瓦轴B(200706) - 2018 Q1 - 季度财报

Financial Performance - Revenue for the first quarter was CNY 486,916,871.06, a decrease of 14.06% compared to CNY 566,558,889.45 in the same period last year[5] - Net profit attributable to shareholders was CNY 1,020,973.46, down 48.91% from CNY 1,998,535.48 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY -1,874,291.16, a decline of 404.59% compared to CNY 615,347.36 in the previous year[5] - Basic earnings per share decreased by 40.00% to CNY 0.003 from CNY 0.005 in the previous year[5] - Net profit decreased by 48.9% to 102.1 million, with main factors being a decrease in operating profit and an increase in financial expenses[11] Cash Flow and Assets - Operating cash flow for the period was CNY 60,684,129.17, an increase of 1,636.07% from CNY 3,495,485.07 in the same quarter last year[5] - Cash and cash equivalents increased by 90.1% to 15,754.4 million, primarily due to a net cash flow from operating activities of 60.68 million[11] - Total assets at the end of the reporting period were CNY 3,219,926,745.82, a slight increase of 0.19% from CNY 3,213,772,171.61 at the end of the previous year[5] - Accounts receivable decreased by 49.3% to 10,652.1 million, mainly due to lower bill collections compared to payments made to suppliers[11] - Prepayments decreased by 32.1% to 2,148.4 million, attributed to a reduction in prepayments from certain customers[11] Shareholder Information - The largest shareholder, Wafangdian Bearing Group Co., Ltd., holds 60.61% of the shares, totaling 244,000,000 shares[8] - The second largest shareholder, Aktiebolaget SKF, holds 19.70% of the shares, totaling 79,300,000 shares[8] Non-Recurring Gains and Financial Expenses - The company reported non-recurring gains totaling CNY 2,895,264.62 for the period[6] - Financial expenses increased by 62.0% to 999.7 million, primarily due to higher discount expenses on bills and increased foreign exchange losses[11] - Other income increased by 582.0% to 191.3 million, mainly from a 1.42 million recovery of agent deposit deductions and a 0.3 million gain from debt restructuring[11] Cash Payments and Receipts - Cash paid for purchasing goods and receiving services decreased by 62.1% to 5,282.9 million, due to reduced payments to suppliers[11] - Cash received from the disposal of fixed assets decreased by 74.3% to 125.1 million, compared to 486.8 million from the sale of another property in the previous period[11] - Cash received from borrowings decreased by 32.3% to 9,000.0 million, mainly due to the impact of reverse loans[11] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents resulted in a loss of 73.5 million, reflecting a continued decline in the USD to RMB exchange rate[11] Return on Equity - The weighted average return on equity was 0.07%, down from 0.14% in the same period last year[5]