先锋新材(300163) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥130,742,061.78, a decrease of 27.42% compared to ¥180,129,139.88 in the same period last year[8] - Net profit attributable to shareholders was -¥12,168,280.90, representing a 1,028.70% increase in losses compared to -¥1,078,080.30 in the previous year[8] - Basic and diluted earnings per share were both -¥0.0260, reflecting a 1,028.70% increase in losses from -¥0.0020 per share in the same period last year[8] - The net profit attributable to the parent company was -12,168,280.90 CNY, compared to -1,078,080.30 CNY in the previous period, indicating a significant decline[45] - Net profit for Q1 2018 was a loss of CNY 14,527,757.95, compared to a loss of CNY 3,915,754.38 in the same period last year[44] - The total comprehensive income for the current period was -21,366,369.08 CNY, compared to 583,092.53 CNY in the previous period[45] Cash Flow - Net cash flow from operating activities was -¥28,537,585.33, a 26.42% increase in outflow compared to -¥22,574,320.83 in the previous year[8] - Operating cash flow for the first quarter was negative at -32,382,562.08 RMB, compared to a positive 15,442,308.89 RMB in the previous period[55] - Total cash inflow from operating activities was 63,145,499.22 RMB, while total cash outflow was 95,528,061.30 RMB[55] - Cash flow from operating activities was -28,537,585.33 CNY, worsening from -22,574,320.83 CNY in the previous period[52] - The company reported a cash flow net increase of -6,682,293.41 RMB for the period[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,015,063,885.43, a decrease of 0.75% from ¥1,022,750,648.90 at the end of the previous year[8] - Current assets totaled CNY 503,759,881.84, an increase from CNY 476,468,922.41 at the beginning of the period[39] - Total liabilities reached CNY 347,566,350.00, up from CNY 328,202,218.95 at the start of the year[38] - The company's total equity attributable to shareholders was CNY 664,200,127.38, down from CNY 687,821,302.20[38] - Cash and cash equivalents decreased to CNY 19,237,571.65 from CNY 29,627,653.15[39] Operational Risks - The company reported a significant increase in foreign exchange losses during the reporting period, impacting profitability due to fluctuations in the RMB/USD exchange rate[12] - The company faces market risks related to production capacity and customer demand variability, which may affect overall capacity release[10] - The company is experiencing human resource risks due to a tight supply of skilled labor and increasing labor costs, impacting production capacity[11] - The company has made technical preparations and capacity investments for new energy-saving products in response to domestic policy directions, but faces risks of policy delays and standard changes[13] Financial Management - Short-term borrowings rose by 31,063,170.91 yuan, an increase of 347.40%, primarily due to increased short-term loans from banks[19] - Financial expenses increased by 5,686,875.56 yuan, up 842.79% year-on-year, mainly due to foreign exchange losses[20] - The financial expenses increased to 3,124,661.43 CNY from 2,027,763.99 CNY, representing a rise of about 54%[48] - Deferred tax assets increased by 4,393,667.39 yuan, up 46.93% from the beginning of the year, mainly due to the increase in bad debt provisions[19] Market Strategy - The company plans to strengthen market research and improve resource allocation capabilities to mitigate market risks[25] - The company has not experienced any significant changes that would affect the execution of its annual business plan[25]