秦川机床(000837) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥713,317,559.98, a decrease of 3.85% compared to ¥741,871,526.67 in the same period last year[8]. - The net profit attributable to shareholders was ¥4,218,782.77, down 12.83% from ¥4,839,870.55 year-on-year[8]. - Basic earnings per share decreased by 12.86% to ¥0.0061 from ¥0.0070 in the same period last year[8]. - The weighted average return on net assets was 0.15%, down from 0.17% year-on-year[8]. Cash Flow - The net cash flow from operating activities was -¥138,768,045.80, compared to -¥29,815,259.89 in the previous year[8]. - Operating cash flow showed a significant decline, with a cash outflow of ¥138,768,045.80 compared to a cash outflow of ¥29,815,259.89 in the same period last year, largely due to a higher proportion of accounts receivable in sales[21]. - Cash flow from investing activities turned negative at ¥-488,324,486.68, a decrease of ¥639,080,528.94 year-on-year, primarily due to increased investments in financing lease equipment by Qin Chuan International Leasing Co., Ltd.[21]. - Cash flow from financing activities improved significantly, with an inflow of ¥141,803,052.85 compared to an outflow of ¥685,944.02 in the previous year, mainly due to increased cash received from borrowings[21]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,156,965,284.06, an increase of 5.24% from ¥8,700,779,087.39 at the end of the previous year[8]. - The net assets attributable to shareholders were ¥2,828,548,235.75, slightly up by 0.09% from ¥2,825,894,604.69 at the end of the previous year[8]. - Cash and cash equivalents decreased by 32.41% to ¥992,753,575.07 from ¥1,468,691,246.79, primarily due to increased financing lease activities by subsidiary Qin Chuan International Leasing Co., Ltd.[17]. - Long-term receivables increased significantly by 225.23% to ¥563,439,845.20, driven by the growth in financing lease business by Qin Chuan International Leasing Co., Ltd.[17]. - Other receivables increased by 34.78% to ¥112,476,080.43, attributed to increased deposits for business operations by Qin Chuan International Leasing Co., Ltd.[17]. - Other current assets rose by 49.63% to ¥743,734,073.05, mainly due to the purchase of broker income certificates and increased receivables from subsidiary Shenzhen Qin Chuan Commercial Factoring Co., Ltd.[17]. Investment and Income - Investment income dropped by 56.05% to ¥9,218,126.04, mainly due to a decrease in trust product investment income and lower disposal gains from trading financial assets held by subsidiary Shanghai Qin Long Investment Management Co., Ltd.[17]. - The company reported non-operating income from government subsidies amounting to ¥6,972,193.91 during the reporting period[10]. - The company reported a fair value change income of ¥1,748,948.43, an increase of 89.88% compared to the previous year, due to the appreciation of trading financial assets held by Shanghai Qin Long Investment Management Co., Ltd.[17]. - The company has not reported any significant non-operating income or expenses during the reporting period, indicating a focus on core business operations[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,467[13]. - The top shareholder, Shaanxi Provincial Government State-owned Assets Supervision and Administration Commission, holds 15.94% of the shares, totaling 110,499,048 shares[13].