力星股份(300421) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was CNY 162,938,123.20, an increase of 7.25% compared to CNY 151,918,140.53 in the same period last year[7]. - Net profit attributable to shareholders was CNY 18,032,265.53, reflecting a growth of 2.18% from CNY 17,647,804.27 year-on-year[7]. - Net profit excluding non-recurring gains and losses increased by 21.29% to CNY 17,025,557.45 from CNY 14,037,278.78 in the previous year[7]. - The company achieved operating revenue of 162.94 million yuan, an increase of 7.25% compared to the same period last year[24]. - The net profit attributable to shareholders was 18.03 million yuan, up 2.18% year-on-year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 17.03 million yuan, reflecting a growth of 21.29% year-on-year[24]. - The company reported a total comprehensive income for Q1 2018 of CNY 18,032,265.53, compared to CNY 17,647,804.27 in the previous year, indicating a slight increase[48]. Cash Flow and Liquidity - Net cash flow from operating activities surged by 813.59% to CNY 14,424,115.32, compared to a negative cash flow of CNY -2,021,352.27 in the same period last year[7]. - The company's cash and cash equivalents decreased from 153,461,414.60 yuan to 110,597,480.39 yuan during the reporting period[36]. - Cash and cash equivalents decreased to CNY 70,580,243.80 from CNY 113,406,072.64, a decline of 37.7%[40]. - The ending cash and cash equivalents balance was 70,580,243.80, an increase from 41,008,102.45 in the previous period[57]. - The company reported a total cash outflow of 96,932,177.66 from operating activities, down from 133,460,148.65, a decrease of approximately 27.4%[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,491,719,101.07, a decrease of 1.67% from CNY 1,517,109,434.65 at the end of the previous year[7]. - The company's total assets as of the end of Q1 2018 were CNY 1,449,428,338.56, slightly up from CNY 1,443,126,215.81 at the beginning of the year[41]. - The total liabilities decreased to CNY 288,271,632.21 from CNY 297,133,244.86, indicating a reduction of approximately 3%[42]. - The equity attributable to shareholders of the parent company increased to CNY 1,161,156,706.35 from CNY 1,145,992,970.95, marking a growth of 1.3%[42]. Investments and Projects - The company completed the acquisition of 100% equity in Lixing Jinyan, expanding its asset scale and business scope[11]. - The company is investing in projects such as a new annual production of 16,000 tons of precision tapered roller project and an 8,000-ton bearing steel ball project in its American subsidiary[9]. - The new precision cone roller project has a total investment of 27 million yuan, with 15.80 million yuan already invested, achieving 17.26% of the planned progress[27]. - The acquisition of 100% equity in Fenghua Jinyan Steel Ball Co., Ltd. is nearly complete, with 99.74% of the investment already realized[27]. - The company has invested a total of 24.73 million yuan from the raised funds, with a cumulative change in purpose amounting to 11.20 million yuan, representing 20.23% of the total[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,695[12]. - The company reported a cash dividend of 2.7 yuan per 10 shares, totaling 36,059,765.49 yuan distributed to shareholders[29]. - The company plans to implement a shareholder return plan for the next three years (2018-2020) to actively reward shareholders[30]. Operational Efficiency - Accounts receivable decreased by 38.56% compared to the beginning of the period, mainly due to payments made to suppliers[21]. - Taxes payable decreased by 40.28% compared to the beginning of the period, primarily due to a reduction in corporate income tax[21]. - Other payables decreased by 40.5% compared to the beginning of the period, mainly due to payments related to the acquisition of a wholly-owned subsidiary[21]. - The total sales amount of the top five suppliers was 68.99 million yuan, accounting for 29.36% of the annual total sales[23]. - The total sales amount of the top five customers was 34.34 million yuan, representing 21.09% of the annual total sales[23]. - The company maintains its focus on quality, talent, cost, market, innovation, and safety as part of its operational strategy[23]. Research and Development - The company is currently implementing multiple important R&D projects, including the development of environmentally friendly grinding processes for wind power steel balls and precision rolling body automation[24].