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裕同科技(002831) - 2018 Q1 - 季度财报
YUTO TECH.YUTO TECH.(SZ:002831)2018-04-19 23:50

Financial Performance - The company's revenue for Q1 2018 was CNY 1,614,836,636.80, representing a 16.18% increase compared to CNY 1,389,904,236.47 in the same period last year[7] - Net profit attributable to shareholders decreased by 14.14% to CNY 139,319,665.67 from CNY 162,256,281.62 year-on-year[7] - The net profit after deducting non-recurring gains and losses dropped by 49.99% to CNY 79,172,339.42 compared to CNY 158,316,501.03 in the previous year[7] - Basic earnings per share decreased by 14.13% to CNY 0.3483 from CNY 0.4056 year-on-year[7] - Income tax expenses decreased by 85.35% to ¥5,946,857.89 as a result of reduced taxable profits[15] - The estimated net profit attributable to shareholders for the first half of 2018 is expected to range from RMB 217,925,162.4 to RMB 264,623,411.49, representing a decrease of 15.00% to 30.00% compared to the same period in 2017[23] Cash Flow - The net cash flow from operating activities fell by 62.04% to CNY 203,776,516.83 from CNY 536,834,296.65 in the same period last year[7] - Net cash flow from operating activities decreased by 62.04% to ¥203,776,516.83 primarily due to increased payments for goods and employee compensation[15] - The net cash flow increased by 73.26% to ¥246,290,485.86 due to increased borrowings during the reporting period[15] Assets and Shareholder Information - Total assets at the end of the reporting period increased by 5.21% to CNY 9,451,258,718.86 from CNY 8,983,090,984.48 at the end of the previous year[7] - Net assets attributable to shareholders rose by 2.34% to CNY 5,116,690,233.05 compared to CNY 4,999,569,528.99 at the end of the last year[7] - The total number of ordinary shareholders at the end of the reporting period was 13,690[11] - The largest shareholder, Wu Lanlan, holds 52.75% of the shares, amounting to 210,998,700 shares, with 147,650,000 shares pledged[11] Financial Expenses and Gains - Financial expenses increased by 391.47% to ¥96,953,087.67 due to the appreciation of the RMB against the USD[15] - The company reported non-recurring gains of CNY 60,147,326.25 during the reporting period[9] - The company reported a significant increase in financial expenses due to exchange losses from fluctuations in the USD to RMB exchange rate, alongside rising raw material costs, particularly paper[23] Corporate Developments - The company established Chongqing Yutong Junhe Packaging Technology Co., Ltd. with a registered capital of ¥100 million on January 8, 2018[16] - The company acquired a 51% stake in Wuhan Aite Paper-Plastic Packaging Co., Ltd., resulting in goodwill increasing by 691.94% to ¥196,457,142.63[16] - The company established Jiangsu Yutong Packaging Technology Co., Ltd. with a registered capital of ¥10 million on January 17, 2018[17] - The company has announced plans for further acquisition of equity in Wuhan Aite Paper-Plastic Packaging Co., Ltd. as part of its market expansion strategy[21] Employee Stock Ownership Plan - The employee stock ownership plan raised up to ¥185 million, with 243 employees participating, including 6 senior management members[19] - The employee stock ownership plan has purchased 4,000,000 shares, accounting for 1.00% of the total share capital, with a transaction amount of RMB 200,880,000 at an average price of RMB 50.22 per share[20] - The employee stock ownership plan is still in progress, with a lock-up period of twelve months from the announcement date[20] Compliance and Investor Relations - There were no violations regarding external guarantees during the reporting period[26] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] - The company has not reported any overdue commitments by controlling shareholders or related parties during the reporting period[22] - The company has conducted multiple investor relations activities, including on-site investigations by institutions in January and February 2018[28] - The company is set to engage in foreign exchange hedging activities in 2018 to manage currency risk[21]