中信特钢(000708) - 2018 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2018 was CNY 3,008,454,643.68, representing a 28.56% increase compared to CNY 2,340,179,177.27 in the same period last year[8] - Net profit attributable to shareholders was CNY 90,557,855.44, up 38.72% from CNY 65,281,051.58 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 92,587,491.14, reflecting a 23.41% increase from CNY 75,027,052.95 in the previous year[8] - The basic earnings per share increased by 39.31% to CNY 0.202 from CNY 0.145 in the same period last year[8] - Operating profit for the period was CNY 108,067,911.58, up 22.5% from CNY 88,267,121.12 in Q1 2017[31] - The company reported a total comprehensive income of CNY 90,557,855.44 for the period, compared to CNY 65,281,051.58 in the previous year[32] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 6,791,504,392.35, a 3.23% increase from CNY 6,578,740,103.44 at the end of the previous year[8] - Net assets attributable to shareholders increased by 2.25% to CNY 4,118,859,272.50 from CNY 4,028,301,417.06 at the end of the previous year[8] - Cash and cash equivalents at the end of the period totaled CNY 1,296,146,586.41, up from CNY 698,967,445.14 at the end of Q1 2017[36] - The total number of shareholders at the end of the reporting period was 25,528[11] - The top two shareholders, Hubei Xinya Steel Co., Ltd. and CITIC Pacific (China) Investment Co., Ltd., held 29.95% and 28.18% of shares, respectively[11] Cash Flow and Operating Activities - The net cash flow from operating activities improved significantly, with a net outflow of CNY -114,347,593.05, a 72.48% improvement from CNY -415,579,916.67 in the previous year[8] - Cash flow from operating activities showed a net outflow of CNY 114,347,593.05, an improvement from a net outflow of CNY 415,579,916.67 in the same period last year[35] - Investment cash flow turned positive at CNY 36,795,548.44, a 164.06% increase due to cash received from project grants[15] - Financing cash flow surged by 6080.03% to CNY 197,692,291.67 due to new borrowings received[15] Expenses and Liabilities - Total operating costs for Q1 2018 were CNY 2,900,486,732.10, a 28.9% increase from CNY 2,251,912,056.15 in Q1 2017[29] - Management expenses increased by 80.63% to CNY 162,929,801.63 primarily due to higher R&D expenses[15] - Sales expenses rose by 65.33% to CNY 55,720,689.40 reflecting increased operational costs[15] - Employee compensation payable increased by 45.08% to CNY 68,827,647.19 reflecting higher salary expenses[15] - Tax payable increased by 43.38% to CNY 52,917,504.63 primarily due to increased VAT payable[15] - Other payables increased by 45.25% to CNY 266,756,238.46 mainly due to higher accrued expenses[15] Return on Equity - The weighted average return on equity rose to 2.22%, up from 1.74% year-on-year, an increase of 0.48%[8]