节能环境(300140) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was CNY 248,209,938.49, representing a 36.03% increase compared to CNY 182,470,844.37 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 25,302,058.23, which is an increase in loss of 85.25% from a loss of CNY 13,658,341.45 in the previous year[7] - The basic earnings per share for the reporting period was -CNY 0.0733, reflecting an 85.10% increase in loss compared to -CNY 0.0396 in the same period last year[7] - The company reported a net loss attributable to shareholders of RMB 25.30 million, an 85.25% increase in loss compared to RMB 13.66 million in the same period last year[20] - The company's operating revenue for Q1 2018 was CNY 11,937,085.38, a decrease from CNY 35,133,716.71 in the same period last year, representing a decline of approximately 66.0%[55] - The net loss for Q1 2018 was CNY 25,973,421.72, compared to a net loss of CNY 13,928,887.43 in Q1 2017, indicating an increase in losses of about 86.5%[52] - The total profit for Q1 2018 was CNY -23,986,494.65, compared to CNY -13,187,689.82 in the previous year, indicating a worsening financial position[52] Cash Flow - The net cash flow from operating activities was a negative CNY 55,411,047.93, improving by 52.32% from a negative CNY 116,208,946.82 in the same period last year[7] - The company's cash flow from operating activities improved, with a net cash flow of RMB -55.41 million, a 52.32% reduction in outflow compared to RMB -116.21 million in the previous year[21] - Total cash inflow from operating activities was 412,297,516.67 CNY, compared to 205,359,316.06 CNY in the previous year, showing a significant increase of 100.5%[59] - The cash outflow for purchasing goods and services was 269,125,723.91 CNY, which is an increase of 75.1% from 153,504,898.77 CNY year-over-year[59] - The cash inflow from other financing activities was 1,099,042.29 CNY, a decrease of 54.5% from 2,419,262.50 CNY in the previous year[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,827,334,885.64, up 4.90% from CNY 3,648,620,694.14 at the end of the previous year[7] - Current liabilities rose to CNY 2,275,943,402.93 from CNY 2,072,309,004.20, marking an increase of about 9.8%[45] - The total liabilities reached CNY 2,347,857,925.42, compared to CNY 2,143,436,508.80, which is an increase of approximately 9.5%[45] - The total equity attributable to shareholders decreased to CNY 1,300,788,166.56 from CNY 1,326,033,772.77, a decline of about 1.9%[46] Investments and Expenditures - The company has invested a total of ¥61,969 million in fundraising, with ¥2,541.67 million utilized in the current quarter[30] - The company plans to invest RMB 29.61 million in expanding the capacity of flat plate radiators, with a budget adjustment from RMB 4.95 million[32] - The company reported a total investment of RMB 4.90 million for land acquisition related to development projects, exceeding the committed investment amount by RMB 3.98 million[32] - The company has allocated RMB 8.80 million for working capital supplementation through excess raised funds[32] Shareholder Information - The top shareholder, China Qiyuan Engineering Design Research Institute Co., Ltd., holds 21.10% of the shares, totaling 72,840,000 shares[12] - The proposed cash dividend is CNY 0.50 per share, totaling CNY 17,257,735.30, based on a total share capital of 345,154,706 shares[35] Operational Highlights - The new environmental equipment business generated sales revenue of over RMB 70 million during the reporting period, significantly contributing to the overall revenue[22] - The company's gross profit from air pollution reduction and electrical equipment businesses remained stable compared to the previous year, while catalyst business revenue and profit saw substantial growth[22] - Management and sales expenses increased due to the need for new business development and technology reserves, with R&D expenses rising by over RMB 5 million[22] - Financial expenses grew by over RMB 6 million, primarily due to an increase in loans from financial institutions[22] Risk Factors - The company reported a significant seasonal risk in cash flow due to the nature of its business, with most project revenues recognized in the second half of the year[10] - The company has faced delays in project approvals, impacting expected benefits from the new factory construction[31]