盈新发展(000620) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥1,044,471,720.56, representing a 21.88% increase compared to ¥856,987,484.05 in the same period last year[8] - The net profit attributable to shareholders decreased by 42.29% to ¥39,041,267.22 from ¥68,356,319.29 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,523,705.95, a significant increase of 229.53% compared to a loss of ¥29,821,426.13 in the previous year[8] - Basic and diluted earnings per share were both ¥0.02, down 50.00% from ¥0.04 in the previous year[8] - The total operating revenue for Q1 2018 was CNY 1,044,471,720.56, an increase of 22% compared to CNY 856,987,484.05 in the same period last year[43] - Net profit for Q1 2018 was CNY 40,996,729.09, a decrease of 33% from CNY 60,893,049.48 in Q1 2017[44] Cash Flow and Liquidity - The net cash flow from operating activities improved by 46.29%, reaching -¥817,423,610.88, compared to -¥1,522,471,699.09 in the same period last year[8] - The total cash inflow from operating activities was 2,603,282,151.17, compared to 1,725,752,164.28 in the previous year, indicating an increase in cash receipts[51] - The total cash outflow from operating activities was 3,420,705,762.05, which increased from 3,247,787,485.40 in the previous period[51] - The cash and cash equivalents decreased from RMB 8.85 billion to RMB 6.95 billion, representing a decline of approximately 21.5%[35] - The company's cash and cash equivalents decreased to CNY 417,342,994.95 from CNY 1,150,989,218.25, indicating a significant reduction in liquidity[39] - The cash inflow from operating activities was ¥2,447,256,048.37, compared to ¥1,338,926,129.97 in the previous period, marking an increase of about 83.0%[53] Assets and Liabilities - The total assets at the end of the reporting period were ¥50,989,901,715.16, a decrease of 0.91% from ¥51,458,001,555.87 at the end of the previous year[8] - The total liabilities as of the end of Q1 2018 amounted to CNY 42,732,647,533.85, slightly down from CNY 43,155,182,601.34 at the beginning of the year[38] - The total current liabilities of the company were RMB 14.67 billion, compared to RMB 15.43 billion at the beginning of the year, showing a decrease of approximately 4.9%[36] - The total cash outflow from operating activities was ¥1,668,804,659.36, up from ¥1,310,290,008.03 in the previous period, representing an increase of approximately 27.4%[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,424[12] - The largest shareholder, Xinhua Lian Holdings Co., Ltd., held 59.79% of the shares, amounting to 1,134,081,595 shares[12] - The net assets attributable to shareholders were ¥6,480,548,649.11, down 0.97% from ¥6,543,746,396.28 at the end of the previous year[8] Investments and Acquisitions - The company has completed the acquisition of 100% equity in the Children's Paradise Company for approximately ¥121 million, making it a wholly-owned subsidiary[20] - The company plans to invest RMB 20 billion in the establishment of Asia-Pacific Reinsurance Company, holding a 20% stake[24] - The company is in the process of issuing corporate bonds totaling up to ¥2 billion, with a term not exceeding 5 years[21] Expenses - Sales expenses rose by 46.43% to approximately ¥90.72 million, attributed to increased sales activities[17] - The company incurred financial expenses of 27,391,819.74, which increased from 19,752,323.71 in the previous year[47] - The management expenses for the first quarter were 1,823,389.70, down from 6,559,642.71 in the previous period, indicating cost-cutting measures[47] Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥3,517,561.27 for the reporting period[9] - Other comprehensive income after tax showed a loss of CNY 3,280,347.55, compared to a loss of CNY 15,457,158.59 in the same period last year[44]