中环环保(300692) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥50,104,613.22, representing a 45.38% increase compared to ¥34,464,750.71 in the same period last year[8] - Net profit attributable to shareholders was ¥8,089,472.57, up 12.37% from ¥7,198,721.31 year-on-year[8] - Basic earnings per share decreased by 11.11% to ¥0.08 from ¥0.09 in the previous year[8] - The company reported a total revenue of CNY 50.10 million for the period, representing a year-on-year increase of 45.38% primarily due to increased revenue from environmental engineering projects[21] - In Q1 2018, the company achieved operating revenue of 50.10 million yuan, an increase of 45.38% year-on-year[22] - The net profit attributable to shareholders was 8.09 million yuan, representing a year-on-year growth of 12.37%[22] - The net profit for the period was CNY 8,739,161.60, compared to CNY 7,724,458.63 in the previous year, reflecting an increase of approximately 13.1%[46] - The profit attributable to the parent company's shareholders was CNY 8,089,472.57, up from CNY 7,198,721.31, marking a growth of about 12.4%[46] Cash Flow and Liquidity - The net cash flow from operating activities was -¥51,890,784.22, a decline of 25.60% compared to -¥41,313,194.48 in the same period last year[8] - Cash and cash equivalents at the end of the reporting period amounted to CNY 49.60 million, an increase of 79.64% compared to the end of the previous year, mainly due to the maturity of financial products during the period[20] - Cash inflows from operating activities totaled CNY 48,158,849.30, up from CNY 30,513,921.85 in the previous period, representing a growth of approximately 57.9%[53] - Cash outflows from operating activities amounted to CNY 100,049,633.52, compared to CNY 71,827,116.33 in the previous period, indicating an increase of about 39.4%[53] - The net cash flow from investment activities was CNY 77,142,314.20, compared to CNY 9,581,626.59 in the previous period, showing a substantial increase[54] - The ending balance of cash and cash equivalents was CNY 49,604,635.50, compared to CNY 23,276,056.40 in the previous period, reflecting a significant increase[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,056,723,986.26, down 1.35% from ¥1,071,138,166.91 at the end of the previous year[8] - The company's total assets decreased to CNY 716,776,602.22 from CNY 731,320,989.97, a decline of approximately 2.0%[42] - The total liabilities decreased to 286,911,425.27 yuan from 310,064,767.52 yuan, showing a reduction of approximately 7.5%[39] - The total liabilities decreased from CNY 143,725,598.13 to CNY 128,149,530.72, representing a reduction of about 10.9%[42] - The company's equity attributable to shareholders increased to 705,558,998.78 yuan from 697,469,526.21 yuan, marking a growth of about 1.6%[39] Operational Highlights - The company's operating costs increased by 92.73% to CNY 33.22 million, attributed to a higher volume of engineering project activities[20] - The total operating costs amounted to CNY 41,189,298.50, up from CNY 26,059,600.06, indicating a rise of about 58.2%[44] - The company recorded an investment income of CNY 0.77 million, a significant increase of 893.45% year-on-year, driven by higher returns from financial investments[20] - The company reported an operating profit of CNY 12,313,718.95, an increase from CNY 8,482,433.37, which is a growth of approximately 45.5%[45] Risks and Challenges - The company faces risks related to customer concentration, with a high dependency on a few major clients, which could impact revenue stability[11] - The company is exploring new business models such as PPP in the environmental sector, which carries inherent uncertainties and risks[11] - The company is facing risks related to project delays due to government land acquisition issues[22] - Management is focused on enhancing internal controls and risk management to mitigate potential risks associated with business expansion[12] Shareholder Information - The company announced a cash dividend of 0.5 yuan per 10 shares, totaling a distribution based on 10,667,000 shares, alongside a capital reserve conversion of 5 shares for every 10 shares held[28] - The company has not experienced significant changes in its top five suppliers, which will not impact operations[22] - Changes in the top five customers occurred due to the nature of project-based contracts, leading to a dynamic customer base[22] Fund Utilization - The company has invested a total of 14.67 million yuan from the raised funds, with 2.54 million yuan invested in the current quarter[25] - The total amount of raised funds is 200.07 million yuan, with no changes in usage reported[25] - As of March 31, 2018, the company had 54.83 million yuan of unutilized raised funds, with 30 million yuan invested in financial products[27] - The company has a commitment to replace self-raised funds with raised funds amounting to approximately 94.77 million yuan[27] Compliance and Audit - The report for the first quarter was not audited[58] - The company reported no non-compliance with external guarantees during the reporting period[30] - There were no significant changes in net profit or warnings of potential losses compared to the previous year[29] - The company did not report any non-operating fund occupation by controlling shareholders or related parties during the reporting period[31]