同大股份(300321) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥99,484,601.69, a decrease of 1.88% compared to ¥101,392,146.91 in the same period last year[8] - Net profit attributable to shareholders was ¥286,678.69, down 92.85% from ¥4,009,028.61 year-on-year[8] - Basic and diluted earnings per share were both ¥0.0032, a decline of 92.90% from ¥0.0451 in the same period last year[8] - The company's operating revenue for the reporting period was 99.48 million yuan, a decrease of 1.88% compared to the same period last year[24] - Net profit attributable to shareholders decreased by 92.85% to 286,700 yuan, primarily due to significant foreign exchange losses from fluctuations in the USD/RMB exchange rate[22] - The total comprehensive income attributable to the parent company for the first quarter was CNY 286,678.69, compared to CNY 4,009,028.61 in the previous period[46] Cash Flow - Net cash flow from operating activities was -¥13,628,448.18, worsening by 151.57% compared to -¥5,417,262.48 in the previous year[8] - Cash inflow from operating activities totaled CNY 95,023,305.43, an increase from CNY 61,909,032.34 in the previous period[47] - Cash outflow from operating activities was CNY 108,651,753.61, compared to CNY 67,326,294.82 in the previous period, resulting in a net cash flow from operating activities of CNY -13,628,448.18[49] - Cash outflow from investment activities was CNY 5,107,000.00, significantly reduced from CNY 97,203,341.20 in the previous period, leading to a net cash flow from investment activities of CNY -5,107,000.00[49] - The company reported a net cash flow from financing activities of CNY -1,398,967.95, indicating a decrease in cash from financing[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥728,853,472.03, an increase of 1.01% from ¥721,589,835.65 at the end of the previous year[8] - Current assets totaled CNY 365,355,204.73, up from CNY 353,567,084.62 at the start of the year, indicating a growth of 3.0%[40] - Total liabilities rose to CNY 135,713,072.75, up from CNY 128,736,115.06, which is an increase of 5.0%[42] - The company's cash and cash equivalents decreased to CNY 126,494,369.73 from CNY 149,162,294.12, a decline of 15.2%[40] Accounts Receivable and Inventory - Accounts receivable increased by 63.15% compared to the beginning of the period, raising concerns about timely collection[13] - Accounts receivable grew by 63.15% from the beginning of the year, due to increased advance payments to major customers[24] - Inventory increased to CNY 105,312,097.38, compared to CNY 94,513,686.64 at the beginning of the year, marking an increase of 11.4%[40] Expenses - Sales expenses increased by 63.16% year-on-year, mainly due to higher commissions from export business[22] - Financial expenses surged by 846.81% compared to the previous year, primarily due to foreign exchange losses[22] - Total operating costs increased to CNY 100,029,303.14, up 2.8% from CNY 97,778,317.59 year-on-year[44] Risk Management - The company faces foreign exchange risk due to fluctuations in the USD/CNY exchange rate, which could impact export profits[11] - The management team is focusing on enhancing credit management and risk control to mitigate the impact of increased accounts receivable[13] - The company aims to control exchange rate risks through forward foreign exchange settlements and financial management strategies[28] Government Support and Investments - The company reported government subsidies of ¥874,923.36 included in non-recurring gains and losses[9] - The company plans to enhance research and development investments to improve product lines and maintain competitive advantage in the market[30] Miscellaneous - The first quarter report was not audited, which may affect the reliability of the financial data presented[51] - The company has not conducted any repurchase transactions among its top shareholders during the reporting period[17] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[36]