晶盛机电(300316) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 reached ¥565,578,199.77, an increase of 53.25% compared to ¥369,064,928.30 in the same period last year[8] - Net profit attributable to shareholders was ¥135,428,903.21, up 122.85% from ¥60,772,509.93 year-on-year[8] - Basic earnings per share increased to ¥0.14, representing a growth of 133.33% compared to ¥0.06 in the previous year[8] - The company's operating revenue for the reporting period was CNY 565,578,199.77, an increase of 53.25% compared to the same period last year, primarily due to an increase in executed orders[23] - The company achieved operating revenue of CNY 565.58 million, a year-on-year increase of 53.25%, and a total profit of CNY 153.85 million, up 128.10%[27] - Total operating revenue for the current period reached CNY 565.58 million, compared to CNY 369.06 million in the previous period, marking a significant increase[61] - Total operating costs for the current period were CNY 420.75 million, up from CNY 309.13 million in the previous period[61] - The company's operating profit for the current period was CNY 154.14 million, compared to CNY 62.85 million in the previous period[61] Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥142,615,914.83, a decline of 63.29% from -¥87,340,578.03 in the same period last year[8] - The net cash flow from operating activities for the reporting period was -CNY 142.62 million, a decrease of 63.29% year-on-year, despite an increase of CNY 204.95 million in cash received from sales[25] - The net cash flow from investing activities was -CNY 227.94 million, a decrease of 484.88% year-on-year, with cash received from investments increasing by CNY 196 million[26] - The net cash flow from financing activities was CNY 97.99 million, a 354.34-fold increase year-on-year, primarily due to an increase of CNY 99.50 million in cash received from borrowings[26] - The company reported a net cash outflow from investing activities of -¥227,939,703.97, compared to a net inflow of ¥59,223,878.23 in the same period last year[69] - Cash and cash equivalents at the end of the period were ¥516,759,422.21, down from ¥971,275,096.17 at the end of the previous year[69] - The company received cash from sales of goods and services amounting to ¥420,719,206.72, significantly higher than ¥215,765,057.73 in the previous year[67] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,078,624,261.73, a slight increase of 1.04% from ¥6,016,196,064.44 at the end of the previous year[8] - The company's long-term equity investments at the end of the reporting period reached CNY 250,014,002.56, a significant increase of 1373.09 times, attributed to payments for equity investments in a joint venture[21] - The company's short-term borrowings at the end of the reporting period were CNY 175,580,000.00, an increase of 130.78% from the beginning of the year, due to increased bank loans for working capital[21] - The company's total liabilities decreased from CNY 2.32 billion at the beginning of the period to CNY 2.25 billion as of March 31, 2018[56] - The total equity attributable to shareholders increased from CNY 3.57 billion at the beginning of the period to CNY 3.70 billion as of March 31, 2018[56] Research and Development - The company has developed new products in the photovoltaic, semiconductor, and LED sectors, including intelligent equipment and new sapphire crystal growth furnaces[10] - The company successfully developed key technologies for large-size semiconductor-grade silicon single crystal growth equipment and high-efficiency solar module automatic stacking machines, achieving international advanced levels[31] - The company launched new products at the SEMICON China exhibition, including a 6-12 inch semiconductor-grade single crystal silicon rod grinding machine, enhancing automation and production efficiency[32] Future Outlook and Plans - The company expects a net profit attributable to shareholders for the first half of 2018 to be between CNY 269.22 million and CNY 311.73 million, representing a year-on-year increase of 90% to 120% compared to CNY 141.70 million in the same period last year[48] - The significant increase in net profit is attributed to a substantial rise in orders for crystal growth equipment due to growth in the photovoltaic industry and expansion by downstream manufacturers[48] - The company plans to expand the production of 300 multi-crystalline ingot furnaces, with an investment of 29,186.00 million CNY, and has achieved a progress rate of 109.40%[40] - The annual production capacity for sapphire crystal rods is set at 25 million mm, with a total investment of 24,000.00 million CNY, achieving 100.00% progress[40] - The company plans to produce 12 million sapphire wafers annually and has allocated RMB 12,800.00 million for this project[42] Shareholder Information - The company plans to distribute cash dividends of RMB 98,492,608.00, amounting to RMB 1.00 per 10 shares, pending shareholder approval[46] - The company has not reported any significant changes in its profit distribution policy during the reporting period[45]