GREE(SZ:000651)2018-04-26 16:00Financial Performance - The company's operating revenue for Q1 2018 was CNY 39.56 billion, representing a 33.29% increase compared to CNY 29.68 billion in the same period last year[8]. - The net profit attributable to shareholders for Q1 2018 was CNY 5.58 billion, up 39.04% from CNY 4.01 billion year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4.19 billion, reflecting a 15.86% increase from CNY 3.61 billion in the previous year[8]. - Basic earnings per share for Q1 2018 were CNY 0.93, an increase of 38.81% from CNY 0.67 in the same period last year[8]. - The net cash flow from operating activities reached CNY 14.36 billion, a significant increase of 63.58% compared to CNY 8.78 billion in the same period last year[8]. Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 218.36 billion, a 1.58% increase from CNY 214.97 billion at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were CNY 70.92 billion, up 8.12% from CNY 65.60 billion at the end of the previous year[8]. - The total number of ordinary shareholders at the end of the reporting period was 435,187[12]. - The largest shareholder, Zhuhai Gree Group Co., Ltd., held 18.22% of the shares, amounting to 1,096,255,624 shares[12]. Financial Position and Changes - Derivative financial assets increased by 51.42% to ¥728,413,272.07 due to the rise in fair value of forward foreign exchange contracts[16]. - Accounts receivable rose by 47.05% to ¥8,550,333,342.44, attributed to an increase in outstanding receivables[16]. - Loans and advances increased by 42.45% to ¥9,506,619,329.19, primarily due to an increase in loan issuance[16]. - Financial expenses increased by 62.37% to -¥111,580,502.72, primarily due to an increase in exchange gains[16]. - Management expenses rose by 36.96% to ¥1,898,663,251.65, mainly due to increased R&D investment[16]. - Cash flow from financing activities decreased by 108.49% to -¥483,425,333.05, primarily due to increased cash used for debt repayment[16]. - Derivative financial liabilities decreased by 86.91% to ¥80,588,408.54, due to the rise in fair value of forward foreign exchange contracts[16]. - The net cash flow from investment activities was -¥5,387,881,077.92, reflecting an increase of 80.66% in cash paid for investments[16]. - Notes receivable decreased by 33.16% to ¥21,560,945,304.17, due to the maturity and acceptance of notes[16]. Risk Management and Compliance - The company engaged in hedging activities to mitigate cost risks from raw material price fluctuations, utilizing futures contracts to lock in material costs[22]. - The futures hedging contracts generated a profit of 2.5134 million yuan during the reporting period, while the forward foreign exchange contracts yielded a profit of 26.00206 million yuan[22]. - The company has established internal control measures for derivative investments, ensuring compliance with legal regulations and risk management protocols[22]. - No significant changes were reported in the accounting policies for derivatives compared to the previous reporting period[22]. - The company has not engaged in any illegal external guarantees during the reporting period[24]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[25].