万里马(300591) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥97,312,506.20, representing an increase of 28.74% compared to ¥75,586,079.85 in the same period last year[7]. - Net profit attributable to shareholders was -¥4,889,871.13, a decline of 106.42% from -¥2,368,885.35 year-on-year[7]. - The basic and diluted earnings per share were both -¥0.0157, reflecting a 58.59% increase in loss per share compared to -¥0.0099 last year[7]. - The company achieved operating revenue of ¥97,312,506.20 in Q1 2018, representing a year-on-year growth of 28.74%[23]. - The net profit attributable to shareholders was -¥4,889,871.13, a decline of 106.42% compared to the same period last year, primarily due to increased sales, management, and financial expenses[23]. - The company's operating profit for Q1 2018 was CNY -4,509,690.97, worsening from CNY -1,481,755.71 in the previous year[44]. - The net profit for Q1 2018 was a loss of CNY 4,454,257.72, compared to a loss of CNY 1,205,568.26 in the same period last year, indicating a significant decline in profitability[44]. - The total comprehensive income for Q1 2018 was CNY -4,454,257.72, compared to CNY -1,205,568.26 in Q1 2017[45]. Cash Flow - Net cash flow from operating activities improved to ¥37,897,758.15, compared to -¥72,788,146.62 in the previous year, marking a significant turnaround[7]. - Operating cash inflow increased by 79.23% to ¥223,790,468.37 attributed to higher sales collections[21]. - The net cash flow from operating activities was ¥40,128,291.99, compared to a negative ¥73,459,942.80 in the previous period[52]. - Total cash inflow from operating activities amounted to ¥218,750,865.82, while cash outflow was ¥178,622,573.83, resulting in a net increase of ¥40,128,291.99[52]. - The ending balance of cash and cash equivalents was ¥178,008,298.44, a decrease from ¥179,175,456.26 in the previous period[53]. - Cash received from sales of goods and services was CNY 219,054,686.72, compared to CNY 111,807,226.44 in the previous year, indicating a strong growth in cash flow from operations[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,019,302,996.52, a slight increase of 0.07% from ¥1,018,583,520.79 at the end of the previous year[7]. - Accounts receivable decreased by 31.65% to ¥224,974,141.90 due to increased collections[21]. - Total current assets decreased to 750,896,784.52 RMB from 814,539,550.15 RMB, reflecting a decline of approximately 7.8%[32]. - Current liabilities decreased to CNY 535,432,066.82 from CNY 563,418,557.48[38]. - Total equity amounted to CNY 458,872,087.02, down from CNY 463,326,344.74[38]. Costs and Expenses - Material costs accounted for 64.36% of production costs in Q1 2018, down from previous years, indicating improved cost management[11]. - Total operating costs amounted to CNY 102,234,018.81, up from CNY 78,231,152.65 in the prior period[40]. - The cost of goods sold was CNY 72,276,793.20, up from CNY 52,934,238.30, reflecting a 36.8% increase year-over-year[44]. - Financial expenses increased by 342.92% to ¥2,303,669.42 due to higher loan amounts[21]. - The financial expenses increased to CNY 2,305,114.73 from CNY 493,624.93, marking a significant rise of 366.5%[44]. Investments and Acquisitions - The company acquired a 34.62% stake in Guangzhou Chaoqi E-commerce Co., increasing its ownership to 51%, enhancing its online and offline sales network[24]. - The total amount of raised funds was ¥15,108.85 million, with ¥7,262.75 million invested in the current quarter[26]. - Cumulative investment from raised funds reached ¥12,243.9 million, with 48.07% of the funds having their purposes changed[26]. - The company has adjusted the use of 7,262.75 million RMB from the marketing network expansion project to acquire a 34.62% stake in Guangzhou Chaoqi E-commerce Co., Ltd.[27]. Market and Operational Strategy - The company is focusing on enhancing brand value and core competitiveness to mitigate risks from economic downturns[10]. - The company is currently fulfilling contracts with major clients, including China Southern Airlines and Nanchang Railway Bureau[23]. - The company is focused on integrating new retail strategies to enhance its market presence and operational efficiency[24]. - The company has established a strong R&D team to adapt to changing consumer preferences and market trends in the leather goods industry[14]. - The company has identified potential risks that may adversely affect future operations and is preparing specific measures to address these risks[24].