Financial Performance - Total revenue for Q1 2018 was ¥27,807,413.78, a decrease of 24.08% compared to ¥36,629,100.13 in the same period last year[7] - Net profit attributable to shareholders increased by 26.80% to ¥3,128,053.11 from ¥2,466,937.61 year-on-year[7] - Net profit excluding non-recurring items rose by 31.26% to ¥2,567,541.56 compared to ¥1,956,004.28 in the previous year[7] - Basic earnings per share increased by 26.84% to ¥0.0345 from ¥0.0272 year-on-year[7] - The company reported a total profit of CNY 3.62 million, up 27.49% from CNY 2.84 million in the previous year[22] - The company's net profit for Q1 2018 was CNY 3,128,053.11, an increase of 26.8% compared to CNY 2,466,937.61 in the same period last year[44] - The total comprehensive income for Q1 2018 was CNY 3,128,053.11, compared to CNY 2,466,937.61 in Q1 2017, indicating a growth of 26.8%[48] Cash Flow and Liquidity - Operating cash flow for the period was negative at -¥15,925,674.27, a decline of 60.70% from -¥9,910,265.10 in the same period last year[7] - The net cash flow from operating activities was negative at CNY -15.93 million, worsening by 60.70% from the previous year[23] - The company reported a net cash outflow from operating activities of CNY -15,925,674.27, worsening from CNY -9,910,265.10 in the same period last year[50] - The cash and cash equivalents at the end of Q1 2018 were CNY 13.33 million, down from CNY 24.92 million at the beginning of the period[35] - The company's cash and cash equivalents decreased to CNY 11,724,491.49 from CNY 21,651,577.73, a decline of 45.9%[39] - The ending cash and cash equivalents balance was 10,795,511.28 yuan, compared to 7,472,626.00 yuan at the end of the previous period, showing an increase in liquidity[54] - The company reported a cash flow net decrease of -8,237,850.80 yuan for the period, compared to -22,359,996.75 yuan in the previous period, indicating improved cash management[54] Assets and Liabilities - The company’s total assets at the end of the reporting period were ¥666,993,944.42, up 0.72% from ¥662,246,015.20 at the end of the previous year[7] - Total assets decreased by 46.51% in cash and cash equivalents, from CNY 24.92 million to CNY 13.33 million, due to higher procurement needs[20] - Current liabilities rose to CNY 82,929,377.98, compared to CNY 80,701,234.38, marking an increase of 2.8%[37] - Non-current liabilities totaled CNY 114,257,891.95, slightly down from CNY 114,866,159.45, indicating a decrease of 0.53%[37] - The company’s total liabilities decreased significantly, with accounts payable dropping by 76.64% to CNY 2.06 million[20] Revenue Breakdown - In Q1 2018, the company achieved operating revenue of CNY 27.81 million, a decrease of 24.08% compared to the same period last year[24] - Manufacturing revenue reached CNY 23.61 million in Q1 2018, an increase of 87.56% compared to the previous year[24] - The manufacturing product sales revenue increased significantly, with a growth rate of 87.56% year-on-year, while trade-related revenue dropped by 93.75%[26] - The gross profit margin for the manufacturing segment improved to 40.18%, up 20.59% from the previous year[25] - The total sales amount from the top five suppliers was CNY 23.31 million, accounting for 85.45% of total sales, slightly up from 85.24% in the previous year[25] - The total sales amount from the top five customers was CNY 18.93 million, representing 68.07% of total sales, down from 82.16% year-on-year[26] Expenses - Total operating costs for Q1 2018 were CNY 24,843,720.01, down 27.7% from CNY 34,387,391.59 year-over-year[43] - Sales expenses rose to CNY 698,852.92, up 46.5% from CNY 476,958.73 in Q1 2017[44] - Management expenses decreased to CNY 4,114,947.35, down 5.6% from CNY 4,358,973.95 in the previous year[44] - Financial expenses surged by 164.65% to CNY 1.44 million, attributed to increased bank loans compared to the previous year[22] - Financial expenses increased significantly to CNY 1,437,119.61, compared to CNY 543,018.16 in Q1 2017, reflecting a rise of 164.5%[44] Risks and Outlook - The company faces risks related to dependency on the nuclear industry and a concentrated customer base, primarily relying on a single client, China National Nuclear Corporation[10] - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[43] Other Information - The company has cumulatively invested CNY 401.40 million in fundraising projects, with no changes in the use of raised funds reported[30] - The company reported no significant changes in its core technology team or major intangible assets during the reporting period[27] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[31] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[55]
光智科技(300489) - 2018 Q1 - 季度财报