英联股份(002846) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥158,516,049.28, representing a 97.01% increase compared to ¥80,462,477.39 in the same period last year[7]. - The net profit attributable to shareholders was ¥7,639,088.55, a decrease of 34.99% from ¥11,750,165.11 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,335,753.45, down 57.20% from ¥10,131,126.92 year-on-year[7]. - The total profit for Q1 2018 was ¥9,429,336.03, reflecting a decrease of 30.96% compared to the previous year, mainly due to rising raw material prices and stock incentive expenses[16]. - The company expects net profit attributable to shareholders for the first half of 2018 to decline by 45% to 15%, estimating a range of 13.30 million to 20.56 million CNY, compared to 24.18 million CNY in the same period of 2017[25]. - The decrease in profit is attributed to rising raw material prices leading to a decline in gross margin and an estimated 5.1 million CNY in stock incentive expenses impacting operating profit[25]. Cash Flow and Assets - The net cash flow from operating activities was ¥20,277,458.41, a significant improvement from a negative cash flow of -¥7,726,828.80 in the same period last year[7]. - Cash received from operating activities increased by 82.93% to ¥137,890,842.04, driven by the expansion of revenue and the consolidation of Foshan Baorun and Shandong Xuyuan[16]. - The company's cash and cash equivalents increased by 209.35% to ¥81,902,552.87, primarily due to funds received from the issuance of restricted stock and the maturity of financial products[15]. - The company’s short-term borrowings increased by 33.76% to ¥21,000,000.00, primarily to support working capital needs[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,973[11]. - The largest shareholder, Weng Weiwu, holds 29.69% of the shares, amounting to 57,792,000 shares, with 33,180,800 shares pledged[11]. - The company issued 264.32 million shares of restricted stock to 76 incentive targets as part of its stock incentive plan, with the listing date on February 13, 2018[19]. Government Support and Expenses - The company received government subsidies amounting to ¥3,353,351.92 during the reporting period[8]. - The company reported a 252.74% increase in taxes and surcharges, totaling ¥875,064.00, due to higher VAT payments[15]. - The company experienced a 372.07% increase in foreign exchange losses due to fluctuations in the USD exchange rate, amounting to a loss of ¥914,246.57[17]. Investments and Costs - Operating costs rose by 129.22% to ¥132,534,625.38, attributed to the inclusion of Foshan Baorun and Shandong Xuyuan in the consolidated financial statements[15]. - The company’s cash outflow for purchasing fixed assets surged by 470.32% to ¥53,015,211.61, reflecting ongoing investment in projects[16]. - The company has provided a guarantee for its subsidiary Foshan Baorun for a bank credit limit not exceeding 40 million CNY, with a guarantee period of up to one year[21].