创源股份(300703) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥143,082,757.98, a decrease of 2.37% compared to ¥146,556,677.26 in the same period last year[7] - Net profit attributable to shareholders was ¥1,763,095.32, down 89.87% from ¥17,401,964.80 year-on-year[7] - Basic earnings per share decreased by 93.10% to ¥0.02 from ¥0.29 in the same period last year[7] - The company reported a 84.92% decrease in income tax expenses to RMB 595,087.64, correlating with a reduction in total profit[20] - The company recorded a total operating loss of CNY -862,946.88, contrasting with an operating profit of CNY 17,335,178.50 in the previous year[47] - The company’s total comprehensive income for Q1 2018 was CNY 44,155.53, a stark decrease from CNY 15,467,327.48 in the same quarter last year[48] Cash Flow and Liquidity - Net cash flow from operating activities was -¥48,552,041.61, a decline of 358.70% compared to ¥18,767,706.91 in the previous year[7] - Cash and cash equivalents decreased by 40.85% from RMB 143.71 million to RMB 84.99 million due to payments for salaries, bonuses, and loan repayments[19] - The company's cash and cash equivalents decreased from ¥143,710,980.24 at the beginning of the period to ¥84,997,994.34 at the end, representing a decline of approximately 40.5%[35] - The net cash flow from operating activities was -38,929,904.09, a significant decrease compared to 10,994,349.66 in the previous year[55] - The net increase in cash and cash equivalents was -57,221,463.97, compared to -2,667,304.56 in the previous year[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥778,016,944.91, down 3.76% from ¥808,451,792.56 at the end of the previous year[7] - Total current assets decreased from ¥606,995,186.77 to ¥570,597,142.97, a reduction of about 6.0%[35] - Total liabilities decreased from ¥224,430,558.80 to ¥192,491,094.27, a decrease of about 14.2%[37] - The company's total equity increased slightly from ¥584,021,233.76 to ¥585,525,850.64, an increase of approximately 0.3%[38] Operational Efficiency - Total operating costs increased to CNY 145,349,511.00 from CNY 127,645,566.52, with operating costs specifically rising to CNY 101,800,774.58 from CNY 95,450,790.17[44] - Sales expenses increased by 40.84% to RMB 10.81 million, mainly due to higher transportation costs and sales personnel salaries[20] - The company plans to enhance efficiency and profitability in 2018, focusing on product technology and marketing capabilities[25] Market Strategy and Risk Management - The company plans to enhance its market layout by establishing a domestic market department to reduce reliance on overseas markets[10] - The company will implement foreign exchange hedging management to mitigate risks associated with currency fluctuations[10] - The company aims to strengthen its R&D capabilities to meet market demands and enhance product differentiation[11] - The company has taken measures to mitigate accounts receivable risks by obtaining export credit insurance[11] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,878[15] - The top ten shareholders hold a combined 55.14% of shares, with the largest shareholder owning 31.13%[15] - The top five suppliers accounted for 29.24% of total purchases, with total procurement from them reaching 292.77 million yuan, a 29.24% increase year-on-year[24] - The top five customers contributed 48.69% of total sales, with sales amounting to 696.61 million yuan, showing a slight decrease from the previous year[24]