*ST西发(000752) - 2018 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2018 was CNY 91,166,350.10, a decrease of 2.39% compared to CNY 93,399,917.30 in the same period last year[8] - Net profit attributable to shareholders was CNY 3,352,189.11, down 8.06% from CNY 3,645,906.41 year-over-year[8] - Net profit for Q1 2018 was CNY 9,368,978.15, down 21.5% from CNY 11,938,182.02 in the previous period[36] - The net profit for the first quarter was -2,305,885.85 CNY, an improvement from -4,646,123.59 CNY in the previous year, indicating a reduction in losses[41] Cash Flow - Net cash flow from operating activities increased significantly by 184.04%, reaching CNY 106,599,580.90 compared to CNY 37,529,871.80 in the previous year[8] - Total cash inflow from operating activities was 182,931,002.00 CNY, compared to 113,190,676.66 CNY in the same period last year, representing an increase of approximately 61.5%[44] - The net cash flow from operating activities was 106,599,580.90 CNY, significantly higher than 37,529,871.80 CNY in the previous year, marking an increase of about 184.5%[44] - Cash outflow from investing activities was 5,501,560.46 CNY, a decrease from 200,423,590.00 CNY in the previous year, indicating a reduction in investment expenditures[44] - The net cash flow from financing activities was -258,402,894.44 CNY, compared to 7,208,310.42 CNY in the previous year, reflecting a significant increase in cash outflows for financing[45] - The company received 76,216,360.30 CNY in other operating cash, a substantial increase from 4,717,354.66 CNY in the previous year, indicating improved cash generation from operations[44] - The company paid 8,659,707.92 CNY in taxes, a decrease from 11,261,341.94 CNY in the previous year, suggesting improved tax efficiency[44] - The company’s cash flow from operating activities was significantly impacted by a reduction in cash outflows for purchasing goods and services, which totaled 52,363,145.32 CNY compared to 50,942,291.09 CNY last year[44] - The company’s cash flow from financing activities included 68,000,000.00 CNY in borrowings, which was a key component of its financing strategy during the quarter[45] Assets and Liabilities - Total assets decreased by 13.44% to CNY 1,271,805,742.47 from CNY 1,469,337,293.77 at the end of the previous year[8] - The company's total assets decreased slightly to CNY 996,983,161.42 from CNY 997,162,159.70 at the beginning of the period[32] - Total liabilities increased to CNY 331,694,306.28 from CNY 329,567,418.71 at the beginning of the period[33] - The company's total equity decreased to CNY 665,288,855.14 from CNY 667,594,740.99 at the beginning of the period[33] - The company reported a decrease in long-term equity investments to CNY 795,393,368.79 from CNY 795,945,967.88 at the beginning of the period[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,759[11] - The largest shareholder, Tibet Tianyi Longxing Investment Co., Ltd., held 10.65% of shares, amounting to 28,099,562 shares[11] - The second-largest shareholder, Ma Shufen, owned 10.00% of shares, totaling 26,375,929 shares[11] - There were no share repurchase transactions conducted by the top 10 shareholders during the reporting period[12] Operational Performance - Total operating revenue for Q1 2018 was CNY 91,166,350.10, a decrease of 2.6% from CNY 93,399,917.30 in the previous period[35] - Total operating costs increased to CNY 80,054,545.85, up 4.8% from CNY 76,680,140.64 in the previous period[35] - The weighted average return on net assets was 0.42%, slightly down from 0.46% in the previous year[8] - Other receivables decreased by 86.23% compared to the same period last year, mainly due to the recovery of funds[15] - Other current assets decreased by 50.76% year-on-year, primarily due to a reduction in VAT credits[15] - Construction in progress increased by 103.44% compared to the same period last year, mainly due to new investments in construction projects during the reporting period[15] - Short-term borrowings decreased by 68% year-on-year, primarily due to the repayment of due bank loans, resulting in a significant decline in the ending balance[15] - Investment income increased by 282.24 million yuan year-on-year, mainly due to the strong performance of Suzhou Huaxin Shanda Lichuang Investment Co., Ltd.[15] - Other payables increased by 287.02% year-on-year, mainly due to increased operational funding input[15] - Financial expenses decreased by 109.72% year-on-year, primarily due to a large repayment and interest payment amount in the first quarter of 2018[15] - The company invested 7,525,693.99 yuan to acquire 40% equity in Huaxin Ruisheng (Suzhou) Asset Management Co., Ltd.[16] - The company completed the capital increase and share expansion of its subsidiary, Tibet Galaxy Trading Co., Ltd., with an investment of 20.6 million yuan, changing it from a wholly-owned subsidiary to a controlling subsidiary[16]