中通客车(000957) - 2018 Q1 - 季度财报

Important Notice Board of Directors' Statement The Board of Directors, Supervisory Committee, and senior management confirm the authenticity, accuracy, and completeness of this quarterly report - The company's management guarantees the report's content is true, accurate, and complete, with no false records, misleading statements, or major omissions[4] - The company's legal representative, chief accountant, and head of the accounting department have all declared the financial statements to be true, accurate, and complete[5] Company Profile Key Accounting Data and Financial Indicators The company's net profit attributable to shareholders plummeted in Q1 2018, alongside a significant deterioration in operating cash flow Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 863,847,190.55 | 875,885,692.06 | -1.37% | | Net Profit Attributable to Shareholders (Yuan) | 1,199,527.75 | 45,163,776.89 | -97.34% | | Net Profit after Non-recurring Items (Yuan) | -20,294,297.34 | 8,458,169.88 | -339.94% | | Net Cash Flow from Operating Activities (Yuan) | -635,731,845.11 | 146,897,199.96 | -532.77% | | Basic Earnings Per Share (Yuan/Share) | 0.00 | 0.08 | -100.00% | | Weighted Average Return on Equity | 0.04% | 1.73% | -1.69% | Non-recurring Profit and Loss Items for Q1 2018 | Item | Amount (Yuan) | | :--- | :--- | | Government grants included in current profit or loss | 23,743,055.97 | | Profit or loss from entrusting others with investments or asset management | 1,531,255.31 | | Other non-operating income and expenses | 38,447.34 | | Less: Income tax impact | 3,818,933.53 | | Total | 21,493,825.09 | Shareholder Information The company had 62,396 common shareholders at the end of the period, with two state-owned entities holding a combined 40.03% stake - At the end of the reporting period, the total number of common shareholders was 62,396[11] Top Two Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio | Number of Shares | | :--- | :--- | :--- | :--- | | Zhongtong Automobile Industry Group Co., Ltd. | State-owned legal entity | 21.07% | 124,941,288 | | Shandong State-owned Assets Investment Holdings Co., Ltd. | State-owned legal entity | 18.96% | 112,386,492 | Significant Matters Analysis of Major Financial Data Changes Significant fluctuations occurred in financial data, driven by increased borrowings, higher financial expenses, and a sharp decline in operating cash flow Balance Sheet Item Fluctuation Analysis Key balance sheet changes include substantial increases in prepayments, long-term equity investments, and short-term borrowings Major Changes in Balance Sheet Items | Item | Closing Balance | Opening Balance | Pct. Change | | :--- | :--- | :--- | :--- | | Prepayments | 145,725,264.57 | 53,119,411.27 | 174.34% | | Long-term Equity Investment | 11,930,759.72 | 2,016,207.04 | 491.74% | | Short-term Borrowings | 1,593,782,170.79 | 1,070,970,890.18 | 48.82% | Income Statement Item Fluctuation Analysis The income statement was impacted by a surge in financial expenses and a significant decrease in other income from government grants Major Changes in Income Statement Items | Item | Current Period Amount | Prior Period Amount | Pct. Change | | :--- | :--- | :--- | :--- | | Financial Expenses | 40,936,467.00 | 4,716,205.60 | 768.00% | | Other Income | 23,725,055.97 | 42,458,790.06 | -44.12% | Cash Flow Statement Item Fluctuation Analysis Operating cash flow turned negative due to reduced cash receipts and increased payments, while financing cash flow grew from new borrowings Major Changes in Cash Flow Statement Items | Item | Current Period Amount | Prior Period Amount | Pct. Change | | :--- | :--- | :--- | :--- | | Cash received from other operating activities | 8,432,173.69 | 360,642,093.39 | -97.66% | | Cash paid for goods and services | 926,898,655.19 | 571,804,814.87 | 62.10% | | Cash received from borrowings | 582,518,379.20 | 50,000,000.00 | 1065.04% | Disclosure of Other Significant Matters The company reports no significant developments, unfulfilled commitments, performance warnings, or irregular activities during the period - The company did not issue a profit warning for the cumulative net profit of January-June 2018[22] - During the reporting period, the company had no securities investments, derivatives investments, or irregular external guarantees[22][24][26] - No investor relations activities such as research visits, communications, or interviews occurred during the reporting period[25]