东杰智能(300486) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥96,358,321.05, a decrease of 38.70% compared to ¥157,203,784.40 in the same period last year[9] - Net profit attributable to shareholders was ¥9,698,891.07, down 34.08% from ¥14,712,774.52 year-on-year[9] - Basic earnings per share decreased by 33.62% to ¥0.0691 from ¥0.1041 in the previous year[9] - The company reported a revenue of 96.36 million RMB for the period, a decrease of 38.70% compared to the same period last year[24] - Net profit attributable to shareholders was 9.70 million RMB, down 65.92% year-on-year[24] - Total operating revenue for Q1 2018 was CNY 96,358,321.05, a decrease of 38.7% compared to CNY 157,203,784.40 in the same period last year[57] - Net profit for Q1 2018 was CNY 9,647,181.01, a decline of 33.5% compared to CNY 14,492,852.34 in Q1 2017[59] - Total comprehensive income for the period was CNY 6,402,483.05, compared to CNY 8,259,826.22 in the previous period, indicating a decrease of approximately 22.4%[62] Cash Flow and Assets - Net cash flow from operating activities was negative at -¥19,856,932.74, a decline of 1,395.63% compared to ¥1,532,613.14 in the same period last year[9] - Cash received from sales decreased by 39.74% as many projects received payment via bank acceptance bills[23] - The company's cash and cash equivalents decreased from CNY 122,562,036.21 to CNY 88,618,198.95[49] - The total cash inflow from operating activities was CNY 60,799,700.13, compared to CNY 88,753,819.45 in the previous period, marking a decline of 31.5%[68] - Cash inflows from operating activities totaled CNY 61,186,024.01, down 34.3% from CNY 93,230,471.17 in the previous period[65] - The net cash flow from operating activities was negative at CNY -19,856,932.74, contrasting with a positive CNY 1,532,613.14 in the previous period[66] - Cash outflows for investing activities amounted to CNY 23,424,698.02, significantly higher than CNY 7,533,017.24 in the previous period, resulting in a net cash flow from investing activities of CNY -21,622,402.02[66] Assets and Liabilities - Total assets increased by 34.97% to ¥1,553,255,520.42 from ¥1,150,785,645.12 at the end of the previous year[9] - The total assets as of March 31, 2018, amounted to CNY 1,553,255,520.42, an increase from CNY 1,150,785,645.12 at the beginning of the year[50] - The total liabilities decreased from CNY 489,850,732.32 to CNY 474,220,428.55 during the reporting period[51] - Total liabilities rose to CNY 454,938,924.89, compared to CNY 437,857,351.91 in the same period last year, an increase of 3.1%[55] - The company's equity attributable to shareholders increased from CNY 659,551,987.62 to CNY 1,077,303,182.85[52] Risks and Management - The company faces risks related to industry fluctuations and potential order reductions due to macroeconomic conditions[12] - There is a significant risk of large accounts receivable due to the long production and settlement cycles of contracts[13] - Management risks are heightened due to rapid expansion, necessitating improved management capabilities and internal controls[15] Investment and Projects - Long-term equity investments increased due to the acquisition of Changzhou Haiden Coating Equipment Co., Ltd., which was approved by the China Securities Regulatory Commission[21] - Non-current assets increased by 79.51% primarily due to the aforementioned acquisition[21] - The company is focusing on expanding its market presence through strategic project implementations in the Taiyuan stainless steel industrial park[34] - The company has achieved significant progress in its investment projects, with a focus on enhancing production capabilities and operational efficiency[34] Fundraising and Financial Policies - The total amount of funds raised by the company was CNY 26,403 million[33] - The company received approval from the China Securities Regulatory Commission for the issuance of shares to purchase assets and raise supporting funds on February 27, 2018[28] - The profit distribution policy emphasizes a stable return to investors, with a minimum cash dividend of 10% of distributable profits each year[38] - The company aims for cash dividends to account for at least 30% of the average distributable profits over three consecutive years[38] - The company's cash dividend policy was strictly executed during the reporting period[43]