RC(SZ:300596)2018-04-16 16:00Financial Performance - Total revenue for Q1 2018 was CNY 323,360,251.97, representing a 13.60% increase compared to CNY 284,648,109.13 in the same period last year[6]. - Net profit attributable to shareholders was CNY 35,488,367.06, up 16.41% from CNY 30,484,913.82 year-on-year[6]. - Basic earnings per share decreased by 28.83% to CNY 0.1972 from CNY 0.2771 in the previous year[6]. - The total operating revenue for the first quarter was CNY 323,360,251.97, an increase of 13.6% compared to CNY 284,648,109.13 in the same period last year[47]. - The total operating costs amounted to CNY 281,859,061.48, up from CNY 248,678,855.83, reflecting a year-over-year increase of 13.3%[47]. - The company's total profit for Q1 2018 was CNY 43,097,743.80, reflecting a growth of 20.5% from CNY 35,635,418.83 in Q1 2017[48]. - The gross profit margin improved to 11.5% in Q1 2018, compared to 10.5% in Q1 2017[51]. - The financial expenses for Q1 2018 were CNY 6,482,831.45, significantly higher than CNY 2,107,607.59 in Q1 2017, marking an increase of 208.5%[51]. Cash Flow - The net cash flow from operating activities was negative at CNY -40,978,383.50, a decline of 533.98% compared to CNY 9,442,379.59 in the same period last year[6]. - The company's cash flow from operating activities rose by 389.18% to CNY 3,870,528.72, mainly due to government subsidies and deposit refunds[23]. - Total cash inflow from operating activities was 241,126,442.49 CNY, while cash outflow was 282,104,825.99 CNY, resulting in a net cash flow deficit[55]. - The company reported a net increase in cash and cash equivalents of -58,246,682.61 CNY, contrasting with an increase of 267,992,619.80 CNY in the previous period[56]. - Cash and cash equivalents decreased from 253,954,993.34 RMB at the beginning of the period to 195,225,620.29 RMB at the end of the period, representing a decline of approximately 23%[39]. Assets and Liabilities - Total assets increased by 5.42% to CNY 1,571,572,858.55 from CNY 1,490,758,731.95 at the end of the previous year[6]. - The total liabilities increased to CNY 614,411,140.61 from CNY 569,517,464.41, representing a rise of 7.9%[41]. - The owner's equity totaled CNY 957,161,717.94, up from CNY 921,241,267.54, marking a growth of 3.9%[42]. - Accounts receivable increased from 197,395,977.95 RMB to 218,560,596.83 RMB, indicating a growth of about 10.6%[39]. - Inventory rose from 282,319,338.80 RMB to 330,211,858.12 RMB, reflecting an increase of approximately 17%[39]. Investments and Projects - The company received government subsidies amounting to CNY 635,050.04 during the reporting period[7]. - The company approved the first employee stock ownership plan on March 22, 2018, to enhance employee engagement and align interests with shareholders[25]. - The project for the expansion of the antioxidant production facility has not yet commenced, with 0% progress reported[30]. - The second phase of the UV absorber project has achieved 93.33% completion, with RMB 5.96 million invested to date[30]. - The new R&D center project has only reached 14.08% completion, with RMB 319.49 million invested[30]. Risks and Challenges - The company faced risks related to raw material cost fluctuations, which significantly impact production costs[9]. - The company reported an increase in accounts receivable, raising concerns about potential collection risks due to economic changes[10]. - The company is experiencing management challenges due to rapid business expansion, necessitating a higher demand for skilled personnel[10]. Profit Distribution - The adjusted profit distribution plan for 2017 proposes a cash dividend of RMB 1.09 per 10 shares, totaling RMB 19,620,000, based on a total share capital of 180,000,000 shares[26]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[35][36].