开山股份(300257) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 reached ¥592,155,817.55, an increase of 17.44% compared to ¥504,227,118.02 in the same period last year[9] - Net profit attributable to shareholders was ¥27,080,067.76, representing a 50.60% increase from ¥17,981,796.42 year-on-year[9] - Net profit excluding non-recurring items was ¥25,673,528.69, up 45.38% from ¥17,659,141.00 in the previous year[9] - Basic earnings per share increased to ¥0.03, a 50.00% rise from ¥0.02 in the same period last year[9] - Operating profit reached 3,191.58 million RMB, an increase of 25.69% compared to the same period last year[20] - Net profit attributable to shareholders of the parent company was 2,708.01 million RMB, up 50.6% year-on-year[20] - Net profit for Q1 2018 was ¥26,366,570.57, representing a 39.2% increase from ¥18,917,591.29 in Q1 2017[37] - The profit attributable to the parent company's shareholders was ¥27,080,067.76, compared to ¥17,981,796.42 in the previous year, marking a growth of 50.5%[37] - Earnings per share (EPS) for Q1 2018 was ¥0.03, up from ¥0.02 in Q1 2017[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,352,214,048.41, reflecting a 6.17% increase from ¥5,983,242,368.04 at the end of the previous year[9] - Total liabilities reached CNY 3,004,370,034.31, up from CNY 2,601,963,865.88, which is an increase of approximately 15.5%[30] - Total liabilities increased to ¥1,650,515,584.34 from ¥1,490,963,214.01, indicating a rise of 10.7%[37] - The company's total liabilities to total assets ratio is approximately 47.2%, indicating a moderate leverage position[30] - Short-term borrowings rose by 33.12% to 453,516,200.00 RMB, reflecting an increase in short-term financing[18] - Long-term borrowings increased by 36.23% to 759,721,459.86 RMB, indicating a rise in long-term debt[18] - Total equity reached ¥3,166,810,148.39, slightly up from ¥3,157,951,573.55, showing a growth of 0.3%[37] Cash Flow - The company reported a net cash flow from operating activities of ¥9,629,628.37, down 58.94% from ¥23,453,019.72 in the previous year[9] - Operating cash inflow totaled CNY 740,936,172.81, an increase from CNY 534,940,254.82 in the previous period, representing a growth of approximately 38.6%[44] - Net cash flow from operating activities was CNY 9,629,628.37, down from CNY 23,453,019.72, indicating a decline of about 58.9%[45] - Cash outflow from investing activities was CNY 251,427,515.67, compared to CNY 158,763,911.31 in the previous period, reflecting an increase of approximately 58.3%[45] - Net cash flow from financing activities was CNY 354,618,853.71, a significant improvement from a net outflow of CNY 15,252,758.52 in the previous period[45] - The ending balance of cash and cash equivalents was CNY 560,845,200.46, down from CNY 814,163,682.17, a decrease of about 30.9%[45] Operational Highlights - The company is expanding into overseas geothermal power markets, facing potential political and policy risks[11] - The company aims to enhance its risk management capabilities and develop emergency response plans for overseas projects[11] - The company is focusing on attracting professional talent and improving management processes to support its rapid expansion[12] - Financial costs are expected to rise due to significant upfront investments in overseas geothermal projects, with efforts to mitigate risks associated with currency fluctuations[12] - The company is focusing on expanding its geothermal power market, successfully completing projects in the U.S. and Hungary[19] - The company is innovating with a new geothermal power technology, recognized in overseas markets, enhancing its competitive edge[19] - The company plans to continue increasing R&D investment and team building to support its strategic transformation towards renewable energy[19] Inventory and Receivables - Prepayments increased by 65.97% to 53,725,328.09 RMB due to higher procurement payments[18] - Inventory rose to CNY 968,527,712.03 from CNY 878,165,982.64, reflecting a significant increase of approximately 10.3%[28] - Accounts receivable increased to CNY 647,512,314.12 from CNY 596,228,390.90, showing a growth of about 8.6%[28] - The cash and cash equivalents decreased to CNY 809,792,736.67 from CNY 863,714,521.89, a decline of approximately 6.2%[28]