科创新源(300731) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was CNY 63,494,770.99, representing a 17.63% increase compared to CNY 53,980,158.82 in the same period last year[7]. - Net profit attributable to shareholders decreased by 9.98% to CNY 14,036,764.20 from CNY 15,592,264.57 year-on-year[7]. - Net profit excluding non-recurring items fell by 14.35% to CNY 12,025,198.18 compared to CNY 14,039,621.50 in the previous year[7]. - Basic earnings per share decreased by 32.96% to CNY 0.1609 from CNY 0.24 year-on-year[7]. - The comprehensive gross margin decreased to 42.30% in Q1 2018 from 47.80% in Q1 2017, indicating pressure on profitability[10]. - Total operating revenue for the current period reached ¥63,494,770.99, an increase from ¥53,980,158.82 in the previous period, representing a growth of approximately 17.5%[43]. - Net profit for the current period was ¥13,011,062.80, down from ¥14,799,428.44, which is a decrease of about 12.1%[44]. - Earnings per share (EPS) for the current period was ¥0.1609, compared to ¥0.24 in the previous period, showing a decline of approximately 33.3%[45]. Cash Flow - Operating cash flow increased significantly by 79.00% to CNY 11,586,686.05 from CNY 6,472,917.58 in the same period last year[7]. - Cash flow from operating activities was ¥76,527,858.20, an increase from ¥56,598,767.40, representing a growth of about 35.2%[50]. - The net cash flow from operating activities for Q1 2018 was ¥11,586,686.05, an increase of 79.8% compared to ¥6,472,917.58 in Q1 2017[51]. - The total cash inflow from operating activities was ¥78,136,763.04, compared to ¥58,688,293.77 in the previous year, indicating a growth of 33.1%[51]. - The total cash outflow from operating activities was ¥66,550,076.99, which is an increase from ¥52,215,376.19 in the previous year, representing a 27.4% rise[51]. - The net cash flow from investment activities was ¥3,136,434.17, a significant recovery from a negative cash flow of ¥564,267.85 in the same period last year[52]. - Cash and cash equivalents at the end of the period reached ¥280,088,998.08, compared to ¥22,415,291.98 at the end of Q1 2017, reflecting a substantial increase[52]. - The cash and cash equivalents net increase for the period was ¥14,342,965.66, compared to ¥9,611,199.09 in the previous year, showing a growth of 49.8%[52]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 556,285,036.64, a 2.63% increase from CNY 542,017,065.87 at the end of the previous year[7]. - Total current assets increased to ¥515,900,147.40 from ¥503,358,653.85, representing a growth of approximately 3.07%[35]. - Cash and cash equivalents rose to ¥284,095,480.12 from ¥268,452,650.97, an increase of about 5.88%[35]. - Accounts receivable decreased to ¥44,144,792.83 from ¥50,968,913.30, a decline of approximately 13.4%[35]. - Inventory increased significantly to ¥39,251,057.24 from ¥31,520,786.98, reflecting a growth of about 24.6%[35]. - Total non-current assets rose to ¥40,384,889.24 from ¥38,658,412.02, an increase of approximately 4.46%[36]. - Total current liabilities increased to ¥48,052,871.68 from ¥46,674,015.97, a rise of approximately 2.94%[37]. - Total liabilities grew to ¥54,626,755.61 from ¥53,369,847.64, reflecting an increase of about 2.35%[37]. - Total equity attributable to shareholders increased to ¥500,372,178.90 from ¥486,335,414.70, a growth of approximately 2.14%[38]. - Unappropriated profits rose to ¥78,702,720.53 from ¥64,665,956.33, an increase of about 21.66%[38]. Investments and Business Expansion - The company aims to expand into new business areas such as OPP tape and automotive rail transit sealing components, which may impact overall profit margins[10]. - The company invested ¥17 million in Wuhu Xianglu Automotive Parts Co., effectively expanding its customer base in the automotive rail transit sealing business[23]. - The overseas communication market shipments increased by 41.59% year-on-year, contributing to stable revenue growth[23]. - The company’s intangible assets increased by 111.96% to RMB 14.71 million due to the acquisition of land by a subsidiary[18]. - Prepayments rose by 243.38% to RMB 2.64 million, attributed to an increase in customer advance payments[18]. Expenses and Financial Management - Operating costs increased by 40.98% to RMB 36.63 million, primarily due to a decrease in gross profit[19]. - Management expenses increased to ¥9,434,804.25 from ¥7,813,693.58, which is an increase of about 20.7%[44]. - Sales expenses rose to ¥3,833,257.35 from ¥3,304,459.85, indicating an increase of approximately 16.0%[44]. - Tax expenses decreased to ¥2,764,185.43 from ¥3,095,388.92, reflecting a decline of about 10.7%[44]. - The company’s financial expenses decreased by 37.11% to RMB 53,456.78, resulting from interest income on bank deposits[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,314, with the largest shareholder holding 20.64% of the shares[13]. - The company has implemented a stable profit distribution policy, with a cash dividend of ¥3.50 per 10 shares proposed for 2017[29]. Compliance and Risk Management - The company reported no significant changes in project feasibility or major risks affecting operations during the reporting period[24][30]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[31][30]. - The construction planning for the fundraising investment projects is nearing completion, with no significant changes in project feasibility[27].