Flagchem(SZ:300575)2018-04-25 16:00Financial Performance - Total revenue for Q1 2018 reached ¥415,131,216.93, an increase of 28.51% compared to ¥323,024,218.17 in the same period last year[9]. - Net profit attributable to shareholders decreased by 13.32% to ¥33,761,912.27 from ¥38,948,140.50 year-on-year[9]. - Basic earnings per share fell by 13.21% to ¥0.46 from ¥0.53 in the same period last year[9]. - The company achieved operating revenue of 415.13 million yuan, an increase of 28.51% compared to the same period last year[21]. - The net profit attributable to shareholders was 33.76 million yuan, a decrease of 13.32% year-on-year[21]. - The total operating revenue for the first quarter of 2018 was CNY 415,131,216.93, an increase of 28.6% compared to CNY 323,024,218.17 in the same period last year[48]. - The net profit for the first quarter was CNY 33,761,912.27, a decrease of 13.2% from CNY 38,948,140.50 in the previous year[49]. Cash Flow and Liquidity - Net cash flow from operating activities showed a significant decline, with a net outflow of ¥61,541,807.60, representing a 419.28% increase in cash outflow compared to ¥-11,851,332.07 in the previous year[9]. - The cash flow from investing activities showed a net outflow of 108.43 million yuan, a 477.75% increase due to ongoing new project investments[20]. - The company reported a cash inflow from operating activities of CNY 308,467,994.58, compared to CNY 199,531,170.31 in the previous year[57]. - The investment activities resulted in a net cash outflow of CNY -108,430,078.05, compared to CNY -18,767,693.35 in Q1 2017[58]. - The financing activities generated a net cash inflow of CNY 61,030,847.56, contrasting with a net outflow of CNY -54,997,445.98 in the same period last year[58]. - The ending balance of cash and cash equivalents decreased to ¥327,870,491.59 from ¥345,147,894.04 in the previous period[62]. Assets and Liabilities - Total assets increased by 10.50% to ¥1,902,068,078.77 from ¥1,721,254,589.49 at the end of the previous year[9]. - Accounts receivable increased by 48.20% to 297.53 million yuan due to increased sales activities[20]. - Inventory rose to RMB 220.88 million, compared to RMB 177.49 million, reflecting an increase of about 24.4%[40]. - The total liabilities increased to CNY 629,344,600.43, up 26.4% from CNY 498,080,920.29 at the start of the year[46]. - The company's short-term borrowings increased to RMB 201.20 million from RMB 137.74 million, which is an increase of about 46.0%[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,159[13]. - The largest shareholder, Wu Yaojun, holds 30.10% of the shares, with 22,075,900 shares pledged[13]. Risks and Challenges - Major risks identified include raw material supply and price volatility, exchange rate risks, and environmental protection risks[11]. - The company reported a significant reliance on raw materials, with costs constituting a large portion of operating expenses, impacting gross margins and profitability due to price fluctuations[25]. - Environmental protection and safety management measures are in place to address potential risks associated with the pesticide production process[25]. Investment and Capital Expenditure - Capital expenditures for new projects in Nanjing and Huai'an are expected to lead to increased depreciation and operational costs, potentially affecting profitability in the near term[26]. - The company has raised a total of 36,548.01 million CNY in funds, with 3,800.13 million CNY invested in the current quarter[31]. - Cumulative changes in the use of raised funds amount to 25,550.77 million CNY, with 69.91% of the funds already utilized[32]. - The R&D center project has seen 39.33% of its budget utilized, with 1,966.5 million CNY spent to date[32]. Dividend Information - The total cash dividend for the fiscal year 2017 is RMB 23.472 million, with a distribution of RMB 3.20 per 10 shares based on a total of 73.35 million shares[34].