中核钛白(002145) - 2018 Q1 - 季度财报

Important Notice The company's management confirms the truthfulness and completeness of the quarterly report and assumes legal responsibility Statement and Guarantee The board, supervisory board, and senior management guarantee the report's truthfulness and completeness, with all directors attending the review and key officers confirming financial statement accuracy - Management confirms the report's truthfulness, accuracy, and completeness, assuming legal responsibility[4] - Company principal Li Jianfeng, head of accounting Zhou Rong, and accounting department head Zhou Rong declare the financial statements in the quarterly report are true, accurate, and complete[5] Company Profile This section details the company's key financial performance for Q1 2018, including revenue, net profit, cash flow, and shareholder structure Key Accounting Data and Financial Indicators Q1 2018 saw operating revenue of 770 million yuan and net profit of 75.57 million yuan, down 3.41% and 36.14% respectively, while operating cash flow significantly improved to 177 million yuan, up 3,371.95% Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 769,743,226.47 | 796,904,477.78 | -3.41% | | Net Profit Attributable to Shareholders of Listed Company (RMB) | 75,574,752.98 | 118,345,957.90 | -36.14% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Items (RMB) | 73,861,521.28 | 115,901,790.38 | -36.27% | | Net Cash Flow from Operating Activities (RMB) | 177,448,131.83 | -5,423,316.02 | 3,371.95% | | Basic Earnings Per Share (RMB/share) | 0.05 | 0.07 | -28.57% | | Weighted Average Return on Net Assets | 2.50% | 4.42% | -1.92% | | Total Assets (RMB) | 5,659,244,014.48 | 5,699,088,868.70 | -0.70% (vs. end of prior year) | | Net Assets Attributable to Shareholders of Listed Company (RMB) | 3,057,051,383.02 | 2,996,828,195.10 | 2.01% (vs. end of prior year) | Details of Non-recurring Gains and Losses | Item | Amount from Year-Start to End of Reporting Period (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -418,982.91 | | Government Grants Included in Current Profit/Loss | 2,620,423.65 | | Other Non-operating Income and Expenses | -76,542.52 | | Less: Income Tax Impact | 411,666.52 | | Total | 1,713,231.70 | Shareholder Information As of the reporting period, the company had 93,487 common shareholders, with the largest shareholder, Li Jianfeng, holding 37.04%, of which 517 million shares were pledged - As of the end of the reporting period, the company had 93,487 common shareholders[11] Top Ten Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Pledged or Frozen Status | | :--- | :--- | :--- | :--- | :--- | | Li Jianfeng | Domestic Natural Person | 37.04% | 589,559,784 | Pledged 517,267,395 | | Huaxin Trust · Yingtai No. 66 | Other | 2.51% | 39,967,500 | - | | Chang'an Trust · Chang'an Investment No. 904 | Other | 2.46% | 39,228,403 | - | | Guangzheng Asset Management Zhongxiang Tianli | Other | 1.64% | 26,170,618 | - | | Everbright Securities Co., Ltd. | Other | 1.59% | 25,232,355 | - | | Hu Jianlong | Domestic Natural Person | 1.32% | 20,992,801 | Pledged 19,390,000 | | Zhang Ben | Domestic Natural Person | 1.25% | 19,961,000 | - | | Bohai Fuying No. 42 | Other | 1.18% | 18,835,413 | - | | Bohai Fuying No. 41 | Other | 1.17% | 18,699,151 | - | | Bohai Fuying No. 40 | Other | 1.09% | 17,400,000 | - | Significant Matters This section covers major financial data changes, performance forecasts, fair value financial assets, and other significant corporate events Analysis of Major Financial Data Changes Multiple financial indicators changed significantly, with net profit down 36.14% due to lower sales and higher raw material costs, financial expenses up 44.87% from currency fluctuations, and investment income down 815.39% due to associate losses Changes in Major Financial Indicators and Reasons | Item | Change Rate | Explanation | | :--- | :--- | :--- | | Income Statement Items | | | | Financial Expenses | 44.87% | Primarily due to exchange rate fluctuations during the reporting period | | Investment Income | -815.39% | Primarily due to losses from an associate company during the reporting period | | Net Profit | -36.14% | Primarily due to reduced sales volume and increased raw material prices leading to a decline in gross profit margin | | Fair Value Change in Available-for-Sale Financial Assets | -115.43% | Primarily due to fair value changes in the "Jinxing No. 1" asset management plan | | Balance Sheet Items | | | | Other Comprehensive Income | -171.29% | Primarily due to fair value changes in the "Jinxing No. 1" asset management plan | | Cash Flow Statement Items | | | | Cash Paid for Acquisition of Fixed Assets, etc. | 256.61% | Primarily due to increased investment in the subsidiary Dongfang Titanium Industry project during the reporting period | 2018 Half-Year Performance Forecast The company forecasts H1 2018 net profit attributable to shareholders to range from 176 million to 247 million yuan, a -25.00% to 5.00% change from the prior year, driven by titanium dioxide price and raw material cost fluctuations 2018 January-June Performance Forecast | Item | Value | | :--- | :--- | | Net Profit Change Range | -25.00% to 5.00% | | Net Profit Range (RMB 10,000) | 17,627 to 24,678 | | Net Profit for Same Period in 2017 (RMB 10,000) | 23,503.41 | | Reasons for Performance Change | Year-on-year increases in both sales prices and raw material prices for the main product, titanium dioxide, and uncertainty in sales volume | Financial Assets Measured at Fair Value The company held a fund-type financial asset with an initial cost of 299 million yuan and a period-end carrying value of 157 million yuan, incurring a fair value change loss of 17.22 million yuan for the period Details of Financial Assets Measured at Fair Value | Asset Category | Initial Investment Cost (RMB) | Fair Value Change Gain/Loss for the Period (RMB) | Cumulative Fair Value Change Gain/Loss Recognized in Equity (RMB) | Period-end Amount (RMB) | | :--- | :--- | :--- | :--- | :--- | | Fund | 299,000,000.00 | -17,218,117.33 | -7,166,300.20 | 156,986,904.74 | Other Significant Matters The company reported no significant matter progress, overdue commitments, irregular external guarantees, non-operating fund occupation by the controlling shareholder, or investor relations activities - During the reporting period, the company had no overdue unfulfilled commitments[17] - The company had no irregular external guarantees during the reporting period[20] - During the reporting period, there was no non-operating occupation of funds by the controlling shareholder or its related parties[21] - The company did not conduct any investor relations activities such as research visits, communications, or interviews during the reporting period[22]