森远股份(300210) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥97,894,268.38, a decrease of 20.76% compared to ¥123,545,444.52 in the same period last year[8] - Net profit attributable to shareholders was ¥18,106,850.30, down 16.53% from ¥21,693,817.70 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥13,317,712.50, a decline of 34.48% from ¥20,325,641.90 in the previous year[8] - Operating profit for the period was RMB 19.53 million, down 20.04% from RMB 24.43 million year-on-year[18] - Net profit attributable to ordinary shareholders was RMB 18.11 million, a decrease of 16.53% from RMB 21.69 million in the previous year[20] - The company reported a net profit increase, with retained earnings rising from 568,585,290.35 to 586,580,445.13, an increase of approximately 3.0%[37] - The gross profit margin for the quarter was approximately 18.5%, down from the previous year's margin[43] Cash Flow - The net cash flow from operating activities was -¥64,496,618.41, a significant decrease of 209.95% compared to ¥58,657,705.60 in the same period last year[8] - Cash flow from operating activities decreased by 209.95% compared to the same period last year, primarily due to increased procurement payments and tightened credit policies from suppliers[18] - Operating cash inflow totaled CNY 103,600,175.94, down 29.9% from CNY 147,764,984.48 in the previous period[50] - Operating cash outflow increased to CNY 168,096,794.35, compared to CNY 89,107,278.88 in the previous period, resulting in a net cash flow from operating activities of -CNY 64,496,618.41[51] - The company reported a decrease in cash flow from operating activities, indicating potential challenges in revenue generation[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,276,379,044.41, down 3.61% from ¥2,361,628,360.78 at the end of the previous year[8] - Total current assets decreased from 1,370,173,290.81 to 1,264,315,285.72, a decline of approximately 7.7%[34] - Cash and cash equivalents decreased from 425,058,226.81 to 249,104,319.45, a reduction of about 41.3%[34] - Total liabilities decreased from 1,055,686,592.08 to 952,456,101.01, a decline of about 9.8%[36] - The company's total liabilities decreased to CNY 1,088,640,051.83 from CNY 1,160,039,074.67[43] Investments and Projects - The investment in the large-scale asphalt pavement regeneration maintenance equipment manufacturing project reached 10,935.22 million RMB, achieving 100% of the committed investment[25] - The technology research and development center construction project has utilized 3,126.48 million RMB, exceeding the planned investment by 104.22%[25] - The marketing service center construction project has utilized 2,068.0 million RMB, achieving 68.94% of the planned investment[25] - The company has invested 4,776,900 yuan in the multi-functional laser bridge and road detection vehicle project, with ongoing construction of the factory[26] Competition and Market Conditions - The company is facing increased competition in the manufacturing sector, particularly in the market for road maintenance equipment, which may intensify due to strong demand for recycling-oriented maintenance equipment[10] - The company has not reported any new product launches or significant market expansion strategies during this quarter[43] Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.12 yuan per share, totaling 5,810,639.44 yuan, based on a total share capital of 48,421,995.53 shares[28] - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[30] Risk Management - The company plans to address risks and operational difficulties as outlined in the "Major Risk Warning" section of its basic information[21] - The proportion of accounts receivable to total assets has continued to increase, indicating potential risks related to bad debts and cash flow[12] Other Financial Metrics - The company reported a 74.31% decrease in income tax expenses, mainly due to reduced operating profits[18] - Earnings per share remained stable at CNY 0.04 for both the current and previous periods[44]