达威股份(300535) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥71,598,078.48, representing a 2.10% increase compared to ¥70,127,917.66 in the same period last year[8] - Net profit attributable to shareholders decreased by 42.52% to ¥8,069,575.39 from ¥14,039,533.28 year-on-year[8] - Net profit excluding non-recurring items fell by 44.47% to ¥6,825,745.50 compared to ¥12,291,135.40 in the previous year[8] - Basic and diluted earnings per share decreased by 41.67% to ¥0.14 from ¥0.24 year-on-year[8] - The company achieved operating revenue of 71.60 million RMB in the first quarter, representing a 2.10% increase compared to the same period last year[22] - The net profit attributable to the parent company was 8.07 million RMB, a decrease of 42.52% year-on-year[22] - The company's operating revenue for Q1 2018 was CNY 55,170,801.66, a slight increase from CNY 54,661,402.81 in the same period last year, representing a growth of approximately 0.93%[57] - The net profit for Q1 2018 was CNY 8,068,870.29, down from CNY 14,038,529.84 in Q1 2017, indicating a decrease of about 42.4%[54] - The operating profit decreased to CNY 9,690,826.94 from CNY 15,515,243.58, reflecting a decline of approximately 37.5% year-over-year[54] - The total profit for Q1 2018 was CNY 9,677,653.77, compared to CNY 16,371,074.56 in the previous year, marking a decrease of around 40.5%[54] Cash Flow - Operating cash flow increased significantly by 3,091.35% to ¥10,199,305.68 from ¥319,591.81 in the same period last year[8] - The net cash flow from operating activities was 10.20 million RMB, a significant increase of 3091.35% compared to the previous year[21] - The cash and cash equivalents at the end of the period decreased by 31.37% to 73.44 million RMB, influenced by project payments and financial management activities[21] - The cash flow from operating activities for the previous period was CNY 64,030,404.04, up from CNY 46,659,083.21, reflecting an increase of approximately 37.1%[60] - The net cash flow from operating activities for the first quarter was ¥10,199,305.68, a significant increase from ¥319,591.81 in the previous year, representing a growth of over 3,100%[61] - The total cash inflow from operating activities reached ¥81,567,125.55, a substantial increase from ¥35,885,511.13 in the previous year, marking an increase of approximately 127%[64] - The cash outflow from operating activities totaled ¥66,532,758.23, compared to ¥39,570,815.13 in the previous year, which is an increase of about 68%[65] - The net increase in cash and cash equivalents for the period was -¥30,018,120.16, contrasting with an increase of ¥43,325,729.54 in the previous year[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥726,507,001.08, a slight increase of 0.19% from ¥725,094,320.56 at the end of the previous year[8] - Current liabilities decreased to CNY 51,084,247.34 from CNY 57,026,195.97[47] - Total liabilities decreased to CNY 56,713,706.52 from CNY 62,431,836.18[47] - Owner's equity increased to CNY 669,793,294.56 from CNY 662,662,484.38[48] - The total current assets decreased from CNY 482.92 million to CNY 466.39 million during the reporting period[45] - The accounts receivable slightly decreased from CNY 135.38 million to CNY 132.58 million[45] - The inventory increased from CNY 70.47 million to CNY 71.89 million, indicating a slight rise in stock levels[45] Investments and Projects - The company is expanding its production capacity with a new project for clean leather chemical materials, expected to significantly enhance production capabilities[11] - Construction in progress rose by 41.70% to 54.18 million RMB, mainly due to the construction of a new project for clean leather chemical materials and high-performance leather chemicals[21] - The company plans to invest 25,079 million yuan in total fundraising, with 2,275.95 million yuan invested in the current quarter[36] - The cumulative amount of raised funds invested so far is 16,140.61 million yuan[36] - The project "Clean Leather Chemical Materials and High-Performance Leather Chemicals" has a completion progress of 57.81%, with the completion date extended to December 31, 2018, due to construction delays[37] Strategic Initiatives - The company plans to deepen its penetration in the leather chemical industry and expand its international business presence[22] - The company aims to enhance its R&D efforts to increase the variety of products in the leather chemical sector[22] - The company is focusing on increasing R&D investment to enhance competitiveness and protect intellectual property[24] - The company has implemented a talent acquisition policy to strengthen human resources for future business needs[24] - A stock incentive plan was approved, granting 2.987 million shares, representing 5.00% of the company's total share capital[29] - The company established a joint venture with a registered capital of 120 million yuan, with a 35% stake[32] Financial Management - Financial expenses surged by 1379.27% to 2.06 million RMB, largely due to foreign exchange losses from USD fluctuations[21] - The company reported a net profit margin improvement, reflecting better cost management strategies[53] - The company reported a decrease in sales expenses to CNY 9,020,001.37 from CNY 7,792,571.64, which is an increase of about 15.7%[54] - The tax expenses for Q1 2018 were CNY 1,608,783.48, compared to CNY 2,332,544.72 in Q1 2017, a decrease of approximately 30.9%[54] - The company recorded other comprehensive income after tax of CNY -938,060.11, compared to CNY -127,191.31 in the previous year, indicating a significant increase in losses[55] Compliance and Governance - The company has no reported violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[40][41] - The company did not undergo an audit for the first quarter report[67]