,499,430.61 from CNY 3,710,441,619.32, representing an increase of approximately 13.4%[37] - The total liabilities increased to CNY 1,739,702,319.91 from CNY 1,615,048,456.64, reflecting a rise of 7.69%[45] - Total equity as of Q1 2018 was CNY 2,758,108,117.18, up from CNY 2,658,676,654.31, indicating a growth of 3.75%[45] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,849[13] - The largest shareholder, Liu Bing, holds 42.77% of the shares, totaling 188,179,200 shares[13] Investment and Future Plans - The company plans to invest no less than ¥1 billion in the "Fusen Home Paradise" complex project, with an expected investment of up to ¥200,000,000 in design, construction, and related expenses during the reporting period[24] - The company anticipates a net profit attributable to shareholders for the first half of 2018 to be between ¥380,000,000 and ¥450,000,000, representing a growth of 33.39% to 12.64% compared to ¥337,349,200 in the same period of 2017[28] - The company plans to sell part of its office buildings in 2018, expecting to achieve sales revenue of over ¥290,000,000 and a profit of approximately ¥80,000,000[25] Tax and Other Expenses - The company paid taxes totaling ¥158,103,001.83 in Q1 2018, a 221.78% increase from ¥49,134,340.21 in Q1 2017, mainly due to prepayment of VAT and land value-added tax[21] - Tax expenses for Q1 2018 amounted to CNY 32,061,016.42, an increase from CNY 29,189,243.16 in Q1 2017[45] Other Financial Metrics - The weighted average return on equity was 4.11%, slightly up from 4.08% in the previous year[9] - The company reported a significant increase of 1458.49% in other receivables, primarily due to project performance guarantees and increased financial assistance related to import-export agency business[18] - In Q1 2018, the company reported an asset impairment loss of ¥851,517.91, a significant increase of 441.23% compared to ¥157,330.80 in Q1 2017, primarily due to increased aging of other receivables and higher bad debt provisions[19] - Investment income for Q1 2018 reached ¥5,295,421.55, up 188.65% from ¥1,834,520.55 in Q1 2017, driven by a higher average balance of financial products[19] - Cash received from investment increased to ¥600,000,000.00 in Q1 2018, a 50.00% rise from ¥400,000,000.00 in Q1 2017, attributed to the recovery of matured financial product principal[21] - Cash and cash equivalents rose to CNY 1,010,756,117.75 from CNY 986,675,164.70, marking an increase of about 2.5%[36] - Accounts receivable decreased to CNY 1,137,772.80 from CNY 1,346,885.52, indicating a decline of approximately 15.5%[36] - Other receivables significantly increased to CNY 41,623,076.24 from CNY 2,670,738.33, representing a growth of approximately 1,558.5%[36] - The company reported a decrease in employee compensation payable from CNY 31,107,024.22 to CNY 16,265,386.22, a reduction of approximately 47.8%[38] - Total operating costs for Q1 2018 were CNY 123,917,329.22, up 8.67% from CNY 114,620,475.21 in Q1 2017[44] - Cash paid for the acquisition of fixed assets and other long-term assets surged to ¥562,373,901.96 in Q1 2018, a 490.85% increase from ¥95,180,477.69 in Q1 2017, mainly due to land transfer fees for the Tianfu New Area project[21] - The company expects to see an increase in rental income due to higher rental levels in several stores, contributing to revenue growth in the first half of 2018[28]