安车检测(300572) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥82,244,273.84, representing a 17.20% increase compared to ¥70,171,577.85 in the same period last year[8] - Net profit attributable to shareholders was ¥14,749,029.75, a significant increase of 117.95% from ¥6,767,028.95 year-on-year[8] - Net profit after deducting non-recurring gains and losses reached ¥11,767,012.84, up 76.78% from ¥6,656,321.05 in the previous year[8] - Basic earnings per share increased to ¥0.2193, reflecting a growth of 116.06% compared to ¥0.1015 in the same period last year[8] - Operating profit for the current period was ¥17,780,895.21, representing a significant increase of 120.9% from ¥8,070,659.46 in the previous period[65] - The total profit for the current period was ¥17,945,582.80, up from ¥8,200,796.53 in the previous period, marking a growth of 118.9%[65] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥25,479,299.70, a decline of 227.82% from ¥19,933,248.31 in the previous year[8] - Cash flow from operating activities was ¥93,448,797.36, a decrease from ¥109,459,692.00 in the previous period[71] - The ending balance of cash and cash equivalents was 364,694,690.36 CNY, down from 537,966,288.98 CNY in the previous period[73] - Cash and cash equivalents decreased by 32.21% to 364.69 million yuan, primarily due to investments in financial products[42] - Total assets at the end of the reporting period were ¥1,089,229,153.70, a decrease of 0.84% from ¥1,098,484,208.68 at the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 3,753[19] - The largest shareholder, He Xian Ning, holds 27.88% of the shares, amounting to 18,748,800 shares, with 3,700,000 shares pledged[19] - The second-largest shareholder, Shenzhen Chejia Investment Co., Ltd., holds 13.94% of the shares, totaling 9,374,400 shares[19] - The cash dividend distributed to shareholders for the fiscal year 2017 was CNY 16,813,500, with a distribution of CNY 2.50 per 10 shares[49] Risks and Market Conditions - The company faces risks related to changes in mandatory vehicle inspection policies that could impact market demand for its services[11] - The company is also at risk from potential changes in vehicle inspection standards that may require technological upgrades and new product development[13] - The company is subject to risks from potential changes in macroeconomic conditions that could affect vehicle sales and ownership growth[17] - The demand for vehicle inspection services is directly influenced by the number of vehicles in use, which is linked to macroeconomic conditions[17] Operational Developments - The company has a robust accounting policy for accounts receivable, with sufficient provisions for bad debts, minimizing the risk of significant losses[15] - Most accounts receivable are aged within one year, with good customer creditworthiness, reducing the likelihood of bad debt losses[15] - Significant R&D projects include the development of a cloud management platform for vehicle inspection institutions, which is expected to enhance future growth[43] - The company has developed a data monitoring platform based on IoT architecture to enhance data accuracy and reliability in equipment operation[44] - The company has completed the development of a large-tonnage brake test platform to expand its product offerings in the testing line sector[44] Investment and Financing - The company has invested CNY 20,224.92 million in fundraising projects, with no funds utilized in the current quarter[47] - The company has not achieved any progress in the fundraising projects, including the vehicle inspection system capacity expansion project and the R&D center construction project, which are still under construction[48] - Total cash inflow from investment activities amounted to 353,459,250.00 CNY, while cash outflow was 352,934,145.52 CNY, resulting in a net cash flow of 525,104.48 CNY[73] Liabilities and Equity - Total liabilities decreased from ¥539,335,031.36 to ¥514,626,586.01, a decline of about 4.6%[58] - Owner's equity increased from ¥559,149,177.32 to ¥574,602,567.69, an increase of about 2.8%[59] - Unallocated profits rose from ¥193,911,648.81 to ¥208,660,678.56, an increase of approximately 7.5%[59]